Devon Energy may sell $1 bln of assets to reduce debt
United States oil and gas producer Devon Energy may sell $1 billion of oil and gas assets in Texas and Oklahoma as part of its 2016 strategy to divest $3 billion to fund drilling and reduce debt.
- Natural Gas Daily ▾
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China is biggest demand-side forecast risk – IEA
Global gas demand is expected to increase by 1.5% per year over the next five years, but low coal prices and the expansion of renewables will create headwinds for the sector, the IEA says.
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- Poland could buy Russian gas at Belarus border
- Jakarta eyes gas-rich deep waters
- Gazprom’s spare production capacity gives it options
- Chinese LNG prices fall in May with slack demand
- Devon Energy may sell $1 bln of assets to reduce debt
- Engie may sell Brazilian gas assets to focus on renewables
- Mexico announces new gas market strategy
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- Global Gas Analytics ▾
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Risk of oil price spike may benefit gas
GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.
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- European hub prices boosted as maintenance cuts supplies
- Henry Hub hits 2016 high with surging power demand
- Risk of oil price spike may benefit gas
- OPEC freeze unlikely with oil above $50/bbl
- Oil price rise dampens hopes for OPEC output cap
- Price favours Canadian gas flows into western US
- Kuwait sees intense inter-sector competition for gas
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