The U.S. Department of Energy (DOE) has granted ConocoPhillips Alaska Natural Gas Corp. (CPANGC) authorization to export liquefied natural gas (LNG) from its facility on the Kenai Peninsula to countries that are parties to free trade agreements (FTA) with the United States.
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Appeals Court Sides With Dominion on Cove Point Exports
The Maryland Court of Special Appeals last Friday handed backers of the Dominion Cove Point liquefied natural gas (LNG) export project another victory in their battle with environmentalists.
March 3, 2014
Japanese Customers Taking Equity Stake in Freeport LNG
Major Japanese liquefied natural gas (LNG) buyers Osaka Gas Co. Ltd. and Chubu Electric Power Co. Inc. have agreed to put up $1.2 billion of equity funding for Freeport LNG Expansion LP’s liquefaction and loading facility on Quintana Island near Freeport, TX. Both companies previously signed tolling agreements with Freeport.
February 28, 2014
Texas Operators Remained Focused on Completions in January
Crude oil and natural gas production in Texas both showed gains in December from year-ago levels, and 2013 production of oil was up significantly while natural gas production declined from 2012 levels, according to preliminary data from the Railroad Commission of Texas (RRC).
February 28, 2014
Old Fayetteville Still Faithful to Southwestern; Marcellus Blooms
Nearly 10 years on and after 3 Tcf of cumulative operated production, the Fayetteville Shale is still setting records for the play’s pioneer, Southwestern Energy Co. Meanwhile, Marcellus Shale activity last year drove overall company production to record levels.
February 28, 2014
Halcon Joins TMS Flock
While raising estimated ultimate recoveries (EUR) in its Williston Basin and East Texas Eagle Ford plays Houston-based Halcon Resources Corp. has added the Tuscaloosa Marine Shale (TMS) as a third core area.
February 27, 2014
Williston Wells Work Better with Slickwater, Halcon Finds
Houston-based Halcon Resources Corp. has raised estimated ultimate recoveries (EUR) in its Williston Basin and East Texas Eagle Ford plays through increase drilling and completion efficiencies, particularly slickwater fracks, executives said Thursday.
February 27, 2014
Forest Oil Trips On Faulting in Eagle Ford
Shares of Denver-based Forest Oil Corp. lost nearly 38% of their value Wednesday after the company said it was deferring drilling in the Eagle Ford Shale while it mulls 3D seismic data and evaluates recent well completion designs due to poor well performance. Capital is to be redirected from the South Texas play to liquids-rich opportunities in the Ark-La-Tex.
February 26, 2014
Rosetta Plying Permian, Has Plenty Left to Do at Gates Ranch
Rosetta Resources Inc. entered the Permian Basin almost a year ago, and growing production there and from its substantial Eagle Ford Shale holdings lifted the company’s fourth quarter production to a new record.
February 25, 2014
With Energy Reforms, ‘Mexico Is Back,’ Says Former President
The management and governance of Mexico national oil company Petroleos Mexicanos (Pemex) is going to “change dramatically” as a new era of transparency and accountability is ushered in by reforms adopted late last year to open the company’s energy sector to outside investment, former Mexican president Vincente Fox said during a conference call Tuesday.
February 25, 2014