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Oil crash prompts Chevron to cut spending on B.C. LNG project

Chevron Corp. is significantly slowing spending on the Kitimat liquefied natural gas project in Canada amid a crash in crude prices and global competition.

The San Ramon, California-based producer’s move follows Petroliam Nasional Bhd.’s December delay of a final investment decision on its $36 billion Canadian LNG project and BG Group Plc’s pause of development at its Pacific Coast proposal in the country in October. 366 more words

Energy

OIL PRICES, POLITICS AND THE VOTING PUBLIC: CONNECTING THROUGH FINANCE

By Olawale Adebambo

The economics of the tumbling oil prices are perhaps best understood from the perspective of ‘energy producers’ and ‘energy importers’; a standpoint where dwindling revenues threaten incomes in the former group; where lower fuel prices, improved incomes, etc, are the gains to importer nations. 1,444 more words

Oil & Gas

Small-scale LNG projects in British Columbia nudge ahead

Small-scale liquefied natural gas projects are emerging as bright spots in British Columbia’s bid to become a major exporter of natural gas, with two floating projects on the Canadian province’s Pacific Coast moving ahead even as larger projects face delays. 353 more words

Energy

2015 Seen as a Pivotal Year for LNG in the U.S.

The unexpected plunge in the price of crude oil is throwing the energy markets in turmoil. It could force energy companies to defer $150 billion in future projects. 313 more words

LNG

Obama rafforza l'intesa con l'India

Il Presidente statunitense e il Premier indiano, Narendra Modi, concordano una partnership in ambito nucleare, climatico e militare. La crescita della Cina e la collaborazione Trans Pacifica le motivazioni del rafforzamento delle relazioni tra Stati Uniti ed India… 531 more words

Guerra Energetica

Steering Toward Sustainability

Earlier this year, scientists reported that 2014 was the hottest year in recorded history, underscoring the urgency of action to reduce emissions that contribute to climate change. 680 more words

Sustainability

Mozambique’s extractive sector revenue triple boosted by capital gains tax

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Revenue from the extractive sector in Mozambique hit almost $400 million in 2012 thanks to the introduction of capital gains tax in the country according to a new… 232 more words

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