The liquefied natural gas (LNG) export project in service on Quintana Island in Texas by Freeport LNG on Monday said it has secured all of the funding needed to add a fourth train.
Articles from Fourth
ACP’s Appalachian Crossing Still in Limbo as Fourth Circuit Denies Rehearing
The U.S. Court of Appeals for the Fourth Circuit late Monday denied an Atlantic Coast Pipeline LLC (ACP) petition to rehear a December ruling that overturned key federal approvals for the project, another legal setback that could see the company take its case to the U.S. Supreme Court.
SM Energy ‘Shrinking to Grow’ This Year
On Thursday, Jay Ottoson, CEO of Denver-based SM Energy Co., said that following a transformative 2016, the independent producer will “shrink to grow” this year.
Rex Energy Production Flat as Company Works Toward Growth
Rex Energy Corp. finished the fourth quarter within guidance but saw its production remain flat both sequentially and year/year as it works to finish drilling to hold core acreage in Ohio and Western Pennsylvania ahead of plans for growth over the next two years.
Same Counties, Operators Drove Ohio’s Triple-Digit Shale Growth in 2015
Ohio’s unconventional oil and natural gas production skyrocketed in 2015, with each growing by about 100% from 2014 levels. An analysis of the data shows that many of the same operators and counties continue to push those volumes higher.
Chevron Reports First Quarterly Loss Since 2002; U.S. Unit Loses $1.95B
Chevron Corp. surprised Wall Street on Friday with a quarterly loss, its first in 13 years, after the upstream arm was crushed by falling commodity prices.
Not ‘Business as Usual,’ But Enterprise Reports Profitable 4Q
Enterprise Products Partners LP was able to hold its own during a fourth quarter that was anything but business as usual with regard to commodity prices.
Many U.S. E&Ps Taking Extended Break at Thanksgiving, Says Fairmount CEO
Many U.S. exploration and production (E&P) companies may take a longer holiday break than usual this year, halting work crews beginning the week of Thanksgiving through New Year’s Day, leading to more distress in the oilfield services industry, Fairmount Santrol Inc.’s CEO said Thursday.
KMI Weathers Commodity Downturn as CEO Change Approaches
Kinder Morgan Inc.’s (KMI) largely fee-based businesses continued to weather the storm of lower commodity prices during the fourth quarter, CEO Rich Kinder said Wednesday during an analyst briefing in which he announced that he will be leaving the CEO post June 1.
Oilfield Services Provider Tesco Expects Pinch in 4Q2014, 2015
Tesco Corp., an oilfield services company based in Houston, said the collapse of world oil prices has caused several of its customers to either delay or cancel requests for its services, and it warned that its financial results for 4Q2014 and the full-year 2015 will be affected.