Global

Long View Needed to Understand LNG Outlook, Expert Says

A window of opportunity is closing on exports of liquefied natural gas (LNG) from the United States, an ExxonMobil Corp. executive warned Monday. Meanwhile, margins have shrunk, and the industry is urging speed on export approvals. But an LNG expert told NGI that it’s important to have a long-term perspective on prices and exports.

April 20, 2015

Long View Needed to Understand LNG Outlook, Expert Says

A window of opportunity is closing on exports of liquefied natural gas (LNG) from the United States, an ExxonMobil Corp. executive warned Monday. Meanwhile, margins have shrunk, and the industry is urging speed on export approvals. But an LNG expert told NGI that it's important to have a long-term perspective on prices and exports.

April 20, 2015

U.S. Upstream Capex Curtailments Twice Global Average, Says Raymond James

Global upstream spending began to peak last year before the oil price meltdown, but the sharp cuts in capital expenditures (capex) for 2015 have moved into a league of their own, i.e. “austerity on steroids,” according to Raymond James & Associates Inc.

March 24, 2015

LNG’s Maturation: More Spot Cargoes, Alternative Pricing, Goldman Says

Global liquefied natural gas (LNG) markets have some growing up to do, and liquefied U.S. natural gas will play a role in the maturation process, analysts at Goldman Sachs said in a research note published Thursday.

March 5, 2015

Tesoro to Expand Washington Refinery Product Variety

San Antonio-based Tesoro Corp., a major player in the Bakken and other shale plays through its midstream unit, Tesoro Logistics LLP (TLLP), said it will pursue nearly $400 million in two projects at its Anacortes, WA, refinery. One project could enhance future exports of refinery products to Asian markets.

February 19, 2015
LNG to Dominate Global NatGas Trade by 2035, Says BP

LNG to Dominate Global NatGas Trade by 2035, Says BP

Global conventional and unconventional natural gas supplies will continue to escalate over the next two decades, with the United States accounting for 23% of market share in 2035, BP plc said Tuesday.

February 17, 2015

Germany’s E.ON Expands U.S. LNG Exposure

Units of Germany’s E.ON have struck pipeline and shipping deals for the liquefaction and transport of U.S. gas in support of the company’s global liquefied natural gas (LNG) business.

February 12, 2015
Demand Has Fingerprints on Oil Price Crash, IHS Exec Says

Demand Has Fingerprints on Oil Price Crash, IHS Exec Says

Even though overly robust production is the prime suspect, it may have had an accomplice — weak demand — in last year’s mugging of global crude oil prices, according to an executive with consultancy IHS.

February 5, 2015

Cheap Oil Tide Swamps Excelerate’s Texas Floating LNG Project

Excelerate Energy LP affiliates have asked FERC to set aside consideration of their proposed floating liquefied natural gas (LNG) export terminal off the Texas coast because the global oil price crash has upended the economics of the project, which could have been the nation’s first floating LNG export terminal.

December 30, 2014

Shell’s Global LNG Sales Jump 16%

Global liquefied natural gas (LNG) developments are starting to show positive earnings momentum for Royal Dutch Shell plc as its strategy to invest for profitability over volumes begins to pay off, CFO Simon Henry said Thursday.

October 30, 2014
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