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.
Latest News
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.
NextDecade Takes FID for First Three LNG Trains at Rio Grande LNG
NextDecade has taken a final investment decision (FID) to construct the first three liquefaction trains (Phase 1) at the Company’s 27 million tonnes per annum (MTPA) Rio Grande LNG (RGLNG) export facility in Brownsville, Texas.
Shearwater GeoServices to Conduct Innovative Streamer & Node Survey for OMV (Norge) AS.
Shearwater has announced a new project with OMV for a pioneering towed streamer survey with Ocean Bottom Nodes over the Berling gas and condensate discovery.
New Sunshine State APPEA Director Aims to Ensure Gas Momentum
Australia’s oil and gas industry has named its new Queensland Director to ensure the state continues to share in the benefits of the gas industry on the path to net zero.
PGS Targets North Sumatra for Latest Data Rejuvenation
The North Sumatra MC2D data rejuvenation project from PGS will provide a new look at one of the hottest hydrocarbon provinces in Indonesia following the successful Timpan-1 discovery in 2022. Data will be ready in Q2 2024.
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.