Natural Gas

Chevron re-introduces capital spending budget

Chevron re-introduces capital spending budget

Chevron is set to spend $20 billion next year on oil and gas projects in its first increase in spending in four years, the second largest US producer has announced. Earlier this year, Chevron executives set its high end 2019 capital budget at between $18 billion to $20 billion through […]

Faroe Petroleum in asset swap deal with Equinor

Faroe Petroleum in asset swap deal with Equinor

British firm Faroe Petroleum, which was subject to a hostile bid by DNO, has agreed a deal that will see it swap oil and gas assets with Norwegian state-owned company, Equinor. The non-cash deal will enhance Faroe’s output and cash flow while securing Equinor’s stakes in fields located in the […]

Qatar exits OPEC

Qatar exits OPEC

In a shock move, Qatar has withdrawn from OPEC – raising questions over the loyalty of the bloc’s remaining members. The Middle Eastern nation’s decision comes as it looks to shake of constraints of the bloc and increase its sales as analysts say member states are becoming increasingly unhappy with […]

Norway ends ban on Cairn and Kosmos investments

Norway ends ban on Cairn and Kosmos investments

Norway has reversed its decision to exclude oil and gas producers Cairn Energy and Kosmos Energy from its investment portfolio after they ceased controversial operations off West Africa. In 2016 the world’s biggest sovereign wealth fund banned Cairn and Kosmos from its energy portfolio, which it once held a 2.85pc […]

Argentina to begin first LNG exports in 2019

Argentina to begin first LNG exports in 2019

Argentina is set to begin exports of liquefied natural gas (LNG) in 2019 from its Vaca Muerta shale play. Argentinian energy firm YPF has joined Belgian energy shipping company Exmar in a ten year agreement, which will see Exmar position a floating LNG unit in the Port of Bahia Blanca […]

UK faces energy insecurity after closing coal plants

UK faces energy insecurity after closing coal plants

Britain is facing an energy crisis ahead of winter as it prepares to leave the EU without investing in its gas industry, having closed its coal power stations. Over the course of last week, major policies affecting the UK’s gas and electricity supplies have been put into doubt, including fears […]

US judge halts pipeline construction

US judge halts pipeline construction

A US judge has blocked the construction of the Keystone XL Pipeline from Canada to the US, stating the Trump administration has “discarded” facts when it approved the project in 2017. US President Donald Trump, who described the decision as a disgrace, and his administration will be able to appeal […]

UK could face energy shortages this winter

UK could face energy shortages this winter

UK is in desperate need of more gas storage sites as supply shortages could cause power cuts this winter, according to a top energy consultancy. Wood Mackenzie have described the UK’s gas supply position as “precarious” with fears that a particular cold winter could cause blackouts. In the past couple […]