Tim Tarpley On March 25, 2022, President Joe Biden and European Commission President Ursula von der Leyen stood together and pledged to work together to lay the framework for a significant increase in U.S. liquefied natural gas, or LNG, to be imported into the European Union. This decision was vital in helping the European Union’s …
Halting American Natural Gas is a Dangerous Political Dance – Tim Tarley Read More »
Google and environmental group Environmental Defense Fund on Wednesday unveiled a partnership to expose sources of climate-warming emissions from oil and gas operations that will be detected from space by a new satellite. MethaneSAT will launch next month, one of several satellites that are being deployed to monitor methane emissions across the globe to pinpoint …
Google to Share Oil and Gas Methane Leaks Spotted From Space Read More »
(Reuters) – Oil prices were little changed on Wednesday, holding on to Tuesday’s gains on a robust demand growth forecast from OPEC and a sharp decline in U.S. fuel stocks. Brent crude futures rose by 12 cents, or 0.14%, to $82.89 a barrel by 1235 GMT. U.S. West Texas Intermediate (WTI) crude futures were up …
Oil Holds Firm on OPEC Demand Forecast and U.S. Fuel Stocks Read More »
Summary As renewables advance, companies rush to shed costly oilfields Shareholder payouts taking more cash than capital expenditures (Reuters) – Oil majors are targeting new oilfields that can be profitable even if oil prices fall to about $30 per barrel, using a third year of rising demand to reshape portfolios amid uncertainty over the industry’s …
Oil Majors Rejig Portfolios with $30-Per-Barrel Price in Mind Read More »
(Reuters) – Global demand for liquefied natural gas (LNG) is estimated to rise by more than 50% by 2040, as China and countries in South and Southeast Asia use LNG to support their economic growth, Shell said in an annual report on Wednesday. Global LNG trading rose by 1.8% to 404 million metric tons in …
Shell Expects 50% Rise in Global LNG Demand by 2040 Read More »
The Biden administration’s pause on approving permits for U.S. liquefied natural gas (LNG) export terminals could backfire by boosting coal usage overseas, Alan Armstrong, CEO of U.S. natural gas pipeline operator Williams Companies, told Reuters on Tuesday. Last month, the administration paused approvals for pending and future applications to export LNG from new projects as …
U.S. LNG Export Terminal Permit Pause Could Boost Coal Use Abroad, Says Williams CEO Read More »
How Technology Helps Garner Information from Work Already Done Are you managing your Asset Retirement Obligations (ARO) effectively? Despite software solutions purpose-built for oil and gas companies to manage, track, and calculate ARO, many companies choose to manage their ARO programs using spreadsheets. But as ARO Management has grown in importance and complexity, managing an …
(Reuters) – Exxon and Canada-based crude pipeline operator Enbridge were sued in Illinois federal court on Tuesday over claims they barred a competitor from building a terminal to ship oil by barge from the Chicago area to refineries in the Midwest and Gulf of Mexico. The antitrust lawsuit from energy infrastructure developer Ducere seeks more than $11 million in …
Exxon, Enbridge Sued by Competitor Over Crude Oil Transportation Read More »
WASHINGTON, Feb 13 (Reuters) – President Joe Biden’s decision to pause approvals of new exports of liquefied natural gas will have no affect on U.S. supplies to Europe over the next two or three years, a European Commission official said on Tuesday after meeting U.S. officials. “What was of course very important for me, was reassurance …
EU Official Says Biden Pause on U.S. LNG Exports Will Not Hit Supply Short-term Read More »
U.S. natural gas futures fell about 5% on Tuesday to a fresh 3-1/2-year low on near-record output, ample amounts of fuel in storage and forecasts for warmer weather and less heating demand next week than previously expected. Traders also noted that gas flows to U.S. liquefied natural gas (LNG) export plants should remain low so …
U.S. Natgas Prices Fall 5% to 3-1/2-Year Low on Mild Winter Weather Read More »
