Worldwide

Global Gas Glut Could Be Gone by 2012, Analyst Says

A current worldwide oversupply of natural gas may dissipate as early as the winter of 2012, leading to the potential for spot prices higher than contract prices in Asia and Europe, according to analysts at Wood Mackenzie.

June 23, 2011

Gazprom Reportedly ‘Undisputed Leader’ of Global Gas Producers

With a 16% worldwide market share, Russia’s Gazprom remains the “undisputed leader” of global natural gas producers, followed by ExxonMobil Corp., with a 4% share, according to a new report by Societe Generale (SG).

May 6, 2011

Marcellus, Eagle Ford to Fuel Dow Chemical Expansion

Dow Chemical Co. on Thursday launched an ambitious plan to increase ethylene and propylene production, as well as integrate U.S. operations into feedstock “opportunities” by using the prolific shale gas resources of the Marcellus and Eagle Ford shales.

April 25, 2011

Flaring Wastes 5% of Global Gas Output, Says GE Energy

Technology exists to curtail natural gas flaring, but it will take a concerted effort worldwide to capture the lost gas, an energy arm of General Electric Co. (GE) said in a new report.

April 6, 2011

Remove Barriers to Gas Investments, Urges Study

Reducing market barriers that make it difficult for North America’s natural gas sector to compete would increase opportunities worldwide for the continent’s ample production, according to a new study by the Fraser Institute.

November 29, 2010

Market Barriers Said to Hinder North American Gas Investment

Reducing market barriers that make it difficult for North America’s natural gas sector to compete would increase opportunities worldwide for the continent’s ample production, according to a new study by the Fraser Institute.

November 24, 2010

U.S. Horizontal Rigs Set New Record

A move by shale gas operators to use horizontal drilling techniques in liquids plays may be the impetus in setting a new all-time record for horizontal drilling. A total of 943 horizontal rigs were in operation during the week ending Nov. 5, according to statistics compiled by Baker Hughes Inc. (BHI).

November 8, 2010

Global Reserves Up — First Time in Five Years

Both natural gas and oil reserves worldwide increased 3% in 2009 for the first time in five years, IHS Herold reported last week.

October 11, 2010

Global Reserves Up in 2009 — First Time in Five Years

Worldwide upstream investment fell 23% in 2009 from the previous year, but total hydrocarbon reserves increased 3%, with both oil and natural gas reserves up for the first time in five years, IHS Herold reported on Monday.

October 5, 2010

Don’t Eschew Deepwater, Says Shell CEO

Producers worldwide will continue to pursue deepwater drilling for natural gas and oil because the world will need a huge amount of fossil fuels for decades to come, Royal Dutch Shell plc CEO Peter Voser said last month in Cape Town, South Africa.

July 5, 2010