Natural gas investments to climb, despite present demand weakness
Investment in natural gas projects across the Middle East and North Africa will rise, even as the coronavirus pandemic damps demand for the fuel, according to Arab Petroleum Investments Corp.
OPEC projects market share gains after coronavirus batters oil-producing rivals
OPEC expects to emerge from the pandemic with a greater share of global oil sales, after 2020’s price downturn battered rivals in the U.S. and elsewhere.
Shale producers Devon Energy and WPX merge in all-stock deal
Devon Energy Corp. agreed to acquire WPX Energy Inc. in a $2.56 billion all-stock deal, creating one of the largest independent U.S. shale producers and answering investor calls for consolidation at a time of crisis for the sector.
Oil drops more than 10 percent as producer cuts fail to banish demand fears
Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.
A Tale of Two Oil Giants With Two Strategies That Aren’t Working
Everyone from environmentalists to investors is beating up on fossil fuels, and American energy giants Exxon Mobil Corp. and Chevron Corp. are taking increasingly diverging approaches as they try to weather the storm.
OPEC sees growing supply threat from rivals beyond U.S. shale
LONDON (Bloomberg) - OPEC’s latest forecasts suggested a weaker outlook for global oil markets this year as surging supplies from competitors from Norway to Guyana threaten the group’s efforts to defend crude prices.
Natural gas boom on collison course with climate goals
A global boom in natural gas pipelines and terminals is putting the energy industry on a "collision course" with the Paris climate goals, according to a new analysis of investment in the worlds new favourite fuel.
New study first to predict which oil and gas wells are leaking methane
Each year brings new research showing that oil and natural gas wells leak significant amounts of the potent greenhouse gas methane.
Siemens deploys first lithium-ion battery at offshore drilling rig
Global technology powerhouse Siemens has announced plans to install the world’s first lithium-ion battery solution for an offshore drilling rig.
The physics of extracting gas from shale formations
Extracting gas from new sources is vital in order to supplement dwindling conventional supplies. Shale reservoirs host gas trapped in the pores of mudstone, which consists of a mixture of silt mineral particles ranging from 4 to 60 microns in size, and clay elements smaller than 4 microns.