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Ninety-nine percent of BG Groups shareholders approved the deal.
Shell CEO Ben van Beurden said he was pleased by “the confidence that shareholders have shown in the strategic logic of the combination of Shell and BG.”
While Schlumberger’s CEO said he wants the industry to rebound soon, he said the longer the downturn lasts “the stronger we will emerge relative to our competition.”
Cheney said the U.S. should get more involved with energy diplomacy to weaken its enemies
The U.S. company is preparing to begin shipments from its $54 billion Gorgon project off northwest Australia.
The shipment was originally secluded to depart in late January.
The surge in oil and gas output from U.S. shale drillers has the potential to transform world markets. At home, it’s left a chain of idle import facilities from the Northeast to the Gulf Coast, as energy companies pile onto the export bandwagon instead.
Cheniere Energy is receiving about 50 million cubic feet of the fuel a day, chilling it into LNG at the Sabine Pass terminal and storing it in tanks before the first export, says an ING Capital official.
The 270-mile Aegis pipeline, which runs to Napoleonville in Louisiana, begins at Enterprise’s natural gas liquids hub near Houston.
The analysis, posted on the Energy Department’s website Monday, comes as U.S. regulators consider an unprecedented number of proposals to export natural gas from booming shale fields.