Connect with us

Louisiana

Woodside Courts Aramco for Louisiana LNG Stake | OilPrice.com

Published

on

Woodside Courts Aramco for Louisiana LNG Stake | OilPrice.com


Australia’s Woodside Energy and Saudi Aramco have signed an agreement to explore cooperation opportunities that may include the Saudi company buying a stake in the Louisiana LNG project.

The agreement is non-binding, Woodside said, adding that it could involve “Aramco’s potential acquisition of an equity interest in and LNG offtake from the Louisiana LNG project.”

Woodside’s CEO, Meg O’Neill, said the deal was “another demonstration of the ongoing interest Louisiana LNG is generating among high-quality potential investors, following our recent agreement with Stonepeak to acquire a 40% interest in the project’s infrastructure holding company.”

The Australian energy major announced the final investment decision on the $17.5-billion facility in late April, with first production scheduled for 2029. The facility is designed to have three liquefaction trains with a total capacity of 16.5 million tons annually.

Advertisement

This would boost Woodside’s total LNG capacity to 24 million tons annually by next decade, the company said earlier. Woodside also has permits to expand the Louisiana LNG facility by another two trains, which would boost its capacity to a total 27.6 million tons annually.

Woodside bought the former Driftwood LNG project as part of its acquisition of Tellurian for $1.2 billion last year. The deal “adds a scalable US LNG development opportunity to our existing approximately 10 Mtpa of equity LNG in Australia,” Woodside chief executive Meg O’Neill said at the time. Then, this year, reports emerged that Woodside was looking for partners in the projects, seeking to sell up to 50% of the ownership.

The Australian company has already sold a 40% stake in Louisiana LNG to infrastructure investors Stonepeak, with the latter committing to cover $5.7 billion of the total capex for the project, equal to 75% of the 2025 and 2026 capex. Woodside wants to sell another 20-30% in the project. Woodside eyes net operating cash income of some $2 billion annually from Louisiana LNG, beginning the 2030s.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com

Advertisement





Source link

Louisiana

Louisiana-based study: Bariatric surgery holds promise for young patients

Published

on

Louisiana-based study: Bariatric surgery holds promise for young patients



A new study from researchers at LSU’s Pennington Biomedical Research Center, FMOL Health | Our Lady of the Lake Regional Medical Center, and the Metamor Institute found that metabolic and bariatric surgery can be delivered safely and effectively for adolescents and young adults living with severe obesity, leading to significant weight loss and improvements in obesity-related health conditions. 

Published in Obesity Surgery, the study examined outcomes from 76 patients ages 10 to 25 who underwent bariatric surgery through a Louisiana-based program at the Metamor Institute between January 2020 and March 2025. Researchers evaluated safety outcomes as well as longer-term health improvements associated with surgical obesity treatment.

The study found that patients achieved an average total body weight loss of 29%-32% maintained over one to five years. Among patients with available follow-up data, 94% experienced remission of type 2 diabetes, 67% showed improvement in hypertension and dyslipidemia and 64% experienced improvement in gastroesophageal reflux disease. Surgical complications remained low, with only 5% of patients experiencing complications within 30 days of surgery.

Advertisement

Researchers noted that these outcomes were likely supported by a comprehensive, multidisciplinary care model that included experienced surgeons, nutritional guidance, behavioral support and coordinated medical follow-up. The study population represented a broad cross-section of Louisiana patients, with nearly 75% covered by Medicaid, highlighting the importance of ensuring access to effective obesity treatment options across socioeconomic backgrounds. 

The findings support current American Academy of Pediatrics recommendations that adolescents age 13 and older with severe obesity and related health risks be evaluated for metabolic and bariatric surgery as part of comprehensive, evidence-based obesity care.





Source link

Advertisement
Continue Reading

Louisiana

Meta’s Louisiana Data Center to Surpass $250 Billion Price Tag

Published

on

Meta’s Louisiana Data Center to Surpass 0 Billion Price Tag


Meta Platforms Inc. has committed to spending an additional $40 billion on its sprawling data center campus in Louisiana, pushing its total expected investment beyond $250 billion for the site as it continues to grow its artificial intelligence computing footprint.



Source link

Continue Reading

Louisiana

DeRidder man found dead in Sabine River

Published

on

DeRidder man found dead in Sabine River


NEWTON COUNTY, Texas. (KPLC) – A DeRidder man reported missing was found dead in the Sabine River Sunday morning, according to the Newton County Sheriff’s Office.

Newton County Sheriff Colton Havard said Jordan Jamal Allen was located around 7:50 a.m. on July 12 with help from Texas Parks and Wildlife game wardens, the Beauregard Parish Sheriff’s Office, and 409 Search and Rescue.

Authorities say the body was recovered not far from where Allen went under Friday night near the U.S. 190 bridge east of Bon Wier at the Texas-Louisiana state line.

The sheriff said that Allen and a woman were said to be wading across the river Friday when the current began pulling the woman.

Advertisement

The sheriff said Allen tried to help her, but went under around 8:45 p.m. and wasn’t seen again. He said the woman made it back to land safely.

We will have more in this story as it develops.

Copyright 2026 KPLC. All rights reserved.



Source link

Advertisement
Continue Reading
Advertisement

Trending