Tag / Gulf



ExxonMobil Bringing It Home, With $20B Targeting Gulf Coast Expansions

ExxonMobil Bringing It Home, With $20B Targeting Gulf Coast Expansions

ExxonMobil Corp., which last week said it would move more global investment to the U.S. onshore, on Monday unveiled a $20 billion plan to expand manufacturing capacity along the Gulf Coast, fueled by domestic natural gas and oil.

March 7, 2017

Four Houston Independents Band Together to Promote GOM Oil, NatGas Exploration

Four Houston-based Gulf of Mexico independent producers that have launched a coalition to support oil and natural gas extraction, initially plan to oppose federal regulations covering financial assurances on how offshore infrastructure is decommissioned.

November 23, 2016

Bullish Prospects Surround American Midstream Gulf Coast-Based Merger, CEO Says

Fortifying its onshore assets with an offshore stake in the Gulf of Mexico (GOM), Houston-based American Midstream Partners LP anticipates a successful merger with JP Energy Partners LP and more growth to follow, American Midstream CEO Lynn Bourdon told analysts Tuesday on a 3Q2016 earnings conference call.

November 9, 2016

Brief — Schlumberger

Schlumberger Ltd.is collaborating with a subsidiary of Malaysia’s state-owned Petroliam Nasional Berhad (Petronas) on a deepwater multi-client survey in Mexico’s Campeche Basin in the southern Gulf of Mexico. The agreement would license to Petronas part of a wide-azimuth survey conducted by Schlumberger’s seismic business, WesternGeco. The project, Schlumberger said, follows the Mexican government’s decision to license offshore and onshore areas to private entities (see Daily GPI, Sept. 12). More than 80,000 square kilometers, or close to 31,000 square miles, of data have been acquired in the southern Gulf over the last 12 months, the oilfield services operator said.

September 22, 2016

Traders Mull Gulf Shut-Ins; October Seen 2 Cents Higher

October natural gas is set to open 2 cents higher Wednesday morning at $2.85 as traders factor in production losses resulting from weather-driven Gulf of Mexico shut-ins. Overnight oil markets fell.

August 31, 2016

NatGas Cash Steady, But Futures Beat A Retreat

Natural gas for Wednesday delivery moved little in Tuesday’s trading as the majority of market points scored modest gains of a few pennies, but a few eastern points scored double digit losses.

August 30, 2016

Brief — Gulf South Pipeline Co.

Staff of the Federal Energy Regulatory Commission will prepare an environmental assessment (EA) for Gulf South Pipeline Co.’s proposed St. Charles Parish Expansion Project in Louisiana, according to documents filed at the Commission Wednesday [CP16-478]. Gulf South has proposed construction of a new 5,000 hp compressor station near Montz, LA, about 900 feet of new 16-inch diameter pipeline connecting the new compressor station to Gulf South’s existing Index 270-94 Lateral in St. Charles Parish, and auxiliary facilities. The completed project would provide 133,333 Dth/d to serve Entergy Louisiana LLC’s proposed natural gas-fired power plant facility near Montz. Assuming regulatory approvals, Gulf South plans to begin construction in the Fall of 2017 and place the facilities in service by Sept. 1, 2018. The Commission will accept comments on the project through Sept. 23.

August 25, 2016

Transco Project Would Serve Gulf Coast LNG Terminals

Williams’ Transcontinental Gas Pipe Line Co. LLC (Transco) has filed at FERC for its Gulf Connector Project, a two-phase expansion of the pipeline’s system in Texas and Louisiana. Capacity would be used to deliver natural gas to two Gulf Coast liquefied natural gas (LNG) terminals.

August 19, 2016

Market Continues to Fret Over Expected Warmth, Lost Production; August Called Up 6 Cents

August natural gas is set to open 6 cents higher Wednesday morning at $2.95 as overall weather forecasts continue with their outlook for increased warmth and the return of lost Gulf production remains uncertain. Overnight oil markets were mixed.

June 29, 2016

FERC Staff to Prepare EIS For Columbia’s Gulf XPress

FERC Staff will prepare an environmental impact statement (EIS) for Columbia Pipeline Group’s (CPGX) Gulf XPress (GXP) pipeline project, which would provide additional takeaway capacity from the Appalachian Basin.

June 3, 2016