Energies Media Staff

April 11, 2019

BOSTON – Americans have been getting hit hard at the pump with average gasoline prices in the U.S. up 50 cents...

News

Dietsmann Group Launches Start-ups for ‘Maintenance of Tomorrow’

April 11, 2019

Dietsmann, a privately-owned Dutch multi-local company and a global front runner in Advanced Predictive Maintenance for the energy industry, is...

Louisiana

National Safety Council Presents Dupré Logistics with Occupational Safety Award

April 10, 2019

LAFAYETTE – The South Louisiana Chapter of the National Safety Council presented Dupré Logistics the Occupational Safety Award of Merit...

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!

News

U.S. Natural Gas Supply Future Projections and Sources

Geologists have dictated that natural gas and crude oil go hand-in-hand. If operators were to dig up a hole for...

Quiz

[Quiz] AI System Spending by Sector

Global spending on artificial intelligence is rising and shows no sign of slowing down. Organizations are expected to invest $35.8...

Midstream

The Trends in Pipeline Optimization

Technavio provided a report with supporting market research in January last year in order to shed light on the global...

Business

The Role of Technology in Sustainable Long-Term Cost Reduction Initiatives

Among the most important challenges being faced by the oil and gas industry nowadays is the growing complexity of their...

Environment

The Environmental Issues of Hydraulic Fracturing – Facts vs. Fiction

Drilling opponents, news organizations, gas companies, and members of Congress alike have been spreading some controversial rumors about natural gas....

News

Managing Noise from the Hydraulic Fracking Process

While shale gas drilling or hydraulic fracking has transformed the energy market in the U.S., it brings about its own...

Oil & Gas Exploration Continues to Drive the Economy

Business

Battling the Problem of Aging Infrastructure and Regulatory Compliance