Caroline Evans joined NGI as an associate LNG editor in March 2021. Prior to NGI, she was a reporter for five years at oil & gas newspaper Upstream, where she covered North American LNG and shale. Caroline holds a bachelor of arts degree in history from McGill University and a master of arts degree in journalism from the University of Missouri.
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Articles from Caroline Evans
Maine Moves to Purge Fossil Fuels from Pension Fund
Maine will no longer invest in companies with big oil and gas portfolios, making it the first state in the country to divest from the fossil fuel industry. Gov. Janet Mills last week signed into law a bill forbidding any state pension fund or annuity from making new investments in stocks or securities of the…
June 22, 2021
U.S. OFS Jobs Seen ‘Fairly Flat’ as E&Ps Shift from Production Growth
Employment in the U.S. oilfield services (OFS) sector ticked up in May as growth in support roles and equipment fabrication offset declines in extraction, pipeline construction and manufacturing, according to estimates by the Energy Workforce & Technology Council. The sector grew by 1.6% in May, racking up an additional 9,707 jobs over April, according to…
June 18, 2021
ICE Extends European Natural Gas Forward Curve Amid Record Interest
Intercontinental Exchange Inc. (ICE) is extending the forward curve for Dutch Title Transfer Facility (TTF) natural gas futures by more than 18 months following record levels of interest and strong trading activity. The TTF Gas Futures curve currently goes out to May 2029, with open interest to December 2028. ICE said Wednesday the forward curve…
June 16, 2021
Global LNG Buyers Said Looking to ‘Bridge’ Current Supply Crunch with Short-Term Contracts
Global liquefied natural gas (LNG) buyers, hammered by high spot prices in Asia, are increasingly looking to short-term “bridge” contracts to ensure ample supply until demand is expected to cool down later this decade, according to an analysis by Wood Mackenzie. Asian spot prices are hovering around $12/MMBtu for June and July delivery as demand…
June 15, 2021
Tourmaline Continues North Montney Expansion with Eyes on Canadian LNG
Tourmaline Oil Corp. is beefing up its North Montney Shale holdings with the C$1.1 billion ($900 million) purchase of privately held Black Swan Energy Ltd., a deal that could position supplies for the Canadian liquefied natural gas (LNG) market. Tourmaline said Friday the purchase was an “important component” of its ongoing consolidation strategy in the…
June 11, 2021
Covid-19 Uncertainty Still Weighing on Oil Prices, Says World Bank
Continued uncertainty around the Covid-19 pandemic has kept a lid on rallying oil prices, according to the World Bank. Though prices have been supported by continued production restraint by the Organization of the Petroleum Exporting Countries and their allies, aka OPEC-plus,“the pickup in oil prices has been partly dampened by uncertainty regarding the evolution of…
June 10, 2021
Oil, Natural Gas Sector Said to Face $93B Risk in Supply Chain Decarbonization Drive
The oil and gas sector could bear the brunt of efforts by multinational corporations to offload their highest-emitting suppliers in the coming years as they seek to green up their carbon profiles, according to UK financial services firm Standard Chartered. The firm, which surveyed 400 sustainability and supply chain experts at multinationals across the globe,…
June 10, 2021
New Decarbonization Rules Could Speed ‘Attrition’ of Older LNG Carriers, Flex LNG CEO Says
An international regulatory body is set to finalize decarbonization guidelines for about 50,000 commercial vessels across the world later this month, but liquefied natural gas (LNG) ship owners are not waiting to upgrade their fleets. LNG carrier owners are already searching for ways to comply with the coming International Maritime Organization (IMO) decarbonization rules, which…
June 10, 2021
Plains to Offload Gulf Coast Storage Facilities for $850M
Plains All American LP plans to sell a pair of natural gas storage facilities on the Gulf Coast for $850 million, putting it on track to exceed its 2021 divestiture target in a single blow. The company said Tuesday it would sell the Pine Prairie facility in southern Louisiana and Southern Pines in eastern Mississippi…
June 8, 2021
Renewable Natural Gas Potential ‘Just Scratching the Surface,’ but Obstacles Remain
New buyers are emerging for the renewable natural gas (RNG) market, which has historically been driven by the transportation sector, industry experts said Monday. Sustainability and voluntary customers, which are companies and institutions looking to clean up their carbon profiles, have become a key emerging trend, Innova Energy Services CFO David Tucker said at the…
June 8, 2021