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Overhaul of Natural Gas Export Reviews
The Department of Energy (DOE) and Federal Energy Regulatory Commission (FERC) have been criticized for the costly and time consuming approval process for Liquefied Natural Gas (LNG) projects, according to an article in “Rigzone”. In response, new draft regulations were proposed in May, subject to a public comment period. Last week the DOE announced the… Read More
Texas Petroleum Index Reaches an All-Time High
The Texas Petroleum Index (TPI) established a new high in June, according to an article in “Rigzone”. The TPI is a composite based on a comprehensive set of indicators including oil price, rig count, drilling permits, well completions, oil and gas production volumes, and other factors. The June, 2014, index of 308.4 is 7.3% higher… Read More
Shell Bearish on Gas Export Projects
Recent large natural gas discoveries have led to a number of Liquefied Natural Gas (LNG) projects in North America, Australia, East Africa and the eastern Mediterranean. Shell had been a major player in many of these. However, the company now believes that the economics of these projects are in question and is revising its investment… Read More
Window of Opportunity for U.S. LNG Exports
A recent article in “Rigzone” chronicles the proceedings of the Platt’s 13th annual Liquefied Natural Gas Conference in Houston last week. Of particular interest were the remarks of Asish Mohanty, senior analyst with Wood MacKenzie. More than 25 LNG export projects have been proposed to date. Six have received the requisite government approvals, and a… Read More
