Tag Archives: LNG

API Issues Three New Integrity Management Standards for Offshore Natural Gas and Oil Production

Today, API published three new Integrity Management (IM) standards to ensure the continued reliable and efficient operation of offshore floating production platforms, including facilities designed to produce natural gas and oil, and export liquefied natural gas (LNG).  “We continuously publish and revise standards to make offshore natural gas and oil…

Fitch: Oil drop may slow U.S. LNG, weaken economics

The recent nearly 50 per cent drop in oil prices may slow the momentum behind the development of U.S. liquefied natural gas (LNG) facilities, according to Fitch Ratings. Oil price declines have weakened global LNG prices and could increase Henry Hub gas pricing, weakening current U.S. LNG project economics. Traditional…