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Tag Archives: gas

Final investment decision has not been made on proposed $8 billion LNG export facility

By BECKY GILLETTE GEORGE FREELAND Gulf LNG Energy invested $1.1 billion in a facility in Pascagoula to import liquified natural gas (LNG), which is natural gas cooled down to liquid form to make it easier to transport. Two tanker shipments of LNG were offloaded at the facility in 2011. But then the energy world turned upside down. Shale gas production ...

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Gulf oil, gas leases up for sale; environmentalists protest

NEW ORLEANS — The federal government is selling off oil and gas leases in the Gulf of Mexico during a sale Wednesday, but environmentalists opposed to fossil fuels development on public lands plan to protest the sale. The Bureau of Ocean Energy Management is offering approximately 45 million acres for exploration and development. Companies submit bids in advance to the ...

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Race to the pump: Feds appear ready to beat state on new gas taxes

The chairman of the Senate Transportation Committee says it seems Congress is about to pre-empt Mississippi’s  opportunity to take advantage of plummeting gasoline prices by enacting new motor fuels taxes. While Mississippi legislators wait for a late 2015 completion of a private-sector study on state transportation infrastructure needs and how to pay for them, Congress is poised to act this ...

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Natural gas line fire in Rankin County

BRANDON — Rankin County firefighters are on the scene of a natural gas line rupture and fire off of Mississippi Highway 25 near Brandon. Authorities say it appears the pipeline exploded about 6:15 a.m. Wednesday on Three Prong Trail. Crews at the scene shut off the gas about 7:30 a.m. Sheriff Bryan Bailey says there have been no injuries confirmed ...

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Callon Petroleum stock sale for acquisitions raises $122M

NATCHEZ — Callon Petroleum Co. has raised $122 million from a stock sale, with plans to use the proceeds to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company announced it has sold 14.38 million shares at $9 per share, paying about $7 million for an underwriters’ discount ...

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Callon Petroleum to sell shares to fund acquisition in Texas

NATCHEZ — Callon Petroleum Company is selling stock to pay for new oil and gas properties it plans to buy in the Permian Basin of west Texas. The Natchez-based company will sell 12.5 million shares, giving the brokerages underwriting the sale the option to buy up to another 1.875 million shares. At current prices, Callon could net more than $130 ...

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TVA to discuss long-range energy resources plan

NORTH MISSISSIPPI — The Tennessee Valley Authority is set to discuss progress in updating the utilities long-range energy resources plan along with more than 1,100 comments from the public. The forum is scheduled for Wednesday at 7 p.m. EDT at TVA’s Missionary Ridge office building in Chattanooga, Tenn., and through a simultaneous online webinar link. The 2015 Integrated Resource Plan ...

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Legal-Bay: BP claims settlement headed to Supreme Court

NEW ORLEANS — Legal-Bay LLC, The Lawsuit Settlement Funding Company, believes the British Petroleum Inc. Business Economic Loss (BEL) claims settlement will eventually make its way to the U.S. Supreme Court under a writ of certiorari. Legal-Bay said the issues revolve around constant legal wrangling by B.P. to drastically alter the landmark settlement, by claiming that the settlement is not ...

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