Commodities
USA Set for Gas Boom – Way Cool
Natural gas production in the United States is set to grow to a new record of 93.3 billion cubic feet per day (Bcfd) in 2022 and will continue to rise thereafter, exceeding 100 Bcfd in […]
Fossil
Crude Oil News
Pioneer Natural Resources goes on buying spree in Permian
Two years ago, Pioneer Natural Resources was reversing course and retrenching after Wall Street soured on the Irving-based oil and gas company. “The market clearly isn’t paying for your business model,” one analyst said while another complained […]
EIA News
EIA expects U.S. natural gas consumption to continue decreasing in 2021 and 2022
EIA’s April Short-Term Energy Outlook (STEO) forecasts decreased total U.S. natural gas consumption in 2021 and 2022 following a decline in 2020. Consumption in 2020 was 1.9 billion cubic feet per day (Bcf/d) lower than […]
Fossil
Europe kicks the can on defining role for natural gas in a clean energy transition
The European Union is poised to delay a decision on what it means to be “green” in certain sectors in an effort to defuse tensions over the roles of natural gas and nuclear in the […]
Coal
South Korea faces a public reckoning for financing coal plants in Indonesia
The coastal town of Suralaya in Indonesia’s West Java province has eight coal-fired power generating units in its vicinity, which residents blame for respiratory ailments and declining fish catches. South Korean public financial institutions are […]
Crude Oil News
Shell flags shrinking oil, gas reserves life in energy transition document for shareholders
London — Shell expects to have produced about two-thirds of its existing oil and gas reserves over the next two decades, the company said April 15, highlighting its falling exposure to future oil prices as the […]
Coal
China’s Record Coal Prices Turn Dangerous With Mining Deaths
Soaring coal prices in China are making mining companies prioritize output ahead of safety, a government agency said amid a spate of deadly accidents. A massive rescue operation is underway to try to save 21 […]
Fossil
McDermott’s CB&I Storage Solutions Awarded LNG Storage Contract for Philippines’ First LNG Import Terminal
McDermott International, Ltd today announced that its CB&I Storage Solutions business has been awarded a contract by Atlantic Gulf and Pacific Company of Manila Inc. (AG&P) for the engineering, procurement and construction of a liquefied […]
Coal
Wyoming sets aside money to sue states, like Colorado, for their renewable energy policies
Energy News Beat Publishers Note (ENB): Very interesting from a state’s perspective on the Colorado SB 181 and the impact on oil. Considering that Colorado legislation has been presented to the Biden Administration to be […]
Fossil
India’s 1st floating LNG storage & regasification unit arrives in Maharashtra
Mumbai: India’s first Floating Storage and Regasification Unit (FSRU) has arrived at H-Energy‘s Jaigarh Terminal in Maharashtra. In a statement, H-Energy said the FSRU ‘Hoegh Giant’, which sailed from Keppel Shipyard, Singapore, was berthed at Jaigarh terminal in Maharashtra […]