OPEC, for some quiet moments..

[admin]

Bechtel has been selected by Delfin LNG, a wholly owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design (FEED) for the first U.S.-based floating liquefied natural gas (FLNG) vessel to go into service at Port Delfin. Port Delfin is a proposed deepwater port and floating LNG facility that will be located approximately 50 miles off the coastline of Cameron Parish, Louisiana. Delfin LNG's project will be the first offshore floating natural gas liquefaction facility in the U.S. Upon the final investment decision, Bechtel is expected to design, build and commission the FLNG vessel.

Bechtel wins FEED contract for first FLNG facility in U.S.

Iranian Minister of Petroleum Bijan Zangeneh says Iran is planning to open a new chapter in cooperation with the French energy giant, Total, for the development of Iranian oil fields. Speaking to reports on the sidelines of a Wednesday meeting with visiting French Foreign Minister Laurent Fabius, Zangeneh discussed the highlights of the meeting.

Iran planning for investment from France’s Total

The main conclusion from our trip that was broadly shared by participants is that the fundamentals of the Russian energy companies remain among the strongest in the global energy universe. Attractive growth opportunities exist, along with government support through tax reforms. In addition, cash flow generation and dividend coverage is much stronger than for global peers. However, our discussions with investors suggest that many remain concerned over corporate governance and guarantees of minority shareholder rights.

Russian energy and the Kremlin discount, charted | FT Alphaville

The growing acceptance that oil prices could stay lower for longer will kick off a fresh round of cuts in spending and workforces for the oil industry. “It’s a monumental challenge to offset the impact of a 50% drop in oil price,” Fadel Gheit, an analyst with Oppenheimer & Co., told the WSJ. “The priorities have shifted completely. The priority now is to discontinue budget spending. The priority is to live within your means. Forget about growth. They are now in survival mode.”

Global Oil Supply More Fragile Than You Think - Yahoo Finance