The strongest year for European gas demand since the 2008 financial crisis was 2010, a year impacted by the El Niño weather phenomenon. With international weather agencies now identifying the signs of the first El Niño conditions since 2010, could this be a sign of a cold winter ahead, and strong gas demand to come?
Archive for the ‘natural gas’ Category
By Alex Froley | May 22, 2015 12:01 AM Comments (1)
By Christine Forster | May 8, 2015 05:33 PM Comments (0)
Back in 1979, Australians were wowed by a television advertising campaign in which natural gas was depicted as “The Living Flame.”
Produced for eastern Australia-based gas utility AGL, the advertisement showed ballerinas dancing around a giant cooking hob, depicting natural gas in human form. The Living Flame was positive, beautiful and memorable. It was a campaign that would have made Don Draper proud.
By Alex Froley | May 8, 2015 07:18 AM Comments (0)
One of the most uncertain UK general elections of recent decades is reaching a surprisingly definite conclusion: indications on the morning of May 8th suggest a majority for the Conservative party, the lead partner in the coalition government that ran the country over the last five years. The energy industry may be pleased most of all by the removal of uncertainty, while future policy measures could boost shale gas, but limit the growth of onshore wind.
By Elizabeth Bassett | May 7, 2015 07:31 PM Comments (0)
Thursday at the Offshore Technology Conference is traditionally the “safety day,” with sessions and panels bringing together regulators as well as industry professionals to talk about the sometimes uneasy interaction between the two in the offshore oil and gas industry.
By Elizabeth Bassett | May 6, 2015 08:25 PM Comments (0)
Yesterday I gave a recap of some of the technology transfer ideas here at the 2015 Offshore Technology Conference. Today, in a continuation of that theme, I heard an awful lot of discussion of what really drives technology and gives it context: data.
Data was a recurring subject Wednesday at the conference, particularly in an afternoon session that featured the third big player in Houston’s industry landscape, aerospace. More specifically, NASA.
By Elizabeth Bassett | May 5, 2015 07:50 PM Comments (0)
The downturn in oil prices has led to a lot of chatter about how best to spend money in the oil and gas world, and M&A activity is frequently cited as a prudent use of funds.
Another use, which came up repeatedly at the 2015 Offshore Technology Conference, is investing in technology, and specifically technology that can be transferred between industries and among companies.
By Elizabeth Bassett | May 4, 2015 04:15 PM Comments (0)
Every hero needs a sidekick, every dog needs its day, and every oil and gas conference has to talk about bettering communication with the public, it seems.
The 2015 Offshore Technology Conference in Houston this week is no exception. Today is the first day of the conference, which regularly brings in about 90,000 attendees (or more) to hear from industry execs and elected officials and to learn about the companies, organizations and countries represented in booths and demonstrations.
By Alex Froley | April 23, 2015 12:01 AM Comments (3)
Europe’s competition commissioner Margrethe Vestager is taking on some tough battles. Last week she accused US technology giant Google of abusing its dominant position in the internet search market. This week she has laid charges against Russian gas producer Gazprom over its sales practices in eastern Europe.
By News Desk | April 22, 2015 06:34 PM Comments (0)
While Wednesday was supposedly natural gas day at IHS CERAWeek, oil topics still leaked into some of the discussions from executives and officials, such as during a discussion with Richard Kinder of Kinder Morgan.
On the other hand, some companies centered on other commodities (*cough cough coal*) are looking to gas as a way to round out their opportunities in a rapidly changing global energy landscape.
We tweeted tidbits from @PlattsGas, as well as from @PlattsOil and @PlattsCoal today, and also shared stories from our three natural gas and LNG editors who were in attendance at various sessions. Below are some of their thoughts about Wednesday’s events.
By Chris Pedersen | April 17, 2015 01:00 PM Comments (4)
This time a year ago, the United States produced about 66 Bcf/d of natural gas and the national average price of next-day delivered natural gas was $4.59/MMBtu. Today, the US is producing roughly 72 Bcf/d of natural gas and the average national price of next-day delivered gas, as of April 13, was $2.35/MMBtu. It is safe to say that we are in an environment of depressed prices and surplus supply.