Coastal Bend LNG has selected KBR and Tecnicas Reunidas to handle the front-end engineering and design (FEED) for their proposed natural gas liquefaction and export facility located on the Texas Gulf Coast.
West Texas Intermediate could drop all the way to $50 per barrel towards the end of this year, Goldman Sachs energy analysts said in a note that cited an expected market imbalance with excess supply that would put pressure on benchmarks.
Curious Minds Corner
How deep can oil and gas reservoirs be?
Some reservoirs are found more than 30,000 feet (9,000 meters) below the Earth’s surface, especially in ultra-deep offshore fields.