BP plc’s decision to rethink one of its long-planned mega-projects in the deepwater Gulf of Mexico (GOM) is one of a growing list of big industry projects that today are being reconfigured because of cost overruns and changing market conditions.
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Cost Overruns, Labor Shortages Dogging Mega Projects
BP plc’s decision to rethink one of its long-planned mega-projects in the deepwater Gulf of Mexico (GOM) is one of a growing list of big industry projects that today are being reconfigured because of cost overruns and changing market conditions.
Some U.S. Oil Producers Taking Rail, Barges Over Pipes
Oil, the latest growth engine of the U.S. unconventional boom, is spurting up from the ground at an exceptional pace, which is leading many operators to rethink where — and how — they want to deliver their reserves for the best prices.
Low Gas Prices Impact WPX Spending, Rig Count
WPX Energy, newly spun off from Williams, is having to rethink its first full year as an exploration and production (E&P) company because of sustained low natural gas prices, the company said late Monday.
Shales Heating Up Talk of U.S. as LNG Exporter
The surge of U.S. shale gas supplies has caused a large-scale rethink on liquefied natural gas (LNG) and the relationship of the U.S. gas market to that of the rest of the world. Those who used to watch U.S. shores for inbound tankers now wonder how soon and how many tankers will leave this country loaded with liquefied shale gas.
NGVs Still Seen as Gas Growth Sector, Research Firm Says
As policymakers, stakeholders and industry players all try to rethink the domestic natural gas landscape, the use of gas in transportation continues to raise expectations for robust growth in the next few years. A report from Colorado-based energy research firm Pike Research LLC reiterated the growth scenario, but not without some caveats.
NGV Sector Growing, With Caveats
As policymakers, stakeholders and industry players all try to rethink the domestic natural gas landscape, the use of gas in transportation continues to raise expectations for robust growth in the next few years. A report from Colorado-based energy research firm Pike Research LLC reiterated the growth scenario, but not without some caveats.
Industry Claims EPA’s Proposed Air Standards Might Increase Pollution
Calling newly proposed air emission standards to be imposed on the oil and gas industry an “overreach,” industry groups on Friday continued to lobby the U.S. Environmental Protection Agency (EPA) to rethink its plans. In fact, the Marcellus Shale Coalition (MSC) warned that the standards could stifle natural gas production, which could promote the use of other less-clean energy sources.
MSC: EPA’s Proposed Air Standards ‘Overreach’
Calling newly proposed air emission standards to be imposed on the oil and gas industry an “overreach,” industry groups on Friday continued to lobby the U.S. Environmental Protection Agency (EPA) to rethink its plans. In fact, the Marcellus Shale Coalition (MSC) warned that the standards could stifle natural gas production, which could promote the use of other less-clean energy sources.
Renewable Frenzy Forces Oil and Gas to Rethink Strategies
A structural shift is under way in the energy industry, forcing natural gas and oil companies to rethink not only corporate strategies but also how they share their visions with the public and policymakers, a panel of energy executives said last week at the Offshore Technology Conference.