Delayed

Following through on plans it announced in October, the Trump administration announced that it has temporarily suspended or delayed parts of an Obama-era rule governing associated natural gas flaring and venting on public and tribal lands until January 2019.

PTT Global Chemical (PTTGC) pcl said late Tuesday it needs more time to make a final investment decision (FID) on its multi-billion dollar proposal to build a world-scale ethane cracker in Belmont County, OH, pushing the FID to late 2017.

Producers that in late 2014 began to carefully prune discretionary spending now are cutting all nonessential expenditures, which in 2015 upended at least 68 major oil and natural gas projects worldwide worth a total of $380 billion, Wood Mackenzie Ltd. said.

Investment decisions delayed or canceled this year for at least 150 global natural gas and oil projects, ranging from export terminals to the deepwater, could leave at least $125 billion a year on the table for the next five years, according to Tudor, Pickering Holt & Co. (TPH). ExxonMobil Corp. is estimated to have the largest exposure.

Oil and natural gas projects shelved since oil prices tumbled in 2014 could leave at least $125 billion a year on the table investment-wise over the next five years and endanger 125 billion boe-plus of resources, an analysis by Houston’s Tudor, Pickering, Holt & Co. (TPH) has determined.

New York Gov. Andrew Cuomo said he will make the long-delayed decision on whether to lift a moratorium on high-volume hydraulic fracturing (HVHF) before the next gubernatorial election in 2014.

The Colorado Oil and Gas Conservation Commission (COGCC) reconvened Thursday in Denver, but was unable to resolve lingering issues and delayed until Feb. 11 finalizing new setback requirements for oil and natural gas wells.

Elected officials in the Town of Chenango, NY, voted 3-2 to reject a moratorium on local ordinances that, if enacted, would have delayed permitting for oil and natural gas activities, including hydraulic fracturing (fracking), within the Broome County town’s limits.

The North Dakota Industrial Commission on Monday delayed for further study a decision on a $1.1 million state grant for a pilot project to turn flared natural gas in the Bakken Shale into fertilizer for the state’s farming industry. The three-member commission of elected officials, including the governor, wants more study of the project’s feasibility.