Energies Media Staff

Exploration & Production

TIPRO Partners With New Texas Methane & Flaring Coalition (TMFC)

March 31, 2020

Austin, Texas – The Texas Independent Producers & Royalty Owners Association (TIPRO) is a proud partner of the Texas Methane &...

Exploration & Production

Global Gas Flaring Value Approaches US$24bn a Year if Priced at European Prices

by Energies Media Staff

March 30, 2020

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Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over...

Overnight Surges in Trading According to experts, the average daily volume during trading overnight (4pm up till 8 am) for natural gas was seen increasing by 120% from January 2017 to 2018. These signified all-time-highs in a single day with about 1.02 million contracts that were exchanged. The de-linking of crude oil and LNG prices is expected to bring forward a rapid evolution in the US and global natural gas market. Currently, the LNG market on global scale stands at a net worth of about $90 billion per annum. One contributing factor toward the efforts to increase LNG demand is how countries are reducing their dependence on coal and are moving towards sources with lower carbon – like China. The global trade of LNG had reached about 38.2 billion Bcf daily in 2018. This was up about 10% from the 2017 standings and probably the largest increase in volume since 2010. In 2019, the EIA has forecasted as much as 90.2 billion Bcf daily. This will continue to rise as the natural gas industry moves towards 2020 and forecasts are for 92.1 Bcf daily. LNG as the Future of Energy in the US The EIA has also stated that it expects total electricity generation from natural gas power plants. Their forecasts illustrate a steady rise till 2020 where the statistics stood at 35% in 2018. In 2019, this is expected to rise to 36% and 37% in 2020. In comparison, the share of energy generated from coal will stand at just 26% in 2019 and a lesser 24% in 2020. The share of nuclear power generation will stand near the current level of 26% in both 2019 and 2020. The share of hydropower is forecasted to be somewhat less than its current 7% figures in both 2019 and 2020. Lastly, non-hydropower renewable energy sources like solar and wind are expect to grow from the current 10% to about 11% in 2019 and will stand at 13% in 2020. That being said, shale drilling for natural gas has already brought the US to the 2nd in producers trailing only by a small amount behind Russia. America is also expected to account for as much as 40% of the extra natural gas production in the world by 2022!

Polls

Can Europe absorb the Liquefied Natural Gas stocks that Asia failed to pick up in Q1 of 2020?

by Energies Media Staff

March 29, 2020

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Polls

Do you think Saudi Arabia’s plan to flood the market with crude will arm-twist Russia to lower its prices?

by Energies Media Staff

March 29, 2020

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Polls

Do you think the COVID-19 pandemic may slow production and reduce oil demand in coming months?

by Energies Media Staff

March 29, 2020

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Exploration & Production

Permian Production Already a Victim of Oil Price War

by Energies Media Staff

March 27, 2020

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Following the announcement that several key operators in the Permian Basin are significantly reducing capex or production in their positions...

Environment

Anue Water Hires Bob Negley, Sales Manager

by Energies Media Staff

March 23, 2020

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Tucker, GA - Anue Water Technologies, the leading supplier of cost-effective Oxygen, Ozone and other sustainable and high-performance technologies to...

Exploration & Production

Russian Oil and Gas Operators Emerge on Top Despite the Plummeting Oil Prices

by Energies Media Staff

March 21, 2020

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Following the news that global oil prices plummeted to an 18-year low on March 18 as a result of the...

News

Scoop-Stack Shale Play Drilling Activity Driven by Select Counties in Oklahoma

by Energies Media Staff

March 21, 2020

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The Scoop and Stack shale plays of Oklahoma may not be as prolific as the Permian Basin or the Bakken...

Environment

Reduction in Gas Flaring Benefits Producers and the Environment

by Energies Media Staff

March 21, 2020

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More than 4.6 trillion cubic feet of natural gas were flared globally in 2019. The potential value of this flared...

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