Latest news with #PlaqueminesParish
Yahoo
07-07-2025
- Business
- Yahoo
Venture Global subsidiary closes $4bn senior secured notes
Venture Global's subsidiary, Venture Global Plaquemines LNG (VGPL), has closed a $4bn offering of senior secured notes, aimed at refinancing existing debt and covering related expenses. The offering was divided into two series: a $2bn series of 6.50% senior secured notes due in 2034, and a $2bn series of 6.75% senior secured notes maturing in 2036. The 2034 notes are set to mature on 15 January 2034, and the 2036 notes on 15 January 2036. The latest issuance brings the total aggregate amount of senior secured notes issued by VGPL to $6.5bn since the Plaquemines LNG project's first phase began producing liquefied natural gas (LNG) in December 2024. The project is located in Plaquemines Parish in the US state of Louisiana, 20 miles south of New Orleans. Upon completion, the Plaquemines LNG facility is anticipated to possess an export capability of at least 20 million tonnes per annum. The initial issuance of $2.5bn in senior secured notes by VGPL was announced on 21 April 2025. VGPL plans to utilise the net proceeds from this offering to prepay certain amounts under its existing senior secured first lien credit facilities, and to pay fees and expenses associated with the offering. The notes have been guaranteed by Venture Global Gator Express, an affiliate of VGPL. They are secured by a first-priority security interest in the assets that also secure the existing credit facilities and the existing notes. In June 2025, Venture Global withdrew its application to build the Delta LNG export facility in Louisiana, opting instead to concentrate on the Plaquemines expansion project. "Venture Global subsidiary closes $4bn senior secured notes" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
E&E News
13-06-2025
- Business
- E&E News
Venture Global ditches planned Louisiana LNG terminal
Natural gas exporter Venture Global has pulled an application with federal regulators for a liquefaction terminal in southeast Louisiana, citing plans to focus on a planned expansion of an existing export facility. In a letter to the Federal Energy Regulatory Commission this week, a Venture Global executive said the Virginia-based company has decided 'that pursuing the Delta LNG Project at this particular time would not be the best use of its corporate resources' or those of the agency. The project would have been located in Louisiana's Plaquemines Parish. The Venture Global subsidiaries behind the project are 'withdrawing the Delta LNG Project from the Commission's Pre-filing review process,' Fory Musser, Venture Global's senior vice president of development, said in the Tuesday letter to FERC. Advertisement Venture Global is also the developer in Louisiana of the Plaquemines LNG terminal; the Calcasieu Pass LNG facility; and the CP2 LNG project, which launched some on-site work earlier this month. The CP2 LNG facility is the company's third liquefied natural gas (LNG) export facility and was caught up in the Department of Energy's LNG permitting pause last year under former President Joe Biden.
Yahoo
25-05-2025
- Automotive
- Yahoo
Watch: 'Half an alligator' waddles across road, startles Louisiana drivers
PLAQUEMINES PARISH, La. – Drivers in southern Louisiana were surprised to see a tailless alligator slowly waddling across a highway. The unusual encounter was captured on video Monday by Ashlyn Bartholomew while on Highway 23 in Plaquemines Parish. Bartholomew said she was driving home after dropping her kids off at baseball practice when she spotted the stubby reptile. Initially, she wasn't even sure if it was an alligator or a large dog. Barefoot Florida Man Wrangles Alligator From Side Of Busy Interstate In her video, Bartholomew can be heard saying, "What?" in astonishment as the gator awkwardly makes its way across the road. "Y'all be careful. There's half an alligator walking on the road," she wrote on Facebook. 9-Foot Alligator Causes Stir Outside Preschool According to Robert Mendyk, a reptile expert at the Audubon Zoo, the alligator likely lost its tail in a fight with another gator. He also said it's common for these resilient reptiles to survive such severe article source: Watch: 'Half an alligator' waddles across road, startles Louisiana drivers
Associated Press
19-05-2025
- Business
- Associated Press
Venture Global Announces $37,300 for Louisiana Coastal Restoration
METAIRIE, La.--(BUSINESS WIRE)--May 19, 2025-- Today, Venture Global announced a donation of $37,300 to the Coalition to Restore Coastal Louisiana (CRCL) to support critical coastal restoration projects in Plaquemines Parish, Louisiana. This contribution is part of the company's multi-year partnership with the New Orleans Saints through the Catch for the Coast initiative, sponsored by Venture Global. The Venture Global team was pleased to be joined by members of the CRCL and the Saints for a check presentation of this donation at the New Orleans Saints Ochsner Sports Performance Center. This press release features multimedia. View the full release here: Venture Global presents a check donation to the Coalition to Restore Coastal Louisiana at the New Orleans Saints Ochsner Sports Performance Center. Catch for the Coast was launched during the 2024 NFL season, where Venture Global committed to donating $10 for every receiving yard gained by the Saints towards coastal restoration efforts in Louisiana. The Saints accumulated a total of 3,730 receiving yards this season, resulting in the $37,300 donation from Venture Global. 'As a committed community partner in Plaquemines Parish, along the coast, and throughout the state, Venture Global is proud to support efforts that help protect and restore such vital parts of Louisiana. Initiatives like Catch for the Coast reflect our belief that supporting local programs to better our communities, such as coastal restoration, is key to ensuring a future of strength and growth in Louisiana. Venture Global is committed to being a good neighbor and a long-term partner in the restoration of Louisiana's coast, while providing the world with needed low-cost, reliable American LNG,' said Venture Global CEO Mike Sabel. 'Protecting and restoring our coast is one of the most important challenges facing Louisiana today. I applaud Venture Global and the Saints for investing in real solutions that strengthen our communities and preserve our way of life,' said Louisiana Governor Jeff Landry. 'Our coast is deeply connected to the identity, culture, and future of our region,' said Gayle Benson, Owner of the New Orleans Saints. 'We are proud to partner with Venture Global on Catch for the Coast to support the important work being done by CRCL to protect and restore Louisiana's coastline for generations to come.' 'Louisiana is losing a football field of coastal wetlands every 100 minutes, jeopardizing the future of our communities, our industries and our culture, but we have science-based methods of fighting back,' said Kim Reyher, the executive director of CRCL. 'This is our goal-line stand, and we're so grateful to partner with the Saints and Venture Global to protect our future.' About Venture Global Venture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022 and achieved commercial operations in April 2025. The company's second facility, Plaquemines LNG, achieved first production of LNG in December 2024. The company is currently constructing and developing over 100 MTPA of nameplate production capacity to provide clean, affordable energy to the world. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities. About CRCL CRCL was the first statewide nonprofit dedicated to restoring Louisiana's coast, where more than 2,000 square miles of wetlands have vanished in less than a century. The organization is known for its Oyster Shell Recycling Program and Native Plants Program, as well as its education and professional development programs. CRCL's mission is to unite people in action to achieve a thriving, sustainable Louisiana coast for all. View source version on CONTACT: Media Contact Shaylyn Hynes [email protected] KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA INDUSTRY KEYWORD: SPORTS PHILANTHROPY OIL/GAS ENVIRONMENTAL ISSUES ENVIRONMENTAL HEALTH SUSTAINABILITY ENERGY FOOTBALL ENVIRONMENT FUND RAISING FOUNDATION CLIMATE CHANGE OTHER PHILANTHROPY SOURCE: Venture Global Inc. Copyright Business Wire 2025. PUB: 05/19/2025 10:12 AM/DISC: 05/19/2025 10:11 AM
Yahoo
18-05-2025
- Yahoo
Plaquemines Parish crash leaves electric scooter rider dead
PLAQUEMINES PARISH, La. (WGNO) — Troopers with the Louisiana State Police are investigating a crash that left an electric scooter rider dead in Plaquemines Parish on Sunday, May 18. The LSP reported that the crash happened on Louisiana 23 near L Street around 12:30 a.m. Search continues for escaped inmates following Orleans jailbreak LSP officials said an initial investigation shows that 25-year-old Herby Louis-Jeune was riding an electric scooter south on LA 23 when a Ford F250 also heading south reportedly hit the scooter. Louis-Jeune was pronounced dead at the scene. The driver of the Ford was wearing a seatbelt and was uninjured. Suspect sought in New Orleans hit-and-run investigation LSP troopers said Louis-Jeune was wearing dark clothing, no helmet and did not have lights when the crash happened. According to the LSP, troopers 'observed no signs of impairment in the Ford driver and determined that the driver was not impaired.' The investigation is continues for escaped inmates following New Orleans jailbreak Are weight loss drugs safe? Learn some of the side effects Biden diagnosed with prostate cancer: What is it? WNBA investigating racial slurs by fans made at Angel Reese during Indiana game: AP Source Plaquemines Parish crash leaves electric scooter rider dead Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
