Spending on conventional oil and gas exploration is rebounding and expected to top $50 billion this year, the highest since 2019, but operators are still waiting for the results they had hoped for.
Industry
APPEA: ‘Victorian Home Gas Ban Ignores Importance of Gas in Net Zero Energy Mix’
The Victorian Government’s gas ban for new homes ignores the fundamentals of the energy system transformation to net zero including the importance of gas as a partner to renewables in reliable electricity generation.
The Australian Petroleum Production & Exploration Association (APPEA) today said the Government’s policy shifts the burden on to consumers, pushing households on to an already strained coal-based electricity grid and ignoring the urgent need for new local gas supply to...
Shale Oil Market Likely to be Valued at US$ 6.68 Billion by 2032
The shale oil market is likely to be valued at US$ 6.68 Bn by 2032, according to a new report on the Shale Oil Market released by Future Market Insights.
China’s Shanxi Province Achieves Record Unconventional Gas Production
China’s state-owned news agency, Xinhua, says the production of gas in north China’s Shanxi Province increased 5.7% to 6.82 billion cubic metres in the first half of 2023, setting a new record for the major coal region.
US LNG looks to be Headed to Asia, not Europe, as TTF prices fall, says Rystad Energy’s Gas and LNG Market Update
LNG cargoes from the US are poised to shift to Asian ports as prices fall in Europe.
EnergyQuest Releases its June 2023 Australian LNG Monthly Report
In a concerning sign of the health of Australia’s electricity market, the supply/demand balance for gas depends significantly on reduced gas-fired power generation (GPG) demand and good weather.
Record Numbers Gathered in Norway for the twelfth Trondheim CCS Conference (TCCS-12)
Recently, carbon capture, transport, utilisation and storage (CCS) experts from around the world gathered in Trondheim for the twelfth Trondheim CCS Conference (TCCS-12). Never before had there been such a large interest in the conference, with a record number of participants, nationalities, and abstract submissions.
North America natural gas demand surges on summer heat wave, triggering short-term price jump after muted shoulder season
Rystad Energy’s North America gas and LNG market update from analyst Ade Allen says after a muted shoulder season for North American gas markets, summer has arrived with a bang and demand is set to surge.
TTF prices top $14 per MMBtu on Norway maintenance delay – Rystad Energy’s Gas and LNG Market Update reveals
China to lead LNG regasification pipeline capacity additions in Asia by 2027, says GlobalData
China is set to dominate the liquefied natural gas (LNG) regasification capacity additions in Asia, contributing around 34% of the region’s capacity additions by 2027, according to data and analytics company, GlobalData.