Texas

Sempra Green Lights Port Arthur LNG in Second U.S. FID This Month

Sempra Green Lights Port Arthur LNG in Second U.S. FID This Month

Sempra on Monday gave the green light to the first phase of the $13 billion Port Arthur LNG export project in Texas, announcing a positive final investment decision (FID) for the facility and closing the necessary financing to move ahead. The company said it also issued a final notice to proceed with the project to…

March 20, 2023
Texas Natural Gas, Oil Employment Continues Rally as ‘Strong Demand for Talent’ Still Seen

Texas Natural Gas, Oil Employment Continues Rally as ‘Strong Demand for Talent’ Still Seen

Upstream oil and natural gas employment in Texas rose by 13.7% year/year in January to a total of 198,100 jobs, according to the Texas Independent Producers and Royalty Owners Association (TIPRO). The figure was up by 1,700 jobs versus December 2022, the group said, citing data from the U.S. Bureau of Labor Statistics (BLS). The…

March 15, 2023
Pioneer’s Sheffield Predicting $90 to $100 Oil Price by Early Summer

Pioneer’s Sheffield Predicting $90 to $100 Oil Price by Early Summer

Pioneer Natural Resources Co. CEO Scott Sheffield expressed a bullish oil price outlook on Thursday (Feb. 23) during the company’s fourth quarter earnings call. Irving, TX-based Pioneer is the largest producer in the Permian Basin, with operations focused on the Midland sub-basin. “We remain highly constructive on oil prices,” Sheffield told analysts. “I’m still very…

February 27, 2023
Freeport LNG Cleared to Restart Commercial Operations Eight Months After Explosion

Freeport LNG Cleared to Restart Commercial Operations Eight Months After Explosion

Freeport LNG Development LP on Tuesday won approval from federal regulators to restart commercial operations and said it would ramp up to 2 Bcf/d of production, enough to meet its long-term contracts in the coming weeks.  The Federal Energy Regulatory Commission authorized full service to resume on two liquefaction trains eight months after an explosion…

February 21, 2023
Natural Gas Storage Said ‘National Security Issue’ in Mexico

Natural Gas Storage Said ‘National Security Issue’ in Mexico

The lack of available storage options for natural gas and fuels continues to challenge the Mexican energy industry, leaving the country vulnerable in the event of supply interruptions, such as aberrational weather or unforeseen outages, executives said last week. Speaking at the 8th Mexico Infrastructure Projects Forum in Monterrey, stakeholders  in Mexico’s government and private…

February 6, 2023
Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected

Texas Broke Natural Gas Production Record in 2022, with Further Growth Expected

Texas produced 11.2 Tcf of natural gas last year, a new record, according to the Texas Independent Producers and Royalty Owners Association (TIPRO). Natural gas production in Texas dwarfed other states. Pennsylvania at 7.6 Tcf was the second highest producer in 2022, followed by Alaska (3.6 Tcf), Louisiana (3.6 Tcf) and Oklahoma (2.7 Tcf). In…

January 30, 2023
Freeport LNG Seeks Approval to Begin Restart of 2.38 Bcf/d Facility

Freeport LNG Seeks Approval to Begin Restart of 2.38 Bcf/d Facility

After months of repair work and documentation, Freeport LNG Development LP has formally asked federal regulators to allow preliminary work to restart the 2.38 Bcf/d terminal, according to FERC filings. Federal Energy Regulatory Commission staff published Monday a request submitted by the Houston-based company requesting permission to begin reintroducing liquefied natural gas through its Loop…

January 23, 2023
Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming

Lower 48 Natural Gas, Oil Permitting Rebounds in December, Led by Texas and Wyoming

U.S. natural gas and oil drilling permit activity ended the year surpassing expectations, climbing 13% in December or up by 389 permits from November, according to Evercore ISI. The energy analyst team led by James West compiles domestic permitting figures using state and federal data. Lower 48 permits often are issued three to six months…

January 18, 2023
Water Permit Challenge Against Rio Grande LNG, Pipeline Project Tossed

Water Permit Challenge Against Rio Grande LNG, Pipeline Project Tossed

Work for the Rio Grande LNG terminal and related Rio Bravo Pipeline proposed by NextDecade Corp. in South Texas may proceed after a challenge against the water permits was dismissed. The U.S. Circuit Court of Appeals for the Fifth Circuit last Thursday said a claim brought by a Rio Grande Valley fishermen association and environmental…

January 9, 2023
FERC, NERC and Texas RRC Probing Power Systems Issues Following Winter Storm Elliott

FERC, NERC and Texas RRC Probing Power Systems Issues Following Winter Storm Elliott

Federal energy regulators have launched an inquiry into bulk power systems operations during the extreme weather conditions wrought by Winter Storm Elliott.  FERC, the North American Electric Reliability Corporation (NERC) and NERC’s regional entities said the joint inquiry would review the “severe cold weather” over the Christmas weekend that “contributed to power outages affecting millions…

December 29, 2022
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