Archives for 2019
U.K. seeks to calm tensions with Iran after tanker seizure
The U.K. sought to lower tensions after Iran seized a British oil tanker in the Strait of Hormuz on Friday, an incident that increased friction in one of the world’s critical energy chokepoints. Source: FuelFix
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Libya oil output at lowest in five months
Libyan oil production dropped to about 1 million barrels a day, its lowest in roughly five months, after an unidentified group reportedly closed a valve and shut down the North African country’s largest field. Source:...
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Permian rig count in New Mexico rises as nationwide tally falls
The New Mexico portion of the booming Permian continues to add on new drilling activity even as the nationwide tally of drilling rigs falls. Source: FuelFix
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Venture Global secures $10B for Louisiana LNG project
The funding for Venture Global liquefied natural gas projects on the Gulf Coast keeps rolling in.The Virginia company said Thursday night that it’s Calcasieu Pass LNG project in Cameron Parish, Louisiana has inked more than...
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Exxon, SABIC select rail terminal builder for petrochemical plant
Exxon Mobil and SABIC have a selected a Salt Lake-City, Utah company to build and operate a rail terminal to service its $10 billion petrochemical plant near Corpus Christi.Utah rail terminal operator Savage will design,...
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