Natural Gas Demand Sparks the Largest U.S. Pipeline Build-Out Since 2008
SummaryStrong underlying demand for natural gas is accelerating pipeline construction in the United States with the greatest capacity addition since the peak of the last shale gas boom in 2008. There are 12 projects for new and expanded natural gas pipelines set to be completed in 2026 in Texas, Louisiana, and Oklahoma. The added combined capacity of these projects will be approximately 18 billion cubic feet per day (Bcf/d), which exceeds Canada's total daily natural gas consumption.Key highligh...
Contractors emerge as strategic catalysts advancing low-carbon transition in oil and gas, says GlobalData
Contractors, that traditionally focused on oil and gas project installations and allied works, have become central to the industry’s decarbonization push, with their engineering decisions and technology portfolios now determining the speed and feasibility of low-carbon developments. By advancing carbon capture, utilization and storage (CCUS), low-carbon hydrogen, bioenergy, and efficiency-focused design, they are reshaping project economics and guiding operators’ transition pathways across the e...
Tariff-related disruptions to outweigh other oil and gas themes, says GlobalData
US tariffs and energy security are expected to remain the focal points for oil and gas trade in 2025. Tariff-induced trade tensions might exert downward pressure on the US and global economy in the near term, potentially affecting the energy demand. It is therefore important for the industry to assess the impact of macroeconomic themes of tariffs, along with geopolitics, and supply chain while charting out its growth plans, says GlobalData, a leading data and analytics company. GlobalData’s t...
USGS releases assessment of undiscovered oil and gas resources in Wyoming, southern Montana
47 million barrels of oil estimated to remain in upper Paleozoic Reservoirs of the Wind River, Bighorn and Powder River regions Reston, Va. — The U.S. Geological Survey (USGS) released its assessment of potential for undiscovered oil and gas in formations under Wyoming and parts of southern Montana as well as parts of western South Dakota and Nebraska, assessing that there are technically recoverable resources of 47 million barrels of oil and 876 billion cubic feet of gas. Since explo...
Energy Vision/Argonne National Lab Assessment Shows Rapid Growth in Renewable Natural Gas, Which Could Significantly Cut Methane Emissions
[New York, NY] The sustainable energy NGO Energy Vision (EV today released its annual assessment of the US renewable natural gas (RNG) industry, conducted in collaboration with the US Department of Energy’s Argonne National Laboratory. It shows rapid growth in projects producing RNG last year, and a potential pathway to deep methane emissions cuts at a time when the latest Global Methane Budget shows emissions rising rapidly. The new EV/ANL assessment tracks RNG production facilities where...
AI and robotics unlock sustainable efficiency in oil and gas sector, says GlobalData
Artificial intelligence (AI) and robotics are leading the transformative changes in the oil and gas sector, accelerating advancements in operational efficiency, safety, and environmental sustainability. These technologies are reshaping how the sector approaches exploration, production, refining, and logistics, instituting a new era of innovations for heightened productivity, efficiency, sustainability, and safety, according to GlobalData, a leading data and analytics company. Saurabh Daga, Pr...
Oil and Gas Fundamentals Diverge: Geopolitical Uncertainty Supports Crude Prices, Excess Inventory Overhangs the Gas Market
Summary The convergence of geopolitical tensions and wars, prolonged OPEC+ production cuts and stronger than expected YTD global consumption has supported the price of crude oil thus far in 2024. Here are some key forecast highlights: -- We are increasing our 2024 WTI oil price forecast to $75/bbl from $65/bbl to reflect actual year-to-date pricing, a more favorable full-year global liquids supply/demand balance, and a greater risk premium related to geopolitical tensions relative to our...
The Gas Exporting Countries Forum (GECF) officially launched the new Edition of its annual flagship publication, the Global Gas Outlook (GGO)
The Gas Exporting Countries Forum (GECF) officially launched the new Edition of its annual flagship publication, the Global Gas Outlook (GGO), on 12 March 2024 in the GECF Secretariat via video conference. This publication presents projections and in-depth analyses of the global energy system, focusing on natural gas and extending until the middle of the century. The launch was attended by His Excellency Sheikh Mishal bin Jabor Al-Thani, GECF Executive Board Chairman and distinguished represe...
Texas oil production to break all-time records in 2024 to exceed 5.6 million barrels per day
According to data from the US Energy Information Administration, December saw the all-time production record in the USA surpassed with more than 13.3 million barrels per day, a figure that, according to forecasts, will be widely surpassed in both 2024 and 2025. Texas is already the largest oil producer in the USA with 42% of the total, and employs more than 480,000 Texans. The sector already contributes more than $26.3 billion in state and local taxes to the national economy, an increas...
Creating a solid foundation for economic development
The Dangote Group planned a world-class new refinery in Nigeria that would reduce the country’s reliance on imported energy and bring with it over 30,000 jobs. It was a project requiring some truly massive moves – among the continent’s largest, in many cases. But before work could even begin, the team had to tame this patch of reclaimed swampland, turning it into a stable heavy lift surface. To support the drive for growth, Africa is looking to reduce reliance on imports; producing more of i...