US Government authorises third LNG export facility

A proposal to export domestically produced liquefied natural gas (LNG) has been approved by the US Government. The Department of Energy (DOE) said it has “conditionally granted long-term multi-contract authorisation” to Lake Charles Exports – a venture between UK-based BG Group and Texas-based Energy Transfer Equity – to provide LNG from the Lake Charles Terminal […]

Hunt continues after deadly explosion rocks oil rig

An explosion at an oil rig in the Gulf of Mexico on Friday left one dead, another worker missing and hospitalised 11 more. Over the weekend ships and helicopters were looking for the two workers who vanished when the blast rocked the rig and set it on fire. The oil rig off the coast of […]

Hurricane Isaac cuts power supply for thousands

Thousands of homes on the east of the United States were left without power this morning after Hurricane Isaac hit southeastern Louisiana late yesterday. US supplier Entergy said 409,000 customers were without electricity this morning after high winds sparked “extensive” outages across its power grid. Repair efforts were being impaired by the storm’s lingering high […]

BG Group bags 20-year deal for US gas

UK-headed gas explorer and producer BG Group has signed a 20-year deal to buy 33.5million tonnes of gas from US firm Sabine Pass Liquefaction, a subsidiary of Cheniere Energy. The deal is the first long-term liquefied natural gas (LNG) purchase agreement from a project on the US Gulf Coast. Gas exports from the soon to […]

BHP swoops on Petrohawk shale

BHP Billiton has swooped on a deal to buy Petrohawk Energy. If signed off, the deal would bring three shale gas sites into BHP’s hand. The energy companies have agreed a selling price of $38.75 per share. J. Michael Yeager, BHP Billiton Petroleum Chief Executive, said: “Petrohawk has a focused portfolio of three world class […]