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Upstart pitches plan for cheapest U.S. gas on water

5 days ago DieselGasoil Comments Off on Upstart pitches plan for cheapest U.S. gas on water
By Naureen S. Malik and Christine Buurma on 2/14/2019 Photo: Venture Global LNG. NEW YORK (Bloomberg) — A little-known company is planning to be a standout in the crowded field of U.S. shale gas exports by slashing construction costs for the massive terminals that turn gas into a transportable liquid. The founders of Venture Global LNG Read More

Tokyo to boost energy ties with Moscow despite sanctions against Russia – Japan's economy ministry

1 week ago DieselGasoil Comments Off on Tokyo to boost energy ties with Moscow despite sanctions against Russia – Japan's economy ministry
Amid growing uncertainties on the global oil market, Japan is looking to boost its energy cooperation with Russia, and international sanctions on Moscow don’t prohibit cooperation. That’s according to Japan’s Economy, Trade and Industry Minister Hiroshige Seko in a written interview with S&P Global Platts published on Friday. Japan, which relies almost exclusively on imports Read More

Tokyo to boost energy ties with Moscow despite sanctions – Japan's economy ministry

1 week ago DieselGasoil Comments Off on Tokyo to boost energy ties with Moscow despite sanctions – Japan's economy ministry
Amid growing uncertainties on the global oil market, Japan is looking to boost its energy cooperation with Russia, and international sanctions on Moscow don’t prohibit cooperation. That’s according to Japan’s Economy, Trade and Industry Minister Hiroshige Seko in a written interview with S&P Global Platts published on Friday. Japan, which relies almost exclusively on imports Read More

Chicago cold air to rival Antarctica lifts power, gas prices

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By Christopher Martin, Jim Efstathiou Jr. and Naureen S. Malik on 1/30/2019 NEW YORK (Bloomberg) — A cold blast brutal enough to rival temperatures at the South Pole is sending demand for power and natural gas soaring in the U.S. Midwest, pushing prices sharply higher. The National Weather Service warned of a life-threatening chill and Read More

Russia vows to defend its Venezuelan oil assets

3 weeks ago DieselGasoil Comments Off on Russia vows to defend its Venezuelan oil assets
Russia will defend its interests in Venezuela within the international law using “all mechanisms available to us,” Dmitry Peskov, spokesman for Russia’s President Vladimir Putin, told Russian media on Tuesday. Russia has kept close ties with Venezuelan President Nicolas Maduro and has extended loans to Venezuela, including oil firm Rosneft lending money to Venezuela’s state-held Read More

Trading of LNG derivatives to benefit industry

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By Stephen Stapczynski and Dan Murtaugh on 1/21/2019 SINGAPORE (Bloomberg) — With natural gas demand growing faster than for any other fossil fuel, LNG futures may be finally taking off.  Derivatives represented about 2% of global LNG production at the beginning of 2017 as an array of contracts around the world struggled to gain traction. Read More

Huge backlog could trigger new wave of shale oil

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The number of drilled but uncompleted wells (DUCs) in the US shale patch has skyrocketed by roughly 60 percent over the past two years. That leaves a rather large backlog that could add a wave of new supply, even if the pace of drilling begins to slow. The backlog of DUCs has continued to swell, Read More

United States considers hitting Venezuela with oil embargo

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The White House National Security Council has told some US refiners that sanctions on Venezuelan crude exports are under consideration, S&P Global Platts reported, citing sources familiar with the issue. The effort would likely focus on the roughly 500,000 barrels per day (bpd) of crude that Venezuela exports to the United States, according to Joe Read More

Russia’s coal exports, production hit 5-year high in 2018

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Russia’s production and exports of coal hit last year their highest levels since 2013, according to S&P Global Platts estimates of data from Russia’s Energy Ministry. Russian coal exports increased last year by 3.4 percent compared to 2017, to reach 191 million mt—the highest level since S&P Global Platts started collecting data on Russia’s coal Read More