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Please join us in welcoming new member company, Hess Corporation, to LMOGA. We are pleased to have this great company as part of our membership.
Hess Corporation is a leading global independent energy company primarily engaged in the exploration and production of crude oil and natural gas. Hess is committed to meeting the highest standards of corporate citizenship by protecting the health and safety of their employees, safeguarding the environment and making a positive impact on the communities in which they do business.
The oil giant is spending billions to tap new oil fields in deepwater far offshore. Take an up-close look at how it’s done.
“You saw Jack? What was it like?”
Jason Morehouse, 35, is wearing navy-blue coveralls. Around six feet tall, he has a buzzcut under his hardhat and a thick goatee that extends about two inches below his chin. At the moment he’s giving me a tour of Tahiti—not the Polynesian island, but a $2.7 billion Chevron oil production platform about 190 miles south of New Orleans. Tahiti sits in more than 4,000 feet of water and is a modern marvel of engineering. When it began producing oil in 2009, it was a pretty big deal for the company. Still is, in fact. Jack, however, is gargantuan.
ConocoPhillips has donated $12,000 to the Lafourche Parish Sheriff's Office Water Patrol Section for the purchase of a boat and equipment.
Marathon Petroleum Corp. said it is taking the next step toward a potential $2.2 billion to $2.5 billion upgrade to the company’s Garyville refinery and expects to make a final decision on the project by early 2015.
The St. John the Baptist Parish project would create 65 new direct jobs, with an average annual salary of $115,000 per year, plus benefits.
Experts discussed the trend at an IHS conference on the global LPG market in Houston Monday.
Jim Webster, general manger of midstream at Phillips 66, said it’s unclear just how much U.S. production of natural gas liquids — of which propane and ethane are components — will increase. But, he said, it’s clear that “there’s going to be significant more volume to deal with in the U.S., and the demand in the U.S. for natural gas liquids are flat, at best, and probably declining in numerous areas.”
His company is spending more than $3 billion on infrastructure in and around Brazoria County in hopes of tapping into the expanding foreign market for LPG. Other companies like Targa Resources Partners, Sunoco and Enterprise Products Partners also are looking at expanding their footprint in LPG exports.Experts discussed the trend at an IHS conference on the global LPG market in Houston Monday.