Tuesday, December 24, 2024
Finding Costs Drop to 10-Year Low - Oil & Gas 360

Oil’s Q4 2016 CapEx Up 72% from Q4 2015: EIA

$4.9 billion increase largest since at least 2012 Capital expenditures for onshore oil companies increased in Q4 2017, the first year-over-year increase in CapEx since 2014. According to the EIA, CapEx in Q4 2016 increased by $4.9 billion, or 72%, compared to the fourth quarter of 2015. This increase was the largest year-over-year increase for onshore oil production companies since

LNG: Cheniere Announces 100th Cargo Shipment

100th LNG shipment departed from Sabine Pass on Saturday; more Liquefaction Capacity on the Gulf with completion of Train 3 Higher volumes of U.S. shale gas are about to find their way around the globe. This past weekend marked some notable milestones achieved by Cheniere Energy (ticker: LNG) and, by proxy, the nascent U.S. LNG export industry. Cheniere announced the

U.S. Approaching Net Exporting Of Gas, Driven By Shale and LNG

December gas export volumes 98% of import volumes, highest ever The U.S. unconventional boom has fundamentally changed the natural gas supply situation in the U.S. with plentiful gas easily available. This has changed not only the nation’s gas markets, but the world’s. Once a major gas importer, the U.S. is now poised to be a net exporter of natural gas.