Costs

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

Briefs — Lucid Energy

Dallas-based midstream services provider Lucid Energy Group has secured an equity commitment for up to $250 million from Magnetar Capital to support Lucid’s proposed natural gas gathering and processing system in the Delaware Basin, a sub-basin of the Permian. “This important transaction, combined with the existing support of EnCap Flatrock Midstream, allows us to continue to aggressively expand our Delaware Basin franchise and offer large-scale, best-in-class service to producers in the region,” said Lucid CEO Mike Latchem. Lucid provides midstream services to producers in the Permian’s Midland and Delaware basins and is the largest privately held natural gas processor in the Permian with more than 930 MMcf of capacity in operation or under construction, and more than 3,600 miles of operational pipeline assets. Lucid in September 2016 acquired Agave Energy Co., the owner and operator of gas gathering and processing assets in the Delaware.

May 3, 2017

Researchers Say EPA Overestimated Cost, Effectiveness of Methane Rules

Researchers from Stanford University said the U.S. Environmental Protection Agency (EPA) overestimated how much it would cost the oil and gas industry to monitor and repair methane leaks at its facilities, and how many leaks would be found, when it updated embattled rules governing emissions last year.

April 21, 2017

WPX CEO Sees E&P Industry Entering ‘Age of Discovery,’ Opportunity

WPX Energy Inc., with a plethora of opportunities across the U.S. onshore, is evaluating a midstream infrastructure buildout in one of its key areas, the Permian Basin, to expand crude oil gathering and natural gas processing as opportunities grow, the management team said Thursday.

February 24, 2017
Natural Gas, Wind Beat on Costs For New U.S. Power Generation, Say Texas Researchers

Natural Gas, Wind Beat on Costs For New U.S. Power Generation, Say Texas Researchers

Natural gas and wind are tops as the lowest cost technology options for new electricity generation in the United States when costs, public health and environmental benefits are considered, according to researchers at the University of Texas at Austin (UT).

December 9, 2016
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