Tag: shale gas

Gazprom considers replacing its shale gas production with LNG, commenting that the shale gas production of North America will not have any serious impact on the global gas market configuration, whereas LNG projects show an increased number of final investments decisions.

In this video, IEA explains how the oil markets are changing. With developing economies now contesting for more demand, they will account for all of the growth in oil consumption by 2040 and over 80% in gas use. What is more, global oil production is continuing its increase fueled by the transport sectors and petrochemicals.

OPEC expects a steady rise in US oil output, as it will gain momentum in the next five years. OPEC also expects the demand for its crude to reduce, in spite of an increasing appetite for energy driven by global economic expansion. The reduction in demand for OPEC crude is due to a strong non-OPEC supply in 2017–2023.

According to the China Special Report of the World Energy Outlook 2017, the country's annual gas production will double to 340 billion cubic metres in 2040, with shale gas playing an important role, but consumption is expected to increase even more, reaching 600 billion cubic meters.

According to Lloyd's Register, North Yorkshire County Council's planning committee has recently approved shale gas exploration plans at a site near Kirby Misperton in Yorkshire, UK .Therefore, the safety of operations is critical to ensure confidence in the industry.Lloyd's Register emphasises the discussion around unconventional gas and oil needs to be informed and factual to reassure the community at large.

ABS has granted approval in principle (AIP) to a Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. The new HHI design targets near-shore North America shale gas exports.

INEOS confirmed that its vessel, the INEOS Intrepid, has arrived at the INEOS petrochemicals plant at Rafnes in Norway, carrying 27.500m3 of US shale gas ethane. This is the very first time that ethane from US shale gas has ever been exported from the USA and the first time it has been imported into Europe.

The INEOS Intrepid, the world’s largest LNG multi gas carrier, today left the Marcus Hook terminal near Philadelphia bound for Rafnes in Norway carrying 27,500m3 of US shale gas ethane.This is the first time that US shale gas has ever been shipped to Europe.

BP’s Energy Outlook projects that the so-called ‘shale revolution’ will continue, with shale gas more than doubling its share of the market. Technological innovation and productivity gains have unlocked vast resources of tight oil and shale gas, causing us to revise the outlook for US production successively higher.