BUENOS AIRES, March 14 (Reuters) – Argentina has allowed state oil firm YPF to join a stimulus program unlocking government funds for a pipeline project from the massive Vaca Muerta shale formation to a…
https://gcaptain.com/argentina-government-oks-stimulus-for-ypf-pipeline-project/
Following a tie with Qatar in 2022, the US now leads the world in liquefied natural gas exports, ahead of Australia, as reported by Shipping Watch.
A turning pointLast year, the United States tied Qatar as the leading exporter of liquefied natural gas, marking a turning point in the country’s rapid climb to prominence as a significant source of fuel.
According to Bloomberg’s analysis of ship-tracking data, both nations shipped 81.2 million tonnes in 2022. While that...
https://mfame.guru/us-tops-the-lng-exporting-rankings-on-brisk-growth/
by John Konrad (gCaptain) China’s National Offshore Oil Corp (CNOOC) says it successfully tapped into an offshore shale oil exploration well. This is the first time this has been done…
In just the past few...
https://mfame.guru/u-s-shale-gas-market-in-2021-the-highs-and-lows/
Gazprom considers replacing its shale gas production with LNG, commenting that the shale gas production of North America will not have any serious impact on the global gas market configuration, whereas LNG projects show an increased number of final investments decisions.
Specifically, the Gazprom Board of Directors considered the potential development of the shale gas in comparison to the LNG across the world.
Thus, the company noted that the share of the United States in the global shale gas...
https://safety4sea.com/gazprom-considers-lng-projects-instead-of-shale-gas-production/
In this video, IEA explains how the oil markets are changing. With developing economies now contesting for more demand, they will account for all of the growth in oil consumption by 2040 and over 80% in gas use.
As shale production in the US is rising fast, it changes the world’s oil and gas supply.
What is more, global oil production is continuing its increase fueled by the transport sectors and petrochemicals. This means that without new projects, there is the risk that supplies will not be...
https://safety4sea.com/watch-how-the-oil-market-is-changing/
OPEC expects a steady rise in US oil output, as it will gain momentum in the next five years. OPEC also expects the demand for its crude to reduce, in spite of an increasing appetite for energy driven by global economic expansion.
The reduction in demand for OPEC crude is due to a strong non-OPEC supply in the 2017–2023 period, OPEC notes. The US is still the most important source of medium-term supply growth, contributing to two-thirds of new supply.
In addition, according to Reuters, the US has...
https://safety4sea.com/opec-us-oil-output-to-increase-but-demand-for-opec-crude-will-reduce/