Operators were scheduling reconnaissance flights over the more than 300 offshore oil and gas platforms and drilling rigs prior to Hurricane Laura reaching the Gulf of Mexico oil fields.
Oil producers on Aug. 25 had evacuated 310 offshore facilities and shut 1.56 million bbl/d of crude output, 84% of Gulf of Mexico's offshore production, near the 90% outage that Katrina brought 15 years ago.
Cheniere Energy said Aug. 25 it temporarily suspended operations and evacuated personnel at its Sabine Pass, in Louisiana near the border with Texas, is the biggest LNG export plant in the U.S.
Oil and gas firms had shut wells in the U.S. Gulf of Mexico accounting for 1 million bbl/d of oil on Aug. 23, as one storm is forecast to become a damaging Category 2 hurricane.
Front-month gas futures rose 7.3 cents, or 3.4%, to settle at $2.238 per million British thermal units, their highest close since Dec. 26.
Kicked out of the club in 2012, the Haynesville was resurrected beginning in 2017 to take on the mighty Marcellus in metrics, aided by a proximity-to-market kicker. Now, it’s taking on oil basins at the IRR weigh-in.
Natural gas will fuel power generation for years to come, says Dominion Energy even as it sells its gas business to Warren Buffet’s Berkshire Hathaway in a transaction worth nearly $10 billion.
India's top gas importer, Petronet LNG, renewed a deal to give the parties more time to finalize an investment in Tellurian's Driftwood export project in Louisiana.
Chevron CEO Mike Wirth provides four takeaways from the supermajor’s offer to buy Noble Energy in a deal worth $13 billion, including debt.
Mike Wirth, the CEO of U.S. oil giant Chevron Corp., on July 20 said the uncertainty of the COVID-19 pandemic has it planning for "choppy" oil prices and economic activity globally.