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’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...
Global oil price drop expected to impact Louisiana industry, budget
Saudi Arabia is tanking worldwide oil prices over a dispute with Russia about how to handle the economic turmoil resulting from the COVID-19 epidemic.
The...
Top exec: Oil demand will grow long-term
Current market conditions aside, the president of ExxonMobil Fuels & Lubricants remains bullish about fossil fuels and expects demand for oil and gas to...
