The U.S. oil and gas industry generally operates under a Catch-22 mentality: When prices are high, run flat out, because there’s no doubt when the good times end, prices drop and the music stops, there will be fewer chairs than people.
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Africa’s largest oil and natural gas consumer, Egypt, plans to become a natural gas net exporter by 2019, supported by the huge potential in its new gas discoveries and government policy measures designed to attract foreign investment.
Western Canada’s gas-rich Montney Shale is booming again. The number of wells drilled into the formation in northern Alberta and British Columbia jumped 80% in the first four months of 2017 to 277 from a year earlier, reported Grobes Media’s BOE Report.
The Williams Companies’ huge Transco pipeline system is in the right place. The 10,200-mile system along the U.S. East Coast is close to Appalachian Basin natural gas and close to Americans who need natural gas.
Liquefied natural gas (LNG) from the United States is going around the world. Cheniere Energy’s Sabine Pass LNG export terminal in Louisiana has shipped cargo to more than 20 countries from February 2016 through April 2017, says Michael Manteris, senior director of business development for Cheniere Energy.
It’s not only oil that Venezuela has in common with North Africa, Middle East and the so-called Arab world. As a severe economic crisis continue to strike the South American country, protests and violence intensify on the streets of Caracas, showing the Venezuelan spring has begun.
The Muskingum Watershed Conservancy District remains one of the biggest beneficiaries of shale drilling in Ohio The public agency has earned $200 million in lease bonuses and royalties on natural gas and liquids from its first 29 Utica Shale horizontal wells in which the district has a financial share, according to Jackie Stewart of Energy in Depth-Ohio, a pro-drilling industry group, in a recent report.