Author Archive: Jordan Gleason

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Researchers have been underestimating the cost of wind and solar

How should electricity from wind turbines and solar panels be evaluated? Should it be evaluated as if these devices are stand-alone devices? Or do these devices provide electricity that is of such low quality, because of its intermittency and other factors, that we should recognize the need for supporting services associated with actually putting the […]

Planned Port Cameron facility will announce new tenant for 1.2 million square feet of space

Planned Port Cameron facility will announce new tenant for 1.2 million square feet of space

Port Cameron LLC, a proposed $1.5 billion deepwater energy support complex proposed on the Calcasieu Ship Channel, plans to lease 1.2 million square feet of port space to Peterson Offshore Group. The European energy logistics manager will co-manage the development of the port and also manage logistical operations for the port, its tenants and customers. […]

Monkey Island natural gas export facility hires AECOM to coordinate federal application

Monkey Island natural gas export facility hires AECOM to coordinate federal application

Monkey Island LNG, formerly known as SCT&E LNG, has selected global design-and-build firm AECOM to coordinate the environmental analysis and engineering services for the Federal Energy Regulatory Commission pre-filing review process and application. FERC is the siting and construction authority for Monkey Island, a proposed liquefied natural gas export facility in Cameron Parish. When built the […]

Oil prices will be stuck below $60 through 2020, Credit Suisse forecasts

Analysts once believed an agreement by oil producers to pump less would send crude prices to $60 a barrel in relatively short order. Now, Credit Suisse believes prices won’t even approach that level until 2020. The investment bank on Monday lowered its long-term price forecast for U.S. West Texas Intermediate crude (New York Mercantile Exchange: […]

Oil rises 1 percent after Saudi vows to cap crude exports next month

Oil rose more than 1 percent on Monday, after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut, and Halliburton Co’s (HAL.N) executive chairman said the U.S. shale drilling boom would probably ease next year. Saudi Energy Minister Khalid al-Falih said his country would limit crude […]

Oil extends gains as Saudi pledges export curbs

Oil prices extended gains on Tuesday after Saudi Arabia pledged to curb exports from next month and OPEC called on several members to boost compliance with output cuts to help rein in oversupply and tackle flagging prices. Brent crude futures were up 68 cents at $49.28 a barrel by 1054 GMT. U.S. West Texas Intermediate […]

Nigeria: Opec Caps Nigeria’s Oil Output At 1.8 Million Bpd

The Organization of Petroleum Exporting Countries (OPEC) yesterday approved the capping of Nigerian oil production at 1.8 million barrel per day (bpd). Accordingly, OPEC called on several members to boost compliance with production cuts to help clear excessive global stocks and support flagging prices. A ministerial committee of OPEC and non-OPEC known as the Joint […]

Halliburton Sees Drillers `Tap the Brakes’ on Shale Boom

Halliburton Co., promising to be disciplined in adding more fracking gear to the oilfields, says U.S. explorers are “tapping the brakes” on drilling as the price of oil struggles to breach $50 a barrel. The comments come days after Baker Hughes data found that explorers reduced the number of U.S. rigs for the second time […]

Oil Rises as Saudis Pledge Deep Export Cuts, Shale Boom Slows

Oil rose as Saudi Arabia promised deep cuts to crude exports next month while the U.S. shale boom showed signs of slowing. Futures in New York added 1.8 percent, the biggest gain in almost a week. Saudi Arabia will cap shipments at 6.6 million barrels a day in August, 1 million lower than a year […]

LOUISIANA SPOTLIGHT: GOVERNOR HAS RARE MONTH OF GOOD NEWS

Gov. John Bel Edwards must be wishing that all months could be like this one. After bruising tax and spending battles with state lawmakers earlier this year, the Democratic governor has largely had a stretch of good — or at least less awful — news to talk about since the legislative sessions ended in June. […]