Cheniere Energy turns first quarterly profit with LNG exports

Cheniere Energy turns first quarterly profit with LNG exports

Exporting liquefied natural gas is officially profitable for the first time, Houston’s Cheniere Energy reported Tuesday. After becoming the first U.S. company to begin exporting LNG early last year, Cheniere on Tuesday reported its first quarterly profit now that revenue is streaming in regularly. Cheniere posted a $110 million fourth-quarter profit, compared with a $291 million […]

By February 28, 2017 0 Comments Read More →
Gulf rig count remains steady

Gulf rig count remains steady

The Gulf of Mexico rig count remained steady last week as the U.S. count continues to rise. The Gulf rig count, a key barometer for Houma-Thibodaux’s oil-based economy, stood at 17 Friday, according to weekly figures from Houston-based oilfield-services company Baker-Hughes. The count remains the same from last week, but is down 10 from the […]

By February 27, 2017 0 Comments Read More →
As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As Bayou Bridge Pipeline draws protests, northeast Louisiana project moves forward: report

As the emotional fight against the proposed Bayou Bridge Pipeline continues, a planned expansion of a natural gas pipeline in northeast Louisiana is set to begin with barely a word of protest. Work on the $170 million expansion, known as the Southwest Louisiana Supply Project, is set to begin as soon as March 1, according […]

By February 24, 2017 0 Comments Read More →
Groundhog Day: Louisiana’s Endless Budget Battle

Groundhog Day: Louisiana’s Endless Budget Battle

Well, it’s a new year here in Louisiana, but not much has changed. A new year means another budget deficit, which means yet another legislative rumpus over who and or what will foot the bill. Last year it was approximately a $940 million budget shortfall. This year it is a $304 million mid-year deficit, and […]

By February 23, 2017 0 Comments Read More →
Briggs: Trump assembles the oil and gas dream team

Briggs: Trump assembles the oil and gas dream team

The 45th president has officially taken office, and now he begins the task of fulfilling the many promises made during his campaign to put American energy first. Everyone is keeping a close eye on the new administration and what it means for the oil and gas industry. Trump’s first days have offered some sense of […]

By February 14, 2017 0 Comments Read More →
BRIGGS: Pipelines, Trains And Automobiles

BRIGGS: Pipelines, Trains And Automobiles

First it was Keystone, then it was Dakota. One pipeline after the next has become the focal point of environmental and anti-fossil fuel organizations across the nation. The bad news is that this fight has found its way to our very own backyards of south Louisiana over the Bayou Bridge Pipeline. These out of state […]

Iran describes OPEC compliance with oil cuts as ‘acceptable’

OPEC’s level of compliance with production cuts in January has been acceptable, Iran’s oil minister said on Monday, expressing hope for further cooperation from non-OPEC members in the near future. The Organization of the Petroleum Exporting Countries agreed on Nov. 30 to cut output by 1.2 million bpd to 32.5 million bpd for the first […]

By February 28, 2017 0 Comments Read More →

Oil prices fall as rising US output offsets OPEC cuts

Global oil prices dipped on Tuesday but continued to trade in a tight range, with OPEC-led output cuts offset by increasing crude production from the United States. The Organization of the Petroleum Exporting Countries has so far surprised the market by showing record compliance with oil-output curbs, and could improve in coming months as the biggest laggards […]

By February 28, 2017 0 Comments Read More →

Exclusive: Saudi Arabia wants oil prices to rise to around $60 in 2017 – sources

Saudi Arabia wants crude oil prices to rise to around $60 a barrel this year, five sources from OPEC countries and the oil industry said. This is the level the OPEC heavyweight and its Gulf allies – the United Arab Emirates, Kuwait and Qatar – believe would encourage investment in new fields but not lead […]

By February 28, 2017 0 Comments Read More →

Energy XXI Gulf Coast Announces Commencement of Trading on the Nasdaq Global Select Market

This post was originally published on this siteHOUSTON, Feb. 28, 2017 (GLOBE NEWSWIRE) — Energy XXI Gulf Coast, Inc. (“EGC” or the “Company”) (NASDAQ:EXXI) announced today that the Company’s common stock will commence trading today on the NASDAQ under the trading symbol “EXXI”.  Upon commencement of trading on the NASDAQ Global Select Market, the Company’s […]

By February 28, 2017 Read More →

Martin Midstream Partners L.P. Announces 2016 K-1 Tax Packages Now Available

This post was originally published on this siteKILGORE, Texas, Feb. 27, 2017 (GLOBE NEWSWIRE) — Martin Midstream Partners L.P. (NASDAQ:MMLP) (the “Partnership”) announced today that the Partnership’s 2016 tax packages, which includes Schedule K-1, are now available to download from the Partnership’s website and may be accessed at https://www.taxpackagesupport.com/martinmidstream. The Partnership will begin mailing the […]

By February 27, 2017 Read More →

TransAtlantic Petroleum Announces Closing of TBNG Sale and Presentation at EnerCom Dallas

This post was originally published on this siteHAMILTON, Bermuda, Feb. 24, 2017 (GLOBE NEWSWIRE) — TransAtlantic Petroleum Ltd. (TSX:TNP) (NYSE-MKT:TAT) (the “Company” or “TransAtlantic”) today announced the closing of the sale of its wholly-owned subsidiary, Thrace Basin Natural Gas (Turkiye) Corporation (“TBNG”), to Valeura Energy Netherlands B.V. (“Valeura”).  The Company also announced that it will […]

By February 24, 2017 Read More →

Other Recent Articles

Oil price, Premier, Roxi, Union Jack, And finally…

Still stuck in a narrow trading range, both WTI and Brent rose by 21 cents last week. Friday might have been a lot better if London traders hadnt been suffering from the after effects of the IP dinner, but the boys in long trousers go and and do the Scottish Oil Clubs event on Friday […]

By February 28, 2017 0 Comments Read More →

Global oil prices broadly flat, in tight range

Global oil prices were broadly flat on Tuesday, continuing to trade in a tight range with OPEC’s bullish production cuts offset by increasing crude production from the United States. The Organization of the Petroleum Exporting Countries has so far surprised the market by showing record compliance with oil-output curbs, and could improve in coming months […]

By February 28, 2017 0 Comments Read More →

Aramco’s Malaysia deal gives Saudis upper hand in fight for Asia oil share

Top global oil exporter Saudi Arabia broke from the pack in the race to lock up Asian market share after agreeing on Tuesday to pump $7 billion into a refinery-petrochemical complex in Malaysia, analysts said. State oil giant Saudi Aramco’s investment into Malaysia’s RAPID project will secure an outlet for its crude oil for at […]

By February 28, 2017 0 Comments Read More →