The US posted a second consecutive year of record oil production growth in 2013 with its surging shale industry balancing out supply disruptions to underpin an unprecedented period of stable global oil prices, BP said Monday. US output ...
Tags: oil production, oil supply
The Indonesian government reached a deal with lawmakers late Wednesday to revise down its targets for subsidized fuel consumption and crude production in its 2014 budget to make the figures more realistic, officials said. The measure cuts ...
Tags: fuel consumption, crude production
Outbound shipments of Eagle Ford Shale crude and condensate through the Port of Corpus Christi rose to 445,615 b/d in April from 289,987 b/d in April 2013, the most recent data released by the port showed. April shipments also rose 3% ...
Tags: Crude Shipments, Eagle Ford
North America-based petrochemical companies are likely to enjoy a competitive advantage over their rivals based elsewhere for the next several years as a result of the US shale gas revolution, which provides both inexpensive feedstocks and ...
US natural gas demand would increase 3.29 Bcf/d by 2020 as a result of the US Environmental Protection Agency's newly released plan to cut carbon dioxide emissions from power plants 30% from 2005 levels by 2030. After 2020, gas demand ...
Tags: Natural Gas, gas prices
US natural gas demand could increase by 3 Bcf/d to 10 Bcf/d by 2020 under an expected Environmental Protection Agency plan to reduce carbon dioxide emissions from power plants, analysts said Friday. Using its authority under the Clean Air ...
Tags: Gas Demand, natural gas
The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...
Tags: Shale Oil, offshore production
The US shale gas and oil boom of recent years is "very profound, but sometimes taken out of proportion," International Energy Agency chief economist Fatih Birol said at the Flame conference in Amsterdam Tuesday. Birol said that of the ...
Hess Corp. and North Dakota officials gathered Monday to mark the recent completion of an expansion of the company's natural gas processing plant that will help cut the amount of gas production wasted through flaring and boost NGL ...
Tags: natural gas, pipeline
GDF Suez has signed a sales and purchase heads of agreement with Japanese utility Tohoku Electric Power to deliver 270,000 mt/year of LNG over a 20-year period starting in 2018 from the planned Cameron LNG plant in the US, the French ...
Tags: LNG, Tohoku Electric
Japan Petroleum Exploration plans to start drilling Japan's first horizontal shale exploration well at its onshore Fukumezawa oil field in Akita prefecture in the northwest for about one month from May 22, a company official said Tuesday. ...
South Korea will seek to import more shale gas-based LNG from North America to meet rising power demand amid tighter environmental regulations, the deputy energy minister told Platts Friday. "Natural gas as a source of power generation ...
Tags: Shale Gasc, LNG
Shale gas regulations should be streamlined and the government should lend its weight to industry attempts at producing gas through hydraulic fracturing, the Economic Affairs Committee of the UK's upper house of parliament said. Launching ...
Tags: Shale gas, Energy security
LNG volumes coming on stream from countries including the US and Australia in the next few years could lead to a progressive convergence of global gas prices and more LNG imports into Europe as well as the Far East, US Energy Secretary ...
Tags: LNG Exports, LNG market
Listed Japanese companies as a whole are expected to maintain profit growth in the fiscal year ending March 2015, but management, concerned by the recent sales tax hike and emerging-market slowdowns, have issued conservative earnings ...
Tags: Electrical, Electronics