In this issue

 

Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, have increased spending on gas projects in 2018; hence natural gas is expected to…
Free ReadImproved execution of oil & gas upstream projects is now being achieved thanks to greater corporate discipline, more pre-FID planning and reduced project scope. This allows project delivery to finally…
Despite harsh rhetoric, both China and the United States can still avoid a damaging trade war, industry participants hope. Strikingly, China has not included US agricultural products and LNG on…
Skepticism abounds if the LNG Canada projects will ever be built in British Columbia but Shell Canada’s President Michael Crothers is adamant that project partners want to start construction at…
U.S. gas companies have been persistently waiting for new Appalachia takeaway capacity – notably the Rover Phase-2 pipeline – to come online this year so the region can provide the…
Developing Alaska’s Arctic National Wildlife Refuge (ANWR) would substantially increase U.S. crude oil and natural gas production after 2030. The state of Alaska holds an estimated 36 billion barrels of…
Woodside Petroleum is close to making a decision about whether to continue to invest in Sempra Energy’s Port Arthur LNG project in Texas. Speaking at the World Gas Conference in…
‎The TechnipFMC-Kiewit partnership has selected as EPC contractors for transforming Sempra Energy’s LNG import terminal at Costa Azul in northern Mexico into a medium-scale export plant. The project will be…
Dry natural gas production in the United States is about to reach a fresh record of 81 Bcf per day, spurring LNG export growth and pushing down prices this year. According…
Gaining access to shale assets in Argentina, Qatar Petroleum has acquired a 30% stake in ExxonMobil’s prolific Vaca Muerta oil and gas play in the onshore Neuquén basin in Argentina.…
Canada, the largest energy trading partner of the United States, consistently exceeds the value of U.S. energy exports to Canada by a large margin. According to EIA figures, energy accounted…
Unplanned downtime can cost an LNG facility as much as $4 million per day. With potential costs so high, profitability is largely linked with unplanned downtime. According to GE Power…
Shifting tact, Uniper CEO Klaus Schäfer has announced plans to expand the utility’s business supplying LNG to power generators in South America, Middle East and Asia. Speaking to investors he…
Nearly two-thirds of oil and gas sector leaders, surveyed by the Norwegian classification society DNV GL, plant to boost spending on gas projects in 2018, with gas expected to overtake…

News Nudges

YPF issues $500m bond

Argentine oil and gas producer, Yacimientos Petroleiferos Fiscales (YPF) has isused a $500 million of 10-year, dollar-denominated notes to yield 8.75%. The sale on June 24 – the first such issuance in more than a year - was managed by the US Citigroup, the UK’s HSBC Holdings and Itau Unibanco Holdings SA of Brazil. Bankers said that proceeds from the sale would go towards working capital and refinancing YPF’s existing debt.


Pieridae Energy shares suspended at TSX

Pieridae Energy, developer of the Goldboro LNG project in the Canadian province Nova Scotia, has had its shares suspended on the Toronto Stock Exchange pending a market-relevant announcement. Trading in Pieridae’s shares were halted on the TSX Venture exchange June 25 at the request of the company’s CEO Alfred Sorensen, pending a possible material announcement in the next couple of days, said to be a natural gas resources acquisition.


US Delfin project delay

Delfin LNG has asked regulators for an extension of three year and six months to construct the plant and related facilities in Cameron Parish in Louisiana. The onshore facilities will transport natural gas to Delfin LNG’s proposed deepwater port in federal waters offshore Louisiana. Delfin told the Federal Energy Regulatory Commission (FERC) that due to the “detailed nature of the engineering design of the offshore facilities and the “the complexity of developing the necessary commercial arrangements”, progress on the project has been slower than originally anticipated. Delfin now proposes to place the export project on stream no later than the end of March 2023.