Louisiana
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Energy trader Vitol will take 3 mtpa over a 10-year period.
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The Gulf of Mexico discovery, a product of infrastructure-led exploration, boasts 100 million bbl of gross potential.
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Driftwood gets the green light, as demand rebounds and the stars align at last.
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Global market conditions have impacted Magnolia LNG’s ability to reach FID. Kinder Morgan’s pipeline project also depends on an FID for the Magnolia LNG project.
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The company deferred three of four pipelines as it continues to push toward final investment decision.
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The Cameron LNG project completed its final train this month, but other LNG projects such as Calcasieu Pass LNG, Driftwood LNG, and Lake Charles LNG face difficulties during the economic downturn.
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The Pennsylvania-based producer will leave Louisiana where profiting from tight-gas fields has proven difficult and focus on its legacy assets in the Marcellus Shale.
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With the acquisition of Magnolia LNG, along with its Texas LNG Brownsville project, Glenfarne Group expands its export capacity to 12 mpta.
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Production from Train 3 comes almost a month after reaching its final commissioning stage. Commercial operations will follow testing and authorization from FERC.
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The Louisiana agency overseeing oil and gas drilling has seen a 50% increase in orphaned wells the state must pay to plug because they’ve been abandoned by their operators, according to a new audit by the Louisiana Legislative Auditor’s Office.