Six US companies request funds for Port Corpus Christi deepening

The CEOs of Occidental Petroleum Corporation, NuStar Energy, Buckeye Partners, Howard Energy Partners, Plains All American Pipeline and Cheniere Energy asked President Donald Trump to fund $60 million for deepening and widening of the Corpus Christi Channel, in order to meet the increasing oil and gas demand from the US. 

US crude oil exports increased after Harvey disruptions

In October 2017, crude oil exports from the US reached a monthly record of more than 1.7 million barrels per day, with the largest increases in US crude oil exports being to Asia, followed by Europe, according to US  EIA’s Petroleum Supply Monthly data.

US natural gas price, production, exports grew from 2016 to 2017

In 2017, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $3.01 per million British thermal units, about 50 cents per MMBtu higher than in 2016. The higher prices in 2017 contributed to less consumption and increased domestic production was offset by increased exports of natural gas by pipeline and LNG cargoes, according to EIA.

Florida excluded from the US offshore oil and gas exploitation program

Ryan Zinke, Secretary of the US Department of the Interior, announced that Florida will be excluded from the recent US plan to further exploit offshore oil and gas. The decision to exempt Florida from the offshore oil and gas exploitation proposal, was made after Florida’s Governor, Rick Scott, request.

US, Portugal to boost LNG cooperation

The US and Portuguese delegations highlighted progress made in the bilateral energy relationship that could bring lower energy prices, more jobs, enhancement of Europe’s energy security and emissions reduction from the shipping sector.

Wärtsilä to equip new LNG-fueling barge in US

Finnish technology company Wärtsilä informed that it will equip a new articulated tug barge, that will be used to supply LNG fuel to cruise ships along the east coast of Florida, USA. This will be the first fueling barge with a Wärtsilä solution operating in US waters.

US launches gas exports initiative

The US Trade and Development Agency, in cooperation with LNG Allies, launched the U.S. Gas Infrastructure Exports Initiative. This Initiative aims to connect American companies to new export opportunities across the gas value chain in emerging economies.

INEOS to deliver US ethane to China

INEOS announced the agreement with SP Chemicals for the delivery of ethane from US shale gas to China. The agreement will see US ethane from shale gas shipped to China for the first time.

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