A year ago, it was common for energy executives, regulators and critics to marvel at the sense of whiplash they felt from the extraordinary revival of North American natural gas production. Technology shifts long in the making but broadly below the radar of markets underpinned an expansion of the fuel’s market share amid low pricing… Keep reading →
Oilfield service companies are being told to prepare for a ramp-up in natural gas drilling next year as the outlook for prices continues to improve, according to Barclays Oil Services and Drilling analyst James West. West presented the results of a semiannual survey of more than 300 oil and gas companies’ budgeted global upstream capital… Keep reading →
It has taken a couple of years for the energy industry to acknowledge a new reality: Natural gas availability is soaring in contravention of forecasting models that have been in use for decades, and the fuel is set to transform everything from power generation and transport to chemicals and even the trade deficit.
As old operating realities have been thrown out the window, as major oil players increasingly become natural gas companies, as billions of dollars of investment in proposed export terminals is argued over inside the sector and out, the strategic arm of this most strategic of industries is racing to catch up. Keep reading →
On the surface, LNG appears to represent a new opportunity where easy profits are for the taking. In reality, producing and delivering LNG is a difficult business, and that business will only get harder as time goes on.
Unlike natural gas, where prices are established regionally, LNG is becoming a global commodity. Market prices depend on global supplies and demand. It is expected supplies will remain constrained for the next three years. Keep reading →