•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Shale gas production prompting national discourse about wider markets

    A report published by research group IHS Inc. December 26 noted that the unconventional oil and gas revolutionizing America has prompted further discussion about the natural gas markets.

    "Unconventional oil and natural gas activity is now unlocking new domestic sources of supply. Net petroleum imports have fallen from 60% of total consumption in 2005 to 42% today. The decline is due, in part, to moderating energy demand during the slow recovery in the wake of the Great Recession, but greater fuel efficiency in autos and a slowing of the growth in total vehicle miles will continue to constrain the growth of demand." The report also said "A dozen years ago, shale gas production was only 2% of total US natural gas production. Today, it represents 37%. This burgeoning supply, and its impact on market prices, is a significant factor supporting a manufacturing renaissance. It is also prompting a national discourse about wider markets for natural gas."

    Most Popular

    Related Articles

    Pemex to compete in Mexico's first oil tenders

    03/13/2015 Pemex plans to take part in the first two public tenders opening up Mexico’s oil and gas industry, according to Reuters. The two tenders will include one for 14 production and exploration areas, an...

    IEA raises forecast for oil demand growth

    03/13/2015 Having bottomed‐out in the second quarter of 2014, global oil demand growth has since steadily risen, with year‐on‐year gains estimated at around 0.9 million barrels per day (mb/d) for the final qu...

    Commodity trading house challenges

    03/11/2015

    Maintaining strategic agility during seismic financial regulatory shifts

    Dawson Geophysical completes strategic business combination

    02/12/2015 Dawson Geophysical Co., previously known as TGC Industries Inc., has completed its strategic business combination, effective Feb. 11. Trading in the combined company's common stock will open on NAS...

    Cue Energy board rejects NZOG's unconditional takeover offer

    02/12/2015 NZOG Offshore, a wholly owned subsidiary of New Zealand Oil & Gas Ltd. (NZOG), is making an unconditional takeover offer for ASX-listed Cue Energy Resources Ltd. in Australia. The Cue Energy bo...

    The need for integrated risk analytics

    02/11/2015

    Oil and gas companies that invest in effective project control techniques will enjoy a competitive advantage over those that do not

    More Oil & Gas Financial Articles

    Pemex to compete in Mexico's first oil tenders

    Fri, Mar 13, 2015

    Pemex plans to take part in the first two public tenders opening up Mexico’s oil and gas industry, according to Reuters. The two tenders will include one for 14 production and exploration areas, and the other for five contracts spread over nine production fields.

    IEA raises forecast for oil demand growth

    Fri, Mar 13, 2015

    Having bottomed‐out in the second quarter of 2014, global oil demand growth has since steadily risen, with year‐on‐year gains estimated at around 0.9 million barrels per day (mb/d) for the final quarter of last year and 1.0 mb/d for the current quarter, said the International Energy Agency’s Oil Market Report for March. The forecast of demand growth for all of 2015 was raised by 75 kb/d to 1.0 mb/d, bringing global demand to an average 93.5 mb/d. 

     

    Commodity trading house challenges

    Wed, Mar 11, 2015

    Maintaining strategic agility during seismic financial regulatory shifts

    Dawson Geophysical completes strategic business combination

    Thu, Feb 12, 2015

    Dawson Geophysical Co., previously known as TGC Industries Inc., has completed its strategic business combination, effective Feb. 11. Trading in the combined company's common stock will open on NASDAQ on Feb. 12 under the symbol "DWSN" on a post-split basis (CUSIP No. 239360100).

    Cue Energy board rejects NZOG's unconditional takeover offer

    Thu, Feb 12, 2015

    NZOG Offshore, a wholly owned subsidiary of New Zealand Oil & Gas Ltd. (NZOG), is making an unconditional takeover offer for ASX-listed Cue Energy Resources Ltd. in Australia. The Cue Energy board considers that the offer from NZOG substantially undervalues Cue Energy, and advises shareholders to reject the offer.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ