Supply

Chevron, Pavilion Agree to LNG Supply Deal Detailing Emissions to Produce and Deliver Cargoes

Chevron, Pavilion Agree to LNG Supply Deal Detailing Emissions to Produce and Deliver Cargoes

An affiliate of Chevron Corp. has signed a deal to supply liquefied natural gas (LNG) that requires it to detail the emissions generated to produce and deliver the cargoes as more countries scrutinize their energy consumption and climate impacts.  Chevron U.S.A. Inc. has agreed to supply Pavilion Energy Trading & Supply Pte. Ltd. with 500,000…

February 22, 2021
Uncertainty Overshadows Global Natural Gas Recovery as Winter Nears End

Uncertainty Overshadows Global Natural Gas Recovery as Winter Nears End

Global natural gas demand is expected to bounce back to pre-pandemic levels this year, but the recovery is likely to be uneven and growth could be weak even after demand soared amid a historic cold snap this winter.  “We opened the year with this very strong bull run in Asia, which I would say was…

February 12, 2021
‘Greater Visibility’ for Stronger E&P Activity by Private, Public Operators, says RPC Chief

‘Greater Visibility’ for Stronger E&P Activity by Private, Public Operators, says RPC Chief

Oil and gas supply and demand appears now to be heading in opposite directions, setting the stage for a potential upcycle in the industry, RPC Inc. CEO Richard A. Hubble said Wednesday. Hubble, who runs the Atlanta-based oilfield services (OFS) giant, discussed the fourth quarter performance and outlook for 2021 during a conference call. RPC…

January 27, 2021
Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project

Commonwealth LNG Launches Competitive Bidding to Jumpstart Louisiana Export Project

Commonwealth Liquefied Natural Gas (LNG) has launched a tender soliciting bids from potential offtakers that could acquire supply from the proposed project in Louisiana at volumes, pricing and durations of their choosing.  The company is aiming to accelerate the supply contracting process by offering more flexibility. Offtakers could buy on a tolling, free-on-board (FOB) or…

January 19, 2021
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