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Key hurdles for the two projects include the country's caps on domestic gas prices, limits on gas exports and the high costs for carbon capture and storage - required for new gas projects to help fight global warming. Last month, Shell (SHEL.L) said it would sell its holding in the Masela project to Indonesia's Pertamina and Malaysia's Petronas, while Chevron (CVX.N) agreed to sell its stake in the IDD project to Italy's Eni (ENI.MI). Reuters GraphicsNEW TERMS NEEDEDOnce one of the world's top five liquefied natural gas (LNG) exporters, Indonesia's LNG exports have halved in the past decade, Kpler data showed. The country has not approved a major oil or gas project since 2016 - the expansion of BP's (BP.L) Tangguh LNG plant. The current formula for splitting revenue between the government and investors in gas projects sets the base rate at 48% for companies.

Persons: magnifier, Dado Ruvic, Benny Lubiantara, Andrew Harwood, Wood Mackenzie, SKK Migas, Benny, Prateek Pandey, Takayuki Ueda, Naing, Inpex's Ueda, Fransiska Nangoy, Bernadette Christina Munthe, Emily Chow, Yuka Obayashi, Florence Tan, Sonali Paul Organizations: REUTERS, Indonesia, Shell, Chevron, Indonesia Deepwater Development, Petronas, Eni, Essential Services, Reuters, Indonesia Petroleum Association, Rystad Energy, BMI Research, Fitch Group, Tcf, Thomson Locations: Indonesia, JAKARTA, Jakarta, Chevron, Tokyo, Masela, Singapore

☆ Fact Check-Michigan video does not show illegal ballots delivered in 2020 elections
▼ + stars: | 2023-07-25 | by ( Reuters Fact Check | ) www.reuters.com time to read: +2 min

There is no evidence a video of a white van delivering verified ballots at Detroit’s vote-counting arena in the early hours of Nov. 4, 2020, shows ballots being delivered illegally in Michigan, contrary to posts online. Local authorities have said it shows ballots that had been verified prior to voting deadlines. “Early in the morning on Wednesday, November 4, approximately 16,000 ballots were delivered in a white van used by the city. Thomas said in an email to Reuters that the white van in the video is the same van referenced in the affidavit. Local authorities said it shows ballots that had been verified prior to the legal deadlines.

Persons: Trump, Elon Musk, Dana Nessel, Donald Trump, Christopher Thomas, Thomas, Read Organizations: Michigan, GOP, Facebook, Reuters, TCF Center ., TCF Center, City Locations: Michigan, Detroit

☆ As natural gas prices tumble, new worries for U.S. shale patch
▼ + stars: | 2023-02-09 | by ( Liz Hampton | ) www.reuters.com time to read: +2 min

Feb 9 (Reuters) - A 46% drop in natural gas prices this year is rippling across the U.S. shale patch, threatening to slow drilling and chill deal-making in a move unthinkable six months ago as global demand soared. Analysts are chopping their outlook for gas prices this year, and for production and earnings. Such moves were unfathomable six months ago as Russia reduced its gas flows to Europe and U.S. gas became a hot commodity. Analysts expect gas drilling rigs to fall beginning this month. Prices will remain around $2.50 per mmBtu this summer, down from an earlier $3.50 per mmBtu outlook, predicts energy technology firm Enverus.

PDVSA has found reserves of 4.2 trillion cubic feet (TCF) in the Dragon field, on the Venezuelan side of its maritime border with Trinidad. Even with Washington's granting of Trinidad's request, it could take years of investment and development to bring Venezuelan gas to Trinidad and boost LNG to Europe, experts say. In addition, with no payments authorized to Venezuela, it could be difficult for Trinidad to craft a deal with Caracas. "At the request of the Government of Trinidad and Tobago, the United States Department of the Treasury issued a specific license to enable Trinidad and Tobago to develop the Dragon gas field," the senior administration official said. The Chevron license is meant to reopen some oil flows that were shut by U.S. sanctions nearly four years ago.

[1/2] Michigan Governor Gretchen Whitmer speaks during a vaccine mobilization event at TCF center in Detroit, Michigan, U.S. July 12, 2021. REUTERS/Rebecca CookDec 15 (Reuters) - Three men convicted of playing supporting roles in a foiled plot to kidnap the governor of Michigan in 2020 were sentenced to multiple years in prison on Thursday, as two of the conspiracy's ringleaders await sentencing before the end of the month. During the two-hour hearing, the men - dressed in orange prison jumpsuits - sat with their attorneys with their hands shackled to their waists. The group planned to break into Whitmer's vacation home, kidnap her and take her at gunpoint to stand "trial" on treason charges, prosecutors said. In August, two alleged militia members accused of conspiring to trigger a "second American revolution" in the kidnapping plot were found guilty of kidnapping conspiracy charges.

If approved, its gas could restart an idled liquefaction train with a 500 million cubic feet per day (cf/d) capacity at Trinidad's flagship Atlantic LNG project. The facility is a venture mainly including Shell (SHEL.L), BP and state-owned National Gas Company of Trinidad and Tobago (NGC). YEARS OF WORK AHEADTrinidad is Latin America's largest liquefied natural gas (LNG) exporter, with installed capacity to process 4.2 billion cf/d into LNG, petrochemicals and power. Even if Washington granted Trinidad's request, it could take years of investment and development to bring Venezuelan gas to Trinidad and boost LNG to Europe. That project follows an amended production sharing contract for the Manatee gas field in Trinidad, which extends to Venezuela's Loran field.

☆ If a recession comes, don't count on unemployment insurance — states aren't ready to give you benefits
▼ + stars: | 2022-11-01 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +4 min

The result: Many states pay little and for fewer weeks, and it takes over a month to get benefits. And, if you do need to access UI benefits, they might not arrive for a while. Right now, according to the TCF report, just 15 states are doing that. Black workers are more likely to live in states with lower benefits. Many states have cut how many weeks workers are eligible for benefits over the last decade or so.

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