US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year. (Stockvault) Exploration & Production

OPEC cuts fuel US production growth

US oil production is rising and a backlog of uncompleted wells raises the risk of further price weakness later in the year.

By Peter Stewart 22 March 2017
Drilling for oil in the Permian Basin. (Devon Energy) Exploration & Production

Permian drives US oil and gas production growth

The Permian Basin is at the epicentre of oil and gas production growth in the US, accounting for nearly half the wells drilled in the country this year.

15 March 2017
Cameron LNG plant. The US will become a leading exporter of both gas and liquids. (Sempra LNG) Exploration & Production

US ratcheting up exports of crude oil and NGLs

US NGL and crude oil exports may have an even bigger impact on global markets than US LNG, Interfax Chief Energy Analyst Peter Stewart told an LPG conference in London this week.

2 March 2017
Futtsu thermal power station. Gas faces challenges in the power sector from nuclear in both Japan and South Korea. (Tepco) Exploration & Production

Warm summer weather in NE Asia to boost demand

A hot summer in Northeast Asia will boost demand for air conditioning, supporting requirements for gas-fired power generation and total gas consumption.

27 February 2017
Delays to the commissioning of Australia’s LNG export projects will ease the glut this year. (Chevron) Exploration & Production

Australia LNG – delays will not stop the deluge

Delays to the commissioning of Australia’s LNG export projects will ease the glut this year, but the influx of supply will only be slowed, not stopped.

16 February 2017
Fessenheim nuclear plant, France (EDF) Exploration & Production

France – pressure on gas ahead

Stronger nuclear output and weaker demand will weigh on French gas prices.

26 January 2017
The new US president has threatened to boost coal, cut emissions regulations and introduce tariffs on Chinese goods. His counterpart in Beijing, meanwhile, has stressed the need to do exactly the opposite. (PA) Exploration & Production

Trump and China: on a collision course?

The new US president has threatened to boost coal, cut emissions regulations and introduce tariffs on Chinese goods. His counterpart in Beijing, meanwhile, has stressed the need to do exactly the opposite.

24 January 2017
Overemphasis on shale gas production in the US could derail prospects for cheap gas in the country. (Encana) Exploration & Production

US reliance on shale gas a risky strategy

Overemphasis on shale gas production in the US could derail prospects for cheap gas in the country by boosting Henry Hub prices over the coming years.

18 January 2017
The US has more than 5,000 wells drilled but not completed, meaning production could be in for a boost if the oil market rebalances in 2017. (PA) Exploration & Production

Next year’s well completions may boost US oil and gas

The US has more than 5,000 wells drilled but not completed, meaning production could be in for a boost if the oil market rebalances in 2017.

19 December 2016
An Anadarko drilling rig in the Eagle Ford shale play. (Anadarko) Exploration & Production

OPEC decision will boost US production

OPEC’s decision to cut production in the first half of 2017 marks an end to Saudi Arabia’s two-year experiment with unrestrained output. Ironically, shale production in the US looks set to benefit.

7 December 2016
Mexico's reliance on pipeline gas imports from the US is set to rise until 2018. (Gazprom) Exploration & Production

Mexico’s gas output resurgent in the long term

Mexico intends to eventually become self-sufficient in gas production, but its reliance on pipeline gas imports from the US is set to rise until 2018.

17 November 2016
Trump's protectionist stance could depress global oil and gas demand during his presidential term. (PA) Exploration & Production

Price dip from Trump poll victory likely to be short-lived

It is ironic that Donald Trump’s victory in the US presidential election should have revived talk of $20 per barrel oil. Wasn’t he supposed to revive the fortunes of fossil fuel companies?

17 November 2016
Offshore Resolute jack-up rig offshore Bangladesh. The country is facing a crisis in gas supply. (Seadrill) Exploration & Production

Bangladesh climate plan gives mixed message for gas

Bangladesh urgently needs to solve its gas and power supply problems, but its plans to reduce emissions under the Paris agreement appear to prioritise coal over gas.

16 November 2016
An INEOS Dragon-class ethane carrier. A shipment of the fuel arrived in the UK last week. (INEOS) Exploration & Production

Costs may constrain transatlantic ethane trade

Transatlantic ethane shipments look set to grow, but shipping and plant constraints may limit the petrochemical feedstock’s market share.

5 October 2016
Tupi field, Santos pre-salt basin. Increasing pre-salt gas output in Brazil is having an impact on LNG demand in the country. (Petrobras) Exploration & Production

Latin America’s structural shift away from LNG

Latin America’s dependence on LNG imports is set to diminish in the coming years as key regional consumers move away from the fuel.

29 September 2016
The UK has a new government and a new energy department. These changes and other post-referendum developments are already affecting the gas market. (PA) Exploration & Production

UK energy: new government, new policies

The UK has a new government and a new energy department. These changes and other post-referendum developments are already affecting the gas market.

16 August 2016
The Marcellus is the most prolific gas formation in the US, but the rig count there has fallen. (Statoil) Exploration & Production

US oil and gas production to decline in year ahead

A decline in US oil and gas production will tighten the market this winter, but the trend could reverse towards the end of next year as rig counts are improving.

10 August 2016
Camisea project, Peru (Repsol) Exploration & Production

Camisea contract renegotiation back on agenda

Peru’s new administration wants to renegotiate gas production and LNG export contracts to boost revenues, but doing so will pose commercial and constitutional challenges.

5 August 2016
A drillship off the Brazilian coast. (Anadarko) Exploration & Production

Statoil’s pre-salt deal will boost role of IOCs in Brazil

Statoil’s purchase of a majority stake in the BM-S-8 block offshore Brazil is a pivotal moment for IOCs’ ambitions to acquire a piece of the country’s pre-salt acreage.

3 August 2016
Mina Al-Ahmadi LNG terminal, Kuwait. (Kuwait Petroleum Corp.) Exploration & Production

The future is bright for LNG in Kuwait

Kuwait’s increasing dependence on LNG imports will force traditional suppliers such as Qatar to become more competitive with LNG coming from the US and Australia.

21 July 2016
Kuwait is focusing on increasing LNG imports. (KPC) Exploration & Production

Kuwait sees intense inter-sector competition for gas

Kuwait focuses on increasing LNG imports and boosting domestic gas production as inter-sector competition for gas increases.

26 May 2016

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