Strong U.S. Deliveries Early in 2020 Put European LNG Imports on Track to Surpass 2019

European liquefied natural gas (LNG) imports are on track to beat last year’s levels, driven in part by strong deliveries from the United States earlier in 2020, according to data intelligence firm Kpler.  The firm said this week domestic gas exports to Europe have nearly doubled this year, thanks in large part to a particularly…

ExxonMobil Retreats on Spending, with ‘Significant’ Natural Gas Development Off The Table

ExxonMobil is backing off ambitious goals to increase spending and is slicing the book value of some of its assets, particularly the U.S. dry natural gas portfolio, by up to $20 billion. Following an annual strategic review by the board in late November, the Irving, TX-based energy giant on Monday said it has revised its…

December 1, 2020

LNG Recap: Cold Weather Extends Global Natural Gas Price Gains

Global natural gas prices on Monday extended gains made last week as colder weather has settled in key markets across the world, driving demand for liquefied natural gas (LNG) exports.  Henry Hub for January delivery continued to climb Monday on colder temperatures forecast for parts of the southern and eastern United States. U.S. natural gas…

November 30, 2020

Global Oil, Gas Demand Seen Peaking Sooner, Lower Because of Covid-19

Concerns about peak oil demand and stranded assets may curtail the energy industry’s appetite for sanctioning projects with long lead times, according to Raymond James & Associates Inc. The analyst team led by Pavel Molchanov in a note to clients on Monday said forecasting the peak of global oil demand is unsure “but suffice it…

November 30, 2020

Canada Said to Need Low-Carbon Tech, Policy Changes to Meet Net-Zero Emissions Goal

Canadian oil and gas production will climb for another 20 years without policy changes to help meet the federal government’s new target for net-zero carbon emissions by 2050, the Canada Energy Regulator (CER) said. In the report “Canada’s Energy Future 2020” issued on Tuesday, a CER reference scenario of business as usual forecasts a 47%…

November 30, 2020