Shale gas means billions in chemical industry investment

      The availability of, and inexpensive price for, U.S. shale gas since 2010, has resulted in 333 chemical industry projects cumulatively valued at $202.4 billion being announced, with 53% of the investment completed/under construction, and 41% in the planning phase. Fully 68% of the total is direct foreign investment or includes a foreign … Read more

Qatar Petroleum ‘in talks’ for 3 new LNG train FIDs

BARCELONA, Spain — Qatar Petroleum CEO Saad Al-Kaabi said his company is planning to make the final investment decision (FID) on three new liquefied natural gas (LNG) trains by the end of 2019. The executive told reporters on the sidelines of the Gastech conference here the firm is in talks with oil majors for potential partnerships for the … Read more

Gas production to rise nearly 1 Bcf/d in 7 major basins/plays: DPR

Natural gas production from the U.S.’s seven most prolific unconventional regions is projected to increase nearly 1 billion cubic feet per day (Bcf/d) from September to October, a new survey reveals. The U.S. Energy Information Administration’s monthly Drilling Productivity Report sees gas production climbing 961 million cubic feet per day (Mmcf/d) from this month to … Read more

Rosneft abandons planned Pechora LNG project

Russian oil giant Rosneft will abandon its planned Pechora LNG project in the country’s northwest district of Nenets, a spokesperson told Kallanish Energy on Thursday. You have reached your allocation of free articles this week. Don’t despair you can keep reading the news. Subscribe or start your free trial to read the rest of this premium content. … Read more

More than $90 billion spent on Permian Basin deals

      The Permian Basin is the No. 1 drilling hot spot in North America. More than $90 billion in deals have been made in the Permian Basin in West Texas and southeast New Mexico from January 2013 through July 2018, according to a new report. The report was prepared by staffers of Ralph … Read more


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