Costs

Feeling Inflation Pinch, Permian E&Ps Targeting Further Efficiency Gains

Feeling Inflation Pinch, Permian E&Ps Targeting Further Efficiency Gains

Continued efficiency improvements are expected to be critical for natural gas and oil producers in the Permian Basin this year as cost inflation for oilfield services (OFS) takes full effect.

January 24, 2022
Supply Chain ‘Snarls’ Stifle Economy, Stoke Inflation and Impede Energy Company Earnings

Supply Chain ‘Snarls’ Stifle Economy, Stoke Inflation and Impede Energy Company Earnings

The worst of the pandemic’s impacts on public health may have passed, but its long shadow still hangs over the economy and the energy industry in the form of supply chain bottlenecks, labor shortages and steep inflation. Setbacks such as manufacturing disruptions in Asia and congestion at U.S. ports infuse indefinite uncertainty, energy company executives…

October 29, 2021
Coastal GasLink’s Cost, Timeline Increase on Covid Workforce Slowdowns

Coastal GasLink’s Cost, Timeline Increase on Covid Workforce Slowdowns

The Covid-19 pandemic has inflicted increased construction costs and delay on Coastal GasLink, the conduit designed to supply the Royal Dutch Shell plc-led liquefied natural gas (LNG) export project underway in British Columbia (BC), according to TC Energy Corp. “We expect project costs will increase significantly and the schedule will be delayed,” TC management said…

February 19, 2021
Global Oil Production Costs Seen Down 35% Since 2014

Global Oil Production Costs Seen Down 35% Since 2014

Breakeven costs for all unsanctioned oil projects have fallen to around $50/bbl on average, down around 10% over the last two years and 35% since 2014.  With oil production less expensive to produce versus six years ago, the “clear cost savings winner” is offshore deepwater development, according to Rystad Energy’s latest assessment.  Rystad’s cost of…

October 21, 2020
Tellurian Cuts Driftwood LNG Costs, Defers Haynesville Supply Pipeline

Tellurian Cuts Driftwood LNG Costs, Defers Haynesville Supply Pipeline

Tellurian Inc. said this week it has cut costs for the first phase of the proposed 27.6 million metric ton/year (mmty) Driftwood liquefied natural gas (LNG) export terminal as it works toward sanctioning the massive project in a weak global market.   The Houston-based operator indicated in an investor presentation on Wednesday that it would achieve…

August 13, 2020
Tellurian Evaluating Options to Cut Driftwood LNG Costs

Tellurian Evaluating Options to Cut Driftwood LNG Costs

Tellurian Inc. said in a regulatory filing on Wednesday that it was evaluating options to cut the costs of the first phase of its proposed 27.6 million metric tons/year (mmty) Driftwood liquefied natural gas (LNG) terminal in Louisiana.  It was the latest announcement from the company as it works to get the project off the…

July 22, 2020
Canadian Pipeline, LNG Project Reviews Take Months Longer than in U.S., Says CERI

Canadian Pipeline, LNG Project Reviews Take Months Longer than in U.S., Says CERI

Complex procedures are causing pipeline and liquefied natural gas (LNG) project approvals to take more than one year longer in Canada than in the United States, inflating industry costs, according to a new economic comparison survey.

April 8, 2020
Canadian Pipeline, LNG Project Reviews Take Months Longer than in U.S., Says CERI

Canadian Pipeline, LNG Project Reviews Take Months Longer than in U.S., Says CERI

Complex procedures are causing pipeline and liquefied natural gas (LNG) project approvals to take more than one year longer in Canada than in the United States, inflating industry costs, according to a new economic comparison survey.

April 8, 2020
U.S. Unconventional Oil, NatGas Development Carrying Global Energy Spend, Says IEA

U.S. Unconventional Oil, NatGas Development Carrying Global Energy Spend, Says IEA

Global oil and natural gas investments are predicted to climb this year, as U.S. onshore unconventional development spending rises, the International Energy Agency (IEA) said Tuesday.

July 12, 2017
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