Production Cuts Not Enough To Offset Plummeting Prices, Oversupply of Natural Gas
For an industry once fueled by the law of supply and demand, the new economic reality has brought new rules.
JV Strikes Blockbuster Infrastructure Deal With ADNOC
The $20.7-billion agreement is the single-largest energy infrastructure investment in the region.
New Low for Active US Crude Oil and Natural Gas Rigs
In 2 months, the US saw a 56% decline in rig count, reaching a 33-year low.
Rapid Pivot to Gas Crucial for Future Energy Mix
There are numerous views of what the future energy landscape will look like in the next decade and beyond. When thinking about sources of primary energy, it is not a question of either/or, it is a question of what can reach scale fast enough to meet continued demand growth.
How An Oil Price Crash Can Be a Good Thing
Not everybody suffers when US oil producers slash production. Among the beneficiaries could be US gas producers who will benefit because less oil production will mean a lot less gas on the US market.
Texas Flaring Volumes Expected To Increase Alongside Oil Volumes
Texas Railroad Commissioner releases state's first flaring report.
Texas Regulators Say Yes to Flaring Over Pipeline Company’s Objections
Texas regulators rejected a rare challenge to gas flaring in the state after an oil company argued that a flaring ban would force it to shut in wells, damaging the reservoir and reducing future oil production.
Malaysia’s Petronas is Looking Near and Far for Gas and Oil
The state-owned firm is looking within its home country, around Southeast Asia, and to the Americas—including shale—in an effort to maintain its forecast average yearly production of 1.7 million BOE/D over the next 5 years.
Israel Hopes to Build on Success of First Bid Round
The second round will offer 19 offshore blocks clustered in five zones to continue natural gas development in the eastern Mediterranean’s Levant Basin.
Natural Gas is Up, Except Where It’s Down
Natural gas prices have risen in the US but not in west Texas. The contrast is a sign of the growing pains that come with explosive growth changing this increasingly competitive market.
US Projected to Become Net Energy Exporter by 2022
Continued growth in production driven by natural gas, along with a modest increase in US energy consumption, will lead the US to become a net energy exporter within 4 years according to a new report from the EIA.
Noble Leviathan Project Offshore Israel Gives ‘Opportunity To Change a Region’
Noble Energy’s latest planned gas development offshore Israel will not only have a major positive impact on the host country but could transform energy sourcing for the region, Project Manager Brian Hogan told the SPE Gulf Coast Section International Study Group recently.
Look out World, The US Is Again a Gas-Exporting Country
The US is emerging as a gas-exporting nation, and that is going to mean big changes globally.
Lebanon Eager To Award First Offshore Contracts, Become Gas Exporter
Untapped offshore gas reservoirs could easily meet all of the country's domestic needs, while the rest could supply regional neighbors.
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06 August 2020
04 August 2020