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February 26, 2018

Shell Sees Surging Global LNG Demand Leading to Possible Shortages in Mid-2020s

February 26, 2018

Shell (ticker: RDS.A) released its annual LNG Outlook today with robust LNG demand and natural gas usage predictions. The global liquefied natural gas (LNG) market showed demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Shell said based on current demand projections, it sees a potential for a supply shortage developing

Oil & Gas 360

STEP Energy Services to Acquire U.S. Frac Company for US$275 Million

February 26, 2018

Deal adds 4 frac spreads and 192,500 HP, mostly in SCOOP/STACK, Woodford STEP Energy Services Ltd. has entered into an agreement to acquire all of the issued and outstanding capital stock of Tucker Energy Services Holdings, Inc. for total cash consideration of US$275 million. Tucker is a privately owned and geographically focused provider of fracturing and completion solutions operating primarily

New Crackers Creating Demand for Ethane and Propane, along with Growing NatGas Exports, Could Push Petrochem Plants from NatGas to Oil Feedstocks: McKinsey

February 26, 2018

Beginning a transition of the petrochem industry over the next 12 years From McKinsey Location has been the key to success in petrochemicals: playing in emerging markets and accessing cheap feedstock. As the industry shifts, companies will have to work harder on core capabilities and strategy. Below the surface of the record profits petrochemical companies have been reporting over the past

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