International

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…

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…

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,…

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%…

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…

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…

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.…

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…

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…