Contractors' margins have been squeezed since oil prices fell. (SCP Oilfield Services) Supply & Demand

Industry must evolve to avoid supply gap – Burke

Caution following the drop in oil prices is set to leave a worrying gap in oil and gas supplies, warns Ray Burke, global product leader at GE.

By Silvia Favasuli 18 July 2017
Supply & Demand

Sinopec produces 12.8 bcm of gas in H1

China’s state-owned Sinopec produced 12.8 billion cubic metres of gas in H1, up by 16.3% year on year.

21 July 2017
Supply & Demand

Shemu gas field output hits 3 bcm

PetroChina’s Shemu gas field has produced 3.0 billion cubic metres of gas since it came online in 2011, the company has said.

21 July 2017
Supply & Demand

China consumes 114.6 bcm of gas in H1 2017

China consumed 114.6 billion cubic metres of gas in the first half of 2017, up by 15.2% year on year, according to the National Development and Reform Commission.

21 July 2017
Supply & Demand

Northwest Oilfield sells 537 MMcm in H1 2017

PetroChina’s Xinjiang-based Northwest Oilfield subsidiary sold 537 million cubic metres of gas in the first half of 2017

19 July 2017
Supply & Demand

Petrobras production up 2.9% in H1

Petrobras’s domestic and foreign oil and gas production increased by 2.9% in H1 2017 compared with the same period in 2016.

18 July 2017
Supply & Demand

Chinese gas production up 8% in H1 2017

China’s gas production increased by 8.0% year on year in the first half of 2017, to 74.08 billion cubic metres, with output in June up by 14.6%, to 11.5 bcm.

18 July 2017
Supply & Demand

Egyptian gas production to rise 50% in 2018 – petroleum ministry

Egypt’s gas production is forecast to increase by 50% in 2018 and 100% in 2020, the country’s Petroleum Ministry said this week.

18 July 2017
Supply & Demand

German gas imports up 19.5% in 2017

Germany’s gas imports between January and May 2017 increased by 19.5% from a year earlier.

18 July 2017
An LNG-fired power plant in China. (CNOOC) Supply & Demand

Gas demand growth rests on power sector role

Cedigaz expects gas demand to grow by 1.6% per year to 2035, with most of this demand emerging in Asia and being increasingly met by LNG.

18 July 2017
Efforts to tackle air quality in China may have been underestimated. (Interfax) Supply & Demand

China gas demand on pace for record growth in 2017

Demand for domestic and imported gas is rising faster than expected, putting China on track to boost consumption by a record amount this year.

17 July 2017
Supply & Demand

Sluggish Latin economies will hit demand – IEA

The IEA is bullish on South American LNG demand, putting it at odds with the Oxford Institute for Energy Studies.

17 July 2017
The IEA expects industry to drive future gas demand growth. (Microsoft) Supply & Demand

The golden age of industrial gas

Industrial demand, not power, appears to be the main driving force behind the latest growth in the global gas market.

14 July 2017
Supply & Demand

Vaca Muerta set for big rise in oil and gas output – Woodmac

Wood Mackenzie has forecast a significant increase in oil and gas production from existing projects in Argentina’s Vaca Muerta formation.

13 July 2017
Supply & Demand

Zhejiang consumes 4.8 bcm in H1 2017

China’s eastern coastal province of Zhejiang consumed 4.8 billion cubic metres of gas in the first half of 2017.

13 July 2017
Supply & Demand

PetroChina subsidiary produces 18.6 bcm in H1 2017

PetroChina has said that its Changqing Oilfield subsidiary produced 18.6 billion cubic metres of gas in the first half of 2017.

13 July 2017
Supply & Demand

Gas supplies to Thailand resume from Malaysian-Thai JDA

Gas supply to Thailand has resumed following the emergency shutdown of the Malaysian-Thai Joint Development Area last month.

13 July 2017
Supply & Demand

Indonesia will find it hard to hit gas targets – state gas executive

Indonesia will struggle to meet its targets for gas use, the commercial director of state gas company PT Perusahaan Gas Negara has said according to local media.

13 July 2017
Supply & Demand

China to take largest share of global 1.6% annual gas demand growth – IEA

Global gas demand is expected to rise by 1.6% per year for the next five years, with China accounting for 40% of this growth, the International Energy Agency has said.

13 July 2017
Supply & Demand

Domestic production cuts Indonesian demand for LNG imports

Indonesia is unlikely to need LNG imports before 2020 because of higher-than-expected gas production, according to the country’s director general of oil and gas.

12 July 2017
Supply & Demand

US LNG exports see strong growth in 2017

United States LNG exports will average 53.8 MMcm/d in 2017, up from 14.2 MMcm/d in 2016, according to the EIA.

12 July 2017

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