India's natural gas demand is forecast to more than double to 516.97 million cubic meters/day in fiscal 2021-22, according to a report commissioned by an oil ministry regulatory body. Demand in fiscal 2016-17 is forecast at 378.06 million ...
Tags: Natural Gas, natural gas demand
"We had a good start to the year in our chemicals business and in the Agricultural Solutions segment. We sold more. This more than compensated for the negative effects on sales from the comparatively weak U.S. dollar and currencies in ...
Tags: Construction, Decoration, Chemicals, Oil, Gas
BASF is evaluating an investment in a world-scale methane-to-propylene complex on the U.S. Gulf Coast. The on-purpose production of propylene to supply the company's North American operations would allow BASF to take advantage of low gas ...
Tags: Construction, Decoration, BASF
U.S. manufacturers have grown more competitive over the past decade compared with factories in China, Brazil, and most of the world’s other major economies. So says a new private study, which found that rising wages and higher ...
Tags: Chinese electricity
The World Bank has called on Bangladesh to raise domestic natural gas prices after five years without an increase. "The administered price of domestically produced natural gas is fixed at a level considerably below that of the ...
Tags: Natural Gas, Domestic Prices
UK onshore explorer Egdon Resources said Friday it could have 18 Tcf of gas initially in place in shale gas reserves in its licenses within the Bowland-Hodder shale sequence in northern England. That is equivalent to around 510 billion ...
Tags: shale gas, UK gas consumption
An explosion Wednesday at Williams' 1.5-Bcf/d Opal Processing Plant in Wyoming was continuing to significantly cut into Rockies flows Thursday and helped lift Western spot gas and forwards prices. Prior to the incident, Opal plant ...
Tags: Forward Gas, Wyoming Pool
US natural gas prices will remain in the $4/MMBtu range this year while production growth in Appalachian shales will continue to be feverish, a consultant's new study and Barclays said Thursday. The energy consultants at Arlington, ...
Tags: Natural Gas, natural gas prices
Ukraine's natural gas output in March fell 5.6% year-on-year to 1.68 billion cubic meters, from 1.78 Bcm in March 2013, an energy and coal industry ministry official said Wednesday, citing preliminary figures. Production fell after the ...
Tags: natural gas, gas production
Technologies that will increase the low rate of ultimate recoveries in shale plays are the next disruptive forces in US oil and gas production, experts said Tuesday in Washington. "The revolutionary change will be breaking out of the ...
Tags: Shale Technology, Schlumberger
State-owned PetroChina has hiked its shale gas production target significantly and now expects to produce 2.6 billion cubic meters/year next year, a senior executive was reported as saying Monday. This is an increase from an earlier ...
Tags: PetroChina, Shale Gas
Indian refining and petrochemical giant Reliance Industries Ltd. Friday reported a 7.9% year-on-year decline in its gross refining margin for the January-March quarter, to $9.30/barrel. However, the company showed an increase of 22.3% ...
Tags: refining, petrochemical, refined products
Australian exploration and production company Santos produced 12.2 million barrels of oil equivalent in the first quarter of 2014, up 1% year on year, the company said Thursday. Santos attributed the rise to increased oil output following ...
Tags: Gas production, LNG, Crude oil
The top natural gas analyst at Jefferies raised his 2014 gas price forecast 8% Thursday, citing a much higher than anticipated winter price in the first quarter and the end of coal's ability to keep gas prices range-bound. "The era of too ...
Tags: natural gas, analyst, Coal
The global LNG market will remain tight through the end of the decade as growing demand in Asia, South America and Europe outpaces supply constrained by high costs and underdeveloped infrastructure, according to a study released Thursday by ...
Tags: LNG Market, LNG demand