BP reduces Tangguh LNG budget by at least $2 bln
UK oil and gas major BP has reduced its budget for Train 3 of Indonesia’s Tangguh LNG plant from $12 billion to $8-10 billion as a result of weak oil and gas prices.
- Natural Gas Daily ▾
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Shell treads water in Vaca Muerta
The supermajor has come up against Argentina’s strict water laws in the Vaca Muerta shale play. An army of trucks seems to be the only answer.
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- Algeria to woo IOCs with prospecting licences
- Carbon pricing to transform energy sector
- Saudi Arabian drilling boosts Middle East rig count
- Southeast Asian LNG prices fall below $6/MMBtu
- EU has high hopes for energy security with US LNG
- AltaGas and Astomos sign MOU for LPG supply
- Indian government calls for greater gas use in New Delhi
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- Global Gas Analytics ▾
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Upstream cuts create potential for supply shock
Oil and gas companies are finding it increasingly difficult to obtain finance for upstream projects, but a lack of investment now could spell a supply shock later.
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- Kuwait sees intense inter-sector competition for gas
- Upstream cuts create potential for supply shock
- Henry Hub futures to receive weather-related boost
- European hub prices fall, but only marginally
- Egypt shines as an LNG importer
- South Korea’s gas decline – time for a turnaround
- LNG exports from Trinidad and Peru losing steam
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