U.S. oil and natural gas projects are forecast to face higher costs going forward as wages rise along with supply chain inflation. The engineering, procurement, construction and installation (EPCI) segment may be the “first to record a double-digit percentage hike in costs,” according to a new analysis by Rystad Energy. Domestic EPCI costs, driven by…
Articles from Constraints
In an effort to meet current and future New York City natural gas supply constraints, National Grid is planning to deploy a series of measures to maintain near-term system reliability while mulling over a host of longer-term solutions, a number of which prominently feature liquefied natural gas (LNG).
Warning lights were going off in the Permian Basin two years ago that a dearth of natural gas infrastructure would surpass production, but the issues can be resolved and overall not pressure oil activity, Raymond James & Associates Inc. said Monday.
Permian Basin pure-player Lilis Energy Inc., citing an expected windfall in production and longer laterals during the fourth quarter, reaffirmed plans to exit 2018 producing at a rate of 8,000 boe/d and plans to resolve production curtailments in the near term.
A “critical” lack of crude oil export capacity from Western Canada has forced Cenovus Energy Inc. to reduce production rates and store excess barrels in its reservoirs, the Calgary-based operator said Thursday.
Centennial Resource Development Inc. is planning to spend more this year for its Permian Basin operations in West Texas to prevent constraints in moving its natural gas to markets, CEO Mark Papa said Tuesday.
MarkWest Energy Partners LP reported weaker-than-expected profits in the third quarter, partly on continuing operational constraints in the Marcellus Shale, as well as weak results from the Utica Shale segment, issues that management expects to remedy once most of the 22 growth projects are completed in 2014.
In the near- and medium-term, liquefied natural gas (LNG) may a transportation fuel market in the marine sector, where globally water-based transportation of goods continues to grow at a robust pace, according to the latest World LNG Report by the International Gas Union (IGU).
Williams on Thursday said it has restricted some natural gas pipeline services on its mainstay Transcontinental Gas Pipe Line LLC (aka Transco) because of capacity constraints in the Pennsylvania portion of the Marcellus Shale.
Given current commodity prices, natural gas wells drilled in the Marcellus Shale — wet or dry — compete favorably with marginal Bakken Shale oil wells, but that’s the only gas play in the U.S. onshore that today can compete with Bakken oil well economics, according to an analysis by Barclays Capital.