In this issue

 

Neal Shear, interim chief executive at Cheniere Energy, has been given the green light to continue in his post until June 15, 2016. He succeeded the famed Charif Souki, who…
US gas prices are likely to stay low for longer, as the Energy Information Administration (EIA) expects gas production to rise by 1.5 Bcf/d in 2016 despite declining rig counts…
Tuesday, 16 February 2016
Natural gas production across all major US shale regions are seen declining. Substantial drop in rig counts since mid-2014 can no longer be compensated by productivity gains, hence EIA analysts…
The U.S. has been using the anti-Russian sentiment in the Baltic countries to foster LNG deals with Lithuania. Next in line might be Turkey, as the country is at the…
EU leaders reckon that Nord Stream-2 contradicts efforts to reduce Europe's energy dependency and undermines Poland and Ukraine’s role as gas transit countries. The pipeline extension is meant to transport…
Shale gas from the US has been brand marked as ‘a new rival’ by the Gas Exporting Countries Forum (GECF) as it undermines the alliance’s strategy on pricing and production…
Shale gas from the US has been brand marked as ‘a new rival’ by the Gas Exporting Countries Forum (GECF) as it undermines the alliance’s strategy on pricing and production…
Pieridae Energy, the developer of the Goldboro LNG project in the Canadian province of Nova Scotia, has forged a shareholder relationship with Orlan of Poland, strengthening its European ties beyond…
Houston-based Targa Resources Partners and Sanchez Energy have committed to invest an intital $125 million and $115m, respectively, to build a LNG processing plant and feed-gas pipelines that will exclusively…
Two companies involved in $100 billion of takeover transactions, BG Group of the UK and Energy Transfer Equity (ETE) of the US, have received full regulatory approval to proceed with…
Clean Energy Fuels Corp., the US developer of a liquefied natural gas fueling station network welcomed the passage by Congress of an alternative fuel tax credit that will continue to…
Committing to a 36% cut in emissions per GDP ratio by 2030, Singapore is counting on clean energy. Natural gas accounts for over 95% of the city state’s power mix,…
Tuesday, 16 February 2016
Higher prices of LNG compared to coal and nuclear is prompting two of the biggest importers in Asia to move away from gas generation.
Tuesday, 01 December 2015
A supply gap is likely to open up by the end of the decade and to prevent this, the industry should reduce costs of liquefaction, e.g. through small FLNG units,…

News Nudges

US rig count jump

Baker Hughes said in its latest rig count that there were 13 more US rigs in the week ending July 25, compared with the previous week and amounted to 753 rigs. “Oil rigs are up 10 to 594, gas rigs are up three to 157 and miscellaneous rigs are up two,” said the company. The US Rig Count is up 283 rigs from last year's count of 470 with oil rigs up 222, gas rigs up 59 and miscellaneous rigs up by two. The US offshore rig count is flat one to 16 and up two year-on-year.


US LNG for UK

The 164,000 cubic metres capacity carrier, the “Maran Gas Posidonia”, is scheduled to discharge a US LNG cargo on June 26 at the UK South Hook importer terminal at Milford Haven, according to shipping data. The cargo was lifted on June 9 from Sempra’s Cameron LNG plant in Louisiana. The shipment was headed for the UK as the National Balancing Point market price for natural gas was at the equivalent of $25.30 per million British thermal units, about $13.00 per MMBtu less than the European Union benchmark Dutch Title Transfer Facility (TTF) price.


Saipem Brazil award

Saipem of Italy said it was awarded a limited notice to proceed (LNTP) by BW Offshore for the early-stage engineering services for the supply of a Floating Production Storage and Offloading (FPSO) unit. The FPSO will then be provided to Shell and its partners for the development of the Gato do Mato natural gas and oil field located about 200 kilometres offshore Brazil in the prolific Santos Basin in water depths of around 2,000 metres. “The LNTP is a key step ahead for this initiative and the Saipem project team is already fully mobilized. Upon completion of the LNTP, Shell and its partners target to award a lease and operate contract which will include the award of the engineering, procurement, construction, and installation (EPCI) of the FPSO to a consortium comprising Saipem and BW and with expected delivery in 2026,” said Saipem.