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(World Oil) – Global supply of liquefied naturalgas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. expansion this year, the IEA said in its quarterly gas market report.
(Investing) – A consortium led by ExxonMobil (NYSE: XOM ) has discovered a naturalgas reservoir off the coast of Cyprus, according to a government announcement on Monday. The drilling operation found preliminary indications of a 350-meter gas-bearing reservoir at a depth of 1.9
Image by Yutthana Gaetgeaw via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top naturalgas producer last year was the United States. exajoules of naturalgas in 2024, which represented a yearly reduction of 0.3 produced 37.19
Image by Midnight Studio via iStock According to the Energy Institute’s (EI) latest statistical review of world energy, which was released recently, the world’s top naturalgas consumer in 2024 was the United States. exajoules of naturalgas last year, which represented a 1.3 naturalgas demand was 26.00
NaturalGas Inventories as of June 6, 2025 The EIA has released its naturalgas inventory report, showing a net increase of 122 Bcf as of June 6, 2025. Working gas in storage was 2,707 Bcf as of Friday, June 6, 2025, according to EIA estimates. This represents a net increase of 109 Bcf from the previous week.
In 2024, Argentina recorded 99 M&A deals, the highest since 2019, with transaction values reaching $8 billion—the largest amount since 2017, PwC data showed. Vaca Muerta, the world’s second-largest unconventional gas reserve and fourth-largest oil reserve, located in the province of Neuquén, is one of Argentina’s main attractions.
Energy sector M&A is gaining significant momentum, with transaction volumes exceeding $57B in 2024—more than double the pre-pandemic totals of 2019. The naturalgas subsector is leading this growth, accounting for nearly 60 percent of all completed deals and over 70 percent of total transaction volume since 2022 (see chart).
Image by Alexey_Lesik via iStock TotalEnergies SE and CMA CGM Group on Wednesday announced an agreement to form a 50-50 venture to supply liquefied naturalgas (LNG) fuel at the Port of Rotterdam, the Netherlands. TotalEnergies aims to increase the share of naturalgas in its sales mix to nearly 50 percent by 2030.
The Fram South development consists of Echino South, discovered 2019; Blasto, discovered 2021; and two smaller discoveries. “We have a large portfolio of projects that will phase in discoveries to our producing fields. Equinor expects to put more than 50 such projects on stream by 2035”, Hove added.
1 âRegulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942,â EUR-Lex, July 15, 2024.
The Guyanese field’s production has soared from zero in 2019 to 668,000 barrels per day by the end of March 2025, and is forecast to nearly double to 1.3 But Exxon regained ground in 2010 with its $41 billion acquisition of naturalgas producer XTO. shale producer Pioneer Natural Resources for $60 billion.
Deal values surged 30% in the first quarter, with gas representing 62% of traded resources.This momentum continued into the second quarter, with gas making up around 82% of total traded resources, the highest level seen since 2019.
Industrial separation is the most cost-effective capture technology and is widely used in ammonia and bioethanol production, as well as naturalgas processing. 25 âCaster Spain underground gas storage,â European Investment Bank and Complaints Mechanism, March 7, 2018. 2 Comparing â¬39/ton in a 0.6
million homes and businesses in Virginia, North Carolina and South Carolina, as well as regulated naturalgas service to 500,000 customers in South Carolina - filed a letter of intention in December 2023 on the potential license extension of two other nuclear units.
However, TotalEnergies that year exited the Sonatrach Total Entreprise de Polymeres joint venture formed 2019 to explore a petrochemical project in Arzew in the northwest of Algeria. square miles) onshore Algeria. To contact the author, email jov.onsat@rigzone.com What do you think?
operated Buzzard field, which started production 2007; an operating stake of 65.11percent in Mariner, online since 2019; and an 80 percent operating stake in Rosebank, expected to come onstream 2026. Adura will include Equinor’s 29.89 percent stake in the CNOOC Ltd.-operated Shell will contribute its 27.97
has moved away from fossil fuels like coal, oil and naturalgas to reduce planet-warming greenhouse-gas emissions. Delivery times are about two to three years, up from about four to six weeks in 2019, he wrote. watch now VIDEO 12:49 12:49 Why the U.S. grid — pose another obstacle, Cembalest wrote.
“The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. The state-owned integrated oil and gas company said it had won the award June 10.
and QatarEnergy have made another naturalgas discovery in Block 10 offshore Cyprus, the presidential office said Monday. Image by Zigmunds Dizgalvis via iStock Exxon Mobil Corp. Steve Greenlee, then-president of ExxonMobil Exploration Co.,
The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 percent per year.
oil and gas rigs decreased by two to 542 this week, according to Baker Hughes” “Oil focused rigs saw a reduction of seven, bringing the total down to 415, following a loss of two rigs the previous week. “Overall, the total gas rig count increased by five, nearly offsetting the decline in oil rigs.
Brent Crude $78.03 +1.73% NaturalGas $4.04 +1.35% Latest Oil Prices SUBSCRIBE SEARCH ARTICLES NEWS Equinor Offered Another CO2 Exploration License in Norwegian North Sea by Jov Onsat | Rigzone Staff | Thursday, June 19, 2025 | 5:32 AM EST EXL014 will be the fourteenth license to be awarded for CO2 storage on Norway's continental shelf.
"Investment and innovation in the oil and gas sector has led to the significant reduction in the emissions we have seen since OGEMR was introduced in 2019. The MoU establishes a collaborative framework to explore multiple pipeline and rail corridors, and expansion of processing hubs for critical minerals.
tWh to 55 tWh. “At the same time, a more optimistic assessment based on Member State projections suggest that the EU could reach a figure of 42.6 percent, demonstrating the potential to go further”, it said, noting that between 2022 and 2024 EU nations installed about 205 gigawatts of renewable power capacity.
TotalEnergies launched the La Mede biorefinery in 2019. It will be filtered at Quatra sites and sent to TotalEnergies’ biorefineries for road biofuels and SAF production. TotalEnergies has converted its La Mede and Grandpuits refineries into biorefineries.
Refiners in the US are churning through the most crude for the time of year since 2019, and prices for some fuels like diesel have soared. MacDonald, S. El Wardany, N. Razzouk & G.
Loan Guarantee for Grain Belt Express Project by Jov Onsat | Rigzone Staff | Friday, July 25, 2025 | 10:30 AM EST The cancellation stems from a review of agreements signed by the DOE's Loan Programs Office during the last weeks of the Biden administration. “By connecting four U.S.
In this episode of McKinsey Talks Operations , host Daphne Luchtenberg speaks with Roman Belotserkovskiy , a McKinsey partner and global leader of McKinseyâs procurement and supply-management work within the Electric Power & NaturalGas Practice. Another example: Chinaâs apparel exports to the US declined by 12 percent in 2019.
Hexagon Agility says it has received new 2023 orders totaling $19 million for the delivery of renewable naturalgas (RNG)/compressed naturalgas (CNG) fuel systems for UPS heavy-duty trucks.
a nationwide distributor of naturalgas, has released its operating results for the fourth quarter of 2019. “Our The post Clean Energy Reports 2019 Fourth Quarter Sales appeared first on NGT News. Clean Energy Fuels Corp.,
The Natural & Bio Gas Vehicle Association (NGVA Europe) has released statistics and numbers about gas vehicle registrations and fueling station development in 2019. While there […]. The post Europe Increasingly Turns to CNG, LNG appeared first on NGT News.
UPS has signed a follow-on order with Hexagon Agility totaling approximately $20 million for the delivery of naturalgas fuel systems for heavy- and medium-duty trucks.
Two researchers from Miami University of Ohio have just published a new study (full copy below) that makes a bombshell revelation: Between the years of 2007 and 2019, the extraction and use of shale naturalgas led to a REDUCTION in so-called greenhouse gases of 7.5% Study Finds Shale Gas Reduces U.S.
NaturalGas Vehicles for America (NGVAmerica) and the Coalition for Renewable NaturalGas (RNG Coalition) say 39% of all on-road fuel used in naturalgas vehicles in 2019 was renewable naturalgas (RNG).
Gasrec has recorded a five-fold increase in sales of gas across its commercial vehicle refueling network in the first quarter, versus the same period in 2019. The post Gasrec Records Record Growth in CNG, LNG Sales appeared first on NGT News.
(SoCalGas) has renewed a program to supply renewable naturalgas (RNG) to all 32 of the company’s fueling stations, along with six in the San Diego area, signing three-year contracts with suppliers U.S. In April 2019, SoCalGas began replacing traditional compressed naturalgas at fueling stations with […].
a provider of naturalgas fuel and renewable naturalgas (RNG) fuel for transportation in the U.S. and Canada, says it delivered 143 million gallons of Redeem RNG in 2019. Clean Energy Fuels Corp.,
has placed an order with New Flyer Industries Canada for 17 compressed naturalgas (CNG) Xcelsior 40-foot heavy-duty transit buses. This order follows BC Transit’s purchase of 68 CNG buses in August 2019. BC Transit Corp.
The demonstration vehicle was introduced this week at the 2019 North American Commercial Vehicle Show in Atlanta. Cummins’ strategy is to provide its customers with a broad portfolio of power options: diesel, naturalgas, hybrid, battery electric and hydrogen fuel […]. Cummins Inc.
In late 2019, WCS applied for and won a $102,500 grant to help replace older diesel buses through Tennessee’s “Reducing Diesel Emissions for a Healthier Tennessee” (RDE4HT) Rebate Program.
The number of Neste MY Renewable Diesel fueling stations in the state has more than doubled since 2019. Neste, a producer of renewable diesel made from waste materials, has opened two new fueling stations in central California, providing greater accessibility to Neste MY Renewable Diesel.
Since the project was announced in October 2019, the 500,000-square-foot facility has transitioned to environmentally sustainable manufacturing, warehousing […]. Frito-Lay, a division of PepsiCo Inc., says it has made progress in the transformation of its Modesto, Calif.,
These acquisitions are in line with the company’s vertical integration strategy in the hydrogen business laid out in September of 2019 with plans to have more than 50% of the […]. Plug Power Inc., a provider of hydrogen engines and fueling solutions enabling e-mobility, has completed the acquisitions of United Hydrogen Group Inc.
earlier this month, Energy Vision – a national nonprofit that promotes low-carbon energy and transportation fuels – honored government and business leaders for accelerating the adoption of renewable naturalgas (RNG). The 2019 Energy Vision awardees include as follows: State Sen. Todd Kaminsky, D-N.Y.,
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