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Haynesville Shale News

Oil port seeks customers for planned crude loading facility

FORT FOURCHON, La. — The Louisiana Offshore Oil Port is seeking customers for a planned service that will send crude to Texas refineries. LOOP spokesman Terrance R. Coleman tells the Advocate (http://bit.ly/1QbyGJF) that the project is intended to bring back the market that was cut off when the Houston-to-Houma pipeline was reversed two years ago. The pipeline began sending oil ...

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Tillerson: Energy ups and downs cyclical

Exxon Ceo Rex Tillerson

The landscape of the oil and gas industry changed dramatically within a few years, creating an abundance of energy. Rex Tillerson, CEO and chairman of Exxon Mobil and native of Wichita Falls, said it has also created new challenges and struggles for those in the industry. Tillerson was the keynote speaker at the 25th annual Economic Forum on Monday at ...

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Federal judge grants trial delay in BP oil spill fraud case

bp deepwater horizen

GULFPORT, Miss. — A federal judge has agreed to delay until Feb. 1 the BP fraud case against San Antonio attorney Mikal Watts and six others. The Sun Herald reports U.S. District Court Judge Louis Guirola Jr. found the evidence so voluminous that attorneys would need more time to prepare their defenses. Watts wants to go to trial as soon ...

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Texas solar panel company to pay $8.5M in fraud case

AUSTIN, Texas (AP) — A Texas solar company must pay $8.5 million for importing unsafe panels from China and falsely labeling the items as U.S. made. The Texas Attorney General’s Office on Monday announced the penalties and permanent injunction against 1 SolTech Inc. of Richardson. The Dallas-area company filed for bankruptcy last year amid the 2013 lawsuit. The company and ...

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As crude oil swells, volatility-hungry traders turn to refined products

LONDON – In a world overflowing with oil, traders are looking to once-secondary markets such as gasoline and diesel for profits, as limited supplies and rapidly changing demand offer the volatility they thrive on. In recent months, surprise shutdowns at relatively small refineries or extreme weather conditions have led to spikes in prices of gasoline and other products – allowing ...

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Louisiana parish drops suits against oil and gas companies

NEW ORLEANS — A coastal Louisiana parish on Thursday voted to drop its lawsuits against oil and gas companies over damages officials had said the oil industry caused to wetlands by digging numerous canals. The Plaquemines Parish council voted to dismiss 21 suits it had pending against 68 oil companies, officials and a lawyer said. The vote took place at ...

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Magnolia contracts joint venture to build Lake Charles facility

Houston-based Magnolia LNG has selected joint venture SK Engineering and Construction for its $4.35 billion engineering, procurement and construction (EPC) contract for its new liquefied natural gas facility in the Port of Lake Charles, Louisiana. According to Kallanish Energy, the contract will account for the engineering, production and construction of: -Engineering and production of four LNG production trains with the ...

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Trump says he has an instinct for sensing threats

KNOXVILLE, Tenn. — As the hunt for the perpetrators of the attacks in Paris continue, Republican presidential candidate Donald Trump said Monday that he is uniquely qualified to be commander-in-chief because he has an “instinct” for sensing threats. “In my book I predicted terrorism. Because I can feel it,” said Trump, speaking to thousands of supporters packed into Tennessee’s Knoxville ...

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EcoServ opens $12 million offshore waste-handling facility

PORT FOURCHON, La. — Lafayette-based EcoServ, a specialty cleaner for offshore energy companies, has invested about $12 million in a new multipurpose facility at Port Fourchon. The Advocate reports the new site features 1,600 feet of dockside space and employs close to 100 of the company’s 300 workers. David Lacoste, vice president of waste collection facilities at EcoServ, said the ...

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The Latest: Ex-BP engineer pleads guilty in oil spill case

NEW ORLEANS — The latest on the case of a former BP engineer who is accused of deleting text messages after the 2010 Gulf of Mexico oil spill (all times local): 10:20 a.m. A former BP engineer has pleaded guilty to a lesser charge and hopes to avoid prison after he was accused of deleting text messages about how much oil ...

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