Oil & Gas Wrap

Oil & Gas and similar industry related news

Oil drop could pose problems for LNG

According to a news release from Fitch Ratings, the recent “oil drop” may slow U.S. LNG and weaken the eco­nomics of natural gas.

“The recent nearly 50 percent 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.

EPA proposes stricter methane emissions reporting standards

Pumpjacks extract oil from a well in Orangefield.


The U.S. Environmental Protection Agency (EPA) signed two actions Friday, Nov. 14, amending subpart W of the greenhouse-gas reporting program and revising annual methane emissions reporting requirements by oil and gas companies.

One rule, effective Jan. 1, 2015, eliminates certain moni­toring methods currently used by oil and gas companies to report methane emissions and was finalized Nov. 14. A sec­ond rule was proposed that would require new methane emissions data to be reported. This rule is expected to take ef­fect in 2016.