Industry Insights

Magnolia LNG LLC, a wholly owned subsidiary of Liquefied Natural Gas Ltd., received US Federal Energy Regulatory Commission authorization to site, construct, and operate a plant to liquefy and export US-produced natural gas from its LNG terminal in Lake Charles, La. The Louisiana Department of Environmental Quality (LDEQ) also approved Magnolia LNG’s air permit. […]

South America’s two largest oil producing nations face bigger threats from political turmoil than depressed crude prices, but reforms in their national oil companies (NOC) and energy ministries may be essential for their governments to survive, speakers suggested at an Apr. 12 discussion at the Center for Strategic and International Studies. Source: News

Privately held Sage Midstream Ventures LLC, Houston, has received a commitment of $500 million from private equity firm Stonepeak Infrastructure Partners for investment in North American energy projects. Source: News

Kuwait oil workers went on strike Apr. 17 over a government overhaul of the payroll system spawned by low oil prices. Source: News

Crude oil prices on the New York and London markets fell on Apr. 15 leading into the Apr. 17 meeting in Qatar about a production freeze proposal, which resulted in no agreement despite much anticipation leading up to the meeting. Source: News

Husky Energy Inc., Calgary, reported the start of production from its 10,000-b/d Edam East heavy oil thermal project in Saskatchewan. The company started steam operations last month. Source: News