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Oil and Gas Fundamentals Diverge: Geopolitical Uncertainty Supports Crude Prices, Excess Inventory Overhangs the Gas Market

May 3, 2024 - in Energy, Oil & Gas

Summary The convergence of geopolitical tensions and wars, prolonged OPEC+ production cuts and stronger than expected YTD global consumption has supported the price of crude oil thus far in 2024. Here are some key forecast highlights: -- We are increasing…

The Gas Exporting Countries Forum (GECF) officially launched the new Edition of its annual flagship publication, the Global Gas Outlook (GGO)

March 15, 2024 - in Energy, Oil & Gas

The Gas Exporting Countries Forum (GECF) officially launched the new Edition of its annual flagship publication, the Global Gas Outlook (GGO), on 12 March…

Texas oil production to break all-time records in 2024 to exceed 5.6 million barrels per day

February 27, 2024 - in Energy, Oil & Gas

According to data from the US Energy Information Administration, December saw the all-time production record in the USA surpassed with more than 13.3…

Creating a solid foundation for economic development

January 16, 2024 - in Energy, News, Oil & Gas

The Dangote Group planned a world-class new refinery in Nigeria that would reduce the country’s reliance on imported energy and bring with it over 30,000 jobs. It was a project requiring some truly massive moves – among the continent’s largest,…

Crowley Moves to Launch First-Ever LNG Bunkering at Panama Canal’s Pacific Side

October 25, 2023 - in Energy, News, Oil & Gas

(JACKSONVILLE, Fla.; Oct. 24, 2023) ­– Global shipping and sustainable energy logistics leader Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit…

Peak 10 Energy Announces Platform Launch and Initial Acquisition Closing

August 31, 2023 - in Energy, News, Oil & Gas

HOUSTON, August 30, 2023 – Peak 10 Energy (“Peak 10”) today announced its launch as an oil and gas investment platform focused on acquiring long-life oil and gas assets throughout the continental United States. Peak 10’s asset base consists of non-operated…

Geopolitics and energy transition are the most pressing themes for oil and gas industry in 2023, says GlobalData

April 28, 2023 - in Energy, Oil & Gas

Geopolitics has become a pivotal macroeconomic theme for the oil and gas industry ever since the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless,…

GECF unveils 4th Annual Gas Market Report

April 6, 2023 - in Energy, Oil & Gas

Doha, QATAR: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (AGMR). The Report provides an in-depth analysis of natural gas markets, covering recent developments and providing…

Global Gas Flaring Falls to Lowest Level Since 2010

March 29, 2023 - in Energy, Oil & Gas

Reduction in 2022 is equivalent to taking three million cars off the road. WASHINGTON, March 29, 2023 — Progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since…

Oil and gas industry overall contract value increased in 2022, reveals GlobalData

March 2, 2023 - in Energy, Oil & Gas

The roller coaster ride during the COVID-19 pandemic appears to be coming to an end, with contract activity returning to normal for the global oil and gas industry, despite the ongoing Russia-Ukraine conflict and volatility in crude oil prices. As a result,…