Crude oil prices fell below $50/bbl last week, sharply impacting energy stocks, but the decline failed to shatter the send of optimism across the energy industry, considering oil prices were hovering around $35 a year ago, analysts said Monday.
Articles from Global
U.S. LNG: A Growing Slice of A Growing Pie
The global liquefied natural gas (LNG) market, which was about 270 million tonnes last year, will grow to 360-370 million tonnes in three years time, and the U.S. Gulf Coast will serve 25-30% of that market, LNG pioneer Charif Souki said Thursday in Houston.
LNG Canada ‘Still Very Much’ in Game for Overseas Gas Trade, Says Exec
Canada still harbors resolve – and claims of competitive advantages – to break into global liquefied natural gas (LNG) trade soon on a large scale, skeptical business executives and analysts learned Tuesday in the industry capital of Calgary.
‘Decade of Disorder’ Looms Without Global Energy Investments, Says Former EIA Chief
Global oil markets are facing down a “decade of disorder” if long-term supply projects aren’t put into the pipeline, a former chief of the Energy Information Administration (EIA) said Tuesday.
Venture Global Files at FERC For Second Louisiana LNG Export Project
Venture Global Plaquemines LNG LLC and Venture Global Gator Express LLC have made their formal application to FERC for a liquefied natural gas (LNG) export terminal and related pipeline project in Louisiana.
Evercore Increases 2017 U.S. Rig Count Outlook as Year Ends on ‘Hopeful Note’
Many people look back during the holiday season and reflect about how quickly the year has passed, but if “time flies when you’re having fun,” 2016 could not end soon enough for the oil and gas industry.
North American E&Ps Forecast to Boost Capex For First Time Since 2014, With U.S. Rising 24.5%
North America will spearhead a recovery in global upstream investment in 2017, with U.S. spending — weighted on the onshore — forecast to jump by 24.5%, while Canada outlays will be 9.5% higher, according to an annual survey by Evercore ISI.
U.S. Unconventionals to Pressure Oil Prices for Years, Says ExxonMobil Chief
Even as supplies tighten, ample production from U.S. unconventional drilling will pressure commodity prices for years to come, ExxonMobil Corp. CEO Rex Tillerson said Wednesday.
Electronic LNG Auction Poised to Launch in October
The liquefied natural gas (LNG) spot market will get a shot in the arm once the Global LNG Exchange (GLX) launches with the goal of streamlining transactions.
U.S. Tight Oil Holds Competitive Edge Worldwide, Says Wood Mackenzie
The oil and gas industry is adapting to sustained lower commodity prices, all to the good in the U.S. onshore, where the tight oil plays have become commercially viable at an oil price of under $60/bbl, Wood Mackenzie research has found.