Author Archive: Admin

The Louisiana Oil & Gas Association (known before 2006 as LIOGA) was organized in 1992 to represent the Independent and service sectors of the oil and gas industry in Louisiana; this representation includes exploration, production and oilfield services. Our primary goal is to provide our industry with a working environment that will enhance the industry. LOGA services its membership by creating incentives for Louisiana’s oil & gas industry, warding off tax increases, changing existing burdensome regulations, and educating the public and government of the importance of the oil and gas industry in the state of Louisiana.

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NYK concludes long-term charter agreement for 3 LNG carriers with MC in Singpore

NYK concludes long-term charter agreement for 3 LNG carriers with MC in Singpore

NYK signed long-term contracts with Diamond Gas International Pte Ltd (DGI), a wholly owned subsidiary of Mitsubishi Corporation (MC) located in Singapore, for DGI to charter from NYK three newly built liquefied natural gas (LNG) carriers. Previously, NYK concluded long-term time-charter contracts for three new LNG vessels for MC’s Cameron LNG project, so these most […]

By December 13, 2018 0 Comments Read More →
Last Week, The U.S. Ended Its Reliance On Foreign Oil

Last Week, The U.S. Ended Its Reliance On Foreign Oil

For the first time in 75 years, the U.S. became a net exporter of oil last week. From Bloomberg: The shift to net exports caps a tumultuous week for energy markets and politics. OPEC and its allies are meeting in Vienna this week, trying to make a tough choice whether to cut output and support […]

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Oil Tanker Owners Find Solace in Shale as OPEC Readies Cuts

America’s shale boom could be about to spare the world’s oil tanker owners from a typical OPEC ravaging. The producer group and allies decided on Dec. 7 to restrict output from the start of next year by about 1.2 million barrels a day, adding to deeper cuts two years earlier. Under normal circumstances, that would […]

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Oil slips again amid doubts that OPEC+ curbs will avert surplus

Oil fell for a second day as the International Energy Agency said its too early to tell whether output cuts by OPEC and its allies will prevent a surplus, echoing a similar outlook by the producer group itself. Futures in New York slipped 0.5 percent after sliding 1 percent in the previous session. While the […]

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Hess Sees Oil Output Growing Driven By Bakken, Offshore Guyana Projects

U.S. oil and gas producer Hess Corp. (NYSE: HES) said Dec. 12 it expects output of barrels of oil equivalent to grow more than 10% per year compounded through 2025, citing higher growth opportunities at its Bakken shale and offshore Guyana projects. Hess projects higher margins will drive compound annual cash flow growth of 20% […]

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Natural Gas Price Forecast – natural gas markets break major triangle

Natural gas markets have broken down significantly during the trading session on Wednesday, breaking through the bottom part of a descending triangle. That’s a very negative sign, and I think it’s only a matter of time before we see a move towards the $4.00 level, an area that is massive support. It’s also supported by the […]

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Iran to see if CNPC breaks giant gas field accords

Iranian officials said they will determine whether China’s CNPC breaks accords related to development of part of the world’s natural gas field in a project known as South Pars phase 11, and added that the country intends to stay in OPEC. “We will make a decision based on regulations if it happens,” Iranian Oil Minister […]

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Multipolar World Order In The Making: Qatar Dumps OPEC

The decision by Qatar to abandon OPEC threatens to redefine the global energy market, especially in light of Saudi Arabia’s growing difficulties and the growing influence of the Russian Federation in the OPEC+ mechanism. In a surprising statement, Qatari energy minister Saad al-Kaabi warned OPEC on Monday December 3 that his country had sent all the necessary documentation to start […]

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Company won’t sue Louisiana over voided voting machine deal

The company whose multimillion-dollar contract award to replace Louisiana’s voting machines was scrapped said Wednesday it won’t sue over the cancellation. But the avoidance of litigation won’t immediately restart the state’s stalled work to update its decades-old voting system. Gov. John Bel Edwards’ administration voided the contract deal with Dominion Voting Systems in October, with […]

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VENABLE: Louisiana Is Once Again One Of America’s Judicial Hellholes

For the ninth consecutive year, Louisiana has been named one of the nation’s Judicial Hellholes® by the American Tort Reform Foundation. The organization’s annual report spotlights the worst legal climates in the country. This year, Louisiana moved up three spots in the rankings from number eight to five. Why is it the Pelican State seems […]

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