North America is expected to add around 265 mtpa of LNG liquefaction capacity in 2023 #OilmanNEWS Downstream Oil and Gas News 

North America is Expected to Add Around 265 mtpa of LNG Liquefaction Capacity in 2023

North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals… Read More
Natural Gas Generates the Most Electricity #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

Natural Gas Generates the Most Electricity

Natural gas continues its streak as the leading fuel to generate electricity across the U.S. The Energy Information Administration (EIA) reports natural gas accounted for 62 percent of the new utility-scale additions in 2018 followed by wind with 21 percent and solar photovoltaic with 16 percent. Overall, 31.3 gigawatts (GW) of generating capacity was added last year, which had the… Read More
Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds #OilmanNEWS Downstream Oil and Gas News Press Release 

Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds

BOSTON — Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. GasBuddy, the only smartphone app connecting drivers with the Perfect Pit Stop, today issued the 2019 Consumer Sentiment on Gasoline Study that finds that the necessity, perception, and price of gasoline adversely impacts Americans across all age groups and income brackets, with a… Read More
Natural Gas Leads As Electric Generation Fuel 2018 March-April Alex Mills Contributors Downstream 

Natural Gas Leads As Electric Generation Fuel

Three years ago natural gas became the largest source of electric generation in the U.S.  In 2017, natural gas increased its lead as coal continued its slide downward, according to a new report issued by the Energy Information Administration (EIA) on Tuesday. Overall, total U.S. net electricity generation declined 1.5 percent, and natural gas fell 7.7 percent as about 4… Read More
GasBuddy Reveals Top Money-Wasting Habits When Buying Gas #OilmanNEWS 2018 March-April Downstream 

5 Top Money-Wasting Habits When Buying Gas

GasBuddy announced its latest survey findings on American motorists’ fuel-purchasing habits, revealing that drivers are prone to overpaying by at least 20 cents per gallon at the pump1 due to factors such as laziness and procrastination. GasBuddy conducted the study to glean insights on how consumers decide where and when to stop for fuel, and explain how these decisions could… Read More
2018 January-February Alex Mills Contributors Downstream Midstream 

Petroleum Demand Increases Firms Prices

Crude oil and natural gas prices continue to gain strength on news of increased demand. Oil futures on NYMEX for February delivery closed Wednesday at $63.57 per barrel its highest mark since Dec. 9, 2014.  Natural gas for distribution at Henry Hub in Louisiana closed at $2.906 Wednesday. The Energy Information Administration (EIA) reported that oil inventories declined again last… Read More
Drilling Technology Knows No Bounds 2018 January-February Downstream 

Drilling Technology Knows No Bounds

Scientists and researchers are continually on the forefront of new drilling technology development, to allow companies to compete in a tighter profit-margin market. Some are new types of technology and others utilize existing technologies but employ a novel technique to their use. Below are some of the new technologies and techniques that are currently being used in the field and… Read More
Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists #OilmanNEWS 2017 November-December Downstream 

Highest Thanksgiving Gas Prices Since 2014 to Hit Motorists

GasBuddy projects that Thanksgiving will see the highest average gas prices since 2014 as the country prepares for the busiest traveling weekend of the year. Yet the average gas price in four of five U.S. states is lower than a week ago, coming as the number of Americans driving is expected to surge by 20 percent* over last Thanksgiving according… Read More
India's GAIL Signs Three Time-Swap Deals for US LNG #OilmanNEWS 2017 November-December Downstream 

India’s GAIL Signs Three Time-Swap Deals for US LNG

India’s state-owned gas company, GAIL (India) Ltd has signed three time-swap deals with global companies to sell some of its previously contracted US liquefied natural gas (LNG) in an attempt to cut costs for home consumers.   While disclosing this in its Annual Report, GAIL said that under the deals, the company will buy LNG from international companies this year… Read More
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