Global

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.

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.

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.

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.

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.

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 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.

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.

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.