If the EIA outlook is correct, 2021 would be the first time U.S. natural gas output falls for two years in a row since 2005, and 2022 would be the first time consumption falls for three consecutive years since 1983.
EIG's bet in Brazil comes while the state firm Petrobras speeds up asset sales, ending what was nearly a state-held monopoly in natural gas five years ago.
From an improving gas market to international opportunities and a new energy workforce, a panel of veteran analysts in the oil and gas industry discuss what to expect from the sector in 2021.
U.S. natural gas futures rose on Dec. 31 and were on track for their best year since 2016, helped by forecasts for slightly colder weather than previously expected and record LNG exports.
The incoming Biden administration signals an acceleration in the energy transition, while fossil fuel producers count on a COVID-19 vaccine to help demand recover.
The Nord Stream 2 pipeline, which is estimated to cost 9.5 billion euros (US$11.6 billion), will make western Europe more dependent on Russian gas and Washington says it will compromise European energy security.
PetroChina, Asia’s largest producer of oil and gas, has struck a large natural gas discovery in northwest China's Xinjiang region with an initial estimated reserve exceeding 100 billion cubic meters, China’s state news agency Xinhua reported over the weekend.
Oaktree Capital committed to invest an additional $600 million in future mutually agreed upon opportunities to support BKV Corp.’s strategy to consolidate U.S. natural gas assets.
Surging spot prices for LNG are exacerbating a gas supply crunch in key fast-growing emerging markets in Asia just as a cold spell in other parts of the region boosts demand for the fuel.
U.S. Northeast power and natural gas prices for Dec. 16 jumped to their highest level in almost a year as energy companies prepare for what could be the region's biggest winter storm in years.