Eventually

Just as they did in the U.S. onshore and in the shallow water of the Gulf of Mexico (GOM), the independents eventually will usurp the majors as the top producers in the deepwater GOM, Noble Energy CEO Chuck Davidson said last week.

Just as they did in the U.S. onshore and in the shallow water of the Gulf of Mexico (GOM), the independents eventually will usurp the majors as the top producers in the deepwater GOM, Noble Energy CEO Chuck Davidson said Monday.

Qatar Petroleum inked several blockbuster liquefied natural gas (LNG) transactions last week involving development of its North Field, which eventually could become the world’s largest LNG supplier.

Qatar Petroleum inked two blockbuster liquefied natural gas (LNG) transactions Sunday and Monday, both involving development of its North Field, which eventually could become the world’s largest LNG supplier. On Sunday, the company signed a $6 billion deal with Royal Dutch/Shell Group for development of another LNG train, and on Monday France’s Total bought a 16.7% stake in the Qatargas II LNG train from partners Qatar Petroleum and ExxonMobil for about $3.5 billion.

Enterprise Products Partners announced Monday that it began receiving the first of what eventually will be very large natural gas and oil production flows from several major deepwater fields in the Gulf of Mexico into the Manta Ray Offshore Gathering System, the Nautilus Gas Pipeline and the recently completed Cameron Highway Oil Pipeline System.

Enterprise Products Partners announced Monday that it began receiving the first of what eventually will be very large natural gas and oil production flows from several major deepwater fields in the Gulf of Mexico into the Manta Ray Offshore Gathering System, the Nautilus Gas Pipeline and the recently completed Cameron Highway Oil Pipeline System.

Noting that it recognizes liquefied natural gas (LNG) as a viable option that eventually could serve parts of the state’s strongly gas-dependent energy market, the California Public Utilities Commission late last Friday filed a request for rehearing of FERC’s March 24 ruling asserting exclusive jurisdiction over a proposed LNG receiving terminal in Long Beach Harbor.

In a clear indication of who will eventually be tapped to assume the role now occupied by popular ExxonMobil Corp. Chairman Lee Raymond, the board of directors on Thursday elected Rex Tillerson president of the corporation effective Monday (March 1). Raymond, 65, will remain chairman and CEO the board said.

In a clear indication of who will eventually be tapped to assume the role now occupied by popular ExxonMobil Corp. Chairman Lee Raymond, the board of directors on Thursday elected Rex Tillerson president of the corporation effective Monday (March 1). Raymond, 65, will remain chairman and CEO, the board said.