Louisiana
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The deal with Manulife gives Oxy unit 1PointFive access to 27,000 acres of subsurface pore space for carbon sequestration. -
New lease agreements have secured more than 700 million metric tons of potential CO2 sequestration capacity.
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The new project will use EnLink’s existing pipeline infrastructure and Talos’ newly acquired 26,000-acre sequestration area.
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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.
