Oil May Determine Fate of Natural Gas-Weighted Stocks

pump jack

The natural gas-weighted stocks were reportedly featured with the highest correlations with oil (USO) (USL) prices in the week’s calendar days to October 30, 2017, and included WPX Energy (WPX) with 96.2% among others. Continue reading

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Gas Field Prospect Could Boost South Canterbury, New Zealand Economy

New Zealand Oil and Gas

New Zealand Oil and Gas

A major potential gas discovery off the South Island’s east coast has been indicated by the New Zealand Oil and Gas (NZOG). Continue reading

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India Set To Build Its First Gas Trading Platform

LNG Tanker

Credit: Creative Commons/Ken Hodge

India is set to build its first natural gas trading platform, which is expected to lead to a market-determined pricing of gas and also encourage investment in the sector. Continue reading

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Is Natural Gas The World’s Fastest Growing Fossil Fuel?

The LNG carrier in Ishikari Bay, Japan
Credit: CC/とまりん♪

Though there is a slight sluggishness globally in the energy market and the downtrend in China’s growth, the energy demand will definitely grow over the next 20 years and even beyond that as the world economy will expand.
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Shoreline and Shell Join Hands For Gas Business In Nigeria

Shell

Credit: Shell

The Shell Petroleum Development Company of Nigeria Limited (SPDC) and Shoreline Energy Limited (parent company of Gasland Company Ltd.) have signed $ 300 million agreement to buy, market, distribute and sell natural gas to consumers and companies in the Victoria Island, Ikoyi, Lekki, and Epe areas of Lagos, Nigeria. Continue reading

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Is Big Oil Geared Up For Natural Gas Revolution?

he pipes with natural gas from the Ormen Lange field,

he pipes with natural gas from the Ormen Lange field. Credit: Creative Commons/Bair175

As per the first Energy Transition Outlook published by DNV GL, natural gas will surpass oil to become the main source of energy by the year 2034 and by the year 2050, it will satisfy 27% of the global energy needs. Continue reading

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French Total to Buy the Oil and Gas Business of Maersk

Maersk Oil

Credit: Maersk Oil

On August 21, 2017 the French energy major Total announced that it has struck a deal to buy the oil and gas exploration and production business of the Danish company AP Moller-Maersk for $7.45 billion. Continue reading

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A Huge Gas Well Discovered by Oil Giant BP in New Mexico

gas wells

Credit: BP

The London-based oil giant BP made an announcement In the first week of August 2017 that it has started the commercial production of gas from a gas well called as NEBU 602 Com 1H, in New Mexico’s Mancos shale, near Colorado border in San Juan basin. Continue reading

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China’s Natural Gas Consumption Shows Rampant Growth

LNG carrier

LNG carrier. Credit: Creative Commons/QatarGas

The International Energy Agency last month has released some amazing facts and figures about China’s natural gas consumption growth pattern. It says China will account for almost 40% of the global annual growth of natural gas demand in the coming five years. Continue reading

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Rising US Natural Gas Output Challenges Russia’s hold In the European Market

LNG Tanker

LNG Tanker

The Energy Information Administration sees the gas output in the United States to be approximately 77.34 billion cubic feet a day in the year 2018, which is up by 1.2% than its earlier estimate of 76.42 billion cubic feet. Continue reading

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