Houston-based LNG co. lays out plans to export Eagle Ford shale gas to Mexico

Texas LNG has laid out its plans to take natural gas from the Eagle Ford Shale, process it at a new liquefied natural gas facility it is building at the Port of Brownsville and then export it to Mexico.

The Houston-based company submitted a pre-filing letter to the Federal Energy Regulatory Commission on March 9. A copy of the letter obtained by the San Antonio Business Journal reveals the company’s plans in great detail.

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Texas LNG plans…

Crude oil tumbles $2 as Texas loses dozens more rigs

West Texas Intermediate crude oil prices fell $2 in trading March 13, finishing at $44.84 a barrel.

While WTI hovers near its lowest point year-to-date, the Energy Information Administration predicts that rising crude oil inventories will continue to force prices down in the near term.

The biggest reason being that supplies have exceeded crude oil demand worldwide, according to the EIA. U.S. supplies alone are nearing 450 million barrels, excluding the Strategic Petroleum Reserve. That’s higher…

Program director out at WTOP

Laurie Cantillo is out as program director at Washington’s all-news radio station WTOP.

“The decision has been made to not renew Laurie Cantillo’s contract,” WTOP General Manager Joel Oxley wrote in a staff memo sent Friday. “The decision was reached mutually by Laurie and me.”

Cantillo took over at WTOP in 2011, replacing longtime programmer Jim Farley.

In a separate memo, Cantillo wrote “this the right time for me to pursue my next adventure.” She expressed plans to co-create a screenplay and…

Statoil may eye EOG Resources for huge purchase

Norway-based Statoil ASA (NYSE: STO) may be pursuing a megadeal to acquire Houston-based EOG Resources Inc. (NYSE: EOG).

Industry chatter online and off picked up in late February that Statoil was targeting EOG in a merger or acquisition that could exceed $50 billion — more than the $35 billion for which Houston-based Halliburton Co. (NYSE: HAL) is buying Baker Hughes Inc. (NYSE: BHI).

Analysts said the deal would make sense for Statoil, which is growing its Houston presence, and seeking to expand…

Texas LNG lays out plans to export Eagle Ford shale gas to Mexico

Texas LNG has laid out its plans to take natural gas from the Eagle Ford Shale, process it at a new liquefied natural gas facility it is building at the Port of Brownsville and then export it to Mexico.

The Houston-based company submitted a pre-filing letter to the Federal Energy Regulatory Commission on Monday. A copy of the letter obtained by the San Antonio Business Journal reveals the company’s plans in great detail.

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Texas LNG plans…