World Oil (Bloomberg) – The Freeport liquefied natural gas (LNG) export terminal in Texas has canceled at least 10 cargoes for loading through August after Hurricane Beryl forced the facility to shut, according to traders familiar with the matter. That number is expected to keep rising as long as the facility is not at full capacity, said the traders, who
BOE Report About 1.7 million customers remained without power in Texas on Wednesday morning, two days after Hurricane Beryl made landfall, as progress to restore power was slow during the night, hampering efforts to quickly restart critical oil infrastructure. The storm made landfall as a Category 1 hurricane on Monday near the coastal town of Matagorda, about 100 miles (160
BOE Report The amount of natural gas flowing to Freeport LNG’s export plant in Texas rose to a two-month high on Sunday in what energy traders said was another sign that the plant was wrapping up a series of outages over the past month or so. The startup and shutdown of Freeport and other U.S. liquefied natural gas (LNG) export
Nasdaq U.S. natural gas futures declined about 2% on Wednesday after data showed the amount of gas flowing to Freeport LNG’s export plant in Texas had dropped and forecasts indicated the weather in the near term would be warmer than previously expected. Front-month gas futures for April delivery had fallen 6.2 cents, or 2.3%, to $2.625 per million British thermal
Nasdaq Freeport LNG’s long-shut export plant in Texas started receiving natural gas from pipelines over the long U.S. Martin Luther King Jr holiday weekend, according to data from Refinitiv, a possible sign the plant is finally moving closer to exiting an outage. Gas started flowing to Freeport on Jan. 14 and was on track to reach 69 million cubic
Oil Price U.S. natural gas prices surged on the news that one of the largest U.S. LNG export terminals is targeting a complete operational restart by March 2023. Freeport LNG, a major liquefied natural gas exporter in Texas, wrote in a press release that “it is targeting initial production at the facility in mid-December,” with “full production utilizing both docks remains anticipated
Nasdaq U.S. natural gas futures fell about 5% to a near two-week low with the decline in other energy futures on Monday as the shutdown of the Freeport liquefied natural gas (LNG) export plant last week cut U.S. demand for gas, leaving more of the fuel available to refill low stockpiles. That gas price decline came even though power
World Oil HOUSTON – Talos Energy and Freeport LNG Development, L.P. announced that the companies have executed a letter of intent to develop a carbon capture and sequestration (“CCS”) project, the Freeport LNG CCS project (“FLNG CCS”), immediately adjacent to Freeport LNG’s natural gas pretreatment facilities located near Freeport, Texas, on the Gulf Coast, approximately 60 miles southwest of Houston,
From The Houston Chronicle U.S. LNG exports have expanded to the point they made up 7 percent of total U.S. natural gas production in July, the Energy Information Administration reported Monday. Last month gas deliveries to LNG export facilities reached 6 billion cubic feet a day, as new export facilities come online along the Gulf Coast. “In the first half
By Tyler Losier, Energy Reporter, Oil & Gas 360 Japanese company Osaka Gas to acquire Texas-based Sabine Oil & Gas Corporation Osaka Gas, a vertically integrated Japanese energy company, has entered into a definitive agreement with Houston-based Sabine Oil & Gas Holdings to acquire 100% of the outstanding shares of its subsidiary, Sabine Oil & Gas Corporation. Should the deal
By Tyler Losier, Energy Reporter, Oil & Gas 360 Facility will be able to produce a total of 2.2 Bcf per day upon completion Train 1 of the Freeport LNG project, located on Quintana Island in Freeport, Texas, has reached its final commissioning stage, including the introduction of feed gas into the liquefication facility. The project is being constructed by
Under an order signed this week, Freeport LNG Expansion, L.P. and FLNG Liquefaction 4, LLC (together, FLEX4) have authority to export up to 0.72 billion cubic feet per day of natural gas as LNG from a fourth liquefaction train (Train 4) to be built at the Freeport LNG Terminal, the Department of Energy announced in a press release. FLEX4 is
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