In energy debates, fear and ignorance form a lethal combination. When the subject is LNG, the two can wreak havoc among otherwise rational people trying to reach reasonable, long-term decisions on natural gas supply.
In overnight electronic trading Mar. 27, crude futures prices jumped more than $5 to $68.09/bbl in New York and to $69/bbl for North Sea Brent in London, marking the biggest 1-day price change since December 2001.
LNG imports are expected to increasingly contribute to total worldwide supplies, but it’s less certain that overseas export projects will keep pace with demand, a leading market observer suggested.
Rocky Mountain oil and gas producers completed their ‘Washington Call-Up’ annual visit to Washington generally satisfied that meetings with members of the 110th Congress and their staffs went well, officials of the Independent Petroleum Association of Mountain States said.
The US Supreme Court ruled Apr. 2 that the US Environmental Protection Agency has the authority, under the Clean Air Act, to enact limits on carbon dioxide emissions.
Carbon dioxide capture and storage (CCS) can cut CO2 emissions on a large scale at competitive cost, according to the International Carbon Sequestration Leadership Forum (CSLF).
Chemical plant owners will be required to assess risk levels at their installations and submit a security vulnerability assessment and site security plan if the facility is high-risk under new regulations imposed by the US Department of Homeland Security on Apr. 3.
Sinopec conducted 9 months of managed-pressure drilling (MPD) operations in hard rock and sour-gas formations in the Puguang field, Sichuan province, southwestern China.
After the devastation to the US Gulf Coast area in 2005 caused by Hurricanes Katrina and Rita, BP PLC in 2006 put into operation a new hurricane and major storm management system.
Starting with this issue, Oil & Gas Journal will report LNG price netbacks for LNG supply from six gas liquefaction plants into six market destinations.
