Moody's: Oversupply to keep LNG prices low beyond 2020

Moody’s expects global LNG prices to remain low beyond 2020 as a wave of fresh supply comes online while demand from the world’s largest importers is weakening. Global oversupply will peak at about 55 million tonnes/year in 2019, according to the rating agency’s report, “Global Liquefied Natural Gas Industry: Market Imbalance Will Continue Beyond 2020, […]

Aramco to buy interest in Malaysia's RAPID project

Petronas has signed a share purchase agreement to sell Saudi Aramco a 50% ownership interest in its long-planned refinery and petrochemical integrated development (RAPID) project now under construction at the $27-28-billion Pengerang integrated complex (PIC) in southeastern Johor, Malaysia. Source: News

Study links water injection, induced seismicity in Central and Northwest Oklahoma

Injection into the Arbuckle group, the stratigraphic unit lying directly on Oklahoma’s crystalline basement, is the likely cause of the state’s earthquakes. The largest volume of injection has been into this horizon and increases of pore pressure in the Arbuckle are interpreted as transmitting to blind faults in the crystalline basement. Source: News

North American upstream spending to soar in 2017

Following an unprecedented 2 years of double-digit percentage declines, upstream capital expenditures in North America will rebound strongly this year, according to Oil & Gas Journal’s annual spending outlook. Source: News

A squeeze on Canada

Canadian oil and gas companies find themselves caught between push-and-pull policies from north and south of their country’s southern border. With every gain comes a setback. Source: News