The cold snap earlier this winter in Asia and Europe that sent prices skyrocketing and buyers scrambling for liquefied natural gas (LNG) cargoes was an indication that the global market is becoming too reliant on spot deliveries, said Freeport LNG CEO Michael Smith. “There’s been an overreliance on spot cargoes in our industry,” he said…
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The global natural gas and oil industry, already reeling from a lack of demand and low commodity prices, is now taking a hit on the conference schedule because of the spreading coronavirus, with IHS Markit announcing Sunday it is canceling CERAWeek, the premier energy conference that draws thousands to Houston every year.
Data, considered by many to be the world’s most valuable resource, is offering the oil and gas industry more precise information to create better wells and safer operations, an Amazon executive said earlier this month.
Australia-based GLX, an online trading platform for liquefied natural gas (LNG), plans to work with the energy price-reporting arm of IHS Markit to start up an end-to-end trading solution to transact physical cargoes.
Drilling some Permian Basin wells from the confines of air-conditioned control rooms in Houston nearly 500 miles away is becoming a reality for Chevron Corp. as it integrates cloud computing into its operations.
Slow and steady wins the race, an approach that ConocoPhillips is using to develop the Eagle Ford Shale and Permian Basin to ensure it can keep up with ever evolving technology, CEO Ryan Lance said Tuesday.
The Trump administration has signaled it is eyeing a border adjustment tax (BAT) to give U.S. exports more leverage over goods imported into the country, but an increasing number of key lawmakers and stakeholders — including No. 1 trading partner, Canada — are throwing cold water on the plan.
ExxonMobil Corp. CEO Rex Tillerson on Friday said North America is in the midst of an “historic energy transformation.” And “the world is watching.”