LOGA News

QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy

QEP Resources Exits Haynesville In $735 Million Sale To Aethon Energy

QEP Resources Inc. (NYSE: QEP) said Nov. 19 it will exit the Haynesville Shale region in a divestiture set to finalize the company’s Permian pure-play strategy. Aethon III, an affiliate of Dallas-based private investment firm Aethon Energy Management LLC, agreed to buy QEP’s Haynesville/Cotton Valley business in northwest Louisiana for $735 million. Aethon III is an […]

By November 20, 2018 0 Comments Read More →
UAE-based Tristar targets US shale oil with new crude oil terminal in Louisiana

UAE-based Tristar targets US shale oil with new crude oil terminal in Louisiana

Dubai-based Tristar Group has acquired a 300,000 barrel crude oil terminal that feeds into the deep water port of Louisiana in the Gulf of Mexico. The Canal Crude Oil Terminal is within the Louisiana Offshore Oil Port (LOOP), a deep-water port in the Gulf of Mexico off the coast of Louisiana. It is the only […]

By November 19, 2018 0 Comments Read More →
2019 Gulf Coast Energy Outlook: Strong oil and gas production, complicated pricing forecast

2019 Gulf Coast Energy Outlook: Strong oil and gas production, complicated pricing forecast

In 2019, the Gulf Coast region will build upon its 2018 economic gains in the energy sector, according to the 2019 Gulf Coast Energy Outlook, although those gains will likely be slower due to concerns about economic growth and geopolitical tensions. It’s all part of the Gulf Coast—specifically Louisiana and Texas—becoming a more integrated part […]

By November 19, 2018 0 Comments Read More →
Cheniere Energy to export first LNG shipment from Texas

Cheniere Energy to export first LNG shipment from Texas

Houston-based Cheniere Energy is poised  to export its first shipment of liquefied natural gas from its  complex near Corpus Christi. Crews wrapped up construction for Train 1 at the company’s Corpus Christi LNG export terminal this summer and spent the past five months commissioning the equipment. Under the company’s business model, the South Texas facility […]

By November 16, 2018 0 Comments Read More →
Crude oil price plummets to $55.69

Crude oil price plummets to $55.69

The price of crude oil suffered its biggest single-day drop in price since September 2015 over fears of a growing oil glut. West Texas Intermediate crude closed the day at $55.69 a barrel on the New York Mercantile Exchange, down 4.24 a barrel or 7.1 percent. It is also the lowest price-per-barrel closing price in […]

By November 15, 2018 0 Comments Read More →
Oil and Gas Association chief calls for end to ‘unnecessary litigation’

Oil and Gas Association chief calls for end to ‘unnecessary litigation’

Questions are being raised with calls for reform since Louisiana ranked as the 8th worst state in the nation for frivolous lawsuits, excessive judgments and other legal abuses. That’s the word from Gifford Briggs, president of the Louisiana Oil and Gas Association, about the legal climate in the state due to what he describes as […]

By November 14, 2018 0 Comments Read More →
Venture Global’s Plaquemines LNG export plant passes U.S. environmental test

Venture Global’s Plaquemines LNG export plant passes U.S. environmental test

(Reuters) – Venture Global’s Plaquemines liquefied natural gas (LNG) export terminal in Louisiana took a step toward receiving federal approval for construction on Tuesday after staff at the U.S. energy regulator issued a draft environmental report.  In the report, known as an environmental impact statement, staff at the Federal Energy Regulatory Commission (FERC) concluded that […]

By November 14, 2018 0 Comments Read More →
NWLA economy turns the corner

NWLA economy turns the corner

Economist says Shreveport-Bossier MSA economy improving, outlook positive Northwest Louisiana’s economy is picking up as it turns a corner from almost a decade-long lull, according to economist Dr. Loren Scott. In his annual Louisiana Economic Outlook report published in early October, Dr. Scott summarized that after falling to 12,700 jobs below its 2008 peak, the […]

By November 14, 2018 0 Comments Read More →
Cheniere awards $2.02B contract for sixth LNG train in Sabine Pass, Louisiana

Cheniere awards $2.02B contract for sixth LNG train in Sabine Pass, Louisiana

Houston-based Cheniere Energy Inc. (NYSE American: LNG) will pay Reston, Virginia-based Bechtel Corp. $2.02 billion for the engineering, procurement and construction work related to its sixth liquefied natural gas train at Sabine Pass in Louisiana. Cheniere has given Bechtel a limited notice to proceed with some engineering and prep work at the site, said Cheniere […]

By November 13, 2018 0 Comments Read More →
Plaquemines Parish Council member stands by decision to push for withdrawing from coastal lawsuits

Plaquemines Parish Council member stands by decision to push for withdrawing from coastal lawsuits

The Plaquemines Parish Council, prodded by Council Member Irvin Juneau, recently voted on whether to withdraw from coastal lawsuits against the oil and gas industry. Though the vote was one short of the number needed to approve the measure, Gifford Briggs, president of the Louisiana Oil and Gas Association, wrote a response to the council […]

By November 13, 2018 0 Comments Read More →