Upstream

Major liquefied natural gas (LNG) player Tokyo Gas Co. Ltd. is taking a stake in the Haynesville Shale, a nearby natural gas supply source for U.S. Gulf Coast liquefaction and export terminals.

Major liquefied natural gas (LNG) player Tokyo Gas Co. Ltd. is taking a stake in the Haynesville Shale, a nearby natural gas supply source for U.S. Gulf Coast liquefaction and export terminals.

Moody’s Investors Service has a more positive view of the oil and natural gas industry this year and has raised its outlook for the upstream and oilfield services (OFS) sectors.

BP plc expects to see its upstream production climb on average by 5% every year to 2021 as seven projects come online this year and nine ramp up between 2018 and 2021, the supermajor said Tuesday.

Anadarko Petroleum Corp.’s ability to synchronize its upstream spending with midstream solutions, thereby avoiding bottlenecks and gaining the best prices, proved a winning method in the Denver-Julesburg (DJ) Basin, and it’s now being duplicated in the Permian Basin.

Daylight finally broke for the Texas oil and natural gas industry in December after a 24-month economic contraction, according to the Texas Petro Index (TPI), a barometer of upstream industry health in the Lone Star State.

Battered by a two-year rout in oil prices, Royal Dutch Shell plc and BP plc fought back, posting surprising improvements to the bottom line in the third quarter by clobbering costs and honing efficiencies in a sustained period of lower commodity prices.

Worldwide oil and natural gas investments fell for the second consecutive year in 2015 by 8%, lifted by efficiencies, pummeled by weaker finances and squeezed by robust outlays in renewables, the International Energy Agency (IEA) reported Wednesday.

Texas upstream oil and natural gas employment ticked up in July for the first time in 19 months, according to the Texas Petro Index (TPI), but not enough to end the severe economic contraction afflicting Texas producers.