Saudi Arabia and the global oil cartel it oversees haven’t declared war on shale or production by any country, but its members are doing what every other industry representative is doing, “responding to challenging market conditions and seeking the best possible outcome in a highly competitive environment,” the country’s oil minister said Tuesday morning at IHS CERAWeek.
Global
Articles from Global
Don’t Underestimate Global Market Impact of Unconventional NatGas, WEC Says
The growth of unconventional natural gas holds major implications for global markets and prices in the years to come, the World Energy Council (WEC) said Friday.
February 19, 2016
Low Oil Prices Failing to Raise Demand, Impacting Global Economy, OPEC Says
Persistently low crude oil prices haven’t spurred rising demand for petroleum products and have begun to impact the global economy, the Organization of the Petroleum Exporting Countries (OPEC) said Wednesday.
February 11, 2016
ExxonMobil Still Sees NatGas Market Share Growing, With North America Poised as Oil Exporter
Natural gas will continue to gain market share through 2040, as anticipated, and with a big assist from renewable/low carbon fuels, will help reduce by half the carbon intensity over that period, ExxonMobil Corp. said Monday in its annual energy forecast.
January 25, 2016
NGI The Weekly Gas Market Report
Asian Demand Slips as U.S. Enters Global LNG; Watch China, Analyst Says
U.S. liquefied natural gas (LNG) export terminals “raced ahead” last year as a final investment decision (FID) was made on three projects during the first half, representing 18.5 million tonnes per annum (mtpa) of capacity, according to Wood Mackenzie Ltd.’s principal analyst Alex Munton. But LNG demand in Asia has waned, analysts said, creating uncertainty ahead.
January 13, 2016
Investments Disappear, Putting Future Energy Supply Security At Risk, Says Rystad
The global oil and natural gas market today may be oversupplied, but as oilfield service (OFS) capacity is reduced, the lack of investment could turn the market upside down within a few years, according to research.
January 4, 2016
OPEC Sees U.S. Tight Oil Still Threatening, NatGas as No. 1 Global Fuel by 2040
Investors waiting for crude oil prices to bounce back into triple digit territory could be waiting for 20 years or more in part because of the boom in U.S. tight oil supplies, the Organization of Petroleum Exporting Countries (OPEC) said Wednesday in its annual report. By 2040, natural gas also is seen as the No. 1 global fuel.
December 24, 2015
BP, California Agree to End Routine NatGas Flaring by 2030
Forty-five governments and producers, including BP plc and the State of California, plan to end routine natural gas flaring at oil production sites by 2030, the World Bank said Monday.
December 7, 2015
West Coast LNG Export Projects Doubtful in Current Environment, Analysts Say
In the current oversupplied global energy market, a liquefied natural gas (LNG) export terminal on the U.S. West Coast is unlikely to become a reality anytime soon, according to several industry analysts speaking at a natural gas forum in Los Angeles.
October 9, 2015
Calcasieu Pass LNG Terminal, Pipeline Filed at FERC
Venture Global Calcasieu Pass LLC and TransCameron Pipeline LLC have applied at FERC for authorization to construct a liquefied natural gas (LNG) terminal in Cameron Parish, LA, and its associated natural gas pipeline laterals. The projects are proposed by Venture Global LNG Inc.
September 8, 2015
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