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Virtual Conference - Louisiana Chaper of NARO - May 25th

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The mission of NARO is to encourage and promote exploration and production of minerals in the United States while preserving, protecting, advancing and representing the interests and rights of mineral and royalty owners through education, advocacy and assistance to our members, to NARO chapter organizations, to government bodies and to the public.

8-8-2022

U.S. oil and gas company Chesapeake Energy has entered into a term gas supply agreement (GSA) with Golden Pass LNG Terminal, a joint venture of QatarEnergy and ExxonMobil.

Under the deal, Chesapeake is to deliver 300 milllion cubic feet per day of gas from Haynesville to Golden Pass’s LNG terminal on the Gulf Coast near Sabine Pass, Texas.

The GSA is to start in 2024 with a 36-month term at an NYMEX-based price less a ...

7-25-2022

July 21 (Reuters) - U.S. liquefied natural gas (LNG) developer Delfin LNG has asked federal regulators to extend the amount of time it has to put the onshore part of its proposed Gulf of Mexico floating LNG export project off Louisiana into service until September 2023.

The U.S. Federal Energy Regulatory Commission (FERC) said on Thursday that Delfin sought the extension on July 15.

Delfin is one of several North American LNG export projects that delayed ...

7-25-2022

Denbury Inc. has signed an agreement that will expand its US Gulf Coast CO2 storage assets.

The company signed a definitive agreement with a landowner near Donaldsonville, La., to lease about 18,000 acres for future carbon dioxide (CO2) sequestration, the company said in a release July 21. The site lies in Assumption and St. James Parishes, less than 5 miles from the company's existing 320-mile Green Pipeline and near the state's industrial corridor. 

The company anticipates the site

7-21-2022

Harvest Midstream has purchased the remaining interest of Arrowhead Gulf Coast Holdings LLC (AGCH), a network of pipelines and terminals serving the Louisiana refinery market and regional production.

The deal brings AGCH under full ownership of Harvest, the company said in a release July 20. Prior to the deal closing, a fund managed by BlackRock Real Assets held a 37.5% stake and Harvest owned the remaining 62.5%.

The AGCH system includes about 300 miles of crude and condensate pipelines ...

6-22-2022

London-based energy player INEOS has signed a deal with U.S. LNG company Sempra Infrastructure for the potential supply of 1.4 million tonnes per annum (mtpa) of LNG for 20 years.

With this, building on its position exporting ethane from the U.S., INEOS marked its entry into the global LNG market. This heads-of-agreement with Sempra is to provide 1.4 mtpa of LNG export from the U.S. Gulf Coast for 20 years.

INEOS Energy Trading will market the ...

6-21-2022

Venture Global LNG and EnBW executed two long-term sales and purchase agreements for 1.5 million tonnes/year (tpy) of LNG from Venture Global's Plaquemines and CP2 liquefaction plants, starting 2026.

The agreement is the first direct binding offtake agreement for long-term US LNG signed by a German company, as the country looks to diversify its energy mix, said Mike Sabel, chief executive officer of Venture Global LNG in a release June 21.

EnBW, one of the largest energy ...

6-1-2022

Southwestern Electric Power (SWEPCO), a subsidiary of American Electric Power (AEP), is seeking approval to acquire three renewable energy projects from the utility regulators of Arkansas, Louisiana and Texas.

The company aims to acquire Mooringsport, a 200MW solar farm in Caddo Parish, Louisiana; and Diversion, a 200.6MW wind facility in Baylor County, Texas.

SWEPCO also seeks to purchase Wagon Wheel, a 598.4MW wind farm in Garfield, Kingfisher, Logan, Payne and Noble counties in Oklahoma.

The ...

3-8-2022

Nov 5 (Reuters) - U.S. energy company Sempra Energy (SRE.N) said on Friday it will continue developing liquefied natural gas (LNG) export plants in Louisiana and Mexico while building the first phase of the Costa Azul LNG export plant in Mexico.

Justin Bird, CEO of Sempra Infrastructure, told analysts on the company's earnings call that Costa Azul was "on time and on budget" to produce first LNG by the end of 2024. Costa Azul will ...

3-7-2022

March 7 (Reuters) - U.S. liquefied natural gas (LNG) exporter Venture Global LNG said on Monday that oil and gas major Shell Plc (SHEL.L) has agreed to buy LNG produced at its proposed Plaquemines LNG export plant in Louisiana.

The contract is for two million tonnes per annum (MTPA) of LNG for 20 years, Venture Global said in a statement. Shell already buys 2 MTPA from Venture Global's Calcasieu Pass plant, which is also in Louisiana.

1-4-2022

Venture Global LNG has announced the execution of a 20-year Sales and Purchase Agreement (SPA) with CNOOC Gas & Power Group Co., Ltd.

The deal marks the first LNG supply agreement signed by a U.S. exporter with CNOOC, Venture Global highlighted. Under the deal, Venture Global will supply two million tons per annum of LNG on a free on board basis from its Plaquemines LNG export facility, in Plaquemines Parish, Louisiana, the company outlined. In ...