International

Energy Transition Seen Pushing World’s Top E&Ps to Deal Global Assets

Energy Transition Seen Pushing World’s Top E&Ps to Deal Global Assets

Global oil and natural gas operators could be pushed to sell or trade $100 billion-plus in assets because of the energy transition to alternative fuels, but it’s likely the U.S. portfolios would be off the table, according to a new analysis. Rystad Energy did a deep dive on the geographical spread of some of the…

September 23, 2020
Eastern Med Group Formed Without Turkey to Cooperate on Natural Gas Resources

Eastern Med Group Formed Without Turkey to Cooperate on Natural Gas Resources

Several Eastern Mediterranean countries have formally established an intergovernmental organization to cooperate in developing the massive offshore natural gas fields in the region, conspicuously leaving out Turkey as a member state. The East Mediterranean Gas Forum (EMGF) is to be based in Cairo and any East Mediterranean country can apply for membership, the Egyptian Ministry…

September 23, 2020
U.S. Oil Exports Decline Amid Pandemic, Demand Destruction, EIA Says

U.S. Oil Exports Decline Amid Pandemic, Demand Destruction, EIA Says

After setting a record in February, U.S. oil exports declined over four consecutive months amid the shocks of the coronavirus pandemic, the U.S. Energy Information Administration (EIA) said. Demand dropped in March and in the three ensuing months as countries across the globe initiated measures to limit virus outbreaks. With travel and overall activity limited,…

September 22, 2020
British Columbia Setting Ambitious — and Reachable — Goals for RNG, Says CER

British Columbia Setting Ambitious — and Reachable — Goals for RNG, Says CER

After taking a tiny first step into using renewable natural gas (RNG), British Columbia (BC) has a chance to reach an ambitious goal set by provincial government environmental policy, according to Canadian regulators. Supplies of RNG have gradually grown in the United States and they are inching higher in Canada. Initially, BC had around 0.2%…

September 18, 2020
BP’s Looney Says Net-Zero Business Opportunities ‘Off the Charts’

BP’s Looney Says Net-Zero Business Opportunities ‘Off the Charts’

BP plc’s global oil and natural gas projects remain key to profits and viability over the next decade, but make no mistake about it, the integrated energy major is charting a path toward a renewables-driven world, CEO Bernard Looney said Wednesday. Speaking on the third and final day of presentations by executives who laid out…

September 16, 2020
Amid Brazilian Gas Market Move to Deregulation, Vaca Muerta Pipeline Again in Discussion

Amid Brazilian Gas Market Move to Deregulation, Vaca Muerta Pipeline Again in Discussion

Earlier this month, Brazil’s lower house approved a new regulatory framework for the natural gas sector, paving the way for an opening similar to the one seen in Mexico’s gas market over the past six years. The bill includes restrictions on market participants operating in different segments of the natural gas market, which would effectively…

September 16, 2020
California Eyeing German Approach to Green Hydrogen

California Eyeing German Approach to Green Hydrogen

Decarbonizing heavy industries dependent on energy may find options with green hydrogen (H2) technologies, according to German and California experts. Scientists with the German Federal Ministry of Economic Affairs and Energy joined representatives from the California Governor’s Office of Business and Economic Development (GOBiz) during a webinar to compare the approaches each government is taking.…

September 14, 2020
ExxonMobil, Partners Make 18th Discovery Offshore Guyana in Stabroek Block

ExxonMobil, Partners Make 18th Discovery Offshore Guyana in Stabroek Block

The oil and gas discoveries offshore South America’s Guyana continue to expand, with ExxonMobil making its 18th in the estimable Stabroek Block.  The Redtail-1 well discovery may add to estimated Stabroek recoverable resources, which already stood at more than 8 billion boe. Stabroek covers an estimated 6.6 million acres (26,800 square kilometers).  “Our Stabroek Block…

September 8, 2020
AltaGas Secures Second 25-Year BC Propane Export License

AltaGas Secures Second 25-Year BC Propane Export License

After a year of overseas sales growth, the pioneer of propane tanker loadings on the north Pacific coast of British Columbia (BC) has doubled the volume authorized for its international traffic in the natural gas byproduct. AltaGas Ltd. has obtained a second 25-year export license for 40,000 b/d from the Canada Energy Regulator (CER). The…

August 24, 2020
U.S. Sanctions Said Unlikely to Halt Nord Stream 2 Pipeline

U.S. Sanctions Said Unlikely to Halt Nord Stream 2 Pipeline

Expanded U.S. sanctions will not likely halt Russia’s Nord Stream 2 (NS2) natural gas pipeline, according to Uniper, but management has warned investors that the chances of delays have increased. In 2017, Uniper was among five European companies that agreed to provide long-term financing for 50% of the estimated $11.8 billion project, with Russian state-controlled…

August 18, 2020
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