Supply

Halliburton Advancing Digital Supply Chain in Another Collaboration with Accenture

Halliburton Advancing Digital Supply Chain in Another Collaboration with Accenture

Halliburton Co., the largest Lower 48 completions expert, is accelerating its digital supply chain and extending it into manufacturing in another collaboration with consultancy Accenture. The Houston-based oilfield services (OFS) giant has been working to advance digital deployment and integrate its systems across the value chain to enhance customer service. Plans now are to launch…

December 2, 2020
Braskem Vows Legal Action as Natural Gas Transport Service Cut off by Mexico’s Cenagas

Braskem Vows Legal Action as Natural Gas Transport Service Cut off by Mexico’s Cenagas

Brazilian petrochemicals giant Braskem S.A. said Wednesday that Mexico’s Centro Nacional de Control del Gas Natural (Cenagas) has cut off natural gas transportation service for the Etileno XXI complex in Mexico’s Veracruz state. Cenagas is the state entity tasked with coordinating operations and allocating capacity on the Sistrangas natural gas pipeline network. Etileno XXI, the…

December 2, 2020
Montney Gaining on Alberta, Cruising to Become Top Canadian Natural Gas Play

Montney Gaining on Alberta, Cruising to Become Top Canadian Natural Gas Play

Rich Montney Shale resources will let British Columbia (BC) take over from Alberta as the top Canadian natural gas producer jurisdiction within 20 years, according to two separate supply projections. Alberta falls behind BC in the latest national outlook by the Canada Energy Regulator (CER), Canada’s Energy Future 2020. The gas lead changes in both…

December 1, 2020
Equinor Forecasts Natural Gas Demand to Climb as Prices Fall, but Investment Cycle Uncertain

Equinor Forecasts Natural Gas Demand to Climb as Prices Fall, but Investment Cycle Uncertain

Low natural gas prices should boost demand growth in the medium term, and the export market could tighten in the mid 2020s, but there remains uncertainty in the forecast in part because of Covid-19, according to Equinor ASA’s 10th Energy Perspectives report. The Norwegian-based super major’s annual energy outlook, covering fossil fuels, alternative energy and…

November 18, 2020
Qatar Petroleum LNG Trading Arm Inks First Supply Deal to Curb Climate Impacts

Qatar Petroleum LNG Trading Arm Inks First Supply Deal to Curb Climate Impacts

State-owned Qatar Petroleum (QP) has signed its first long-term deal to supply liquefied natural gas (LNG) that would detail emissions generated to produce and deliver the cargoes as more countries scrutinize the super-chilled fuel’s climate impacts.  QP agreed to supply Singapore’s Pavilion Energy Trading & Supply Pte Ltd. with 1.8 million tons (Mt) annually for…

November 11, 2020
U.S. Energy Risk Seen at Lowest Level in 50 Years, Thanks to Lower 48 Oil, Natural Gas Reserves

U.S. Energy Risk Seen at Lowest Level in 50 Years, Thanks to Lower 48 Oil, Natural Gas Reserves

On the strength of domestic oil and gas production, last year saw the United States enjoy the greatest level of energy security since at least 1970, according to a report published Wednesday by the U.S. Chamber of Commerce’s Global Energy Institute (GEI). In the 2020 edition of its annual Index of U.S. Energy Security Risk,…

November 1, 2020
July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

July Bidweek Marked by Discounts as Natural Gas Traders Mull Loose Balances, LNG Declines

Dragged down by loose balances amid weaker export demand, natural gas prices skidded lower in July bidweek trading even as a toasty forecast offered some encouragement for the bulls. NGI’s July Bidweek National Avg. fell 9.5 cents month/month to $1.450/MMBtu. That marks a 53-cent decline from the $1.980 average NGI recorded for July 2019 bidweek,…

July 1, 2020
Moody’s Maintains Natural Gas Price Outlook, but Cuts Oil Forecast Amid Coronavirus Fallout

Moody’s Maintains Natural Gas Price Outlook, but Cuts Oil Forecast Amid Coronavirus Fallout

Moody’s Investor Service this week maintained its forecast for North American natural gas prices, saying that declining production will help to bring the oversupplied market to balance.

April 29, 2020
DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

DTE Sees Shoots of Growth for Natural Gas and Weathering Coronavirus Impacts

Even as DTE Energy is implementing cost-cutting measures to help navigate the economic downturn brought on by the coronavirus, the natural gas storage and pipelines (GSP) assets in the Lower 48 are creating a path for long-term success.

April 29, 2020
Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

Muted Response From U.S. Oil Prices After OPEC Supply Deal, Reflecting Challenges Ahead

U.S. oil prices reacted tepidly on Monday to an agreement by the Organization ofthe Petroleum Exporting Countries (OPEC) and its allies to slash output by an unprecedented 9.7 million b/d during May and June, illustrating the formidable challenge posed to the market by the Covid-19 pandemic.

April 13, 2020
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