Global

IEA Cuts Global Oil Demand Forecast on Coronavirus

The International Energy Agency (IEA) has cut its oil demand growth forecast for the year as the coronavirus outbreak in China continues to take a toll on the global economy.

February 18, 2020
Global Natural Gas Glut May Linger Five Years, Threatening U.S. Cargoes in 2020

Global Natural Gas Glut May Linger Five Years, Threatening U.S. Cargoes in 2020

Liquefied natural gas (LNG) buyers could start rejecting U.S. cargoes next year as the global gas market is all but certainly to remain oversupplied even if this coming winter is colder than normal, a team of Poten & Partners analysts said Monday.

September 17, 2019
U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

U.S. Spending in Upstream Onshore, Power Grid Tops Global Energy Investments

Global energy investments stabilized last year ending a three-year drought, with capital spending on natural gas, oil and coal surging, while expenditures stalled for energy efficiencies and renewables, according to the International Energy Agency (IEA).

May 14, 2019

Venture Global Reveals Plans for Third Louisiana LNG Terminal, Targeting 2023 Start-Up

Venture Global LNG Inc. has shared plans with regulators for a third natural gas export terminal, signaling its intent to add up to 24 million metric tons per year (mmty) of capacity at a proposed site in Plaquemines Parish, LA.

April 23, 2019
Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Led by U.S., 2018 Another ‘Golden Year’ for Natural Gas, Says IEA

Natural gas demand emerged as the global fuel of choice last year, particularly in the United States and China, as energy consumption worldwide increased by 2.3%, the fastest pace this decade, the International Energy Agency (IEA) said Monday.

March 25, 2019

Natural Gas to Lead as Fossil Fuels Dominate Global Energy Mix Through 2040, Say Exporters

As liquefied natural gas (LNG) expands its share of global trade, the world’s gas demand will grow at the fastest rate among fossil fuels through 2040, according to a recent report from the Gas Exporting Countries Forum (GECF).

December 11, 2018
Global, Oil, Gas Execs Eye Dealmaking in 2019, with Focus in U.S., Canada

Global, Oil, Gas Execs Eye Dealmaking in 2019, with Focus in U.S., Canada

Most global oil and gas executives expect to make deals to buy or sell assets in 2019, nearly 10% above the global average, with most of the activity likely to be in the United States, spurred by onshore transactions, and in Canada, according to a recent survey.

December 4, 2018
Natural Gas a Destination Fuel, Not Just Bridge to Renewables, Say Energy Chiefs

Natural Gas a Destination Fuel, Not Just Bridge to Renewables, Say Energy Chiefs

The energy industry has to counter the view that renewables are the only way to reduce carbon emissions and instead make the case for natural gas to remove any doubts about its long-term benefits, a group of the leading global CEOs said Tuesday.

June 27, 2018
OPEC Sees Murkiness in Global Markets, but Clear-Eyed on Surging U.S. Liquids Output

OPEC Sees Murkiness in Global Markets, but Clear-Eyed on Surging U.S. Liquids Output

Global oil supply outside the cartel that makes up the Organization of the Petroleum Exporting Countries, i.e. OPEC, has recovered since contracting in 2016, but uncertainties remain about where the market may be headed through the rest of this year.

May 15, 2018
U.S. E&Ps Practicing Capital Discipline Even as Activity Climbs Onshore

U.S. E&Ps Practicing Capital Discipline Even as Activity Climbs Onshore

The global oil and gas industry has begun its second year of recovery, but capital spending only climbed last year by about half as much as originally budgeted, and it is poised to surge this year, according to a survey by Raymond James & Associates Inc.

April 10, 2018
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