Gas

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Energy, Gas, Gulf States, Oil, Rigzone

Global Drilling And Well Services Activity Sees An Upswing

More than 72,000 wells are expected to be drilled and completed in 2019, representing a 3% growth compared to 2018.

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Energy, Energy Storage, Energy Trading, Gas, Liquid Natural Gas, Rigzone

Major LNG Buyers’ Uncontracted Demand to Quadruple by 2030

Wood Mackenzie expects a record number of FIDs on LNG projects in 2019.

Gas, Innovation, Investment, Liquid Natural Gas, Power, Power Grid, Renewables

Oil majors are finding the right business model for renewables

US onshore oil production averages a 33 percent IRR, observes a Wood Mackenzie report ‘How oil & gas Majors can scale in renewables’. By comparison, a wind project in a developed country generates around 7 percent IRR, while solar earns just 5 percent.

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Energy, Gas, Oil, Rigzone

Volatile Prices Ahead?

Crude prices have suffered their steepest and fastest fall in a decade. The Brent crude price has fallen to just $58.68 per barrel from $86.70 at beginning of October, a decline of a third. The price of crude is determined primarily by actual and prospective supply-and-demand factors and secondarily by […]

Energy, Energy Trading, Gas, Liquid Natural Gas, Rigzone, Shipping

China’s Tariffs: A Headache for the Next Wave of US Natgas Export Projects?

China is the world’s second largest importer of LNG after Japan and an important customer for U.S. LNG. For example, this year between January and August, China purchased 1.6 of the 14.9 million tonnes of U.S. LNG, according to Thomson Reuters’ data, but Sept. 24 marked the start of President […]