Shale gas is set to remain a largely regional resource over the next three years, with an uncertain global impact due to the increased technical challenges and higher development costs of the resource. The outlook is a key finding of Deloitte’s global Oil and Gas Reality Check 2013. Deloitte Australia Consulting Partner and National Oil [...]
May 24, 2013 | Posted in
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Mexico imported a record volume of natural gas in 2012, about 2.1 billion cubic feet per day (Bcf/d), which was up 21% from 2011. Natural gas flows from U.S. pipelines accounted for about 80% of Mexico’s overall natural gas imports in 2012; U.S. natural gas exports to Mexico in 2012 were almost 1.7 Bcf/d, more [...]
PIRA Energy Group reported that demand for LNG fell from March to April and actual end user gas demand in countries importing LNG falls by even more. In the U.S., while regional gas prices rose month-on-month basis differentials weakened. In Europe, gas demand has dropped to levels not seen since 2002/2003. Specifically, PIRA’s analysis of [...]
May 8, 2013 | Posted in
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This year, during the celebration of the 12th Spanish Coast and Port Engineering Congress, Siport21 presented four projects which sum up part of their daily technical activity. Two of them were carried out for mexican ports: the Manoeuvrability Study of Port of Altamira and Ship Manoeuvring Study of LNG Carriers at Port of Manzanillo. The [...]
May 8, 2013 | Posted in
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PIRA Energy Group reports that LNG balances have loosened up considerably since the end of March. In the U.S., large year-on-year gas storage deficit propels Henry Hub cash prices. In Europe, weather limits risk to the downside of the gas markets. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Lower Asian [...]
May 2, 2013 | Posted in
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GLE members are interested in supporting the small scale LNG development in Europe. This development is strongly driven by policies and targets to reduce emissions in the transport sector. New emissions control regulations are making LNG an increasingly attractive option for the short sea shipping sector as well as for road transport. On 13 December [...]
April 30, 2013 | Posted in
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Green Field Energy Services announced that it has successfully completed more than 60 fracturing stages using pumps that were powered exclusively by liquefied natural gas (LNG). The hydraulic fracturing was conducted on a series of wells located in the Eagle Ford Shale play in South Texas, and is the first time in history that 100% [...]
April 18, 2013 | Posted in
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Rosneft and Marubeni Corporation signed Memorandum of Cooperation in LNG project implementation and joint exploration and development of oil and gas fields. The document was signed by Igor Sechin, Rosneft President and Chairman of the Management Board, and Fumiya Kokubu, Marubeni Corporation President and CEO, Member of the Board. As part of the Memorandum the [...]
April 17, 2013 | Posted in
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PIRA Energy Group reports that gas storage issues in Europe are becoming the driving force in European spot gas market direction. In LNG markets, the Mideast buying season begins this month, just as the Asian market softens. Specifically, PIRA’s analysis of natural gas market fundamentals has revealed the following: Europe Gas Storage Issues Take Center [...]
April 17, 2013 | Posted in
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Natural gas used to generate electricity so far this year is below the high level during the comparable 2012 period, when low natural gas prices led to significant displacement of coal by natural gas for power generation. In early 2013, coal recovered some market share as natural gas prices rose. By late March, wholesale natural [...]
April 11, 2013 | Posted in
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