Embattled

The U.S. Coast Guard delivered another blow last week to the embattled Weaver’s Cove Energy liquefied natural gas (LNG) terminal project, saying its proposal to use smaller LNG tankers was incompatible with the waterway near the proposed site in Fall River, MA.

The departure of embattled Minerals Management Service (MMS) Director Johnnie Burton (see Daily GPI, May 9) is a good first step, but much more needs to be done to improve the integrity of the agency, said a Washington, DC-based independent watchdog group.

The Interior Department inspector general said Friday his office is exploring the idea of taking over from the embattled Minerals Management Service (MMS) the auditing of offshore oil and natural gas royalties that are paid to the federal government. The MMS has been under constant attack for a year for its failure to collect billions of dollars of royalties that are owed by producers.

The veteran liquefied natural gas (LNG) executive behind the embattled Weaver’s Cove terminal project in Fall River, MA, told a Houston audience Tuesday that despite community opposition the project will begin construction in nine to 12 months. Additionally, Hess LNG CEO Gordon Shearer said the modestly sized (400 MMcf/d) terminal will secure LNG supplies where others have failed.

The veteran liquefied natural gas (LNG) executive behind the embattled Weaver’s Cove terminal project in Fall River, MA, told a Houston audience Tuesday that despite community opposition the project will begin construction in nine to 12 months. Additionally, Hess LNG CEO Gordon Shearer said the modestly sized (400 MMcf/d) terminal will secure LNG supplies where others have failed.

The embattled Weaver’s Cove liquefied natural gas (LNG) import terminal project became the target Friday of another legal maneuver to block the construction of the proposed facility in Fall River, MA.

The embattled Royal Dutch/Shell Group said last Thursday its exploration business will take a charge to earnings of about $330 million after tax in the second quarter, and that its oil product division sold its Midwest refined product pipeline system and storage assets in the United States for $530 million.

The embattled Royal Dutch/Shell Group said Thursday it will take a charge to earnings of about $330 million after tax in the second quarter and has sold its Midwest refined product pipeline system and storage assets in the United States for $530 million.

Embattled El Paso Corp. said last Tuesday it received waivers from lenders on its $3 billion revolving credit facility in order to deal with potential issues arising from the company’s major downward adjustment to its oil and natural gas reserves.