Industry Trends ///

A first for Panama Canal: Three LNG tankers crossed in a day

Three LNG tankers sailed through the Panama Canal on the same day, marking a first for the newly expanded waterway and highlighting the booming global gas trade.

U.S. LNG gets a big cheer in one of Russia's small neighbors

One of Russia’s European neighbors is fully embracing U.S. liquefied natural gas.

Rystad forecasts increased U.S. fracing capabilities by end 2018

Rystad said that pumping horsepower and sand supply are both tight in certain regions of the U.S. However, pumping horsepower and sand supply will see significant additions in the second half of 2018.

Oil extends rally before OPEC meeting after U.S. stockpiles fall

Oil rallied above $69/bbl after a surprise drop in U.S. inventories added to signs the market is in balance before a key OPEC meeting.

Bullish oil signs show Saudi Arabia's $80 goal within reach

While $80 oil seemed in the clouds just a year ago, it now looks primed for capture.

Colorado Exxon Mobil suit shows climate concerns not unique to coasts

Most cities suing oil companies over the impact of climate change want help paying for walls to protect against rising sea levels. And then there’s Boulder, Colorado.

Crude rises to highest level since 2014 on bullish U.S. inventory report

Crude rose to highest level since 2014 as the drop in U.S. inventories helped to sustain a rally spurred by geopolitical unrest.

OPEC-Russia talks set to keep oil cuts even as glut vanishes

OPEC and Russia will meet in Saudi Arabia this week to discuss the looming political crises and extending production cuts.

France's energy major is getting ready for an electric future

Total deepened its foray into power and gas retail, underlining a strategy shift as European oil majors transition to cleaner energy.

Canadian oil recovery faces new threat from possible railroad strike

A potential strike by Canadian Pacific Railway workers threatens a recovery in Alberta’s discounted heavy oil prices.

Majors bid to burnish credentials in war on climate change

The world’s biggest oil companies, for long typecast as villains of climate change, are seeking to reinvent themselves as environmental pioneers.

Upward trend of natural gas production could benefit consumers, manufacturers

Natural gas production in the U.S. is projected to break the domestic record in 2018, and again in 2019, according to the EIA.

Permian oil output to scale new heights as drillers add wells

Production from the prolific Permian oil play is expected to set new records as drillers keep adding more wells.

First commercial LNG cargo from U.S. East Coast hits the seas

The first export of natural gas from the U.S. East Coast has set sail.

Alberta plan to cut oil shipments would ripple across west coast

Alberta’s plan to cut crude shipments to BC could cause pump prices to surge and shift the flow of international crude.

U.S. offers $25 million cybersecurity grant after pipeline attacks

The U.S. wants to fund research targeting improved cybersecurity for the nation’s power grid and the oil and natural gas industry.

Shell CEO tells activists and investors: Trust me to cut carbon

Ben van Beurden has the same message for activists seeking to bind Shell to emissions cuts, and investors concerned about the merits of shifting away from O&G: Trust me.

Want the gas? Buy the company: A new way to finance U.S. LNG

After amassing billions in debt and pushing a bold spending plan, Charif Souki was fired in 2015 by the LNG company he founded.

Oil investors rally with record bets on price rise

Hedge funds have never been so invested in the global oil rebound.

Kuwait sees OPEC mulling longer oil cuts at June meeting

OPEC will consider extending an agreement to cut oil output into 2019 when they meet in June to assess the market.