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.
The increasing divergence between oil prices and spot liquefied natural gas (LNG) prices has created strong incentives for Asian buyers under long-term LNG contracts to seek price adjustment and other forms of LNG contract flexibility such as diversion rights and quantity flex. While the commercial realities of a buyer’s market and low Henry Hub pricing has led to many ‘buyer friendly’ changes to contract terms, force majeure (FM) clauses have remained relatively unchanged and ...
YCl Methanol One LLC has let a contract to WorleyParsons Ltd. to provide commissioning and startup services for YCI Methanol’s $1.85 billion grassroots methanol plant now under construction on the Mississippi River in St. James Parish, La.
The first phase of the greenfield complex, which will produce 1.7 million tonnes/year of methanol using Air Liquide SA’s proprietary MegaMethanol technology, is scheduled to be fully operational and ready for production in late 2020, Worley said.
Enterprise Products Partners LP has started operations at its new Bulldog cryogenic natural gas processing plant in Panola County, Texas. The facility can process 200 million cubic feet per day (MMcf/d) of natural gas and extract up to 12,000 barrels per day (BPD) of natural gas liquids (NGLs).
Combined with Enterprise’s existing Panola cryogenic facility, this new plant gives the company the capacity to process a total of 320 MMcf/d and produce in excess of 18,000 ...
Twenty-eight natural gas pipeline projects are completed, under construction or pending in Louisiana this year—many of them designed to provide the necessary infrastructure for LNG export facilities in production or planned along the state’s coastline.
According U.S. Energy Information Administration tracking records reviewed by 10/12 Industry Weekly, seven have already been completed this year: the Westlake Expansion Project lateral by Gulf South Pipeline, the Texas-Louisiana Markets Project and the Stratton Ridge expansions by ...
A few high-profile shale executives say the glory days of shale drilling are over.
In a round of earnings calls, the financial results were mixed. A few companies beat earnings estimates, while others fell dramatically short.
But aside from the individual performances, there were some more newsworthy comments from executives on the state of the industry. A common theme emerged from several notable shale executives: the growth frenzy is coming to an end.Click HERE
In keeping with its record of bringing online liquefaction capacity ahead of time and on budget, Cheniere Energy Inc. said the third production unit at the Corpus Christi liquefied natural gas (LNG) facility in South Texas is expected to achieve substantial completion in the first half of 2021, several months earlier than its original target.
Click HERE to read more ...
The top executive leading the largest liquefied natural gas project planned in Louisiana shared her vision for the $30 billion Driftwood LNG export terminal during the Louisiana International Trade week in Baton Rouge hosted by The World Trade Center of New Orleans.
Meg Gentle, the CEO of Houston-based Tellurian Inc., described how Louisiana and her company fits into the global LNG export market.Click HERE to read more ...
ExxonMobil Pipeline in January will take over operations of the US Strategic Petroleum Reserve's 2-million-barrel capacity St. James, Louisiana, terminal that can distribute government-owned crude to Gulf Coast and Midwest refiners.
The Department of Energy said Monday that ExxonMobil signed a 20-year lease to operate the St. James marine terminal and 36-inch-diameter Redstick pipeline that connects to the Bayou Choctaw SPR facility. The lease will end Shell's 22-year operational control of the facilities.
St. James ...
The U.S. oil and gas rig count fell off a cliff last week shedding 21 active rigs (down 17 oil rigs, 4 gas rigs) punctuating a steady year-long decline. Since January, oil rig counts are down 20.6% (-181) while gas lost 33.7% (-65).
San Diego utility company Sempra Energy and Japanese industrial conglomerate Mitsui & Co. have entered into a memorandum of understanding to expand a liquefied natural gas export terminal in Louisiana and another in Baja California.
The two companies are part of a consortium building three liquefied natural gas production units during the first phase of development at the Cameron LNG export terminal in southwest Louisiana. Under the memorandum, the companies have agreed to help each other ...