Tag: Increase
Global oil/gas exploration likely to return to profitability in 2017 – Wood Mackenzie
High-cost frontiers like ice-impacted offshore Arctic, extreme high pressure/high temperature plays, will be shunned – Wood Mackenzie A new study by Wood Mackenzie on what to expect from global oil and gas exploration in the year ahead Global Exploration: What to look for in 2017 shows that exploration should return to profitability in 2017 after five […]
TransCanada to proceed with $655 million Saddle West natural gas project
Saddle West project will increase NGTL System capacity for gas producers CALGARY, ALBERTA – TransCanada Corporation announced that its wholly-owned subsidiary, NOVA Gas Transmission Ltd., will move forward with an expansion of its NGTL System, the Saddle West Project, which will increase total natural gas transportation capacity on the northwest portion of the system by approximately 355 […]
Libya’s oil production shows signs of continued gains – Wood Mackenzie
Libya’s National Oil Corporation’s target of 900,000 b/d by end of year depend on ending blockade of western pipeline Wood Mackenzie’s latest study on Libya’s oil production shows the country’s output has doubled from 300,000 barrels a day in early Sept. to close to 600,000 barrels a day today, adding to the global oil supply glut. […]
OPEC plays the chicken game while oil prices fall: Kemp – Reuters News
No country wants to make OPEC concessions on output until a collective agreement on production allocations By John Kemp LONDON, Nov 11 (Reuters) – OPEC members are making the task of oil market rebalancing harder by maximising their production ahead of a ministerial conference at the end of Nov.. OPEC output is actually increasing, putting […]
Permian Basin leads as US natural gas production up 1.4% in August – IHS Markit
South Texas production continues to struggle as drilling activity rotates out of Eagle Ford formation and into Permian Basin HOUSTON – US natural gas production levels in the lower 48 states increased by about 1.4 percent in Aug. 2016 compared to July levels, according to analysis from IHS Markit. This marks the second month in a […]
ExxonMobil forecasts 25% higher global energy demand by 2040
Carbon intensity of global economy expected to drop by half because of renewables, switch from coal to natural gas – ExxonMobil Global energy demand will increase 25 per cent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said today in the 2016 edition of The Outlook for Energy. At the same […]
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