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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.

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 ...

11-16-2021

Phillips 66 (NYSE: PSX) has announced that it plans to convert its Alliance Refinery in Belle Chasse, Louisiana, to a terminal facility.

The conversion is expected to take place in 2022, Phillips 66 highlighted. The refinery employs approximately 500 employees and 400 contractors, according to the company.

“We made this decision after exploring several options and considering the investment needed to repair the refinery following Hurricane Ida,” Greg Garland, the chairman and chief executive officer of Phillips 66, said in a ...

11-5-2021

SPRING, TX - Southwestern Energy Company announced that it has entered into a definitive agreement with the third largest private Haynesville producer – GEP Haynesville, LLC under which it will acquire GEP for approximately $1.85 billion. The transaction is expected to close by year-end 2021, subject to customary closing conditions.

“This strategic move positions Southwestern as the largest producer in the Haynesville and enhances our leading presence in the top two premier natural gas basins in the US. ...

9-20-2021

Kinder Morgan Inc. (KMI) is partnering with Neste Oyj to create a raw material storage and logistics hub in the US supporting increased production of renewable diesel, sustainable aviation fuel (SAF), and renewable feedstock for polymers and chemicals. Upon completion of the project, KMI’s Harvey, La., terminal will serve as the primary hub at which Neste will store a variety of raw materials including, for example, used cooking oil it collects from more than 40,000 ...

8-12-2021

Aug 11 (Reuters) - Chesapeake Energy Corp (CHK.O) agreed to buy Louisiana natural gas rival Vine Energy Inc (VEI.N) for $615 million, betting on the shale field's proximity to the U.S. Gulf Coast export hub.

Dealmaking in the oil and gas sector has jumped this year as prices rebounded due to the vaccine-driven economic recovery. U.S. oil futures were up about 1.44% on Wednesday at $69.27 a barrel, an increase of about 63% from year-ago levels.

8-2-2021

Oil major Royal Dutch Shell has agreed to buy 3 million mt/year of LNG from Tellurian's proposed Driftwood LNG export terminal in Louisiana, the companies said in a joint statement July 29.

Total offtake commitments to Driftwood LNG now stand at 9 million mt/year, just shy of the expected 9.2 million mt/year two-plant first phase of the project. Each plant is expected to have up to four liquefaction trains.

"With these SPAs, we have now completed ...

6-4-2021

U.S. gas producer Southwestern Energy Co (SWN.N) on Wednesday agreed to buy privately held Indigo Natural Resources LLC for about $2.7 billion, bulking up its operations to take advantage of rising gas prices.

Dealmaking has risen in the energy sector as increased vaccinations boosted travel demand, and as producers look to scale up to cut costs after the COVID-19 pandemic caused one of the industry's worst downturns.

Southwestern-Indigo has become the largest pure-play deal ...

4-29-2021

Strategic Biofuels LLC is developing a project for construction of a grassroots renewable fuels plant on a 171-acre site at the Port of Columbia in Caldwell Parish, La., about 25 miles south of Monroe.

To be operated by subsidiary Louisiana Green Fuels LLC (LGF), the proposed plant would use established refinery processes to produce up to 32 million gal/year of renewable fuel from a feedstock of wood waste made up of timber byproducts supplied by responsibly ...