Competition for labor, coupled with rising costs for steel and consumables, should keep operating costs for natural gas and oil projects moving higher in 2011, according to new research by industry consultant IHS.
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Upstream Capital, Operating Costs Jump Again
Competition for labor, coupled with rising costs for steel and consumables, should keep operating costs for natural gas and oil projects moving higher in 2011, according to new research by industry consultant IHS.
Michigan Relying More on Pipeline Imports
As natural gas production in Michigan posts its 14th consecutive year of decline, a Michigan Public Service Commission (PSC) report projects interstate pipeline deliveries to the state will be 664.2 Bcf in 2011, a 14.2% increase.
Analyst: Hurry Up with LNG Export Contracts
Two projects that would add natural gas liquefaction and export capacity to existing Gulf of Mexico liquefied natural gas (LNG) import and regasification terminals at Cameron Parish, LA, and Brazoria County, TX, need to ink contracts quickly in order to beat shrinkage in LNG export margins, according to Societe Generale (SG).
Analyst Sees LNG Export Contracting Challenge
Two projects that would add natural gas liquefaction and export capacity to existing Gulf of Mexico liquefied natural gas (LNG) import and regasification terminals at Cameron Parish, LA, and Brazoria County, TX, need to ink contracts quickly in order to beat shrinkage in LNG export margins, according to Societe Generale (SG).
Pennsylvania PUC Kicks Laser Gathering Project Back to ALJ
Laser Northeast Gathering Co. LLC’s wait to learn whether it can construct a gas gathering pipeline with “public utility” status in the heart of Pennsylvania’s Marcellus Shale country was extended Thursday when the Pennsylvania Public Utilities Commission (PUC) voted to remand the case to an administrative law judge (ALJ).
Montney, Horn River Future Includes GTL, LNG Analyst Says
Thanks to the Montney and Horn River shale plays, Western Canada can hold its own in the natural gas renaissance; however, production from these developing plays will not offset declines in the region’s conventional gas production, according to Ziff Energy Group’s Edward Kallio, director of gas consulting.
Velocity Midstream Adds to Eagle Ford Infrastructure Plans
Velocity Midstream Partners has secured long-term commitments from Shell Western E&P for transportation and terminal services for light oil and condensate production from Shell’s position of more than 100,000 acres at the Harrison Ranch (also known as the Piloncillo Ranch) in the Eagle Ford Shale in South Texas.
Proposed Texas NGL Pipe Makes Tie with Fractionator
Targa Resources Partners LP has made an anchor commitment to DCP Midstream LLC’s Sandhills Pipeline, DCP said Monday. The long-term agreements provide for an interconnection of Sandhills to a new delivery point with Targa’s Cedar Bayou Fractionators LP facility at Mont Belvieu, TX.
Interior Mulls More Offshore Oversight, Remote Monitors
Remote monitoring of offshore oil and natural gas drilling projects is being considered by the Interior Department’s Bureau of Ocean Energy Management, Regulation and Enforcement (BOEM), Michael Bromwich said last week.