Monday, January 20, 2020

Louisiana News

US Refiners Grab HSFO on Back of IMO 2020

© Fotos von Schiffen / Adobe Stock

U.S. refiners are scooping up cheap high-sulfur fuel oil for processing from Russia and the Baltic states as they take advantage of new shipping rules that have cut demand for the dirtier marine fuel, according to oil traders and shipping data.U.S. refiners Valero Corp, Chevron Corp and Phillips 66 have been buying HSFO, traders said…

Castleton Closes Shell Shale Deal

Image: Castleton Resources

Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company LLC, a subsidiary of Royal Dutch Shell plc. Pro forma for the acquisition, Castleton Resources will hold approximately 222…

Louisiana LNG Unit Starts Production

Image: McDermott International, Inc.

Train 2 of the Cameron LNG project in Hackberry, Louisiana, has begun producing liquefied natural gas (LNG), announced McDermott International and its joint venture partner, Chiyoda International Corporation, a U.S.-based wholly-owned subsidiary of Chiyoda Corporation, Japan.While production is in the initial phases, this significant…

Chevron: GoM Anchor Project Needs $5.7 bln

© Andrei / Adobe Stock

Chevron Corp said on Thursday its Anchor project in the Gulf of Mexico would need an investment of about $5.7 billion.Announcing its final investment decision on the planned facility, the oil major said first oil from the field is expected in 2024.The Anchor field is located about 140 miles off the coast of Louisiana and is in water depths of 5…

Ocean LNG Leads in Contracted Capacity

Graph: GlobalData

Ocean LNG has dominated in terms of long-term liquefied natural gas (LNG) import volumes for contracts signed by key purchasing companies for the year 2019, with almost 47% of the global contracted capacity.According to a report by GlobalData, Ocean LNG signed the biggest long-term LNG contract for 2019 with Golden Pass Products. According to the contract…

Cheniere Seeks U.S. OK to Return Louisiana Sabine LNG Tank

Cheniere Energy Inc asked U.S. energy and safety regulators to approve a process that would allow the company to return to service a storage tank that leaked at its Sabine Pass liquefied natural gas (LNG) export plant in Louisiana:* Cheniere, the biggest U.S. LNG exporter, said in a filing earlier this week that its proposed process would prioritize work on one tank…

Cheap LNG from Qatar Imperils N.American Projects

Cheniere's Sabine Pass LNG Terminal (CREDIT: Cheniere)

Proposed projects to export liquefied natural gas (LNG) from North America face an uphill battle against Qatar, which announced plans to further ramp up production to hold onto its position as the world's leading LNG exporter.The United States is on track to overtake Qatar and Australia as the top LNG exporter by 2024, but now will…

Danos Leverages VR for Training and Assessment

(Photo: Danos)

Services company Danos said it is tapping virtual reality (VR) technology to assess and train its employees, in an effort to drive down costs for customers while increasing safety and minimizing exposure.“It’s critical that employees be assessed for competency, and the costs and risks of doing this on site are tremendous,” said the company's owner Eric Danos.

Oil Majors to Raise $27Bln in Selling Spree

Pic: Rystad Energy

Global giants of the oil and gas industry – the so-called supermajors – are looking to sell assets that could fetch a total of $27.5 billion, according to Rystad Energy’s latest assessment.These companies are actively shedding mature assets on a massive scale in a bid to finance higher-yielding investments elsewhere, with the added…

Trump Nominates Brouillette as New Energy Secretary

Dan Brouillette (Photo: US Department of Energy)

The U.S. Department of Energy said on Thursday that President Donald Trump had formally nominated Deputy Energy Secretary Dan Brouillette, a former vice president of Ford Motor Co and Louisiana state energy regulator, to head the department.If confirmed by the Senate, Brouillette will replace Rick Perry, who said last month he would step down by the end of the year.

U.S. NatGas Prices Near 25-year Low as Glut Weighs

AdobeStock / © Kasto

In the shale field that helped launch the U.S. natural gas boom a decade ago, Chesapeake Energy Corp this month set aside its last drilling rig. The problem for the once No. 2 U.S. gas producer was not a lack of gas, but too much of it.A long, steady increase in U.S. gas production – much of it a byproduct of the shale oil boom – has prices for the fuel heading toward a 25-year low, with output outpacing U.S.

Delfin Delays Final Louisiana FLNG Project

File Image: a typical FLNG underway on its way to deployment (CREDIT: shell)

Delfin Midstream Inc has delayed its plan to make a final investment decision on its proposed Delfin Floating Liquefied Natural Gas (FLNG) export terminal in the Gulf of Mexico off Louisiana to 2020 from 2019.Delfin said in a release on Tuesday it entered into new agreements for front-end design and engineering work on a newbuild FLNG vessel with units of Samsung Heavy Industries Co Ltd and Black & Veatch.

OP/ED: Offshore Wind

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment.

Mitsui, Sempra Energy Sign LNG Deal

Pic: Sempra Energy

North American energy infrastructure company Sempra Energy and Japanese trader Mitsui & Co. have entered into a memorandum of understanding (MOU) under which the latter would take part in the Cameron LNG Phase 2 project in Louisiana.The MoU also encompasses a future expansion of the Energía Costa Azul (ECA) LNG project in Baja California, Mexico."This agreement signals continued momentum in the growing U.S.

ExxonMobil Seeks to Sell Montana Refinery

© fotoslaz / Adobe Stock

Exxon Mobil Corp is seeking a potential buyer for its roughly 60,000 barrel per day Billings, Montana refinery, according to three sources familiar with Exxon’s plans.Representatives for large refiners, including Valero Energy Corp and Marathon Petroleum Corp, have toured the refinery, two of the people said, speaking on condition…

BOEM Announces New GoM Lease Sale

Image: BOEM

The US Department of the Interior's Bureau of Ocean Energy Management (BOEM) plans to offer about 78 million acres in a region-wide Gulf of Mexico lease sale scheduled for March 2020.Lease Sale 254, which would include all unleased areas in federal waters in the gulf that are not subject to congressional moratorium, will be the sixth held under the 2017-22 federal OCS leasing program…

FERC Approves Plaquemines LNG Facility

Map courtesy: Venture Global LNG

The US Federal Energy Regulatory Commission has approved the construction of Venture Global's proposed $8.5 billion Plaquemines liquefied natural gas export facility in Louisiana. Venture Global LNG to build an LNG Plaquemines export terminal and a gas pipeline between the terminal and the interstate gas network.PGNiG will receive…

Centrica Starts Buying Cheniere LNG

Image: Centrica

British multinational energy and services company Centrica has loaded its first liquefied natural gas (LNG) cargo from the fifth LNG train at the Sabine Pass liquefaction plant in Louisiana under the agreement signed in 2013 with Cheniere Energy Partners, L.P.The gas was loaded onto the GasLog Ltd chartered Skagen vessel over the weekend…

Flooding Disrupts U.S. Gulf Coast Energy Operations

Energy infrastructure on the U.S. Gulf Coast was hit hard by Tropical Storm Imelda on Thursday, as flooding forced a major refinery, a key oil pipeline, terminals and a ship channel in Texas to shut, according to sources familiar with operations.Torrential rain has inundated the Gulf Coast from Houston to western Louisiana for a second straight day.

Next Wave of U.S. LNG Export Projects to be Tougher

Photo courtesy of Venture Global LNG

The next wave of U.S. liquefied natural gas (LNG) export projects will be “tougher” to bring online, as companies with existing facilities take advantage of lower costs to expand capacity in coming years, the chief executive of Blackstone Group said on Wednesday.Blackstone CEO David Foley said at the Gastech Energy Conference in Houston…