Global Gas Perspectives: LNG plant cost reduction between 2014 – 18

Global Gas Perspectives: LNG plant cost reduction between 2014 – 18

In his recent papers for OIES on the future of gas in Europe and the global energy economy, Jonathan Stern identified affordability as a key factor in determining whether gas would play a major role in Non-OECD countries. As the majority of traded gas will be LNG, the key question is therefore whether the cost of developing new liquefaction projects can be low enough to allow the gas to be competitive when it reaches the…

Read More

Industry Analysis: The Cost of Shipping LNG

The cost of shipping LNG has always been an important element to include in the assessment of new LNG project breakeven economics, or in selecting the optimum destination for a spot cargo of LNG.  This Energy Insight has prompted a perception that convenient rules of thumb for LNG transport costs were becoming outdated. 

Read More

Africa Oil & Gas: Angola Oil Industry in danger due to high production costs

The Director of Total E&P Angola, Jean-Michel Lavergne, warned that if oil exploration costs in Angola did not come down significantly, the country runs the risk of no longer having an oil industry, according to financial news agency Bloomberg. “If there is not a significant reduction in costs, everything will stop,” Lavergne told Bloomberg adding that if conditions do not improve, the Angolan oil industry “will disappear,” assuming that the price per barrel of oil…

Read More

RIGZONE: Top Oil Drillers Face Years Of Pain, Get A Grip On Cost

The world’s biggest offshore drillers reported plunging earnings and orders on Thursday but managed to get a grip on costs to improve their chances of riding out a sectoral crisis that could last several more years. Transocean made a net loss in the fourth quarter while rival Seadrill’s bottom line nearly halved as both wrote down the value of their business and earned lower revenue after charter rates plunged.

Read More