US LNG to Asia Has Lower Emissions Profile than Coal, Rystad Says
LNG emissions are up to 50% lower on average than for coal-fired power generation, even when the fuel is shipped over long distances, according to new research from Rystad Energy.
Latest
BP-owned Archaea Energy CEO Starlee Sykes Talks RNG
BP became the largest producer of RNG in the U.S. when it acquired Archaea Energy in 2022. Sykes was named CEO in 2023.
US NatGas Prices Slide 2% After Mountain Valley Startup Approved
Front-month gas futures for July delivery on the New York Mercantile Exchange fell to $3.063/MMBtu in early trading on June 12 as traders reacted to the June 11 approval of the Mountain Valley Pipeline startup.
Major Oil Surplus Seen This Decade as Demand Hits Peak, IEA Says
Global oil markets face a “major” surplus this decade as the shift away from fossil fuels causes demand to hit a plateau amid plentiful supply growth, the International Energy Agency said. World consumption will “level off” at 105.6 million barrels a day in 2029, about 4% higher than last year’s level, amid surging sales of electric vehicles …
Major Oil Surplus Seen This Decade as Demand Hits Peak, IEA Says Read More »
Abu Dhabi’s Adnoc Greenlights Its Biggest LNG Export Project
Company makes final investment decision for Ruwais project UAE seeking to become self sufficient in gas, bolster trading The United Arab Emirates’s biggest energy company approved a major liquefied natural gas export terminal as it seeks to tap into a growing global market for the fuel. Abu Dhabi National Oil Co. made the final investment decision to …
Abu Dhabi’s Adnoc Greenlights Its Biggest LNG Export Project Read More »
Matador to Buy Permian Oil Assets From EnCap for $1.9 Billion
Photographer: Callaghan O’Hare/Bloomberg Oil producer Matador Resources Co. agreed to buy assets in the Permian Basin from a portfolio company of EnCap Investments LP for $1.9 billion in cash, the latest in a series of shale industry tie-ups. The deal includes oil and gas producing properties and undeveloped acreage in New Mexico and West Texas owned by …
Matador to Buy Permian Oil Assets From EnCap for $1.9 Billion Read More »
OPEC+ Producers Are Caught Between Diverging Oil Forecasts
Analysts at producer and consumer agencies have different takes on how much the world needs. Analysts from the International Energy Agency and the Organization of Petroleum Exporting Countries are growing even further apart on how much oil the world needs. The two agencies have updated their forecasts for the first time since the wider OPEC+ …
OPEC+ Producers Are Caught Between Diverging Oil Forecasts Read More »
Crude Quality Issues on Trans Mountain Pipe May Hamper Flows from Canada to US West Coast Refiners
U.S. oil refiners and West Coast traders are flagging concerns about the quality of crude shipped on the newly completed Trans Mountain pipeline expansion (TMX), warning that high vapor pressure and acidity limits could deter purchases of Canadian heavy barrels. The $24.84 billion (C$34 bln) expansion started operations last month and has nearly tripled shipping capacity to Canada’s …
Matador Resources Buys EnCap E&P Ameredev II for $1.9B
Matador Resources is expanding its Delaware Basin footprint in West Texas and New Mexico with the acquisition of EnCap-backed operator Ameredev II.
Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline
By Reuters June 12 (Reuters) – Mountain Valley can begin operating its $7.85 billion Virginia natural gas pipeline after receiving approval from the U.S. Federal Energy Regulatory Commission (FERC) according to a filing on Tuesday. The Mountain Valley project, the only big gas pipeline under construction in the U.S. Northeast, has encountered numerous regulatory and court …
Mountain Valley Gets Regulator’s Approval for U.S. Natural Gas Pipeline Read More »