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Australia’s Mega LNG Projects are in Serious Trouble
Australia’s Mega LNG Projects are in Serious Trouble In the US, natural gas is dirt cheap. The price peaked in 2008 and has since collapsed. It remains below the cost of production, even today. Two natural gas drillers have recently buckled and declared bankruptcy. In the international markets, natural gas is traded as Liquefied Natural Gas […]
Global Demand Picture For Natural Gas Looks Increasingly Sour
Global Demand Picture For Natural Gas Looks Increasingly Sour Bearish moods seemed to have permanently settled in energy markets. The first and most obvious victim of the nosediving oil prices has been natural gas. Once seen invincible, liquefied natural gas (LNG) growth could now be racing to the edge of a cliff. Falling natural gas […]
LNG Project Would Affect ‘Grand Central Station’ for Salmon, Researchers Say
LNG Project Would Affect ‘Grand Central Station’ for Salmon, Researchers Say Science letter asks gov, industry to acknowledge ‘full impacts’ of BC project. The proposed Pacific Northwest LNG project and related pipelines located at the mouth of the Skeena River in northern British Columbia would affect more than 40 different salmon populations harvested in at […]
Enviro Assessment Review for Proposed $1.7-Billion LNG Plant Resumes
Enviro Assessment Review for Proposed $1.7-Billion LNG Plant Resumes Woodfibre LNG approved to continue process after 40-day delay. The B.C. government-led environmental assessment review for a proposed liquefied natural gas plant in Howe Sound has resumed. The 180-day process was paused June 30, after the Squamish Nation issued a 25-point ultimatum to address concerns about […]
Is Natural Gas As Clean As We Think?
Is Natural Gas As Clean As We Think? This week U.S. President Barack Obama took aim at the American coal industry as part of a comprehensive climate change plan to limit air emissions from what many consider the country’s worst polluter. Under the plan, states will have until 2030 to cut CO2 levels by a third from […]
Petronas’s Silence on BC LNG Act Sends Disquieting Signal
Petronas’s Silence on BC LNG Act Sends Disquieting Signal Busy passing project terms, BC forgot to check on events abroad. As the British Columbia legislature passed its “historic” Liquefied Natural Gas Project Agreements Act on July 21 after a lively eight-day debate, the most important player for which the special summer session of Parliament was […]
Will ‘Corner Office Syndrome’ Be The Downfall Of Canada’s Oilfield Services?
Will ‘Corner Office Syndrome’ Be The Downfall Of Canada’s Oilfield Services? No sector of the economy should be considering the urge to merge more than Canada’s beleaguered oilfield services (OFS) business. The signals are powerful: overcapacity in virtually every product and service line; prices down to slimmest of margins; bankers are unhappy and getting twitchy; […]
BC’s Gas Export Hopes Face ‘Scandal that Ate Malaysia’
BC’s Gas Export Hopes Face ‘Scandal that Ate Malaysia’ Asian nation’s PM, key to $36 billion LNG bid by Petronas, in corruption probe. The prime minister of Malaysia, who is central to British Columbia’s liquefied natural gas development ambitions, is the subject of a major financial corruption scandal rocking his country. Earlier this month The […]
Nine LNG Questions for British Columbians to Ask Their Politicians
Nine LNG Questions for British Columbians to Ask Their Politicians Pressing queries in light of high-stakes Petronas agreement just passed. The British Columbia legislature has just ratified a long-term agreement to lower royalties and taxes for a $38-billion liquefied natural gas project proposed by Malaysia’s state-owned oil company, Petronas. Pacific Northwest LNG, a consortium that […]
BC LNG Deal Lets Petronas off Hook for Two Kinds of Emissions
BC LNG Deal Lets Petronas off Hook for Two Kinds of Emissions Carbon ‘free pass’ imperils BC’s climate targets, say critics. The B.C. government plans to subsidize Malaysian gas giant Petronas to the tune of $16 million, in part due to a promise to exclude a significant chunk of the greenhouse gas emissions from the Pacific NorthWest LNG […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
BC LNG Lost Its Window of Opportunity, Study Finds
BC LNG Lost Its Window of Opportunity, Study Finds Projects unlikely to be economic for another decade: Oxford Institute energy report. The window of opportunity to capture Asian gas markets has eluded proposed liquefied natural gas projects in British Columbia, and as a consequence it is unlikely that any LNG projects will likely be commissioned […]
Who Is BC’s Big LNG Partner? A Petronas Primer
Who Is BC’s Big LNG Partner? A Petronas Primer Group led by Malaysia’s national oil company aims to build terminal near Prince Rupert. Just one week after the Lax Kw’alaams band rejected a $1-billion offer by Petronas to build a liquefied natural gas terminal at the mouth of the Skeena River in British Columbia, Premier […]
Canadian LNG Export Future Delayed, But Not Dead Yet
Canadian LNG Export Future Delayed, But Not Dead Yet As the Lax Kw’alaams community rejected a $1 billion offer from Pacific NorthWest LNG as compensation for a proposed natural gas project this week, the global energy community took notice. With the native tribe turning down such an enormous sum of money, the rejection could put […]
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion
Petronas Hoping To Buy First Nations Tribes’ Support For $1 Billion Petronas is willing to pony up nearly $1 billion to secure the support of First Nations tribes in western Canada for its natural gas export project. The Malaysian state-owned oil company is offering C$1.15 billion (USD$950 million) to the Lax Kw’alaams tribe in order to build […]
