Texas Gulf Coast community gears up to fight crude oil export terminal
With the flood of crude produced in the Permian Basin and other shale plays, Texas is emerging as one of the world's biggest oil exporters and the Port of Corpus Christi as the hub for those exports, which bring billions of dollars into the state.
Report: Woodside exits Sempra’s Port Arthur LNG export project
Image courtesy of Sempra Energy
Australian LNG player Woodside has reportedly decided to walk out of the Port Arthur LNG export project in Texas, led by the San Diego-based Sempra Energy
Bloomberg reported on Thursday citing Woodside Chief Executive Officer Peter Coleman as saying that the Australian company informed Sempra it was quitting the LNG export project
“It got to a point where it got below our investment returns and we said we need to put our money somewhere else,” Coleman was quoted as saying.
Woodside’s focus remains on unlocking the vast gas resources offshore Western Australia, including the $20.5 billion Browse LNG project.
Its partners in the existing North West Shelf LNG export terminal agreed…
Saenz: Texas’ 20 ports of entry account for $650 billion in international trade
WASHINGTON, D.C. – Laredo Mayor Pete Saenz and Rio Grande Valley Partnership President Sergio Contreras testified before Congress on Wednesday. They were asked to do so by U.S. Sen. Orrin Hat…
Port of Corpus Christi seeing record breaking numbers with tonnage
Members with the Port of Corpus Christi say the biggest portion of the product is the liquid product, 85% of what is coming in and out of the port is petroleum and crude oil. Over in China, the Tr...
Chinese refiner dumps US crude in favor of dollarless imports of Iranian oil
Chinese refiner dumps US crude in favor of dollarless imports of Iranian oil amid escalating trade tensions between Beijing and Washington.
The Trump effect on the global crude oil market
The escalation of trade tariff disputes between the US and China is only the latest in a series of policy decisions from Washington that, in a break from the past, carry the potential to disrupt oil flows.
US policies are only starting to impact global markets, but oil prices are already rising and energy flows could become part of a trade war.
We consider how future US actions may influence imports and exports of crude, LNG and NGLs, as well how American consumers may be affected if gasoline prices change.
Additionally, we turn a spotlight on Opec producers Venezuela and Iran, as well as China, to put potential US actions into a global perspective.