Editorial comment

A. Blume, Managing EditorAdrienne.Blume@GulfPub.com Falling crude oil prices have impacted profit forecasts for oil and gas producers, as well as for petrochemical makers and gas processors. Companies with revenue streams that are tied to the dollar price of oil are scaling back on costs, including construction expenses for major capital-intensive projects.  In the gas processing sector, projects under scrutiny include multibillion-dollar LNG and GTL ventures. Gas projects that have been suspended as a result of the oil price drop include Sasol’s $14-B GTL plant in Lake Charles, Louisiana; Petronas’ $11.4-B Pacific NorthWest LNG project in British Columbia, Canada; and Shell’s $25.5-B Arro