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Shell’s Best Bet
After Shell bought BG Group Plc, for $53 billion, crude prices slumped further. Critics quickly questioned the wisdom of the size and timing of the acquisition. Nevertheless, Shell CEO, Ben Van Beurden, pressed on, stressing the strategic importance of the deal. Now, “World Oil” reports that the market is exonerating Van Beurden. A significant majority… Read More
Global LNG Outlook
“World Oil” cites recent analysis by consulting group, Wood Mackenzie, which notes that both Asia in general, and China in particular, saw Liquefied Natural Gas (LNG) demand fall by 2% in 2015. Concurrently, capacity increased with significant start-ups in the U. S. and Australia. In fact, production increased to 250 million tonnes, up 4 million… Read More
LNG Startup
Times have really changed. This week the first crude exports in 40 years will leave Texas ports. “Rigzone” reports that the first Liquefied Natural Gas (LNG) cargo to leave the Lower 48 is scheduled for later this month as well. All of this is a result of the shale revolution. ING Capital LLC has announced… Read More
Natural Gas as a Bridging Fuel
“World Oil” reports that Elisabeth Torstad, CEO of consulting firm DNV GL, asserts that natural gas will play a major role as we transition to a safer, more sustainable, energy supply. Meanwhile, she expects global demand for energy to increase by 50% by 2050. However, she contends that the market needs to become more efficient.… Read More
EIA Gas Forecast
A recent article in “Rigzone” summarized the latest natural gas forecast by the U. S. Energy Information Administration (EIA). While the 2015 forecast was revised slightly downward to 79.58 billion cubic feet a day (bcfd), it still surpasses the 2014 level of 47.89. However, with the current year all but over, I found the 2016… Read More
