gulf coast

Fri, 2011-11-18 05:15Steve Horn
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ExxonMobil and Shell Eyeing North American LNG Export Deals

Yesterday, LNG World News reported that ExxonMobil Vice President Andrew Swiger announced, at a conference hosted by Bank of America Merrill Lynch, that it was actively seeking LNG (liquefied natural gas) export terminals throughout North America, including, but not limited to, in British Columbia and on the Gulf Coast.

In terms of exports from North America, whether it is the Gulf Coast or whether it is Western Canada, it’s something we’re actively looking at,” said Swiger.

So, where are these prospective export terminals located, what are the key pipelines carrying the unconventional gas produced from shale basins, and what are the key shale basins in the mix? Hold tight for an explanation.

Golden Pass LNG Terminal and Golden Pass Pipeline

The LNG World News article explains that ExxonMobil “has a stake in the Golden Pass LNG Terminal in Texas,” but does not explain exactly what the “stake” is.

A bit of research shows that ExxonMobil is a 17.6% stakeholder in the Golden Pass LNG Terminal, according to a March 2011 article publshed by Platts. It is co-owned by ConocoPhillips and Qatar Petroleum, who own a 12.4% and 70% stake in Golden Pass LNG, respectively.

Wed, 2011-11-09 06:00Ben Jervey
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Valero Positioning To Export Tar Sands Oil, Guarding Pot of Gold at End of Keystone XL Pipeline

In the heated Keystone XL debate, the Canadian company TransCanada, which is attempting to build the line, and the Koch brothers, who are throwing their considerable weight behind it in the interest of their Koch Industries’ subsidiaries, receive a lot of attention.
 

But there are other benefactors that are worth a closer look, as nobody stands to benefit as much in the longer term (if the Keystone XL pipeline is ever built) as the companies that operate the refineries on the Gulf Coast.

Let’s step back and review what the refineries actually do. The diluted tar sands bitumen (or “DilBit”) that would flow through Keystone XL is an ultra-acidic, highly viscous mess, that doesn’t at all resemble the refined petroleum products like diesel or gasoline or even jet fuel that are sold on the commercial markets. DilBit is, in the words of Keith Schneider, ”thick as peanut butter and more acidic, highly corrosive, and abrasive” than typical crude.

This tar sands DilBit needs to be refined before it can be sold. But only certain refineries are capable of handling the corrosive DilBit.

Refiners along the Texas Gulf Coast, where the Keystone XL pipeline would ultimately deliver tar sands DilBit from Canada, are eager to accomodate. The company that appears positioned to receive and refine more of TransCanada’s crude than anyone else is the Valero Energy Corporation (NYSE: VLO).

Tue, 2011-09-27 16:56Farron Cousins
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BP Oil Dispersant Corexit Contained Cancer-Causing Agents

A new report on the Gulf of Mexico oil disaster of 2010 is providing adequate cause for concern for residents and clean up workers along the Gulf Coast. The report from EarthJustice reveals that Corexit, the oil dispersant used by BP to aid in oil cleanup, is laden with cancer-causing chemicals.

The dispersant Corexit was dumped into the oil-stained waters of the Gulf of Mexico to help the oil coagulate and sink to the sea floor. Once the oil clumps reached the bottom, it was believed that they would disintegrate into the water, no longer posing a threat to marine life. But as EarthJustice’s report shows, the threat lingered.

An estimated 1.8 million gallons of Corexit were dumped into the Gulf of Mexico in an attempt to displace the 206 million gallons of oil that spewed from a broken well-head on the Gulf floor. And while the dispersant itself was ruled to be less toxic than the oil, the study suggests that the combination mixture of crude oil and dispersant poses a significantly greater threat to both the environment and marine life than either substance on its own. The EPA says that studies have been done on some of the 57 chemical agents found in dispersants, but they also acknowledge that no long term studies have been conducted on the exposure to these chemicals in quantities as large as were poured into the Gulf.

Wed, 2011-09-14 15:02Farron Cousins
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Deepwater Horizon Still A Massive Headache For BP

The problems facing BP along the Gulf Coast continue to pile up. After more than a year of investigations, the U.S. Coast Guard has finally released their long-awaited assessment of last year’s Deepwater Horizon oil rig explosion. Their conclusion was that the ultimate blame for the disaster rests squarely on BP’s shoulders.

The new report, put together by The Coast Guard-Bureau of Ocean Energy Management Regulation and Enforcement (BOEMRE), was among the most exhaustive investigations to date, according to Reuters. The report claims that the decisions made by BP in the days before the rig explosion are what led to the catastrophe. Among those were BP’s decision to ignore the safeguarding of the cement plug, and the oil company’s decision to only use one type of cement to seal the well. The report also said that the location that BP chose for the casing was very poor, making it difficult to access in an emergency.

The new report does lay some blame at the feet of other companies involved, including Transocean and Halliburton, but they said that at the end of the day, BP was in charge of the decision-making process, and therefore they are the responsible party. This is a far cry from a recent report by Marshall Islands investigators, who recently pinned the blame for the disaster on the rig workers themselves, rather than the companies involved in the rig’s management. The new report is on par with other reports that also put most of the blame on BP.

Fri, 2011-04-22 10:24Farron Cousins
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Lawsuits Fly And Fizzle To Mark Anniversary Of Deepwater Horizon Explosion

BP is attempting to shift the blame for last year’s oil geyser in the Gulf of Mexico onto Transocean, the owner of the Deepwater Horizon rig. BP has also announced plans to sue Cameron International, the manufacturer of the blowout preventer on the rig, claiming that the poor design of the blowout preventer led to the device’s failure. In all, BP is seeking $40 billion in damages from the two companies.

Mon, 2011-04-18 04:45Farron Cousins
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Emails Reveal BP Attempted To Manipulate Oil Spill Studies

Emails obtained by Greenpeace last Friday have revealed that BP was actively trying to manipulate studies designed to assess the damage from last year’s oil leak in the Gulf of Mexico. In the wake of the disaster, BP created a $500 million fund to study the effects of the oil on the environment, and the emails obtained by Greenpeace show that the company was trying to control which scientists worked on the project, attempting to cherry-pick those who would downplay the effects of the oil.

The Guardian reports:

Russell Putt, a BP environmental expert, wrote in an email to colleagues on 24 June 2010: “Can we ‘direct’ GRI [Gulf of Mexico Research Initiative] funding to a specific study (as we now see the governor’s offices trying to do)? What influence do we have over the vessels/equipment driving the studies vs the questions?”.



The Guardian has the full emails available here.  But the new emails are just the tip of the iceberg when it comes to BP’s efforts to manipulate science. Last summer, a report by the Mobile Press-Register revealed that BP was offering large sums of cash to any scientist willing to join their camp. The oil giant had been meeting with scientists from universities in the South since the early days of the oil leak, offering to pay $250 an hour to scientists in exchange for their silence on the oil disaster.

Wed, 2010-05-05 12:50Morgan Goodwin
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Offshore Drilling Industry Has Its Own 'Conservation Organization'

One surefire way for conservation groups not to criticize the largest offshore drilling company in the world in the wake of a huge spill is for that company to sponsor and support its own conservation organization.

In this 2005 image, GMF President John LaRue accepts a check from BP’s Hugh Depland (left) at a recent reception.

Unfortunately, the deep connections between the Gulf of Mexico Foundation and Transocean Limited, (owners of the disastrous Deepwater Horizon rig) were omitted by the New York Times this week, which wrote a surprisingly positive front-page story about how the drilling disaster ‘wasn’t that bad’.  NYTimes reporters Tom Zeller Jr. and John M. Broder spend the first half of the article on quotes from Edward Overton of LSU and Quenton Dokken of the Gulf of Mexico Foundation.

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