Home Oil & Gas

Oil & Gas

Magnolia LNG project in jeopardy

Bridge financing essential to keeping LNG Limited operating long enough to close an agreement to be taken over by a Singaporean investor fell through,...

Louisiana snags $155.7 million in GOMESA money

Louisiana on Monday snagged $155.7 million in GOMESA revenue-sharing funds for coastal restoration efforts, derived from offshore energy production. Plaquemines Parish gets the largest disbursement...
Lake Charles LNG

Shell walks away from Lake Charles LNG project

Shell is not going forward with its investment in the Lake Charles LNG project due to “current market conditions,” the company announced today. Shell had...

ExxonMobil shrinks Baton Rouge production

U.S. oil supermajor ExxonMobil has reduced the run rates at its second-largest U.S. refinery in Baton Rouge, sources with knowledge of the operations at...

Tellurian gets an 18-month extension on $75 million in loans

Creditors are giving Houston liquefied natural gas company Tellurian an 18-month life line in the face of tough market conditions that include the ongoing...

Gulf of Mexico oil and gas lease bidding drops to new low

Bidding on federal oil and gas leases in the Gulf of Mexico last week was the lowest since the sales began in August 2017—and...

Shell official advocates for a preemptive approach to offshore pipeline protection

Shell Pipeline’s Donnie Garrison touts a proactive approach to protecting the Louisiana’s thousands of miles of offshore pipeline. Taking an early role in re-creating...

Dismukes: Petrochem industry likely to cut back on planned expansions

Four days into the oil price war that was ignited last week, when Saudi Arabia said it would flood the market with oil at...
Cameron LNG

Cameron LNG’s train 2 starts generating revenue

Cameron LNG's second train of the liquefaction-export infrastructure project in Hackberry, has begun commercial operations under Cameron LNG's tolling agreements, Sempra Energy has announced. Train...

Tellurian cuts workforce by 40%, contemplates Driftwood delay

Tellurian Inc. has cut roughly 40% of its workforce in a restructuring effort designed to cut  costs and focus on the company's planned $29...

Trending Now