LNG Market

Freezing Temperatures Continue To Grip The Country

Lower oil and natural gas prices have yet to find a floor since plunging last year. Oil prices, both global bench mark ICE-traded Brent and New York Mercantile Exchange traded West Teas Intermediate (WTI) crude prices have plunged by around 40 percent since this time last year amid decreased global oil demand and a supply… Keep reading →

Shell Reports Large Drop In Quarterly Earnings

Just a month after oil major Royal Dutch Shell announced that it would acquire BG Group, the UK’s third largest energy company, for $70 billion in cash and stock, making it the biggest energy deal in a decade, Shell’s CEO Ben Van Beurden was off to China to convince regulators there that the deal did… Keep reading →

BC tanker

British Columbia’s (BC) once high-flying liquefied natural gas (LNG) ambitions are taking yet another hit. The one-time goal of the Canadian province to have several LNG projects exporting gas to the Asia-Pacific market has already stalled amid plunging global oil and natural gas prices. Now, the Petronas–led C$36 billion (US$32 billion) Pacific Northwest LNG Project… Keep reading →

oil train

The crude oil tank cars that derailed in North Dakota earlier this week were carrying crude that had been treated to reduce volatility, although the tank cars themselves were older models that have been targeted for replacement. “Hess Corp. spokesman John Roper said the company’s oil complied with a state law that requires propane, butane… Keep reading →

Prince Charles Visits Qatar - Day 2

In recent years, Qatar – with a population of only 2 million –  has become the quintessential heavyweight in the global liquefied natural gas (LNG) industry. The small Middle Eastern country has been the world’s largest LNG exporter since 2006, and has made spectacular profits, particularly from 2011 to mid-last year, riding the crest of record… Keep reading →