Floodwaters and continued rain from Tropical Storm Imelda have interfered with energy operations along the US Gulf Coast, prompting the shutdown of the Beaumont, Texas, ship channel, an oil pipeline and several terminals. Meanwhile, several refineries, including ExxonMobil's Beaumont plant and Valero Energy's Port Arthur facility, have reduced production.
New Mexico Gov. Michelle Lujan Grisham has announced a partnership with Descartes Labs that will involve using satellite imagery and artificial intelligence to monitor and manage methane emissions from oil and natural gas operations. On Thursday, Grisham was also scheduled to meet with oil drillers, including Occidental Petroleum and EOG Resources, to develop a strategy for curbing the state's greenhouse gas emissions by 45% from 2005 levels by 2030.
President Donald Trump on Thursday met with oil-state senators, including Sen. Bill Cassidy, R-La. and Sen. Ted Cruz, R-Texas, to discuss ethanol policy and potentially find some common ground on the issue. "Just spoke with @realDonaldTrump on the renewable fuel standard - the president is very engaged on the issue, and feels as if we can work towards a solution which protects jobs," Cassidy said on Twitter.
Federal Energy Regulatory Commission Chairman Neil Chatterjee said the recent attacks on Saudi Arabia's oil facilities underscore the importance of security for the US energy infrastructure. Chatterjee, as well as other government officials, are concerned that the increased reliance on natural gas pipelines could expose the nation's power grid to attacks.
ExxonMobil is seeking potential buyers for its 50% stake in the Gippsland Basin oil and natural gas venture in Australia's Bass Strait, which is off the coast of Victoria. BHP Group also owns a 50% interest in the development.
Talos Energy says it has reached agreements with ExxonMobil and BP related to exploration of hydrocarbon blocks in the US Gulf of Mexico's Green Canyon. Talos has acquired four blocks of the Hershey prospect from ExxonMobil and will drill at the BP-operated Puma West prospect during the fourth quarter.
Petrofac Limited has signed an agreement to sell its 51% stake in Mexican operations to Perenco Oil & Gas International Limited. The transaction includes the onshore Santuario and Magallanes fields and the offshore Arenque field, and is expected to be completed next year.
Researchers say foreshocks may be more prevalent in an earthquake sequence than previously estimated. A study that used a cutting-edge earthquake catalog to analyze foreshock activity showed that more than 72% of Southern California earthquakes with magnitudes of 4 or higher are preceded by foreshocks.
Fossil fuels accounted for 79% of US energy production and 80% of US energy consumption in 2018, according to the Energy Information Administration. Petroleum remains the most traded energy product in the US, making up 86% of energy imports and 67% of energy exports last year.
NextDecade and Enbridge have signed a memorandum of understanding to build the Rio Bravo Pipeline, which will feed natural gas from Agua Dulce, Texas, to the Rio Grande LNG export facility in Brownsville, Texas. The proposed pipeline still needs to be approved by the Federal Energy Regulatory Commission.
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