Texas | Egypt Oil & Gas
Cheniere Produces First LNG at Corpus Christi Stage 3 Project
Cheniere Energy has produced the first liquefied natural gas (LNG) from its Corpus Christi Stage 3 Liquefaction Project (CCL Stage 3) in Texas. With CCL stage 3 project, Cheniere has become the second new US export pl...
ExxonMobil to Sell Older Permian Assets to Hilcorp in $1B Deal
Exxon Mobil Corp. has reached an agreement to sell its conventional oil drilling assets in the Permian Basin of Texas and New Mexico to Hilcorp Energy for approximately $1 billion, according to Reuters. “The sal...
ADNOC Engages a Partnership with ExxonMobil to Develop Low Carbon Hydrogen Project in Texas
ADNOC has announced that it has entered into an agreement with ExxonMobil Corporation to develop a low-carbon hydrogen and ammonia production facility in Baytown, Texas. The signature ceremony was witnessed by Sheikh ...
Lime Rock to Purchase Texas Oil, Gas Assets for $508.3 M
Lime Rock Resources will purchase oil and gas properties in the Delaware Basin of Texas for $508.3 million from a private seller, rig zone reported. The acquired assets are mostly located in Loving County, Texas and w...
Shell Expects at Best Steady Fuel Sales in Q1 2021
Shell expects its fuel sales to decline or stay broadly steady in Q1 2021 as some Coronavirus restrictions ease, according to Reuters. Shell’s refined oil product sales were 3.7-4.7 million barrels per day (mmbbl/d) f...
Shell Resumes Gasoline, Diesel Production at Deer Park
Shell resumed the gasoline, and diesel producing units on March, 15 at its 318,000 barrels per day (bbl/d) at Deer park, a joint venture refinery, in Texas, according to Reuters. The 70,000 bbl/d of gasoline producing...
Lightsource BP Complete $380 MM Financing Package for Solar Projects
Lightsource BP company announced that it has successfully completed the financing package of $380 million for Elm Branch and Briar Creek solar projects in Texas, a statement published by BP stated. Elm Branch will pro...
US Oil Output Falls 3.6% in August
US oil output fell 3.6% to 10.6 million barrels per day (mmbbl/d) in August as the offshore Gulf of Mexico production collapsed to a near seven-year low, according to the US Energy Information Administration’s (EIA) m...
