Even though oil prices are trading slightly lower today, the overall market environment is bullish and a US crude storage draw confirmation could again tilt the scale towards gains
Even though oil prices are losing a few cents to the dollar today, the overall sentiment has lifted since yesterday and the market should see the forest for the trees, as overall market conditions remain bullish and – under the current oil supply status quo – oil valuation is on track for further ascent. If […]
This week gas prices are at an unstable equilibrium, with traders waiting for further supply hints and watching Russia-Europe flows with bated breath
In Europe, the resumption of Russian gas flows to Germany at Mallnow and small injections into German storage at Rehden have calmed traders nerves and prices after a week of volatility. On the other hand, temperatures over the next few weeks are forecast to trend at or below normal through most of North West Europe. […]
While the US and EU launched the Global Methane Pledge, the strategic details are unclear
In an announcement made at COP26, the US and EU jointly kicked off the Global Methane Pledge, which aims to reduce methane emissions by 30% by 2030, and over 100 countries have joined the initiative; Miles Weinstein, Energy Transition Analyst at GlobalData, a leading data and analytics company, offers his view: “In total, the participating […]
Corie Allemand, director of oil and gas business development at Stratus Technologies, discusses key technologies in the industry's digital transformation push
In the first of our three-part video series on the role of edge computing in the future of the oil and gas industry, we speak with Corie Allemand, director of oil and gas business development at Stratus Technologies, on the current state of digital transformation, and the technologies that are pushing the oil and gas […]
We can invest as much as we want in technology, but people will have to take action to combat climate change
We need to invest in technology, and it’s one of the most powerful tools in our arsenal as we take strategic action to combat climate change, but it is just that, a tool. If our technology transforms but our people and our mindset do not, well, we’re right back at square one. This was one […]
The energy transition will be powered not only by technology, but through cultural shifts, partnerships, and strategic investments, says Christian Cravedi, ABB SVP and hub manager for Energy Industries, India, Middle East, and Africa Region
The energy transition question is no longer about “if” the oil and gas sector should drive change, but “how” it will do so. As companies consider the energy mix of the future, they need partners to enable their transition. The efficiency question “Through the energy transition, we will have multiple sources of energy that must […]
GlobalData identifies India to be the second-highest contributor to the global LNG regasification capacity additions with new build LNG regasification capacity additions of 3,062 bcf by 2025
China is expected to lead the Asia’s LNG regasification capacity additions, contributing 36% of the total LNG regasification capacity additions between 2021 and 2025, forecasts GlobalData, a leading data and analytics company. GlobalData’s report, ‘Asia Capacity and Capital Expenditure Outlook for LNG Regasification Terminals, 2021–2025 –China Dominates LNG Regasification Capacity Additions and Capex Spending in […]
Read the major takeaways from our HSE panel at the Oil & Gas Future Forum, or watch the full panel on-demand
During Oil & Gas Middle East‘s panel, ‘How HSE will transform post-pandemic’, Shaun Hannam, EMEA head of HSES at McDermott and May Faraj, head of environment and sustainability at WSP in the Middle East discussed how the pandemic impacted their overall HSE strategy, and the future for health and safety. How did the pandemic impact […]
Supply and demand fluctuate for European gas as winter sets in
European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless […]
The North Field expansion projects will increase Qatar's LNG production capacity to 126 million tons per annum by 2027
QatarEnergy has placed the first batch of LNG shipbuilding orders with Korean shipyards, consisting of four vessels from Daewoo Shipbuilding & Marine Engineering (DSME) and two vessels from Samsung Heavy Industries (SHI), as part of QatarEnergy’s shipbuilding programme to meet its future LNG carrier requirements. The orders came in the form of QatarEnergy’s declaration of […]
