London company, which is also an oil producer, plans operational efficiencies and a shift toward natural gas.
Macro trends show NGL production growth slowing down, allowing higher U.S. LPG exports in the year ahead.
With few capital options, and external uncertainties ranging from OPEC actions to election outcomes, E&Ps are increasingly being asked to prove their prowess to generate free cash flow.
In an unpredictable market, newly minted E&Ps have abandoned the old models of building ready-to-drill assets and instead are forging ahead with new models, operating strategies and leaders.
Tough times forecast for oil service providers.
Despite substantial growth by the ranked companies, there wasn’t much movement in our annual rankings, with the top spots retained by MPLX and Energy Transfer.
Second-wave and modular LNG enter the picture, as do big plants in British Columbia.
The U.S. will make up 67% of growth in global LNG exports between 2019 and 2024 while 33% of global imports are expected to go to China.
Russian President Vladimir Putin and his Chinese counterpart Xi Jinping on Dec. 2 oversaw the launch of a landmark pipeline that will transport natural gas from Siberia to northeast China, an economic and political boost to ties between Moscow and Beijing.