Novak Asks for Cooperation with OPEC on Natural Gas

OPEC Headquarter.

OPEC Headquarter. Credit: priwo / CC BY-SA 3.0

Russian Energy Minister Alexander Novak recently said in an online conference between Russian and Organization of the Petroleum Exporting Countries (OPEC) officials that it was important to strengthen cooperation in the natural gas industry.  Continue reading

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Korean Yard to Build LNG Floating Storage for Murmansk terminal

LNG carrier

LNG carrier. Credit: Jnzl’s Photos / CC BY 2.0

The deal to build two LNG floating storages has been concluded with the Russian State Transport Leasing Company, according to sources.  Continue reading

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Shell Poised to Cut Oil and Gas Operations By 40%

Shell Refueller

Shell Refueller. Credit: Lommer / CC BY-SA 3.0

Oil and gas multinational major Royal Dutch Shell is looking to cut around 40% of its upstream oil and gas operations to redesign its business toward a greener portfolio, according to sources involved in the costs review. Continue reading

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Markets Look Forward to News of US LNG Cargo Cancellations

LNG carrier

Credit: ncrob1 / CC BY-SA 2.0

Energy company S&P Global Platts recently launched a new benchmark for US crude oil -Platts American GulfCoast Select, or AGS. The assessment reveals sweet crude supplied direct from the Permian Basin on specified pipelines. Further, Platts AGS reflects the value of the crude loading FOB US Gulf Coast, 15 to 45 days ahead. Continue reading

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LNG Industry Trends May Not Recover Until 2021

Gas pipeline

Credit: MaxPixels

The cash margin for the U.S. LNG exporters improved slightly in the second quarter. However, the trend will likely remain negative for 2020, according to a new report from the Oxford Institute for Energy Studies (OIES). Continue reading

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Iraq Set to Develop Massive Gas Reserves

pumpjack

Credit: Pixabay

Iraq, OPEC’s No.2  producer is finally ready to work on its plans to develop its associated and non-associated gas resources. Iraq’s Deputy Oil Minister, Hamed Younis confirmed the move in a statement recently. He said the Oil Ministry was scrutinising projects to develop 1.2 billion standard cubic feet per day (scf/d) of associated gas as an adjunct to oil excavation. Continue reading

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Is Oil and Natural Gas Poised for a Recovery from COVID-19?


The U.S. oil and natural gas industry have faced one of the roughest patches in recent history with the current global pandemic of COVID-19. Continue reading

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Anticipate Even Lower Natural Gas Prices in 2020

The global demand for natural gas is getting severely affected by the COVID-19 pandemic. Rystad Energy forecasts that the natural gas demand would not fall to the same extent as the demand for oil. However, the international gas prices would reach lower averages than previously expected in 2020. Continue reading

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Coronavirus Impacts the Natural Gas Market

In the face of the novel coronavirus, the energy producers are facing the most significant demand shock to hit the markets in decades. The Covid-19 outbreak has already claimed thousands of casualties. Continue reading

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Can LNG-Powered Ships Help Decarbonization?

The shipping industry is constantly on a lookout for new fuels to cut down the industry’s carbon footprint. These efforts are in line with the global marine regulator, the International Maritime Organization, which is set to cut carbon emissions by half compared to the 2008 levels. Continue reading

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