The killing of foreign workers in the Algerian desert threatens production from North Africa’s largest oil and gas industry, the main source of revenue for a country that avoided unrest when the Arab spring swept away regimes across the region.
Egypt, a natural-gas exporter to markets from China to Chile, is set to become an importer for the first time just as the new government needs energy shipments to revive an economy weakened by civil unrest. Gas producers including BG Group Plc (BG/) have curbed local production even as demand from electricity plants jumped. That’s prompted the government that took power after Hosni Mubarak was ousted to plan a liquefied natural gas import terminal as soon as May. Royal Dutch Shell Plc (RDSA), the world’s biggest provider of LNG, has begun studying how to supply Egypt.
Reliance Industries Ltd. (RIL), operator of the world’s biggest oil refining complex, reported profit slumped for the third straight quarter on declining natural gas output in India and reduced earnings fromfuel sales. Net income fell 21 percent to 44.7 billion rupees ($809 million) in the three months ended June 30, according to a stock exchange filing yesterday. […]
Are gas prices impacted by the source of countries’ oil? The graphic below, from Oceana, suggests that how much oil a country imports does not affect gas prices. Rather, the group “found that while gasoline prices vary greatly among these five nations, the variation is almost entirely attributable to variation in gasoline taxes
New Zealand’s biggest coal company has confirmed Taranaki as the country’s hot spot for future development of a new energy source – coalseam gas. State-owned enterprise Solid Energy is now forecasting that the vast coalfields in eastern Taranaki have the potential to produce enough gas to supply a 400-megawatt power station the size of Huntly for 45 years.
Global exploitation of shale gas reserves could transform the world’s energy supply by lowering prices, improving security and even curbing forecast carbon dioxide emissions, but the industry might be stopped in its tracks if it doesn’t work harder to resolve concerns over its environmental safety, the International Energy Agency said Tuesday.
The hydraulic fracturing chemical disclosure law passed by Texas in 2011 served as a trailblazer for other states, said David Blackmon, director of government affairs at El Paso Corporation at the Seventh Annual Mayer Brown Global Energy Conference in Houston on Wednesday.
Australia’s Beach Energy may be ready to sell shale gas just a year from now if its pilot production wells are successful, the company’s managing director said on Tuesday. Australia is in the midst of a gas boom, as developers build around $170 billion in projects that will make the country the world’s largest liquefied natural gas (LNG) exporter before the end of the decade.
Total has managed to halt a long-running gas leak on the Elgin platform in the North Sea following a successful top kill operation. It took just 12 hours for the French major to call time on the leak once the top kill procedure kicked off on Tuesday morning, it revealed on Wednesday. The G4 well […]
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