natural gas

An oversupply of LNG carriers is putting downward pressure on charter rates, pushing them to historic lows. Newbuild LNG carrier deliveries have been outpacing the construction and permitting of new liquefaction facilities needed to support them.

The move by the US Congress and the White House is part of a broader effort to overturn the Inflation Reduction Act passed in 2022.

Industry leaders say they believe oil and gas will continue to play a pivotal role in the energy mix in the lengthening energy transition timeline.

This paper outlines a technique to evaluate formation temperature shifts when closely spaced wells are produced concurrently and applies the technique to validate the design basis for new development.

A recent report from Wood Mackenzie highlights the role of natural gas in supporting renewables and reducing emissions.

Fresh permit will allow the project to move forward towards FID this fall, first production expected in early 2029.

Operators remain cautiously optimistic in 2025, despite regulatory uncertainties.

Canadian operator expands its Deep Basin gas footprint in Alberta, adding 700 new drilling locations.

The deal follows an asset swap on the same acreage earlier in the year and increases Equinor’s natural gas holdings in the region.

Straddling Europe and Asia, the Black Sea is emerging as a frontier for deepwater gas exploration and production as Romania and Turkey drive projects complicated by subsea hazards found nowhere else on earth.