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…

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Markets: Caterpillar plummets after flagging tariffs-triggered high material costs

Markets: Caterpillar plummets after flagging tariffs-triggered high material costs

Shares in Caterpillar (NYSE: CAT), the world’s no.1 heavy machinery maker, fell more than 7% in pre-market trading Tuesday, despite the company beating earnings estimates for the tenth time in a row.

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Mozambique Oil & Gas: Exxon expands Rovuma LNG project to cut costs ahead of bank talks

Exxon Mobil will expand its Rovuma liquefied natural gas (LNG) project in Mozambique by half to cut production costs as the partners prepare to book the plant’s supply and formally tap lenders in September, the company told Reuters.

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Africa Energy: Zambia aiming for power prices that reflect costs by end 2018

Zambia plans to introduce electricity tariffs that reflect the cost of production by the end of this year, a senior government official said on Thursday, a move that could increase costs for economically vital mining firms that currently pay a flat price.

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Mozambique Energy: Private sector speaks against excessive power costs

Mozambican companies’ electricity costs have increased by more than 100 percent over the last three years, damaging the business environment in the country, according to a study on “The impact of electricity tariff increases in the business environment”.

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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. 

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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…

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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.

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