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Africa is set to play a pivotal role in the global gas industry in the coming years as the worlds liquefied natural gas (LNG) production capacity soars from 486 million tonnes per annum (Mtpa) last year to 755 Mtpa in 2030, according to Rystad Energys latest projections.
Russia expects its natural gas exports, including via pipeline and LNG, to jump twofold by 2030 and threefold to 2050 under its new long-term energy strategy approved by the government on Monday.
Rising demand for natural gas and favorable policy support are driving major U.S. producers and pipeline operators to revisit plans for new infrastructure in Appalachia—the country’s most productive gas region. During the winter of 2024–2025, heating a home with oil cost roughly twice as much as with natural gas.
Image by Emiliano Ortiz via iStock Italy’s Eni SpA and Argentina’s YPF SA have signed an agreement to build a liquefaction facility to enable the export of natural gas from the Vaca Muerta field in the South American country. The capacity is planned to grow to up to 30 million tons per annum (MMtpa) by 2030.
Offshore pipeline re-use Two main scenarios which can be realized before 2030. In both scenarios, one of the pipelines becomes fully available for hydrogen; the other pipeline continues to facilitate the transport of existing and future natural gas production.
(BOE Report) – Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters. shale gas production in 2024 was around 80 billion cubic feet per day.
The targeted nature of these strikes suggests a deliberate attempt to avoid major disruptions to international markets: the affected refinery and gas field serve Iran’s domestic consumption needs. This shift could bolster arguments for increased investment in Canadian oil infrastructure, including pipelines.
The merger creates a new heavyweight in Canadian energy, ranking as the seventh-largest oil and gas producer and the fifth-largest natural gas producer in the country by output. The divestitures are expected to close before June 30, 2025. Leasing activity for oil and gas rights in Alberta is losing momentum as crude prices soften.
Natural gas producers in the Permian Basin should once again brace for lower prices at Waha as production looks to outpace the pipeline capacity needed to transport gas to both domestic and international markets, including liquefied natural gas shipments, said Jason Feit, lead author of a new report from EIR.
They also pay dividends Published Wed, Jul 9 2025 3:02 PM EDT Updated 2 Hours Ago Darla Mercado, CFP® @darla_mercado WATCH LIVE One corner of the energy market is poised to gain as data centers drive demand for natural gas-fueled power, according to TD Cowen – and a few of those providers pay attractive dividends, too. the analyst said.
Insights on WCSB Oil Production Pipeline Expansions, and AECO Hub Gas Pricing The Canadian oil and gas industry is at a pivotal moment, with significant potential on the horizon that could reshape the landscape. Explore the impact of increased oil sands production on the Canadian condensate and AECO gas markets.
The Federal Clean Electricity Regulations (CER), finalized in December 2024, establish annual emissions limits for fossil fuel power plants, effectively phasing out coal and gas over three decades. It’s projected to cut cumulative greenhouse gas emissions by 181 megatonnes by 2050 , underscoring a vast investment opportunity.
billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas.
million bpd by 2030, an increase of about 500,000 bpd over 2024 figures, and 100,000 bpd higher than the previous outlook, according to the release. Without further incremental pipeline capacity, export constraints have the potential to re-emerge as early as next year, the release said. Production could surpass 3.9
Minister of Petroleum and Mineral Resources Karim Badawi attended the general assembly meeting of Egypt Gas Company to approve and discuss its fiscal year results for 2024, praising its past years achievements across Egypt.
As export infrastructure expands, so does the need for efficient, reliable pipeline operations. And now Albertas proven natural gas reserves have been reassessed and increased nearly sixfold to 130 trillion cubic feet. With LNG exports projected to exceed 30 bcf/d by 2030, now is the time to adopt smarter pipeline solutions.
In the near term, revenue from dispatchable generation is expected to rise through 2030. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. Power Demand Growth – Myth Versus Reality – This updated slide deck, first presented Feb.
Saudi oil giant Aramco is seeking investors in infrastructure, including pipelines, for its $100 billion Jafurah gas project, two people familiar with the matter told Reuters.
(Oil & Gas 360) – HOUSTON–(BUSINESS WIRE)– Cheniere Energy, Inc. Cheniere) (NYSE: LNG) announced today that its subsidiary, Cheniere Marketing, LLC (Cheniere Marketing), has entered into a long-term Integrated Production Marketing (IPM) gas supply agreement with Canadian Natural Resources Limited.
Canada has officially entered the ranks of global LNG exporting nations with the departure of the first cargo from LNG Canada, the country’s first large-scale liquefied natural gas export terminal. More than 50,000 Canadians worked on building Phase 1, while the connecting Coastal GasLink pipeline project employed over 25,000 Canadians.
We expect WCSB oil production will fill existing pipeline capacity by 2027. Key takeaways from the report: Canada is anticipated to grow oil production by ~600 Mbbl/d by 2030 with oil sands expansion projects making up two-third of this volume. Almost all of this growth will be driven by brownfield expansions of existing SAGD projects.
The rapid growth of natural gas production in the Permian Basin is pushing existing infrastructure to its limits, and additional pipeline projects are on the horizon to meet rising demand, according to East Daley Analytics. Beginning operations in early October, the pipeline can transport up to 2.5 Bcf/d of natural gas.
natural gas production, particularly in the Haynesville Basin, as domestic gas prices surge. CEO Murray Auchincloss, speaking at the CERAWeek conference in Houston, highlighted the companys renewed focus on oil and gas, marking a strategic pivot from its previous emphasis on renewable energy. million boepd by 2030.
And that source is natural gas. Natural gas is the only energy source thats plentiful, reliable and affordable enough to meet the increased energy demands created by future technologies like AI. Thats why natural gas is the key to solving this problem: its reliable. Natural gas is already the largest source of U.S.
(Oil & Gas 360) – Calgary, Alberta (May14, 2025) Strathcona Resources Ltd. billion in 2030 and 2031. While HRT is only 19% utilized today, it has been up to 82% utilized historically during periods of tight pipeline egress, providing Strathcona with a natural hedge against future egress bottlenecks.
We addressed the maturity of our bond debt by calling the old bond and issuing a new $100 million bond, thereby increasing available cash and putting in place a capital structure that can provide funding towards delivery on our strategic objectives, regardless of whatever uncertainties may face the business at the macro-economic level.
Then, it will be transported through a 600 km pipeline straight to the refinery, ultimately preventing around 300,000 tpa of CO2 emissions from the site starting in 2030. The post TotalEnergies Signs with German RWE 15-Year Green hydrogen Supply Deal to Decarbonize Leuna Refinery first appeared on Egypt Oil & Gas.
Logistics agreements were also signed with the Arab Petroleum Pipelines Company (SUMED) and Sonker Bunkering Company (Sonker) for product handling, along with local and international distribution agreements.
In a statement posted on its website in February, BP announced a “fundamentally reset strategy” This strategy will see BP grow its upstream oil and gas business, focus its downstream business, and invest with increasing discipline into the transition, the company noted in that statement.
As the company leans into this strategy through 2030, these 10 projects are expected to add $3+ billion in annual earnings by 2026 , reinforcing why advantaged isnt just a buzzword its a blueprint. Upstream Leads ExxonMobil’s 2025 Strategy Powered by Advantaged Projects appeared first on Oil Gas Leads.
February 24, 2025 Edition At Valor, our goal is to keep you informed of the latest news and updates from the oil and gas industry. Read m o re US oil and gas rig count hits highest since June, says Baker Hughes Summary : U.S. million bpd in 2025, while gas production is expected to rise to 104.6 GW capacity. energy exports.
billion in approved projects by 2030, with BP contributing $3.25 Rivals like Shell and Equinor are also scaling back investments in offshore wind in favor of higher-return oil and gas projects. THE NUMBERS BEHIND THE PARTNERSHIP Generation Capacity: Initial contributions include 1 GW from operating wind farms, a pipeline of 7.5
Hunting has secured up to US$60mn of orders from operators in the UK North Sea, with a strong pipeline of opportunities likely to be secured internationally in the coming years, as the oil and gas industry becomes aware of the production benefits of the solution.
NMDC Energy signed an MoU with Al Gharbia, the Abu Dhabi based advanced pipeline manufacturer, to explore ways to accelerate pipe production in the UAE to meet local and regional demand. Tubacex will establish a dedicated research and development (R&D) centre in Abu Dhabi, advancing the development of the countrys industrial base.
Pipeline vandalism, militant attacks on infrastructure, protests and lawsuits are among the issues that have plagued Nigerias oil industry for years. billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gaspipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General.
In 2015, then-Massachusetts Attorney General Maura Healey released a report asserting that no new natural gaspipelines were needed into the region and that the regions power grid faced no reliability deficiency through at least 2030. All was fine, said the Attorney General.
oil producers are grappling with geological limits to production growth as the countrys top oilfield ages and produces more water and gas and less oil and may be nearing peak output. We think that between 2027 and 2030 its likely that the U.S. The EIA classifies wells with a GOR of more than 6,000 cf/b as gas wells, not oil wells.
There is a new sheriff in the White House, and with his administration embracing the oil and gas industry, excitement and relief has permeated throughout. Enverus is an information technology company that provides analytics, insights, and technology to the oil and gas industry.
State firm Alaska Gasline Development Corporation (AGDC) seeks to advance the Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S. Last month, Governor Dunleavy said that Alaska LNG could begin exports by 2030. allies across the Pacific. Alaskan energy can power the U.S.-Japan
State firm Alaska Gasline Development Corporation (AGDC) seeks to advance the Alaska LNG project, designed to deliver North Slope natural gas to Alaskans and export LNG to U.S. Earlier this month, Governor Dunleavy said that Alaska LNG could begin exports by 2030. allies across the Pacific.
Volatility at the start of the Trump Administration might present the last chance to buy Delaware Basin oil and gas stocks on the cheap, in my opinion. The recent goal of maximizing oil production over gas production seems to be flipping and the investing public is not quite in emotional chase mode yet.
Swett, an energy lawyer with Vinson & Elkins, represents pipeline and power companies in cases before FERC and has been an adviser to a chair and a commissioner, both Republicans, at the independent agency. Her term would end in June, 2030. Swett must be confirmed by the Senate, which is controlled by Trumps fellow Republicans.
The global competition for Liquefied Natural Gas (LNG) markets is becoming increasingly intense, especially as several large-scale LNG projects are proposed on the U.S. Mexicos strategic location and pipeline infrastructure provide it with a logistics advantage for shipping LNG to Asia compared to U.S. mtpa by 2030.
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