Saudi Arabia steps in to, unintentionally, support US shale

Things are looking up in Shalelandia these days. Oil prices, despite the most recent drop, have stayed close to $50 a barrel. Rig-counts and production are rising. Even Saudi Arabia is looking discombobulated. Lest we forget, though, the chief reason things are looking up is because E&P companies fell way down. Back in October, Gadfly surveyed the financial…

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Flexible US shale industry is changing world gas trade

A cargo of LNG hauled from Louisiana in late December has become a symbol of how global trade is changing for a fuel increasingly seen as a cheap, cleaner-burning option for countries from Latin America to China and India, Bloomber reports. The tanker Maran Gas Achilles passed through the Panama Canal and was headed toward Asia at…

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Fast growth, capacity on track for northeast US shale gas pipelines

A surge in pipeline capacity for natural gas in the U.S. Northeast this year and next is expected to boost profits for producers and help hold down prices for Midwest and East Coast buyers. The $13.8 billion infrastructure build-out involves seven large pipeline proposals that will take gas in all directions. Producers in the Marcellus…

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US shale producers to contain their enthusiasm as oil hangover eases

Shale oil companies are ready to play chicken with supply and demand again, according to a report by Bloomberg. Roiled by a year that began with crude at a 12-year low and ended with a surprise OPEC agreement boosting prices, U.S. producers including Continental Resources and Pioneer Natural Resources are promising not to overreact —…

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New U.S. pipelines to double shale gas exports to more regions in Mexico: EIA

U.S. pipeline capacity for natural gas exports to Mexico has rapidly expanded in the past few years and currently stands at 7.3 billion cubic feet per day (Bcf/d). This existing cross-border capacity primarily supplies the Northeast and Central regions of Mexico. New capacity projected to be completed in the next several years will help to supply…

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Overview of South Africa’s readiness to support the shale gas industry

The discovery and exploitation of very large shale gas reserves in countries like the US have transformed the energy market. South Africa may also possess potentially large resources of shale gas. This could have a significant positive impact on the country’s energy balance should it be decided to exploit these resources. The exploitation of these key…

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INEOS realigns portfolio, grabs shale gas to boost position as chemical sector giant: IHS Markit

INEOS, a global manufacturer of commodity and intermediate chemicals with annual revenues last year of $40 billion, is poised to strengthen its position as a global chemical industry giant once it realizes the benefits of two major investments. These initiatives include imports of U.S. natural gas liquids (NGLs) and investment in UK shale gas, says…

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