- Joe Barone, Shale Directories
- Blog
- July 7, 2020
Global wholesale gas prices average $3.88/MmBtu in 2019
Global wholesale natural gas prices declined in 2019 to reach an average of $3.88 per million British thermal units (MmBtu) – a level not seen since 2016, according to the International Gas Union (IGU).- Joe Barone, Shale Directories
- Blog
- July 6, 2020
Global renewables capacity up 7.5% in 2019: IRENA
Global renewable energy capacity increased 7.5% year-on-year in 2019, led by growth from solar and wind sources, according to the International Renewable Energy Agency (IRENA).- Joe Barone, Shale Directories
- Blog
- July 3, 2020
Exploration remains crucial during energy transition: report
Upstream exploration will be critical in meeting the future global energy demand, much of which is set to rely on oil and gas until well beyond 2040, according to Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- June 25, 2020
Braskem completes construction on Texas polypropylene plant
Braskem has announced the construction completion of its newest polypropylene production facility in La Porte, Texas. The $675 million project is expected to begin commercial operations in the third quarter 2020 and the plant’s commissioning is underway, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 22, 2020
Asia to lead construction of new O&G pipelines by 2024
Asia is set to lead the global construction of new trunk/transmission oil and gas pipelines by 2024, holding a 36% of total estimated additions, consulting firm GlobalData said in a new analysis on Friday.- Joe Barone, Shale Directories
- Blog
- June 18, 2020
IEA unveils framework for future government energy action
The International Energy Agency has released an energy sector framework for governments to boost economic growth, create new employment opportunities and accelerate cleaner energy infrastructures.- Joe Barone, Shale Directories
- Blog
- June 18, 2020
Growth in global renewables consumption offers ‘pivotal moment’: BP
The continued increase in global use of renewable energies could provide a “pivotal moment” following the Covid-19 pandemic, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 16, 2020
Chevron, Shell lead industry’s resilience at $30/Bbl Brent: WoodMac
Chevron and Shell’s upstream portfolios are the most resilient at oil price at $30 a barrel and offer the highest cash margins at $70/Bbl, according to analysts at Wood Mackenzie.- Joe Barone, Shale Directories
- Blog
- June 16, 2020
Clean energy needs a boost to reverse Covid-19 economic damage: IEA
The Covid-19 pandemic has dealt a massive blow to countries around the world and brought up “worrying implications” for clean energy transitions, the International Energy Agency (IEA) said in a new report.- Joe Barone, Shale Directories
- Blog
- June 12, 2020
LNG markets to recover post-Covid: Shell CEO
Royal Dutch Shell is confident that the global liquefied natural gas (LNG) market will bounce back to pre-Covid 19 levels, according to CEO Ben van Beurden.- Joe Barone, Shale Directories
- Blog
- June 10, 2020
Global gas market heads to ‘dramatic change’ in 2020: IEA
The global natural gas industry is heading to a major shock this year, with demand on course for its largest annual decline in history, the International Energy Agency (IEA) said in a new report today.- Joe Barone, Shale Directories
- Blog
- June 10, 2020
China to add 2.9 Tcf/y regas capacity by 2024
China is expected to drive growth in new-build regasification capacity over the next four years, adding around 2.9 trillion cubic feet per year (Tcf/y) capacity, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- June 3, 2020
Global LNG demand heads to 1st contraction in 8 years
The global liquefied natural gas (LNG) industry is set to face its first seasonal demand contraction since 2012, Wood Mackenzie said on Tuesday.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
Renewables installations to shrink 13% this year: IEA
Renewables’ new capacity additions are forecast to drop 13% this year to 167 gigawatts (GW) due to the Covid-19 crisis, the International Energy Agency (IEA) said on Wednesday.- Joe Barone, Shale Directories
- Blog
- May 21, 2020
Global gas demand set for 1st fall since 2009: Rystad
Global natural gas demand is set to decrease by nearly 2% this year, led by a disruption in commercial and industrial consumption due to lockdowns, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- May 15, 2020
Largest 2020 oil production cuts to come from US: IEA
Saudi Arabia has pledged to deliver an “extraordinary” production cut in June, but it’s the U.S. that will be the biggest contributor to global supply reductions, the IEA said Thursday.- Joe Barone, Shale Directories
- Blog
- May 11, 2020
XOM, partners plan spending cuts at Sakhalin-1
ExxonMobil and partners are mulling cost cuts on their Sakhalin-1 project in Russia’s Far East due to current market conditions. Operator Exxon Neftegas Limited (ENL) reportedly said on Friday it’s adjusting its schedule and scope of certain activities.- Joe Barone, Shale Directories
- Blog
- May 8, 2020
Texas approves air permit for Texas LNG
A Texas regulatory agency has approved a required air permit for a planned liquefied natural gas (LNG) liquefaction/export facility in Brownsville in South Texas, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 28, 2020
Global natgas gas prices reflect US shale success: Rystad
The recent historic low international gas prices are a reflection of the U.S. shale success and seasonal conditions, not so much the impact of the global pandemic, Rystad Energy’s chief said Monday.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
Crude oil prices plunge on unchanged fundamentals
As WTI crude prices plummeted into a negative territory for the first time in history, downward pressure continued on Tuesday pushing both WTI and Brent future prices down.- Joe Barone, Shale Directories
- Blog
- April 22, 2020
IEA suggests Opec+ deepen, speed up supply cuts
The International Energy Agency (IEA) said on Tuesday the Opec+ should consider quicker, deeper production cuts to ease the turmoil in oil markets, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 20, 2020
Baupost Group enlarges stake in LNGL
The Baupost Group has acquired a stake in struggling Liquefied Natural Gas Ltd., the Australia-based company with a planned liquefied natural gas export facility in Louisiana, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 17, 2020
Solar panel cleaning projected to grow to $1B by 2026: GMI
Cleaning solar panels is projected to grow globally into a $1 billion (U.S.) market by 2026, according to a new study by Global Market Insights.- Joe Barone, Shale Directories
- Blog
- April 16, 2020
Over 50% of global licensing rounds likely to be cancelled: Rystad
Over half of the world’s planned upstream licensing rounds are expected to be cancelled this year, Rystad Energy said in a new analysis on Tuesday.- Joe Barone, Shale Directories
- Blog
- April 16, 2020
Global oil demand loss to peak in April: IEA
The oil industry should brace for a historic collapse in demand in 2020, as containment measures across the globe nearly halt mobility, the International Energy Agency said Wednesday.- Joe Barone, Shale Directories
- Blog
- April 14, 2020
Global EV sales to fall 43% in 2020: research
Sales of global electric vehicle (EV) are expected to drop by 43% this year, as uncertainty and fear brought by the coronavirus pandemic affects demand, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Opec+ set to face challenges in emergency meeting
Opec and non-Opec producers are set to have a difficult time negotiating the terms of a potential output cut deal on Thursday.- Joe Barone, Shale Directories
- Blog
- April 9, 2020
Asian LNG spot prices to fall below US breakeven costs
Delivered prices for Northeastern Asia LNG spot prices have dropped to below $2.40 per million British thermal units, as fundamentals continue to weaken, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Renewables make 72% of new powergen capacity in 2019
Renewable energy accounted for 72% of all power expansion in 2019, with deployment reaching 176 gigawatts (GW), the International Renewable Energy Agency said on Monday.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Suez Canal grants discounts for LNG carriers
The Suez Canal Authority has decided to grant further reduction on navigation fees through the channel for liquefied natural gas (LNG) tankers, increasing cuts from 25% to 30%.- Joe Barone, Shale Directories
- Blog
- April 7, 2020
Russia, Saudi Arabia ‘very close’ to break new deal
Russia and Saudi Arabia are “very, very close” to reaching an agreement on oil production cuts, the CEO of Russia’s sovereign wealth fund RDIF said on Monday.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Saudis, Russians may cut back supply by 10 Mmbpd: Trump
U.S. President Donald Trump said Thursday he expects Saudi Arabia and Russia will find a compromise and cut back roughly 10 million barrels of crude supply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Worldwide solar installation to drop 16% in 2020: IHS Markit
Solar installations worldwide are likely to drop by 16% in 2020 and a rapid solar recovery this year is unlikely, according to a new report by IHS Markit.- Joe Barone, Shale Directories
- Blog
- April 3, 2020
Oil prices rally over 30% on hopes of output cuts
Crude oil prices rallied on Thursday after U.S. President Donald Trump said Saudi Arabia and Russia could agree on cut production by 10 million barrels, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- April 2, 2020
Global natgas sector faces unpredictable year: WoodMac
Global natural gas sector faces an unpredictable year with potential for U.S. LNG shut-ins, historically low prices in Asia and Europe, as well as a boost in coal-to-gas shift in Asia, Wood Mackenzie said on Wednesday.- Joe Barone, Shale Directories
- Blog
- March 31, 2020
Shell exits Lake Charles LNG project in Louisiana
Shell announced on Monday it is exiting a proposed liquefied natural gas (LNG) facility in Lake Charles, Louisiana, citing current market conditions, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 24, 2020
Covid-19 highlights key role of electricity, clean energy: IEA
The coronavirus crisis is causing havoc across the globe and has highlighted how much modern societies rely on electricity, the International Energy Agency (IEA) said on Monday.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Gas prices to remain low over the next two years: Fitch 📉
Fitch Ratings has trimmed its natural gas price forecasts both for the U.S. and European benchmarks on the back of “very large” market oversupply, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Fitch cuts 2020 Brent price forecast by $21.50/Bbl 📉
Fitch Ratings revised down its short- and medium-term forecasts for crude oil prices, as the market is expected to be “massively oversupplied” in 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 23, 2020
Global gas flaring reaches 4.6 Tcf in 2019: GlobalData
Oil and gas producers have flared over 4.6 trillion cubic feet (Tcf) of natural gas globally in 2019, foregoing as much as $24 billion in revenues, Kallanish Energy learns.- Joe Barone, Shale Directories
- Blog
- March 17, 2020
Crude oil prices plummet on growing surplus
Crude oil prices plummeted on Monday as the coronavirus’ fast spread around the world is killing global oil demand, and supply continues surging, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 12, 2020
Saudi Arabia, UAE to flood oil markets in April
As the coronavirus outbreak is declared a pandemic by the World Health Organization, Saudi Arabia and the UAE announced they are increasing crude supply to the market in April by around 3 million barrels per day (Mmbpd), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 11, 2020
Wind turbine order capacity breaks new record in 2019
Original equipment manufacturers (OEMs) have experienced a record amount of wind turbine capacity order globally, with figures nearly reaching 100 gigawatts (GW), Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil prices collapse 30%, may dip into $20s
Saudi Arabia added fuel to an already burning oil market by slashing its crude oil prices to Europe, Asia and the U.S.- Joe Barone, Shale Directories
- Blog
- March 10, 2020
Oil price rout to trigger major industry shake-up: WoodMac
The oil price rout may trigger a major industry shake-up, and U.S. independent companies may be forced to act sooner than later, Kallanish Energy learns from Wood Mackenzie experts on Monday.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
ExxonMobil to earmark $33B on 2020 capital spending
Population growth, an expanding middle class and global prosperity are driving a worldwide demand for oil, natural gas and chemicals, according to ExxonMobil.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
Opec proposes 1.5 Mmbpd cut until end of 2020
Opec agreed on Thursday to recommend an additional 1.5 million barrels per day (Mmbpd) of oil production cuts until the end of 2020, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 6, 2020
PetroChina declares force majeure on gas, LNG: report
China’s largest oil and gas producer, PetroChina, has reportedly declared force majeure on import contracts of natural gas and LNG, as demand collapses.- Joe Barone, Shale Directories
- Blog
- March 4, 2020
Chevron to invest $80B in dividends, share buybacks
Chevron Corp. plans to spend around $75-80 billion on dividends and shareholder buybacks in the next five years, funded largely by growing production in the Permian Basin of West Texas and New Mexico, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
Oil prices rebound on hopes Opec, central banks will act
Crude oil prices rebounded on Monday after the massive sell-off in commodities and equities last week, on hopes central banks will support their economies and the Opec+ alliance will not disappoint, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- March 3, 2020
BofA cuts crude price forecast by $8 a barrel
Strategists at the Bank of America’s Global Commodity Research have changed their 2020 forecast for crude oil prices by $8 a barrel, due to the impact of the coronavirus outbreak on the global economy.- Joe Barone, Shale Directories
- Blog
- February 28, 2020
Crude falls for 5th day on demand concerns
Crude oil prices fell for a fifth straight trading day Thursday, to their lowest point in 13 months, as a growing number of new coronavirus cases outside China fueled fears of a pandemic, which could slow the global economy and lower crude demand.- Joe Barone, Shale Directories
- Blog
- February 28, 2020
Upstream’s biggest coronavirus fear is prices
Wood Mackenzie said Thursday the biggest commercial fear for the upstream oil and gas sector from the coronavirus epidemic is its impact on commodity prices, not project delays, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 27, 2020
Coronavirus outside China obstructs oil market recovery
The further spread of the coronavirus outside China has gotten in the way of the oil market recovery, and is forcing markets to re-assess the severity of the headwinds ahead, IHS Markit said this week.- Joe Barone, Shale Directories
- Blog
- February 26, 2020
Brent under $55, WTI under $50 after latest drops
Brent crude oil fell below $55 a barrel Tuesday, dropping for a third day, as fear of the spread of the coronavirus and its impact on oil demand outweighed Opec+ output cuts and Libyan supply losses, Kallanish Energy finds.- Joe Barone, Shale Directories
- Blog
- February 26, 2020
Coronavirus will meaningfully impact oil demand growth
Global oil production (crude oil and liquids) will increase by 0.7 million barrels per day (Mmbpd), to roughly 102.3 Mmbpd from fourth-quarter 2019 to fourth-quarter 2020, economists at the Federal Reserve Bank of Dallas, Texas, report.- Joe Barone, Shale Directories
- Blog
- February 25, 2020
Oil slides, posts worst day in more than a month
Crude oil on average slid more than 3.5% Monday, falling into bear market territory as the number of coronavirus cases outside of China jumped, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2020
LNG demand will double by 2040: Shell
Worldwide liquefied natural gas demand is expected to double by 2040 to 700 million tonnes, according to third party forecasts, Royal Dutch Shell reports in its Fourth Annual LNG Outlook, Kallanish Energy reports.- Joe Barone, Shale Directories
- Blog
- February 21, 2020