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Exxon CEO Advocates Lifting Crude Export Ban
Exxon Chief Executive Officer, Rex Tillerson, contends that lifting the decades, old crude oil export ban would spur job creation, and move us toward energy security, according to a recent article in “Rigzone”. Lifting the ban, and drastically simplifying the review process for Liquefied Natural Gas (LNG) and condensate export projects, would stimulate investments. These… Read More
Dominion’s Cove Point LNG Export Facility Approved
“Rigzone” reports that the Federal Energy Regulatory Commission (FERC) has approved Dominion Resources Inc.’s Cove Point, Maryland, Liquefied Natural Gas (LNG) export project. The proposed facility will cost between $3.4 and 3.8 billion dollars and will have a capacity of 5.75 million metric tons per year. Dominion has already secured markets for total output via… Read More
Unconventional Production to Boost U. S. Energy Exports
HSBC’s Global Connections Trade Forecast anticipates a 5% per year increase in U. S. Energy exports through 2030, according to an article in “Rigzone”. Petroleum imports are expected to drop from 12% to 5% over the long term as well. Emerging markets with limited oil and gas reserves and refining capacity will be a major… Read More
DOE Approves Cameron and Carib LNG Exports
The U. S. Department of Energy (DOE) issued its final approval for the Cameron LNG (Liquefied Natural Gas), LLC and Carib Energy LLC projects to export to countries with whom we do not have Free Trade Agreements (FTA). These projects are located in Cameron Parish, LA, and Martin County, FL, respectively. This authorization is significant… Read More
U. S. Shippers Want Role in Energy Exports
“Rigzone” reports that Don Marcus, the president of the International Organization of Masters, Mates and Pilots, urged congress to insure that American shippers participate in the benefits of LNG and crude exports. John Garamendi (D) and Duncan Hunter (R) introduced a bill in the House in July requiring the Department of Transportation promote the use… Read More
