LONDON, Sept 13 (Reuters) – Large-scale gas exports from the
United States will narrow the gap between U.S. domestic prices
and those in Asia, but the boost to U.S. domestic gas prices is
likely to be smaller than U.S. gas producers hope and consumers
In October, gas importers in Japan and Korea will pay more
than $15 per million British thermal units for shipments of
liquefied natural gas (LNG), compared with under $10 for
importers in Britain and less than $4 for importers in the
United States, according to the U.S. Federal Energy Regulatory
LONDON, Sept 12 (Reuters) – Based on regulatory approvals so
far and sales contracts already signed, the United States will
export much more liquefied natural gas (LNG) by the end of the
decade than most analysts thought possible even a year ago.
In late 2011, the U.S. Department of Energy commissioned
NERA Economic Consulting to study the impact of exports on the
U.S. economy under a number of scenarios.
LONDON, Sept 10 (Reuters) – Australia’s prime minister-elect
Tony Abbott has pledged to repeal the country’s carbon tax to
boost economic competitiveness, so it is ironic that Australia
is about to host the world’s most ambitious project for
capturing carbon dioxide and storing it underground.
Starting in 2014/15, Chevron will begin injecting 120
million tonnes of pressurised supercritical carbon dioxide 2.5
kilometres underground as part of its giant Gorgon LNG project.
LONDON, Sept 9 (Reuters) – Syria has revealed a deep rift
between international relations experts and ordinary voters in
Britain, France and the United States over intervening in the
country following the apparent use of chemical weapons.
In 2008, the financial crisis revealed that the “masters of
the universe” who ran the banks were not actually all that good
at controlling risk – leading to a sharp reduction in their
status and influence with politicians and the public.
LONDON, Sept 5 (Reuters) – The market for giant engineering
projects has begun to cool after running red hot for a decade.
Mining companies have been among the most aggressive in
postponing or cancelling projects, but major capital
expenditures are also being deferred by oil and gas companies
Like most other developments in the oil and gas sector, the
changing environment for large-scale projects stems from the
shale revolution. Shale has transformed the outlook for oil
prices and sources of supply that underpinned so many of the
megaprojects launched earlier in the century.
LONDON, Sept 3 (Reuters) – Order books for major engineering
and construction companies serving the oil and gas sector have
fallen in the last year, pricing is becoming increasingly
aggressive and profit margins have shrunk, all of which suggest
pressures on the engineering supply chain are starting to ease.
Exploration, production and refining in the petroleum
industry as well as the supply chain are characterised by long
lead times as well as long and pronounced investment and price
LONDON, Sept 2 (Reuters) – Encouraged by some of the highest
starting salaries available in any industry, record numbers of
students are enrolling in petroleum engineering courses at U.S.
It is part of a broader renaissance in engineering
education, which should eventually ease severe skill shortages
in the oil and gas sector.
LONDON, Aug 29 (Reuters) – The rapid rise in oil prices
since the beginning of June has all hallmarks of a mini-bubble,
drawing in a host of hedge funds and money managers, nearly all
of whom are positioned the same way, expecting prices will rise
The question is whether it will inflate further, or is about
Could the commencement of military action against targets in
Syria be the trigger for oil prices to turn lower?
LONDON, Aug 27 (Reuters) – Should oil and gas producers be
allowed to hydraulically fracture wells even if there is a small
but hard-to-quantify risk to the environment, property and human
That is the question politicians, environmentalists, local
residents and the media are all grappling with across large
parts of the United States, Britain and other countries.
LONDON, Aug 23 (Reuters) – The United States has emerged as
a big net exporter of propane and other liquefied petroleum
gases (LPGs), thanks to the shale revolution, becoming a prime
supplier of heating, cooking and motor fuel for countries across
Where once massive gas tankers arrived importing LPG from
Algeria, Nigeria, Saudi Arabia and Venezuela, to help meet
winter heating demand in the United States, now an increasingly
large fleet of LPG tankers is taking U.S.-produced LPG south to
Brazil, Chile and Mexico, and even across the Atlantic to