Concerns over the east coast gas market have deepened, with warnings gas generators may soon burn diesel at extra cost and emissions to plug energy shortages unless new gas supply is developed.
Archives for March 2024
Weak demand shadows minor supply outages
Energy’s gas and LNG market update from senior analyst, Masanori Odaka:
Spot prices in Asia remain under $10 per million British thermal units (MMBtu), well below those seen in the same period in 2022 and 2023, leading to revised optimization demand from buyers.
In general, gas demand and consumption in the northern hemisphere is set to fall in the coming weeks as most countries enter the spring season.
In Europe, April prices on the Netherlands-based Title Transfer Facility (TTF) fell 9.8% week-on-week to approximately $7.9 per MMBtu on 12 March.
Minor supply outages and restocking demand while prices are low may…
HARVESTER ENERGY AWARDED 2 NORTH SEA BLOCKS TO PROGRESS PATENTED SMALL-FIELD PRODUCTION SYSTEM
Harvester Energy (UK) Ltd, a wholly owned subsidiary of Harvester Energy Pty Ltd, has been awarded two blocks in the North Sea with confirmed oil reserves ideally suited to the company’s patented small-field development system.
Shearwater Awarded Seismic Survey for UK Carbon Capture and Storage Project
Shearwater has been awarded a contract for advancing Carbon Capture and Storage (CCS) capabilities in the United Kingdom by Spirit Energy.
The white gold rush and the pursuit of natural hydrogen
The buzz around natural hydrogen – dubbed white or gold hydrogen – is gaining global momentum as a potential gamechanger in the hunt for cost-effective, low-carbon energy sources. Rystad Energy research shows that at the end of last year, 40 companies were searching for natural hydrogen deposits, up from just 10 in 2020. Currently, exploratory efforts are underway in Australia, the US, Spain, France, Albania, Colombia, South Korea and Canada.
One of the most promising elements of white hydrogen is its cost advantage over other forms of hydrogen due to its…
CGG Aims to hit high notes with Hydrogen
CGG, which now calls itself “a global technology and Earth science leader”, has commenced a worldwide natural hydrogen screening project with industry support.