International

Commonwealth LNG Signs HOA to Potentially Supply Australia’s Woodside

Commonwealth LNG Signs HOA to Potentially Supply Australia’s Woodside

Commonwealth Liquified Natural Gas (LNG) has signed a heads of agreement (HOA) to negotiate the future purchase of 2.0 million metric tons/year (mmty) of LNG by Woodside Energy Trading Singapore Pte Ltd. from its proposed terminal near Cameron, Louisiana. Australia’s Woodside could secure a contract for 20 years of the project’s lifespan if it follows…

January 20, 2022
IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

IEA Predicts Lackluster Growth for Natural Gas-fired Power Generation

Fuel costs for generating natural gas- and coal-fired electricity surged in 2021 but should taper off in the coming years, the International Energy Agency (IEA) predicted in its latest semi-annual Electricity Market Report. “Sharp spikes in electricity prices in recent times have been causing hardship for many households and businesses around the world and risk…

January 19, 2022
Morocco Exploring Natural Gas Supply Alternatives After Losing Algerian Contract

Morocco Exploring Natural Gas Supply Alternatives After Losing Algerian Contract

The government of Morocco has invited bids to consider a floating storage and regasification unit (FSRU) and associated infrastructure at Mohammedia Port near Casablanca, the Agence Nationale des Ports (ANP) said this month.  Last November, Algeria canceled its long-term 1 billion cubic meters (Bcm)/year supply contract to Morocco via the Maghreb-Europe Gas Pipeline because of…

January 13, 2022
API Working to Ensure Federal Natural Gas, Oil Leasing Continues, Emissions Drop

API Working to Ensure Federal Natural Gas, Oil Leasing Continues, Emissions Drop

To ensure the United States holds its mantle as a top natural gas and oil producer, the American Petroleum Institute (API) plans to push for continued access to federal leasing and advocate that producers advance their work to reduce carbon emissions.

January 13, 2022
Novatek Inks Two More Supply Deals for Arctic LNG 2 Offtake

Novatek Inks Two More Supply Deals for Arctic LNG 2 Offtake

Russia’s second largest natural gas producer, PAO Novatek, has signed two long-term liquefied natural gas (LNG) supply contracts from its Arctic LNG 2 project with two Chinese distributors.  A subsidiary of China’s largest independent gas distributor, ENN Natural Gas Co. Ltd., agreed to purchase 0.6 million metric tons/year (mmty) for 11 years from Novatek. Volumes…

January 12, 2022
Oil, Natural Gas Spending Across World to Increase This Year, Rystad Says

Oil, Natural Gas Spending Across World to Increase This Year, Rystad Says

Global oil and gas investment is expected to grow by $26 billion this year as the industry continues to recover from the worst of the coronavirus, according to new analysis from Rystad Energy. Overall oil and gas investment is forecast to climb by 4% to $628 billion this year from $602 billion in 2021. “The…

January 12, 2022
ExxonMobil Building Plethora of Oil, Natural Gas Prospects in Stabroek Offshore Guyana

ExxonMobil Building Plethora of Oil, Natural Gas Prospects in Stabroek Offshore Guyana

ExxonMobil said last week it has added two oil and natural gas discoveries offshore Guyana in the prolific Stabroek block. The Fangtooth-1 well, drilled in 6,030 feet of water, encountered 164 feet (50 meters) of oil-bearing sandstone reservoirs, the energy major said. The Lau Lau-1 well, in 4,793 feet of water, encountered 315 feet of…

January 12, 2022
Netherlands May Double Groningen Natural Gas Output to Meet Increasing Demand

Netherlands May Double Groningen Natural Gas Output to Meet Increasing Demand

Natural gas production from the Groningen field in the Netherlands may nearly double from 3.9 billion cubic meters (Bcm) to 7.6 Bcm this year because of a request from Germany for additional supplies and a delay in the start-up of the Zuidbroek nitrogen facility.  Germany approached the Dutch government as the country “expects to need…

January 11, 2022
Investing in Oil, Natural Gas Paramount as Energy Mix Transitions, Says Yergin

Investing in Oil, Natural Gas Paramount as Energy Mix Transitions, Says Yergin

Nations may be working to transition to net-zero carbon, but recent events prove that it will be decades before oil and gas are replaced by alternative energies, according to IHS Markit Vice Chairman Daniel Yergin.

January 11, 2022
With Demand Strong and Worst Omicron Fears Eased, a Path Clears for $100 Oil in 2022

With Demand Strong and Worst Omicron Fears Eased, a Path Clears for $100 Oil in 2022

With global benchmark oil prices already hovering around $80/bbl on strong demand early in the year — despite a surge in coronavirus cases — analysts said consumption could reach record levels this year and potentially drive the cost of crude into the triple digits.

January 11, 2022
‹ Previous 1 2 3 33