The reinvestment rate of US shale oil producers hit its highest level in three years in the second quarter of 2023, but the recent trajectory will not last, according to Rystad Energy research.
Industry
New Report Accelerates Australia’s Hydrogen Powered Transport Future
A new report by CSIRO, Australia’s national science agency, and GHD Advisory calls for Australia to focus on hydrogen-powered transport – alongside electric vehicles – or risk being left behind our international counterparts.
North America to Dominate Global LNG Additions Through 2027, says GlobalData
North America will continue to dominate global LNG growth, contributing about 60% of total capacity additions between 2023 and 2027, according to data and analytics company GlobalData.
GlobalData’s latest report, ‘LNG Liquefaction Terminals Capacity and Capital Expenditure (CapEx) Forecast by Region, Key Countries, Companies and Projects (New Build, Expansion, Planned and Announced), 2023-2027’, reveals that North America is expected to witness the highest capacity additions...
TTF rises 30% on LNG Strike Risks in Australia
The TTF gas price has risen 30% on Australian LNG strike risks.
Victorian Home Gas Ban “Ignores Importance of Gas in Net Zero Energy Mix” – APPEA
The Victorian Government’s gas ban for new homes ignores the fundamentals of the energy system transformation to net zero including the importance of gas as a partner to renewables in reliable electricity generation.
Conventional Oil and Gas Exploration Grows, but Discoveries Remain Elusive says Rystad Energy
Spending on conventional oil and gas exploration is rebounding and expected to top $50 billion this year, the highest since 2019, but operators are still waiting for the results they had hoped for.
APPEA: ‘Victorian Home Gas Ban Ignores Importance of Gas in Net Zero Energy Mix’
The Victorian Government’s gas ban for new homes ignores the fundamentals of the energy system transformation to net zero including the importance of gas as a partner to renewables in reliable electricity generation.
The Australian Petroleum Production & Exploration Association (APPEA) today said the Government’s policy shifts the burden on to consumers, pushing households on to an already strained coal-based electricity grid and ignoring the urgent need for new local gas supply to...
Shale Oil Market Likely to be Valued at US$ 6.68 Billion by 2032
The shale oil market is likely to be valued at US$ 6.68 Bn by 2032, according to a new report on the Shale Oil Market released by Future Market Insights.
China’s Shanxi Province Achieves Record Unconventional Gas Production
China’s state-owned news agency, Xinhua, says the production of gas in north China’s Shanxi Province increased 5.7% to 6.82 billion cubic metres in the first half of 2023, setting a new record for the major coal region.
US LNG looks to be Headed to Asia, not Europe, as TTF prices fall, says Rystad Energy’s Gas and LNG Market Update
LNG cargoes from the US are poised to shift to Asian ports as prices fall in Europe.