Trump to Promote US Natgas Exports in Russia's Backyard
President Donald Trump will use fast-growing supplies of U.S. natural gas as a political tool when he meets in Warsaw on Thursday with leaders of a dozen countries that are captive to Russia for their energy needs. In recent years, Moscow has cut off gas shipments during pricing disputes with neighboring countries in winter months. Exports from the United States would help reduce their dependence on Russia. Trump will tell the group that Washington wants to help allies by making it as easy as possible for U.S.
BLM Supports Expanding Oil and Gas Pilot Offices
Bureau of Land Management (BLM) Director Neil Kornze today testified before the Senate Energy and Natural Resources Committee on a bill that would increase the efficiency of oil and gas permitting on public lands and coordination among agencies by continuing the BLM’s Oil and Gas Pilot Office program. During his testimony on S. 2440, the BLM Permit Processing Improvement Act of 2014, Kornze described the key role pilot offices play in supporting the Administration’s All-of-the-Above energy strategy to create jobs and reduce the nation’s dependence on foreign oil. “The Obama Administration has made it a priority to permit environmentally responsible oil and gas development on the nation’s public lands,” Kornze said.
Deep-water Ports Give Region Competitive Edge
Senior executives from the region’s largest ports and shipping organisations, including ADPC (Abu Dhabi Ports Company) and DP World, took to the stage today (Tuesday 29 March) at the World Ports and Trade Summit. Tony Douglas, CEO, ADPC (Abu Dhabi Ports Company), joined Dirk Van Den Bosch, Chief Commercial Officer, DP World and Peter Ford, CEO, Port of Salalah, Oman in discussing the future challenges and opportunities for the Middle East ports and trade sector. The consensus was that customer service…
McDermott Profit Falls 22%
Revenue increased 6 percent to $1.45b from $1.36b a year earlier, as higher offshore oil and gas construction and government revenue offset lower power generation systems revenue. The company said it posted a $68.3m drop in income in its offshore oil and gas construction segment, mainly due to a high-level of unproductive offshore working days for major construction vessels during the 2008 first quarter, because of poor weather conditions and reduced activities in the Caspian region. McDermott said offshore oil and gas revenue rose to $645.9 from $550.3m as fewer activities in the Caspian region were offset by added work in the Middle East and Asia Pacific regions.
