Louisiana LNG Export Facility Secures Second Substantial Deal #OilmanNEWS 2017 November-December Louisiana 

Louisiana LNG Export Facility Secures Second Substantial Deal

A liquefied natural gas (LNG) exporting plant currently under construction in Cameron Parish, Louisiana, is now part of an agreement to supply 1 million metric tons of LNG per annum, or 1.4 billion cubic meters of natural gas per year, to a European electrical firm. Venture Global Calcasieu Pass, LLC, the firm developing the Calcasieu Pass LNG export facility, recently released a statement detailing a 20-year agreement with… Read More
Harvey Creates Issues for Texan Oil Industry #OilmanNEWS 2017 September-October Fullstream Louisiana Texas 

US Gulf Coast Prepares for Hurricane Harvey

Oil and natural gas companies on the Texas coast were preparing for the arrival of Hurricane Harvey Thursday, with some shutting operations and evacuating personnel, sending gasoline prices higher. Hurricane Harvey was also beginning to impact the flow of crude and refined products traffic into and out of the area, while oil and natural gas operators in the Gulf of… Read More
LOGA Highlights Importance of Relationship with O&G Industry #OilmanNEWS 2017 September-October Louisiana 

LOGA Highlights Importance of Relationship with O&G Industry

To demonstrate the importance of the oil and gas industry to the state of Louisiana, the Louisiana Oil and Gas Association (LOGA) released a statement on July 27 outlining the relationship between the state and the industry. Given the recent negative rhetoric concerning the oil and gas industry’s operations in Louisiana, largely due to the industry’s alleged contribution to the… Read More
CB&I Awarded Storage Tank Contract by Venture Global LNG #OilmanNEWS 2017 September-October Louisiana Midstream 

CB&I Awarded Storage Tank Contract by Venture Global LNG

CB&I has been awarded a contract valued at nearly $200 million by Venture Global LNG, a U.S. based liquefied natural gas (LNG) export company, for the engineering, procurement and construction of two LNG storage tanks for the company’s Calcasieu Pass export facility located in Southwest Louisiana. Venture Global’s Calcasieu Pass is expected to produce 10.0 million tonnes per annum (MTPA) of… Read More
oilman oil and gas news #OilmanNEWS 2017 July-August Louisiana Texas 

Gulf States May Suffer if Proposed Budget Cut is Approved

Alabama, Louisiana, Mississippi and Texas received $36.5 million in payments between 2009 and 2016 due to an act passed by President Bush which allocated some offshore drilling revenue to Gulf states. However, if Congress approves a recently proposed budget cut from the Interior Department, these states may receive nothing from the companies which operate in the Gulf region. The Gulf… Read More
#OilmanNEWS 2017 July-August Louisiana 

Venture Global LNG Announces Successful Close to Private Funding Round

Washington, D.C.-based LNG producer, Venture Global LNG, announced today it raised $81.4 million in additional capital from high-profile, very large institutional investors. This is the company’s sixth round of equity investment, which brings the latest Reg. D transaction to an aggregate funding total of $361 million. Co-CEOs, Mike Sabel and Bob Pender stated, “This private placement represents the capital markets… Read More
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