An lng bunkering ship in Rotterdam LNG

Total-Engie deal shows value in US upstream assets

Total’s acquisition of Engie’s LNG assets shows it has confidence in the sector, analysts say.

By Annemarie Botzki 23 November 2017
Exploration & Production

Bullish ExxonMobil forgoes gas production cuts

ExxonMobil has no plans to curtail North American gas production, but low domestic gas prices have prompted the company to seek out higher-margin liquids yields from its onshore unconventional holding

1 February 2012
Exploration & Production

EIA downplays Marcellus reserve revision

EIA downplays Marcellus resource estimate revision, saying costs and returns on drilling are more important. Senate committee panelists say LNG exports are a good idea, but note structural impediments that will add to costs.

1 February 2012
Supply & Demand

US gas imports hit 20-year low

US net gas imports hit a 20-year low in November 2011, according to the US Energy Information Administration (EIA).

1 February 2012
Supply & Demand

China’s interest in Kitimat LNG a ‘no-brainer’

With Canadian Prime Minister Stephen Harper preparing for a trip to China next week, speculation is mounting over how hard he will push Canadian energy exports following a rebuff from the United States over the proposed Keystone XL oil pipeline, and whether any hints will emerge on China's possible role as a main offtaker of LNG from the recently a

31 January 2012
Exploration & Production

Gas well numbers in US fall

The proportion of gas wells in the total figure for US well completions fell to 32% in 2011 from 39% the year before, according to industry group the American Petroleum Institute’s latest quarterly well completion report.

31 January 2012
Exploration & Production

Labour shortage to limit Canadian drilling

Canadian oil and gas industry groups have warned that labour shortages will limit the expansion of drilling activity in 2012.

31 January 2012
Exploration & Production

Chevron shuns high-cost shales for now

Chevron’s hesitance over North American shale is a product of prohibitively high entry costs, the company’s Chief Executive John Watson said

30 January 2012
Companies & Finance

Speculation swirls over El Paso $7 billion deal

The companies reportedly circling El Paso’s exploration unit are tight-lipped on on-going discussions.

30 January 2012
Exploration & Production

Sceptics doubt Obama’s offshore promises

The Gulf of Mexico lease sale indicates that United States President Barack Obama has made domestic oil and gas development a central part of his policy platform. However, industry analysts doubt this will translate into concrete policies.

27 January 2012
Exploration & Production

Kinder Morgan hopes to join shale-LNG dots

US pipeline firm is in talks with Cheniere to transport gas to the proposed Sabine Pass liquefaction plant. But the Sabine Pass liquefaction plant doesn’t exist yet.

27 January 2012
LNG

Cheniere takes another step towards LNG exports

UK-based BG Group has agreed to add 2 million tons per annum (mtpa) to an existing 20-year sale and purchase agreement (SPA) with United States-based LNG terminal developer Cheniere Energy, bringing t

27 January 2012
Exploration & Production

‘Phenomenal’ prospects for ExxonMobil and Americas Petrogas

ExxonMobil and Americas Petrogas have “phenomenal” tight gas prospects in Argentina and expect “explosive” output growth in five years, said Guimar Vaca Coca, managing director of Americas Petrogas.

26 January 2012
Companies & Finance

Rock-bottom prices force ConocoPhillips shut-ins

ConocoPhillips shuts in gas due to low prices, and shifts capex to liquids. Oxy is also avoiding dry gas drilling, but can’t shut in wells, because it produces mostly associated gas.

26 January 2012
Exploration & Production

Obama calls for clean shale drilling

United States President Barack Obama called for continued development of US shale gas, but stressed a need for environmental standards in his State of the Union address on 24 January.

25 January 2012
Supply & Demand

Chesapeake production cuts prompt fleeting price rise

A price rise following news of US independent Chesapeake’s planned gas production curtailments will prove transitory without additional support from colder weather or cuts by other drillers, say ana

25 January 2012
LNG

Alaska’s LNG ‘deadline’ may go unheeded

Alaska Governor Sean Parnell’s attempts to speed up development of an export project for the state’s North Slope gas are likely to be futile.

24 January 2012
Supply & Demand

US to become net LNG exporter by 2016

LNG will make a modest contribution to rising United States gas exports between now and 2035

24 January 2012
Exploration & Production

Arctic oil and gas faces challenges – EIA

Development of oil and gas in the Arctic faces a range of challenges, with gas particularly disadvantaged due to its low market value relative to oil, according to the United States Energy Information Administration.

23 January 2012
Companies & Finance

Chesapeake cuts dry gas, rig counts and spending for 2012

United States independent Chesapeake has reduced planned dry gas output, rig counts, and spending for 2012 in response to low gas prices.

23 January 2012
Exploration & Production

Range Resources lifts proven reserves by 14% in 2011

United States independent Range Resources lifted proven reserves by 14% in 2011 over 2010, to 144.42 bcm, despite the sale of Barnett shale properties holding 25.6 bcm of gas equivalent in April 2011.

23 January 2012

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