New Orleans-based McMoRan Exploration Co., which is spending millions in start-up costs to develop the Main Pass Energy Hub (MPEH) to regasify liquefied natural gas (LNG) offshore Louisiana, on Thursday reported 2Q2006 net income of $14.1 million ($0.32/share), compared with a net loss of $16.2 million (minus $0.66) for the same period a year ago. The independent also reported its oil and natural gas output jumped 46% sequentially over 1Q2006.
Regasify
Articles from Regasify
BP Indonesia, Sempra Ink LNG Supply Deal for North Baja Terminal
The future of a major Indonesia to Mexico export-import project to liquify, transport and regasify natural gas for the West Coast of North America seemed assured Tuesday with the signing by Sempra and BP affiliates of a 20-year agreement for gas from the proposed BP Tangguh LNG Project in Indonesia to supply about half of the 1 Bcf/d going into the jointly owned Sempra-Royal Dutch Shell receiving terminal at Costa Azul, Mexico. The project has the blessings of the governments of the United States, Mexico and Indonesia. Shell will be supplying the other half of the gas.
October 13, 2004
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
