US shale output surges on Qatar LNG disruption
Shale gas production in the US is projected to surge by up to 40% as American supply fills the gap caused by force majeure on Qatari LNG shipments. Analysts expect US LNG to double, exceeding 30 billion cubic feet per day (bcf/d) by 2050.
Flex LNG suffers increased loss
Flex LNG suffered a net loss of $3.9 mill for the second quarter of this year, compared to a loss of $2.9 mill in 2Q18 and loss per share of $0.07, compared to a net loss of $3.4 mill and loss per share of $0.06 for 1Q19.
GasLog Ltd takes a hit
GasLog Ltd has reported a loss of $10.5 mill on revenues of $154.3 mill for the second quarter of this year.
U.S. shale industry may "finally turn a profit"
Financing models of the U.S. shale oil & gas industry has for long been characterised by negative free cash flow as expectations of rising production and cost improvements led to continuous overspending in the sector. Over the last few month, however, IEA analysts have notice a “notable improvement in financial condition,” though the overall health of the industry remains fragile.
