The Asian market for liquefied natural gas (LNG) is likely to stay robust for the long term, two Singapore-based energy attorneys said Tuesday. They also predicted a shift from conventional to more unconventional gas resources in the region.
Articles from Likely
When natural gas markets make a comeback, an extended foray into horizontal drilling and hydraulic fracturing shows British Columbia will be ready to fulfill expectations of taking over Alberta’s fading role as Canada’s top source of supply growth.
NFR Energy LLC has closed two private deals worth a combined $736 million to acquire assets in the Anadarko Basin and Eagle Ford Shale. The company also announced that First Reserve Corp. has increased its interest in the parent company, NFR Holdings LLC, to 99.7% and NFR is to be renamed Sabine Oil & Gas LLC.
Developing new natural gas pipeline infrastructure has become more difficult, in part due to basis compression, and the problem is not likely to end any time soon, said an economist with ICF International Thursday. In addition, the number of groups seeking to block gas pipeline projects has been steadily growing.
The Eagle Ford Shale of South Texas is likely the biggest potential driver of U.S. oil production growth for the next five to 10 years with production on track to pass 1 million b/d by the middle of next year and 1.7 million b/d by the end of 2015, analyst at Raymond James & Associates said in a note Monday.
A record percentage of New Yorkers now support hydraulic fracturing (fracking) and opposition to the practice fell to a low point in October, according to figures from a Siena College Research Institute poll released Friday.
Natural gas prices could strengthen over the next 18 months to two years, but there are several reasons why a near-term pricing “pause” is likely, Credit Suisse analysts said last week.
Natural gas prices could strengthen over the next 18 months to two years, but there are several reasons why a near-term pricing “pause” is likely, Credit Suisse analysts said Wednesday.