Cancel

NextDecade Corp. has dropped plans for a liquefied natural gas (LNG) export terminal on the Texas City Ship Channel, saying the site is partially under the control of the federal government and not suitable for the project.  The U.S. Army Corps of Engineers advised the company that a portion of the proposed Galveston Bay LNG…

New Fortress Energy LLC (NFE) has canceled liquefied natural gas (LNG) cargoes it contracted to receive for the remainder of the year in exchange for a payment of $105 million to supplier Centrica LNG Co. Ltd.  The move comes as LNG prices have fallen precipitously, or by 85% over the last year and a half,…

The Department of Interior on Wednesday reached a milestone settlement with Devon Energy Corp. to cancel 15 oil and natural gas leases in northwest Montana, an area considered sacred by the Blackfeet Tribe.

A write-down on U.S. natural gas resources, a decision to cancel a flagship drilling project offshore Alaska, and the continuing impact of the Macondo well blowout pummeled BP plc’s profits in the second quarter.

ExxonMobil Corp. has settled a lawsuit against the Department of Interior for the government’s decision to cancel Gulf of Mexico (GOM) offshore leases that could yield “billions of barrels of oil.”

FERC last Thursday approved Distrigas of Massachusetts LLC’s (DOMAC) application to abandon its services provided under Section 7 of the Natural Gas Act (NGA) and to cancel the company gas tariff, including all rate schedules. By eliminating the tariff, DOMAC would be able to charge market-responsive prices for sales of vaporized liquefied natural gas (LNG) under Section 3, enabling it to more effectively compete with other gas suppliers in the Northeast market [CP08-49].

FERC Thursday approved Distrigas of Massachusetts LLC’s (DOMAC) application to abandon its services provided under Section 7 of the Natural Gas Act (NGA) and to cancel the company gas tariff, including all rate schedules. By eliminating the tariff, DOMAC would be able to charge market-responsive prices for sales of vaporized liquefied natural gas (LNG) under Section 3, enabling it to more effectively compete with other gas suppliers in the Northeast market [CP08-49].

The future of the Gros Cacouna liquefied natural gas (LNG) terminal in Quebec has been cast into doubt by a decision by OAO Gazprom to cancel what would have been the terminal’s key source of LNG.

The future of the Gros Cacouna liquefied natural gas (LNG) terminal in Quebec has been cast into doubt by a decision by OAO Gazprom to cancel what would have been the terminal’s key source of LNG.