Strike

Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Fading Threat of Railroad Strike Seen Driving Early Natural Gas Sell-Off

Natural gas futures reversed sharply lower early Thursday as reports of a tentative labor agreement removed the looming threat of major rail system disruptions. After jumping 83.0 cents higher in the previous session, the October Nymex contract was off 55.5 cents to $8.559/MMBtu at around 8:50 a.m. ET. The steep sell-off came amid reports early…

September 15, 2022
Shell to Shutter All Prelude FLNG Cargoes as Union Dispute Rages

Shell to Shutter All Prelude FLNG Cargoes as Union Dispute Rages

Shell plc is shuttering the 3.6 million metric tons/year Prelude floating liquefied natural gas (FLNG) export facility offshore Western Australia, as union workers overwhelmingly rejected the London-based major’s latest offer to improve pay and working conditions.  The Offshore Alliance union told Shell that workers planned to ban mooring tankers alongside the FLNG facility, preventing the…

July 11, 2022
Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

Prelude FLNG Cancels Cargo Deliveries Amid Union Strike

The Prelude floating liquefied natural gas (LNG) export facility offshore Western Australia has canceled cargo deliveries through mid-July as labor unions representing workers on the vessel initiate work stoppages. Shell plc told multiple news outlets this week that it has notified customers of the cancellations, citing the impacts of a strike that started on June…

June 29, 2022

Sentinel ‘Striking’ Deal to Build Out U.S. Pipeline Services Giant

Houston-based Sentinel Energy Services Inc., launched last year by Schlumberger Ltd.’s former CEO and a top lieutenant, laid plans Friday to take over North American pipeline services company Strike LLC in a merger valued at $854 million.

October 19, 2018
West Virginia Governor Reverses Position, Would Sign Co-Tenancy Legislation If Passed

West Virginia Governor Reverses Position, Would Sign Co-Tenancy Legislation If Passed

In what’s been a stressful week for supporters of a delicate proposal to help West Virginia natural gas producers develop larger tracts of land with co-tenancy legislation, Republican Gov. Jim Justice backed off threats that he would veto the legislation unless the industry agreed to a higher severance tax rate.

February 28, 2018

Freeport LNG Strikes Two Asian Supply Agreements

Freeport LNG Expansion LP has struck two binding 20-year liquefaction tolling agreements (LTA) for its proposed natural gas liquefaction and loading facility on Quintana Island near Freeport, TX. The separate agreements are with SK E&S LNG LLC (SK) and Toshiba Corp., each for a base quantity of 2.2. million tons per annum (mtpa).

September 10, 2013

TEPCO Plans Henry-Linked LNG Supply

Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said last week. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.

February 11, 2013

Tokyo Electric Buying LNG at Henry Hub Index

Tokyo Electric Power Co. (TEPCO) is about to strike its first-ever long-term contract for liquefied natural gas (LNG) supply indexed to the Henry Hub, the Japanese utility said Wednesday. TEPCO has been in talks with Mitsui & Co. Ltd. and Mitsubishi Corp. to acquire LNG from Sempra Energy’s Cameron LNG terminal in Louisiana.

February 8, 2013

Energy Department Hit by Hackers

A “cyber incident” at Department of Energy (DOE) headquarters in Washington, DC, in mid-January targeted the agency’s network “and resulted in the unauthorized disclosure of employee and contractor” information.

February 5, 2013

Atlas Resources Buys Another Big Barnett Asset

Atlas Resources Partners LP (ARP) has made a friendly deal to take over privately held Barnett Shale operator Titan Operating LLC for $184 million, giving the Philadelphia-based operator another big natural gas liquids (NGL) lift in the heart of Texas.

May 21, 2012
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