(Oil & Gas 360) By Greg Barnett, MBA – The global energy system depends on one supplier more than any other to balance markets, stabilize prices and step in when the world needs additional crude oil or natural gas. That supplier is the United States. Through scalability, operational integrity and the lowest emissions intensity among major producers, the U.S. has become
(World Oil)– Massy Wood, the Trinidad and Tobago–based joint venture between Wood and Massy Group, has secured the engineering, procurement, construction and commissioning (EPCC) scope for bp Trinidad and Tobago’s (bpTT) Ginger gas development, the companies confirmed. The award covers brownfield modifications to the Juniper platform, including topsides upgrades, subsea pipeline corrosion-protection improvements and the installation of methanol injection systems—critical
(Oil Price)– Energy prices for consumers across the UK rose again this month. Ofgem, the energy regulator, set the maximum annual rate for an average household for gas and electricity at £1,755 until the end of the year. The cap is now over £600 higher than when it was first introduced in 2019. Under the cap, the average price of
(World Oil)– Equatorial Guinea has signed a Heads of Agreement (HOA) with ConocoPhillips to develop offshore Blocks B/4 and EG-27, a deal expected to unlock up to $9 billion in investment and support the country’s ambition to expand its role as a regional gas processing hub. The HOA, signed by ConocoPhillips alongside the Ministry of Hydrocarbons and Mining Development, national
(Oil & Gas 360) – Another 2.5 bcf/d of takeaway is coming for Permian gas via the Matterhorn Express Pipeline, which is expected to be put into service just in time for heating season. According to project lead EnLink Midstream of Houston, Matterhorn is expected to deliver enough natural gas for two million homes after its 580-mile route from the
Nasdaq U.S. liquefied natural gas (LNG) export facilities brought in a record amount of natural gas in the first six months of this year after the Freeport LNG terminal returned to service, the U.S. Energy Information Administration (EIA) said on Monday. Natural gas delivered by pipeline to LNG export facilities, called LNG feed gas, averaged 12.8 billion cubic feet per
World Oil (WO) — Fossil fuel and green energy groups alike have joined forces, in an effort to reform what they call a “broken permitting system,” according to Fox News. A coalition that includes the American Petroleum Institute, Independent Petroleum Association of America and the American Clean Power Association sent a letter on Monday morning, urging Congress to pass “meaningful
Nasdaq Freeport LNG’s long-shut export plant in Texas started receiving natural gas from pipelines over the long U.S. Martin Luther King Jr holiday weekend, according to data from Refinitiv, a possible sign the plant is finally moving closer to exiting an outage. Gas started flowing to Freeport on Jan. 14 and was on track to reach 69 million cubic
BOE Report Canada is taking a second crack at developing a liquefied natural gas (LNG) export industry on its west coast a decade after soaring costs and indigenous opposition derailed a previous wave of proposed LNG terminals. This time, companies are focusing on smaller west coast projects they bet will be cheaper and faster to build. “Smaller projects are easier
Fox Business Swiss Re (SRENH.S), the world’s second biggest reinsurer said it would no longer insure most new oil and gas projects following mounting pressure on big business to do more to help the world cap global warming. Last year, the International Energy Agency report said no more new oil and gas fields should be developed if a target of
CNBC Russian forces on Thursday launched their long-feared attack on Ukraine, sending shockwaves through financial markets and ratcheting up fears about the ramifications for gas supplies around the world. Russian President Vladimir Putin cast aside international condemnation and the first tranche of sanctions by declaring the beginning of a “special military operation” aimed at the “demilitarization” of Ukraine. Russian forces have reportedly fired missiles
EIA The U.S. Energy Information Administration (EIA) provides daily and weekly information on natural gas market activity and drivers in three weekly products: the Weekly Natural Gas Storage Report, the Natural Gas Storage Dashboard, and the Natural Gas Weekly Update. Natural gas is a significant source of energy in the United States, accounting for nearly one-third of total U.S. energy consumption last year. Natural
