In 2017 China surpassed South Korea to become the world’s second-largest importer of LNG, according to data from IHS Markit and official Chinese government statistics, the EIA said. Driven by government policies designed to reduce air pollution, LNG imports increased by 1.6 Bcf/d in 2017, with monthly imports reaching 7.8 Bcf/d in December 2017. China has been striving to transition
Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs. Cabot incurred a total of $757.2 million of capital expenditures in 2017, including $637.2 million of drilling and facilities capital associated with drilling 91 gross (82.5
Noble Energy, Inc. (ticker: NBL) has signed agreements to sell significant quantities of natural gas from the Leviathan and Tamar fields to Dolphinus Holdings Limited to supply gas in Egypt. These agreements, one for natural gas from Leviathan and one for Tamar, each provide for total contract quantities of 1.15 trillion cubic feet of natural gas. The natural gas is
TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for
U.S. proved reserves of natural gas increased 5% in 2016, compared with a 17% decline in 2015 The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of December 31, 2016, according to U.S. Crude Oil and Natural Gas Proved Reserves, Year-end 2016, released by the EIA. U.S. crude oil and lease condensate proved reserves
The Accelerating Growth of Wind and Solar Energy is Being Driven by Government Climate Policies, Global Corporations Thrusting Themselves onto the Green Bandwagon, Fervent Activism Against Fossil Fuels, a Carbon Concerned Millennial Generation that is Willing to Pay More for Renewable Energy, and for Some Large Electricity Buyers–Attractive Economics Last week, Oil & Gas 360® published an exclusive interview with Martin Keller, Director of
The draft Climate Change Action Plan, as reported in the Globe and Mail today, proposes phasing out natural gas heating in homes and replacing it with electric heat. While Enbridge supports a lower-carbon future, we believe that phasing out of natural gas for home heating is not a responsible solution: We believe that greening the natural gas grid is a
From EIA Source: U.S. Energy Information Administration, based on Canada’s National Energy Board, Canada’s Energy Future 2016: Energy Supply and Demand Projections to 2040 In its recent publication, Canada’s Energy Future (CEF), Canada’s National Energy Board (NEB) projects that both Canada’s natural gas production and its domestic natural gas consumption will increase through the next decade. Exports of natural gas
CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in
