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Author Archives: Marissa Hall

Delfin LNG proposes nation’s first offshore LNG facility

There have been numerous natural gas liquefaction and export facilities proposed for the Gulf Coast. But what about offshore? Delfin LNG LLC announced Monday that it has submitted applications to the Maritime Administration and the U.S. Coast Guard seeking approval for an offshore liquefaction and export station. The Delfin LNG Project has been proposed for a location roughly 50 miles ...

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Statoil shakes up management with new CFO, U.S. chief

OSLO – Norwegian oil firm Statoil replaced several top executives including its chief financial officer on Tuesday, continuing a shake-up since its chief executive was poached by rival BG Group last October. State-controlled Statoil has lost four board members, including its chairman, over the past several months, and some top managers, including from its mergers and acquisitions unit and U.S. ...

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BP to suspend operations at Caspian Sea platform

BAKU – British oil major BP will suspend operations at one of its platforms in the Caspian Sea for planned maintenance, a spokeswoman for BP Azerbaijan said on Tuesday. Operations would be suspended for three weeks at the end of May at BP’s West Azeri platform, she said. A source at the Azeri state energy company SOCAR also told Reuters ...

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Saudi Arabia’s April crude output hits record high

DUBAI – Top global oil exporter Saudi Arabia raised its crude production in April to a record high, feeding its flourishing Asian market share and its own power plants and refineries. The world’s top oil exporter pumped 10.308 million barrels of oil per day in April, a Gulf industry source told Reuters on Tuesday, compared to 10.29 million bpd in ...

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Port Fourchon to get environmental sensor

PORT FOURCHON, La. — A new environmental observation sensor will be installed at Port Fourchon Wednesday to improve navigation safety and increase efficiency for ships. The National Oceanic and Atmospheric Administration manages the system, which uses oceanographic and meteorological sensors to provide mariners with accurate real-time information about environmental conditions and potential dangers in seaports. Port Fourchon is one of ...

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State board awards tax breaks, costing Lafayette millions

LAFAYETTE, La. — A state board exempted some Lafayette Parish businesses from paying millions in local taxes in 2013. The Advertiser reports the Louisiana Economic Development’s Board of Commerce and Industry, not local governing bodies, approved the exemptions that waived local property taxes. In 2013 those exemptions amounted to $5.4 million over a 10-year period. The board says in exchange ...

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Cleanup continues after East Texas tornado, 2 killed

VAN, Texas — Cleanup continues in an East Texas town after a tornado left two people dead, several critically hurt and dozens of buildings damaged. The Van Independent School District canceled classes again Tuesday amid damage to campuses. School was also called off Monday. A man and a woman were killed Sunday night when the tornado hit Van, a town ...

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