Strong demand and environmental awareness draw capital to natural gas in the upstream and midstream sectors.
With the slowdown in economic activity, the growth in oil demand is waning and there is more downside risk than upside risk, according to Stratas Advisors in the firm’s latest oil price forecast.
Two cross-border pipelines have driven growth in U.S. natural gas exports to Mexico.
Stratas Advisors expects the strength of the U.S. dollar will continue to put downward pressure on oil prices for the week ahead. See what else is affecting oil prices in the firm’s oil price forecast.
TotalEnergies' Canadian oil sands assets will generate $1.5 billion of cash flow in 2022, according to CEO Patrick Pouyanne.
Expected merger would create Polish national energy champion.
Approximately 11% of U.S. Gulf of Mexico production has been shut-in due to Hurricane Ian.
Natural gas-fired generation continues to dominate as plants move away from coal and renewables’ share rises, Enverus’ Bernadette Johnson said during Hart Energy’s Americas Natural Gas Conference.
Acting Afghan Commerce and Industry Minister Haji Nooruddin Azizi said the deal would involve Russia supplying around one million tonnes of gasoline, one million tonnes of diesel, 500,000 tonnes of LPG and two million tonnes of wheat annually.
“While it may be surprising that oil is pricing such low growth expectations, this reflects the outsized exodus of investors, forced away by the extreme price volatility this spring,” Goldman Sachs said in a research note.
Upon closing, Kinder Morgan and an undisclosed financial buyer will each hold a 25.5% interest in the Elba Island LNG facility in Chatham County, Georgia. Blackstone Credit will continue to hold a 49% interest.
Ken Hersh, head of the George W. Bush Presidential Center, spoke during Hart Energy’s America’s Natural Gas Conference about the current dynamics of the energy industry, climate change and world order.
Offshore oil and gas producers Chevron, BP, Occidental Petroleum and Hess on Sept. 26 said they had taken precautions ahead of Hurricane Ian’s arrival in the Gulf of Mexico.
The strike action has deepened French refining woes already hit by outages and walkouts at other oil refineries. More than 40% of France’s refining capacity is currently offline.