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.
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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 ...
The U.S. Department of Energy (DOE) issued an order to Venture Global Plaquemines LNG LLC (Plaquemines LNG) approving exports of liquefied natural gas (LNG) from the Plaquemines LNG Project. The project will be on the Mississippi River, in Plaquemines Parish, La., about 20 miles from the Port of New Orleans.
“The increase in LNG infrastructure projects in the U.S. has been astounding to watch,” said Secretary of Energy Rick Perry in a statement. “Projects ...
Enterprise Products Partners L.P. reported Thursday that it will expand and extend its Acadian natural gas pipeline system to ship increasing gas volumes from the Haynesville Shale to the liquefied natural gas (LNG) market in South Louisiana.
“The Haynesville region currently produces approximately 11 billion cubic feet per day (Bcf/d) of natural gas, which is expected to grow to approximately 14 Bcf/d by 2025,” A.J. “Jim” Teague, CEO of Enterprise’s general partner, said ...
NEW YORK (Bloomberg) - Tellurian said it signed a $7.5 billion agreement for India’s Petronet LNG Ltd. to buy into its proposed liquefied natural gas terminal in Louisiana, in what could potentially be one of the largest foreign investments in the U.S. to ship shale gas abroad.
Petronet will spend $2.5 billion for an 18% equity stake in the $28 billion Driftwood LNG terminal -- the largest outside holding so far in the project -- and negotiate ...