EIA: U.S. Expected To Become Net Exporter Of Natural Gas By 2018 02.29.2017


The transition of the U.S. to net exporter of natural gas by 2018 is to be driven by declining pipeline imports, growing pipeline exports, and increasing exports of liquefied natural gas. The Sabine Pass facility in Louisiana became the first operating LNG export facility in the Lower 48 states in 2016. By 2021, four LNG export facilities are expected to be completed with a combined operational export capacity of 9.2 billion cubic feet per day. The EIA also projects the U.S. to become a net exporter of total energy in the 2020s.


India Steps Up Efforts To Boost Domestic Oil And Gas Production 02.17.2017


Following its first oil and gas field auction in six years India has decided to award the bulk of the operating licenses to new players. The operating licenses are for 31 contract areas comprising 44 oil and gas fields and have been awarded under a revenue-sharing model. These contract areas would monetize 40 million metric tons of oil and 22 billion cubic metres of natural gas over 15 years for the Indian government. India’s oil demand growth will outpace China‘s for the third year in a row in 2017.


Gazprom And China Broadening Cooperation In Energy Sector 02.16.2017


Meetings have recently been held between Russia and China on energy: one between Gazprom and the State Council of the People’s Republic of China covering the collaboration between Gazprom and Chinese energy companies and financial organizations; and the other between Gazprom and CNPC which looked at the current progress and future prospects for gas deliveries from Russia to China, the possibilities for underground gas storage facilities and gas-fired power generation in China, as well as the use of LNG as a vehicle fuel along the Europe-China international transport route.


EIA Energy Outlook: The U.S. To Become Net Energy Exporter 01.08.2017

iconThe International Energy Agency’s Annual Energy Outlook provides modeled projections of U.S. domestic energy markets through 2050, and includes scenarios with different assumptions of macroeconomic growth, world oil prices, technological progress, and energy policies. With strong domestic production and relatively flat demand, the United States becomes a net energy exporter in most Outlook cases as petroleum liquid imports fall and natural gas exports rise over the projection period under consideration. Energy-related carbon dioxide emissions decline in most of the cases, with the highest emissions projected in the “no Clean Power Plan” projection.


Oil And Gas Sector Vulnerable To Cyberattacks 01.19.2017

iconCritical U.S. infrastructure, including oil and gas pipelines, is vulnerable to cyberattacks. Because no major breaches have recently been announced, the topic of cybersecurity in the oil and gas space has been quiet. That doesn’t mean that the threat of cyberattacks has gone away, Ken Talanian from Evercore said. The Saudi Aramco hack in 2012 – when an unleashed virus erased data from three-quarters of Aramco’s corporate personal computers – would have served as a wakeup call for the industry if the Stuxnet attack in 2010 on an Iranian nuclear facility didn’t.


Cruise Line Executive: LNG Represents The Fuel Of The Future 01.05.2017

iconCarnival Corp & plc, the world’s largest leisure travel company with 10 cruise line brands traveling to all seven continents and nearly 750 ports of call, has ordered a total of seven fully LNG-powered cruise ships – a first for the industry. The ships, the first of which will set sail in northwest Europe and the Mediterranean, will feature dual-fuel engines that will burn LNG both in port and at sea. The company’s senior VP talks about the rationale behind the change from marine diesel to LNG.


cMISTTM : ExxonMobil’s New Natural Gas Technology 01.05.2017

iconExxonMobil has developed cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This new technology reduces corrosion and equipment interference helping to ensure the safe and efficient transport of natural gas through the supply infrastructure and ultimately to consumers. It has been licensed to the Chemtech division of Sulzer, a leading player in separation technologies, to facilitate deployment across the oil and gas industry.


Electric Vehicles: Not A Game-Changer For Oil Market 12.27.2016

iconAccording to BP, electric vehicles are not likely to be a game changer for the growth of oil demand over the next 20 years where the increasing prosperity in emerging Asia is likely to swamp the impact of even a very rapid increase in electric cars. In fact, there may well be more cost effective methods of reducing CO2 emissions over this period, for example greater improvements in vehicle efficiency, a switch away from coal in the power sector, or increased investment in Carbon Capture and Storage. But these considerations should not detract from the many potential benefits that electric vehicles may bring.


Solar Power Generation In Saudi Arabia: A Game-Changer For The Region 12.21.2016

iconSaudi Arabia’s long-awaited drive to free up more oil revenue by shifting to solar power generation is expected to pick up speed next quarter, according to local developers eyeing contracts. “I’m fully expecting within the first quarter 500 megawatts to come out in tenders and then it’ll ramp up,” said Paddy Padmanathan, the chief executive officer of Acwa Power International in Riyadh. “That will be a game changer for the region.” Power demand growth in Saudi Arabia is one of the largest in the region.


Nigeria Seeks US$51 Billion Investments in Gas 12.05.2016

iconAccording to the Nigerian National Petroleum Corporation, Nigeria has capacity to create about $51 billion investment opportunities in the midstream and downstream gas sector. This investment will go into gas exploration and production activities, power plant projects, fertilizer plants, virtual pipelines and flare gas commercialization initiatives; as well as in Free Trade Zones infrastructure development and concessioning, port infrastructure, central gas processing facilities, gas transmission, LPG plants, real estate development, pipe milling and local fabrication yards. The intent is to position Nigeria as a regional hub for gas-based industries.


Downstream Real Estate Reflects ‘Silver Lining’ In Oil and Gas 12.05.2016

iconThis 2016 Energy Outlook from the company JLL looks at global macroeconomic trends and considers the recovery timeline to expect once oil prices stabilize. The net effect on property markets of the structural changes that are currently redefining the energy industry is then discussed, focusing on the performance of office and industrial inventories in energy-centric cities. The influence of renewable energy on the health of real estate markets today and into the future is also covered. Lastly, U.S. and Canadian trends, deals and fundamentals are presented.


Asian Fuel Margins Strong Despite Flood Of Products From China 11.11.2016

iconOne feature of crude oil and products pricing is the tug-of-war between long-term structural drivers and short-term factors, a scenario being played out in Asian fuel markets. Profit margins for both gasoline and diesel traded in Singapore have staged strong rallies in the past three months. The main factor behind this has been a tightening of the market, with seasonal maintenance at refineries across the region. This short-term factor has influenced pricing, and it appears to be outweighing the longer-term structural driver of steadily rising Chinese fuel exports.