Exxonmobil

A day after ExxonMobil confirmed that it will sell or cancel its Vista del Sol LNG import project near Corpus Christi, TX, (see Daily GPI, Aug. 22), BP said Tuesday it has put its Bay Crossing LNG project, planned for Pelican Island in Galveston, TX, indefinitely on hold.

Sonangol, Chevron, BP, ExxonMobil and Total, joint venture partners in the Angola LNG Project, said they have agreed to initiate a period of exclusive negotiations with Gulf LNG, developer of the Clean Energy regasification facility near Pascagoula, MS, regarding a terminal use agreement, based on their submission during a competitive bid process. The successful negotiation of this agreement will allow for 100% of the LNG produced by the Angola LNG project to be received at the Mississippi regasification facility.

The big three North Slope producers — BP plc, ExxonMobil Corp. and ConocoPhillips — may only grudgingly approve of the proposed revamp of Alaska’s oil and natural gas tax system, but independents, including Anadarko Petroleum Corp. and Pioneer Natural Resources Corp., are more enthusiastic, executives said last week. The state legislature is conducting hearings on the proposal, which is tied into a tentative deal struck with Gov. Frank Murkowski’s office last month on the long-awaited gas pipeline project.

The big three North Slope producers — BP plc, ExxonMobil Corp. and ConocoPhillips — may only grudgingly approve of the proposed revamping of Alaska’s oil and natural gas tax system, but independents, including Anadarko Petroleum Corp. and Pioneer Natural Resources Corp., are a lot more enthusiastic, executives said this week. The state legislature is conducting hearings on the proposal, which is tied into a tentative deal struck with Gov. Frank Murkowski’s office last month on the long-awaited gas pipeline project.

In the report on the ExxonMobil global energy forecast in Daily GPI’s, Dec. 14 edition, inaccurate figures were reported in the second paragraph: World natural gas use is projected to increase from about 290 Bcf/d today to nearly 440 Bcf/d by 2030.

BP, ExxonMobil and ConocoPhillips have delivered a fiscal contract proposal to the Alaska governor on development and market delivery of Alaska natural gas production, agreeing to the basic terms Alaska Gov. Frank Murkowski laid out two weeks ago for construction of the $20 billion pipeline project from the North Slope of Alaska to the Lower 48 states, a spokesman for the governor told NGI.

Alaska Gov. Frank Murkowski met face to face Wednesday in Houston with the CEOs of the three big North Slope producers — BP, ExxonMobil and ConocoPhillips — to negotiate terms of a North Slope natural gas pipeline contract, which he wants in place by this fall.

ExxonMobil Corp., Royal Dutch Shell plc and Marathon Oil Co., along with independents Apache Corp. and EnCana Corp. all reported soaring second quarter profits as expected on Thursday. However, North American gas production continued to be a mixed bag, with a few surprises.

The Department of Interior has said that FERC, in its draft environmental impact statement (DEIS) on ExxonMobil Corp.’s proposed 2 Bcf/d Golden Pass liquefied natural gas (LNG) terminal and associated gas pipeline along the Gulf Coast, failed to adequately assess the project’s impact on endangered species and wetlands.