Ever since the U.S. shale revolution took flight in 2008, it’s been a consistent theme: not just rising natural gas production but also rising proven natural gas reserves. In fact, over the past decade, the U.S. Department of Energy reports that our proven gas reserves have ballooned nearly 85% to almost 450 trillion…
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The first production unit at Sempra Energy’s Cameron LNG export terminal in Louisiana has reached the final stage of the startup process known as commissioning. https://www.chron.com/business/energy/article/Cameron-LNG-reaches-final-stage-of-startup-process-13771327.php?cmpid=ffcp
(OGJ Editors – 03/21/2019) – European mainland gas prices have fallen now to about $5/MMbtu, a 50% decline from late September peaks. The loss in supply-demand is due to warmer weather, large LNG imports, and more active renewables. https://www.ogj.com/articles/2019/03/morgan-stanley-low-european-gas-prices-to-prompt-us-lng-utilization-cuts.html
LONDON and NEW YORK (Bloomberg) — For a glimpse into what the global oil price might look like one day, a good place to look is the Dutch port of Rotterdam. There, at a key hub for Europe’s oil trading and refining, crude imported from the U.S. is determining the…
Light, sweet crude oil for April dropped modestly on the New York market Mar. 15 but still settled just above $58.50/bbl on Mar. 15 while Brent crude oil for May also dropped modestly in London but again settled above $67/bbl. – Oil & Gas Journal https://www.ogj.com/articles/2019/03/market-watch-brent-holds-above-67-bbl-despite-world-economic-concerns.html