Oil & Gas

Driftwood LNG parent company reports 1Q net loss of $40.7M

Driftwood LNG parent company Tellurian Inc. reported a first quarter 2020 net loss of $40.7 million or 18 cents per share, Kallanish Energy reports. That...

Cornavirus, oil glut could cost Louisiana government up to $1.1 billion

The coronavirus battle and the world oil glut could cost cities, parishes and school boards in Louisiana anywhere from $404 million to $1.1 billion...

Oil and gas producers look to legislature for severance tax lifeline

More than half of the participants in a Louisiana Oil & Gas Association survey of member companies say they will likely file for bankruptcy,...

New signs point to bankruptcy or liquidation for Magnolia LNG developer

Australia's LNG Limited has appointed voluntary administrators from PricewaterhouseCoopers—a sign that the Magnolia LNG developer may be preparing to enter bankruptcy or liquidation, S&P...

Halliburton moving Kilgore operations to Bossier City

Oilfield services giant Halliburton laid off 233 employees in Kilgore, Texas, last week amid plans to close its facility there and move the operations...
Sabine Pass

Cheniere moving forward with plans for sixth train at Sabine Pass

Despite difficult market conditions impacting LNG demand, Cheniere plans to move forward with plans for a sixth train at its Sabine Pass LNG export...

Bloomberg: Coronavirus lays bare decade’s worth of miscalculations by ExxonMobil

Perhaps no company has been humbled as profoundly by recent events as ExxonMobil, which missed the shale boom, overspent on projects and saw its...

Net-zero emissions LNG plant eyes 2027 startup, but COVID-19 delays supplier announcement 

The developers of a Louisiana LNG facility touting net-zero greenhouse gas emissions—from wellhead to production—have temporarily postponed the announcement of a natural gas supplier...
Lake Charles LNG

2 Louisiana LNG projects among 20 delayed worldwide

Final investment decisions on 20 LNG projects—representing almost 228 million tons of new liquefaction capacity—that were scheduled for this year around the world will...

Venture Global celebrates two milestones at Calcasieu Pass LNG

Venture Global LNG Inc. has announced the successful raising of the first LNG storage tank roof at its Calcasieu Pass LNG export facility in...

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