Natural Gas

Oil and gas projects to accelerate in 2019

Oil and gas projects to accelerate in 2019

A new report has found that the number of new oil and gas projects is expected to rise to five times that of a depression in 2015, although spending is not expected to be enough to meet future demand. Although company boards are expected to stay in line with spending […]

European Parliament votes to block Nord Stream 2

European Parliament votes to block Nord Stream 2

Shares in Russia’s gas producer Gazprom plummeted last week after the European Parliament voted to condemn the Nord Stream 2 pipeline that is planned to deliver gas from Russia to Germany. The company’s shares opening down 1.6pc in Moscow following the motion that described the pipeline as “a political project […]

Trump’s pro-fossil fuel stance gains momentum

Trump’s pro-fossil fuel stance gains momentum

The US this week held a side-event at the COP24 conference and declared that fossil fuels are here to stay and will help to end energy poverty in the developing world. The event held at COP24 on Monday gave the US administration a platform to promote President Donald Trump’s pro-fossil […]

No-deal Brexit “hugely damaging” for North Sea

No-deal Brexit “hugely damaging” for North Sea

Scotland’s energy minister Paul Wheelhouse has said a no-deal Brexit would be “hugely damaging” to the North Sea’s oil and gas industry. Speaking during a visit to Aberdeen, he added that forcing the UK to have to negotiate agreements with EU members through the World Trade Organisation (WTO) would be […]

Cuadrilla pause fracking after 1.5 magnitude quake

Cuadrilla pause fracking after 1.5 magnitude quake

Blackpool has reported tremors from an earthquake from fracking operations that began two months ago. Not only was the minor earthquake the biggest yet from the site but was also on par with that of 2011, which resulted in an embargo on fracking. The 1.5 magnitude quake occurred shortly shale […]

Australia take largest LNG exporter title

Australia take largest LNG exporter title

Australia has taken the crown of largest LNG exporter from Qatar, exceeding the Middle Eastern nation’s output for the first time in November, according to Refinitiv Eikon data. The establishment of a number of start-up export projects in Australia has resulted in the surge of exports, the most recent being […]

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 […]