Regions
Falling gas costs, rising carbon prices spur change in fuel dynamics
Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power plants more economical, marking a trend reversal since coal took over as the cheaper fuel source last year.
Europe slashed winter gas use amid energy crisis
European countries slashed their gas use from August to January, as unusually warm weather curbed household heating, soaring prices curtailed industrial output and governments launched emergency measures to contain the energy crisis.
Freeport LNG receives regulatory approval for commercial operations of its liquefaction facility
Freeport LNG Development L.P. (Freeport LNG) has received regulatory approval to commence commercial operations of the company's natural gas liquefaction and export facility.
Nord Stream 2 blast investigations are ongoing
Investigations by Denmark, Germany and Sweden into explosions on the Nord Stream gas pipelines have not yet concluded, the three countries told the U.N. Security Council.
BCCK boosts propane recovery with next-generation technology at cryogenic gas processing facility
BCCK has applied patent-pending technology, G2R-Flex®, to provide enhanced propane recovery for a premier midstream group in Ohio’s Marcellus-Utica Basin.
Koil Energy Solutions to provide LNG energy services
Koil Energy Solutions announced the receipt of an order to provide services for an LNG project in the Gulf of Mexico.
Audubon awarded engineering contract for West Texas gas plant
Audubon announced that it has entered into an agreement with a major US onshore oil and gas operator in support of large central delivery plant (CDP) engineering in West Texas.
IEEFA: Turmoil in global LNG markets is curbing long-term demand growth
Global liquefied natural gas (LNG) supplies are likely to remain tight through 2025, curbing demand growth in key Asian import markets. European LNG demand may remain strong in the short term, but will decline by 2030 as decarbonization and energy security policies take effect. Meanwhile, a wave of new LNG export capacity coming online later in the decade could create a mismatch between supply and demand, elevating financial risks for LNG suppliers and traders. The findings come from the new Global LNG Outlook from the Institute for Energy Economics and Financial Analysis (IEEFA).
ADNOC to float 4% of its gas business in IPO
Abu Dhabi National Oil Company (ADNOC) will sell 4% of its gas business in an initial public offering (IPO).
Alberta offers to work with Trudeau on carbon capture—with conditions
Canada's Alberta province has offered to collaborate with the federal government to spur carbon capture utilization and storage (CCUS) investments, but only if Ottawa secures Alberta's consent on climate policies that impact oil and gas.
Could three new U.S. LNG plants take FID this year?
At least three proposed U.S. LNG export plants have likely found enough customers to receive financial approvals this year to reach FID.
Australian government seeks more leeway to curb east coast LNG exports
Australia's government has proposed to expand its ability to curb liquefied natural gas exports from three projects on the east coast in order to meet gas supply shortfalls, under a plan due to take effect in April.
IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security
Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.
Japex lifts FY22/23 profit forecast on higher natural gas prices
Japan Petroleum Exploration Co. Ltd. (Japex) has lifted its full-year net profit forecast by 13% on higher selling prices of natural gas and electricity to domestic customers, and also raised its annual dividend estimate.
Oman LNG inks deal to supply China's Unipec with 1 metric MMtpy of LNG
Oman LNG has agreed to supply China's Unipec with ~1 metric MMtpy of liquefied natural gas (LNG) per year for four years starting in 2025.
Woodside, partners to pick plan for Timor Sea Sunrise gas project soon
Woodside Energy Group and its partners on Monday formally committed to working rapidly to pick the best option for developing the Greater Sunrise natural gas field, factoring in for the first time the potential benefits for East Timor.
Bangladesh could buy 10–12 spot LNG cargoes in Feb–June
Bangladesh will buy 10–12 spot LNG cargoes between February and June if prices soften further, an energy adviser to the prime minister told Reuters on Monday, in a reversal of a government decision last year to halt spot purchases after prices spiked.
Asian spot LNG prices decline, but enough to tempt buyers?
The momentum in global liquefied natural gas (LNG) markets swung away from Europe and back to Asia in January, but the modest increase in demand wasn't enough to buoy spot prices.
Trinidad's Energy Minister to begin talks on gas deal in Caracas
Trinidad and Tobago's Energy Minister met Venezuelan officials on Monday, according to Venezuela's state media, the first high-level visit since the United States last month green-lighted the joint development of a key offshore gas project.
Estimating the capital cost of modular gas monetization projects
With the ever-increasing demand for energy, the discovery of natural gas resources—especially in the form of unconventional gas such as shale gas, tight gas, coalbed methane (CBM) and gas hydrates—has stimulated a boom in the production of fuels and chemicals.
Using the over-the-counter markets to navigate the shifting LNG landscape
The considerable disruption in today’s natural gas markets should come as no surprise.
Fouling in gas processing facilities: Testing, root cause analysis and mitigation—Part 2
Fouling in gas processing facilities can take on several different forms, depending on the conditions where it occurs and the contaminants involved.
Canned sealless pumps for hazardous applications—Part 2
The oil and gas industry has many applications that are toxic or hazardous, where process fluid leakage is not permitted and leads to health, safety and environmental impacts. Caustic
Decarbonizing natural gas distribution pipelines
ATCO Gas and Pipelines Ltd. (ATCO) is continuously innovating to reduce emissions and provide clean energy to its customers.
- Gasum powers Equinor's platform supply vessel with bio-LNG
- Oman plans third LNG train, boosting domestic production to more than 15 MMtpy
- ADNOC deploys pioneering AI-enabled process optimization technology
- Mexico Pacific announces long-term LNG SPA with POSCO International
- ONEOK to acquire Medallion and controlling interest in EnLink for $5.9 B
