(BOE Report)– Liquefied natural gas (LNG) will be European oil major Shell’s biggest contribution to the energy industry over the next decade in terms of value and as it seeks to cut emissions from fossil fuel production, CEO Wael Sawan said on Monday. Sawan has increased Shell’s focus on natural gas to improve the company’s financial performance against its peers
(World Oil)– Colombian oil producer Ecopetrol SA is pursuing oil and gas deals in Brazil that could include a cluster of onshore Petrobras fields in the northeastern state of Bahia. “We believe that Brazilian onshore has great potential, especially in natural gas,” Jorge Martínez, the head of Ecopetrol’s operations in Brazil, said in an interview from the company’s offices in
(Oil Price)– The discovery of the massive Vaca Muerta shale play was a game changer for the economically troubled South American nation of Argentina. The country, which with 2024 gross domestic product of $632 billion ranks as the second largest economy in South America and third largest in the broader region of Latin America, is rapidly becoming one of the region’s
(Oil Price)– U.S. crude oil production from onshore federal lands hit a record 1.7 million barrels per day (bpd) in 2024, according to the EIA and the Department of the Interior. That’s a sixfold jump since 2008—far outpacing the broader rise in national crude output, which nearly tripled to 13.2 million bpd over the same period. The driver? An explosion of activity
(Oil Price)– Power generation from clean energy rose globally in the first half of the year, led by the renewables champion China, while power output from fossil fuels remained flat from a year earlier, due to rising gas and coal use in Europe and surging coal generation in the United States. China’s clean energy generation jumped by 14% to a
(Oil Price)– A new oil pipeline to Canada’s Pacific coast is highly likely to make it to the federal government’s list of projects of national interest, Canadian Prime Minister Mark Carney told Calgary Herald in an interview published this weekend. “I would think, given the scale of the economic opportunity, the resources we have, the expertise we have, that it is
(World Oil) – Tokyo Gas Co. is in discussions with multiple U.S. liquefied natural gas suppliers to secure a long-term purchase agreement, as rising energy demand leaves Japan increasingly dependent on the fuel source. Japan’s largest gas distributor is in talks with at least four companies over supply from projects dotting the U.S. Gulf Coast, according to people with knowledge
(World Oil) – The media are reporting new predictions that oil production in America is in irreversible decline. Apparently, peak oil is back in vogue, like it’s 2005 instead of 2025. As a regulator of the nation’s largest oil and natural gas producing state, I’ve seen these scary headlines many times before, but here’s the good news: they are always wrong.
(Investing) – WASHINGTON-U.S. President Donald Trump will nominate Laura Swett as chair of the Federal Energy Regulatory Commission, the current head of the panel and a White House official said. Swett, an energy lawyer with Vinson & Elkins, represents pipeline and power companies in cases before FERC and has been an adviser to a chair and a commissioner, both Republicans, at
(Oil Price) – Crude oil and natural gas investments in Colombia could rise to $4.68 billion this year, from $4.33 billion in 2024, the country’s oil and gas industry association said, adding that this will not lead to higher production. “Today more investment is required to produce the same amount of oil, due to the natural depletion of the fields and
(Oil & Gas 360) – Electricity Data For The Month Of March Highlights Why Many Are Likely To Soon Be Caught Very Natural Gas Short More energy needed to power the much needing to be done had 3.2% more electricity generated in March than last year. Grid connected electricity generation plus small-scale solar averaged 11.030-billion-kilowatt hours per day (Bkwh/d) in
(Oil& Gas 360) – Headlines Continuing To Paint A Bearish Oil & Natural Gas Picture During The Month Of May Are Keeping Steadily-Tightening, Temporarily Hidden. Wednesday’s main oil market headline was that U.S. inventory increased again. The main headline from Wednesday morning’s release of the Department of Energy’s (DOE’s) Weekly Petroleum Status Report was that “U.S. crude oil inventory increased again.”
