LNG


All posts for LNG

Your Weekly Update: 3 - 7 June 2019

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 27 - 31 May 2019

Of the 21.0 billion BOE in organic proved reserves added in 2018 (that is, before accounting for revisions, net reserves purchased, or how much the companies produced), slightly more than half (10.7 billion BOE) came from the United States, while the Russia, Central Asia, and Asia-Pacific region a ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 20 -24 May 2019

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 6 - 10 May 2019

Origin Energy (and its partner Falcon Oil & Gas) isn't the only player in Northern Territories shale. Fellow Australian player Santos is also looking to start drilling in the NT McArthur basin this year, having already submitted its environmental management plan to the NT government after calling ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

United States has been a net exporter of natural gas for more than 12 consecutive months

Source:  U.S. Energy Information Administration,  Natural Gas Monthly U.S. net natural gas exports in February 2019  totaled 4.6 billion cubic feet per day  (Bcf/d), marking 13 consecutive months in which U.S. natural gas exports exceeded imports. The United States exports natural gas by pip ...

Hui Shan


Posted 5 months agoOpinion > natural gasPipelinesSTEO +3

Your Weekly Update: 22 - 26 April 2019

In March 2019, Venezuela's crude oil production (excluding condensate) averaged 840,000 barrels per day (b/d), down from 1.1 million b/d in February, according to estimates in the U.S. Energy Information Administration's (EIA) April 2019 Short-Term Energy Outlook(STEO, Figure 1). The declines in ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 5 months agoLink > ChevronanadarkoExxonMobil Shell +7

Your Weekly Update: 15 -19 April 2019

This increase in natural gas, along with relatively smaller increases in the consumption of petroleum fuels, renewable energy, and nuclear electric power, more than offset a 4% decline in coal in the United States increased to 20.5 million barrels per day (b/d), or 37 quadrillion Btu in 2018, up n ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

A New Frontier for LNG Pricing and Contracts

As the world's demand for LNG continues to grow, the world's largest LNG supplier (Shell) has inked an innovative new deal with one of the world's largest LNG buyers (Tokyo Gas), including a coal pricing formula link for the first time in a large-scale LNG contract. Both parties have named the de ...

Hui Shan


Posted 5 months agoLink > JapanCoalLNG +6

Your Weekly Update: 8 - 12 April 2019

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Texas's 2018 annual production increase of almost 950,000 b/d—driven by significant growth within the Permian region in western Texas—was nearly 6 ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 25 - 29 March 2019

EIA's Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. EIA projects f ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Africa E&P Summit Announce 2019 Program

Dear Colleagues, The Africa E&P Summit and Exhibition is delighted to announce it's 2019 program being held from the 22- 23 May and will bring together Africa's upstream industry at a world-class venue in London, for a unique event shaped for companies active in Africa's oil & gas game, and will p ...

Jodee Lourensz


Posted 6 months agoPress > OilgasAfrica +7

Your Weekly Update: 18 - 22 March 2019

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


Posted 6 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 11 - 15 March 2019

In 2017, Norway's Government Pension Fund Global – also known as the Oil Fund – proposed a complete divestment of oil and gas shares from its massive portfolio. Players like Anadarko Petroleum, Chesapeake Energy, CNOOC, Premier Oil, Soco International and Tullow Oil will now no longer receive any ...

Hui Shan


Posted 7 months agoLink > OilOil and GasOil and Gas Industry +7

Your Weekly Update: 4 - 8 March 2019

Virtual field trips to carbonate outcrops in the Middle East are planned, but filming when the sun is high in bright conditions will produce numerous areas of deep shade contrasting with brightly lit areas, creating extensive processing problems. Using VR field trips to illustrate various aspects ...

Hui Shan


Posted 7 months agoLink > Oiloil and gas newsOil and Gas Industry +7