EIA: Decline in natural gas price drove decrease in US oil producer revenue in early 2024
The US Energy Information Administration reports that cash from operations in 1Q24 has decreased due to lower natural gas prices.
The US Energy Information Administration reports that cash from operations in 1Q24 has decreased due to lower natural gas prices.
In this special bonus episode from Gastech 2024, Mike Logue and Brandon Stambaugh from Owens Corning® join us to talk about designing insulating systems that offer solutions for extreme conditions.
With methane emissions at near record levels, the IEA, UNEP and EDF have unveiled a new framework to report progress in reducing emissions by oil and gas companies.
Empire Petroleum Corporation has fixed the close of business on 30 September 2024 as the record date for a proposed subscription rights offering.
Woodside Energy will contribute US$50 000 to the Bayou Community Foundation in support of relief efforts following Hurricane Francine.
US gas company Chesapeake Energy's acquisition of Southwestern Energy is now expected to close early in 4Q24, Reuters cited the company’s CEO Nick Dell'Osso as saying.
The US Energy Information Administration (EIA) does not directly survey petroleum consumption; instead, it calculates a similar concept called product supplied from its surveys that span the US petroleum industry. Although it uses petroleum product supplied interchangeably with petroleum consumption, the two are not identical.
Renewables projected to grow up to 80%; hydrogen demand revised down by up to 25%, fossil fuels set to ‘plateau’ rather than peak.
In its Short-Term Energy Outlook EIA implemented a new model for forecasting crude oil and natural gas production from the US Federal Offshore Gulf of Mexico.
The body’s monthly report indicates a 2025 growth at 1.7 million bpd, slightly below this year’s figure.
Rystad Energy oil macro update from 11 September.
The EIA expects that Brent crude oil prices will return to above US$80/bbl this month.
The African Energy Week: Invest in African Energy conference will gather industry leaders to explore oil and gas financing tools and strategies in the age of the energy transition.
Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment, have identified that a lack of trust between project stakeholders is slowing the pace of infrastructure delivery that is critical to net zero.
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years.