Source: Graph by the U.S. Energy Information Administration, based on data from CEDIGAZ In 2021, a large share of Europe’s supply of liquefied natural gas (LNG) originated in the United States, Qatar, and Russia. Combined, these […]
Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO), February 2022 We forecast that U.S. natural gas marketed production will increase to an average of 104.4 billion cubic feet per day (Bcf/d) in 2022 and then further increase to a […]
The two-year Covid crisis put many markets on a wild ride—just look at U.S. Treasuries—but few have had a crazier time than crude oil: from total collapse in 2020 to the brink of $100 a barrel […]
“That’s the max,” chief executive Rick Muncrief told analysts today, citing the steep backwardation in the oil market due to uncertainty around the potential return of Iranian supplies as well as other factors. “That’s why […]
ConocoPhillips is supplying a Bitcoin mining project with natural gas from the Bakken shale of North Dakota in a first for a major U.S. producer. The gas supplied to the pilot project, owned and managed […]
Russian President Vladimir Putin reiterated on Feb. 15 after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a “purely commercial” project which will strengthen […]
Russian President Vladimir Putin reiterated on Tuesday after meeting German Chancellor Olaf Scholz that the Nord Stream 2 gas pipeline, which is still awaiting regulatory approval, is a “purely commercial” project which will strengthen Europe’s […]
Source: Graph created by the U.S. Energy Information Administration, based on data from Eurostat and the International Group of Liquefied Natural Gas Importers (GIIGNL) annual liquefied natural gas trade reports Note: Due to reporting requirements, some volumes […]
(Bloomberg) — The cost to transport a shipment of U.S. liquefied natural gas to energy-starved Europe turned negative, a dramatic reversal that illustrates a growing glut of ships in the Atlantic ferrying American fuel. Spot […]
The inspectors and engineers of the U.S. Bureau of Safety and Environmental Enforcement (BSEE) have conducted an offshore regulatory pre-production inspection of Murphy Oil’s King’s Quay floating production system (FPS) platform. The inspection of the […]
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