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Gulf Coast News

 

FLNG Hilli Episeyo Operates in Full Capacity

Nov 05, 2018

Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability.Currently in the process of exporting its 10th LNG cargo, the vessel's proof of concept continues to add momentum to both existing and new opportunities under discussion…

Total and Sempra Energy Ink North America LNG Deal

Nov 05, 2018

French energy group Total and Sempra Energy have signed a memorandum of understanding on the north American liquefied natural gas (LNG) market, which could see Total acquire a further stake in the sector.The deal could see Total take a contract…

Chevron Profit Doubles

Nov 02, 2018

U.S. oil and natural gas producer Chevron Corp on Friday reported that its quarterly profit doubled on record oil and gas production, sending its shares up as much as 5 percent.The results reflected strong gains in its oil and gas production…

Cenovus Sees Crude Differentials to Ease Out by Mid-2019

Oct 31, 2018

Canadian oil and gas producer Cenovus Energy Inc expects the spread between Western Canadian Select (WCS) and U.S. benchmark Crude (WTI) to 'significantly' ease out by mid 2019, Chief Executive Officer Alex Pourbaix said on a call.Cenovus also expects crude by rail to reach 300…

Cheniere to Commission 1st Corpus Christi LNG Cargo

Oct 30, 2018

Cheniere Energy will commission the first liquefied natural gas (LNG) cargo from its new Corpus Christi export terminal on Nov. 15, the Texas port's chief executive said on Tuesday.The commissioning of the cargo, months ahead of schedule, will…

Next-wave LNG Race Hits Hurdles in US-China Trade War

Oct 30, 2018

The delay of a U.S. Gulf Coast liquefied natural gas (LNG) export project has crystallized fears that the U.S. trade battle with China is hampering efforts to line up buyers needed to move ahead with multi-billion-dollar builds.The United States…

McDermott Gets Saipem as Partner for NextDecade

Oct 30, 2018

McDermott International announced that it plans to partner with the Italian oil and gas industry contractor Saipem S.p.A. to bid for NextDecade's planned Rio Grande LNG project in Brownsville, Texas.'Our joint bid with Saipem will feature optimized…

Venezuela, Mexico Divert Crude to U.S. as Canadian Barrels Get Stuck

Oct 26, 2018

Cash-strapped state-run oil companies in Mexico and Venezuela have begun diverting crude historically processed for domestic use and sending it to U.S. refiners now facing transportation constraints to secure similar grades from Canada, data shows…

Enbridge to Put More of Ohio TEAL Natgas Pipe Into Service

Oct 24, 2018

Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL) Phase 1 natural gas pipeline in Ohio into service.In a filing with the U…

Rising U.S. Shale Exports Turn WTI into 24-hour Benchmark -CME

Oct 18, 2018

Rising U.S. crude oil exports to Europe and Asia have had a knock-on effect in the futures market, turning the U.S. West Texas Intermediate contract into a near-24 hour benchmark, exchange operator CME Group said. Owain Johnson, managing director for energy research and development at CME…

US Energy Exports to China Plummet

Oct 18, 2018

It's probably not the kind of success U.S. President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world's two biggest economies.China's imports of U.S. crude oil…

U.S. Oil Firms Restoring Operations in Storm-tossed Gulf of Mexico

Oct 11, 2018

Oil producers on Thursday were checking Gulf of Mexico production platforms and beginning to return crews to more than 90 offshore facilities evacuated this week as Hurricane Michael moved through the Gulf.Production shut-ins that temporarily…

Storm Shuts Nearly 40% of US GoM Oil Output

Oct 09, 2018

Nearly 40 percent of daily crude oil production was lost from offshore U.S. Gulf of Mexico wells on Tuesday due to platform evacuations and shut-ins ahead of Hurricane Michael.Since Monday, oil producers, including Anadarko Petroleum Corp, BHP Billiton…

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

Oct 09, 2018

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…

GoM Offshore Platforms Evacuated Ahead of Hurricane

Oct 08, 2018

Energy companies on Monday halted nearly a fifth of Gulf of Mexico oil production and evacuated staff from 10 platforms as Hurricane Michael intensified and headed for a path up the eastern U.S. part of the Gulf.BHP Billiton, BP, Equinor and…

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