Even with funding based on a thorough engineering definition, operators could still see a cumulative $111-billion cost overrun.
In sum, for the region’s gas exporters, on the one hand exports of LNG though costlier to transport, offer greater market flexibility and security than piped supplies. For gas importers, if local political tensions are resolved, piped natural gas is a very price competitive solution but LNG could still have a role in topping up supplies.
Geopolitical issues and industry disruptions are confusing the oil market.
Occidental Petroleum, ranked 167 in Fortune 500, recently snatched victory from Chevron with a winning bid of $38 billion for one of the largest U.S. Independent oil and gas companies; Anadarko ranked just 237, making this the largest American oil and gas merger in more than a decade and the […]
In reality, President Trump’s sanctions to stop Iranian crude exports are likely to be harder than envisaged and their success might lead to unanticipated crude price increases, which would be bad news for the world economy.