Perspectives
AGA Chair Diane Leopold Brings Positive Outlook to Challenging Period for Industry
Diane Leopold became chair of the American Gas Association just in time for an unprecedented economic shutdown in response to the coronavirus pandemic. The executive vice president and co-chief operating officer of Dominion Energy, talked to P&GJ about the challenges and opportunities facing the natural gas industry.
Coronavirus Crisis 'Game Changer' for Oil Sector: Goldman Sachs
Analysts from Goldman Sacha say the oil sector will emerge from the coronavirus pandemic leaner and stronger but the crisis still poses a risk for shortages down the line.
Cheniere Says Too Early to Gauge Impact of Coronavirus on LNG Market
Cheniere Energy Inc, the biggest U.S. liquefied natural gas company, said on Tuesday it does not expect “significant or prolonged curtailment of U.S. LNG production” as low global gas prices cause some customers to cancel cargoes.
China's January Gas Consumption Falls for First Time in 2 Years
China's natural gas consumption in January saw its first year-on-year contraction in at least two years, data compiled by Chongqing Petroleum and Gas Exchange, a government-backed energy trading platform, showed on Monday.
Germany Needs More Gas Power Plants: Utility, Lobby
Germany must support the construction of gas-powered generation to avoid an electricity supply crunch as it pulls out of nuclear and coal and electric vehicles increase demand, utility Uniper and gas lobby Zukunft Erdgas said on Tuesday.
Analysts Cut China's Gas Demand Estimates as Virus Outbreak Weighs
Several analysts cut their gas demand forecasts for China, the world's top gas importer, as the fast-spreading coronavirus outbreak is expected to depress industrial, commercial and transportation appetite over the next few months.
U.S. Shale Gas Investors Brace for Write-Downs Amid Price Plunge
U.S. shale gas producers are ripe for further spending cuts and write-downs, investors and analysts said, with prices at four-year lows and China's rejection of some gas imports weighing on earnings.
LNG, the 'Champagne' of Fuels, Should Enjoy Its Beer Moment
It's been an extremely weak start to the new decade for LNG with spot prices in Asia falling to more than 10-year lows, but it's not all doom and gloom for an industry that sees itself as part of the solution to climate change.
Midstream Energy REITs: A New Structure
A recent IRS private ruling allows a real estate investment trust or “REIT” to own and operate traditional midstream infrastructure assets, including storage assets and pipelines, and derive REIT qualifying income from traditional commercial arrangements with customers. If structured correctly, the REIT’s income from these assets and arrangements is treated as “rents from real property,” an important aspect of qualifying for REIT status under the Internal Revenue Code (IRS).
2020 North American Outlook: Industry Adopting ‘Wait And See’ Philosophy
If North America was one giant oil and natural gas basin with one spigot, the flow handle would probably be set at only half-open in 2020, a year when global events will determine if, and which direction, the handle moves.
China's Oil, Gas Imports Strong in 2019 Despite Trade Dispute
China's imports of major commodities ended last year with a bang, with strong gains showing the appetite of the world's largest importer of natural resources remains robust despite the trade dispute with the United States.
U.S. Greenhouse Gas Emissions Dip on Power Switch to Gas
U.S. emissions linked to climate change fell last year on a record drop in coal-fired power generation, but further declines are unlikely without rapid policy changes, according to an estimate released on Tuesday.
Deadly U.S. Attack on Iranian General Rattles Energy Market
Crude prices on Friday had the largest one-day spike since a September attack on the world's largest oil processing facility in Saudi Arabia after the U.S. killed Iran's top general in a drone strike.
Germany Hails Russia-Ukraine Deal for Gas Transit to Europe
The German government has welcomed a deal between Russia and Ukraine to ensure the continued transit of Russian natural gas to Europe.
US Crude Output Hits Record in Oct - EIA
U.S. crude oil production in October hit a record 12.66 million barrels per day (bpd), up from a revised 12.48 million bpd in September, the U.S. government said in a monthly report on Tuesday.
Fed Survey: Permian Flaring Hits Record; Service Firms Bearish on 2020
The Federal Reserve Bank of Dallas said in its quarterly energy survey that natural gas flaring and venting reached a record high. It also said about half of oil field service firms plan to cut spending in 2020.
World Petroleum Congress Returning to US in 2020
Next year, the World Petroleum Congress (WPC) will return to the United States for the first time since 1987. P&GJ talked to organizing committee Chairman Jeff Shellebarger about the event.
North American Trade Deal Limits Changes to Mexico’s Energy Policies
Under the United States-Mexico-Canada Agreement (USMCA), Mexican President Andrés Manuel López Obrador would not be able to roll back the 2013 reforms to the country’s energy law permitting foreign investment in the industry, according to a report from the Center for the United States and Mexico at Rice University’s Baker Institute for Public Policy.
U.S. Gas Volatility Diminishes on Higher Output and Exports
Traditionally severe seasonal swings in inventories and prices are being softened by surging domestic production and the increasing international integration of the U.S. gas market through LNG exports.
NPC Study Offers Ways to Improve Pipeline Regulatory Process
The National Petroleum Council (NPC) released a report focusing on pipeline permitting solutions, which suggests the regulatory process for infrastructure needs to be simplified in order to eliminate redundancies.
APGA Chairman Intends to Re-Engage Membership
In an interview with Pipeline & Gas Journal, APGA Chairman Samual Davis Jr. discusses the challenges and goals faced by the organization in during the coming year. He also talks about strategies for effectively explaining the benefits of natural gas to the public and shares his thoughts on electrification.
Oil Patch Woes: Amid Downturn, Alberta Rages at Canada's Trudeau
A shortage of pipelines, shut-in wells, slumping prices, oilfield layoffs, and strained local food banks. The root causes of Alberta's problems are uniquely Canadian, and their blame of Liberal Prime Minister Justin Trudeau is fueling a Western separatist movement dubbed #Wexit.
Bloomberg Claims Credit for Killing Coal, Now Targets Gas Plants
Democratic presidential contender Michael Bloomberg broadly, repeatedly — and wrongly — took a huge amount of credit for driving the U.S. coal industry to its knees. Now he wants to target gas plants.
Williams' Clean Break with Conventional Messaging
Williams CEO Alan Armstrong's message that environmentalists should support natural gas pipelines is one the industry should invoke more often and with far greater emphasis.
Asian LNG Buyers Target Record Low Prices in Contract Talks
Asian LNG buyers are starting talks with producers to renew long-term contracts due to expire over the next few years, aiming to secure all-time low prices in deals likely to set new industry benchmarks.
New Gas Pipelines Adding Capacity from U.S. South Central, Northeast
The United States is expected to add between 16 billion cubic feet per day (Bcf/d) and 17 Bcf/d of natural gas pipeline capacity in 2019, most of which was built to provide additional takeaway capacity out of supply basins.
Pioneer Natural CEO Calls Out Permian Basin Gas Flaring
The chief executive of Pioneer Natural Resources, Scott Sheffield, called on Permian Basin producers to limit natural gas flaring and to monitor for methane leaks.
Trans Mountain Concerns, Oil Industry Alienated After Trudeau Victory
The fate of Canada's Trans Mountain Pipeline, as well as that of the country's energy industry as a whole, was called into question on Tuesday after Liberal Prime Minister Justin Trudeau won the general election, but failed to form a majority government.
Price Spikes in New England Limited by Natural Gas
It seems like each winter we see consumers in New England suffering not just from freezing temperatures but also the highest energy prices in the country – largely because there’s not enough natural gas infrastructure to serve the region during periods of peak winter demand. This past winter, the news was a little bit better.
Northeast Energy Outlook, 2020: It Takes More than Good Vision
The topography in America’s northeast region can be tricky. It is craggy, unpredictable and a bit cranky, as befits the cradle of the United States democratic experiment.
- Keystone Oil Pipeline Resumes Operations After Temporary Shutdown
- Freeport LNG Plant Runs Near Zero Consumption for Fifth Day
- Biden Administration Buys Oil for Emergency Reserve Above Target Price
- Mexico Seizes Air Liquide's Hydrogen Plant at Pemex Refinery
- Enbridge to Invest $500 Million in Pipeline Assets, Including Expansion of 850-Mile Gray Oak Pipeline
- Enbridge Receives Approval to Begin Service on Louisiana Venice Gas Pipeline Project
- U.S. to Acquire 3 Million Barrels of Oil for Emergency Reserve in September
- AG&P LNG Acquires 49% Stake in Vietnam's Cai Mep LNG Terminal
- BP's Carbon Emissions Increase in 2023, Ending Decline Since 2019
- Texas Sues EPA Over Methane Emission Rules for Oil and Gas Sector
