Energy: Convey Lng Majors Learned Their Lesson?

Probably not.
There's a lot of materials coming online too the large players volition bring to:

a) sell it
b) resist the urge to at i time reinvest.

From United Press International:

LNG side past times side examination for working capital missive of the alphabet efficiency
The side past times side twelvemonth too a one-half volition examination whether the large unloose energy companies bring learned a feel of discipline, consultant grouping Wood Mackenzie reported.

Aug. xiv (UPI) -- The unloose energy majors are getting to a greater extent than efficient amongst megaprojects offshore, only it volition endure planned LNG projects that examination their mettle, Wood Mackenzie found.

Influenza A virus subtype H5N1 study sent Tuesday to UPI from the consultant grouping constitute deepwater efforts are improving. During the concluding decade, the xv largest efforts offshore were belatedly too collectively $80 billion over budget. Better planning, improved corporate champaign of study too the mightiness to necktie novel projects into existing developments bring partly erased that trend.

Angus Rodger, a inquiry manager at Wood Mackenzie, said "value destruction" is becoming a matter of the past times for upstream projects. The side past times side test, he said, volition endure inwards emerging liquefied natural gas projects.

"After a fallow menses inwards novel LNG projection sanctions, too megaprojects inwards general, the side past times side eighteen months volition probable meet a pace change," he said inwards a statement. "This volition endure the existent examination of whether the manufacture has addressed the resultant of piteous delivery."

French supermajor Total inwards the bridge of a calendar month revealed progress at 2 of its LNG projects. The start shipment from the bit liquefaction facility at the Yamal LNG flora inwards the Russian Arctic was announced concluding week, ahead of schedule.

"Following the successful start-up of Yamal LNG inwards Dec concluding year, the start shipment from the bit develop ahead of schedule is around other major milestone for this world-class LNG project," Chairman too CEO Patrick Pouyanné said inwards a statement....MORE