Petroleum production

Global Liquefied Natural Gas Markets, 2016-2019 & 2020-2027: Growing Focus on Expansion and Development of Gas Pipeline Infrastructure

Friday, September 25, 2020 - 6:15pm

The global liquefied natural gas market demand is expected to reach 560.19 million tons by 2027, expanding at a CAGR of 5.8% from 2020 to 2027.

Key Points: 
  • The global liquefied natural gas market demand is expected to reach 560.19 million tons by 2027, expanding at a CAGR of 5.8% from 2020 to 2027.
  • Growing focus on expansion and development of gas pipeline infrastructure and rising demand for LNG across downstream industries are the main propelling factors for the liquefied natural gas (LNG) market.
  • Decline in liquefied natural gas prices, along with the implementation of supportable government regulations and guidelines, which are attracting tax schemes and FDIs, is also beneficial for market growth.
  • Asia Pacific remains the chief center of demand and altogether it accounted for over 50% of the global liquefied natural gas imports in 2018.

Global LNG To Play Large Role In Taleveras Future Plans

Friday, September 25, 2020 - 8:00am

At the South Asian Gas and Power Round table event on Wednesday, Carolina Bermudez, a senior executive at Taleveras stated that global LNG demand would expand significantly by the mid -2030s.

Key Points: 
  • At the South Asian Gas and Power Round table event on Wednesday, Carolina Bermudez, a senior executive at Taleveras stated that global LNG demand would expand significantly by the mid -2030s.
  • Taleveras said it is still looking to cement its role as Africa's leading independent trader of Liquefied Natural Gas, the fastest growing fossil fuel.
  • Taleveras said it plans to increase and expand its supply sources of LNG in other to maintain a vibrant portfolio toaccomodate such demand growth.
  • Taleveras believes LNG trade demand will grow at an average of 3.4% a year between 2019 and 2040.

Saudi Arabia Oilfield Chemicals Market to 2025 by Application (Enhanced Oil Recovery, Stimulation, Cementing, Completion Production, Drilling, Others), & Oilfield Type (Onshore, Offshore) - ResearchAndMarkets.com

Thursday, September 24, 2020 - 9:29am

The "Saudi Arabia Oilfield Chemicals Market, by Application (Enhanced Oil Recovery, Stimulation, Cementing, Completion Production, Drilling, Others), by Oilfield Type (Onshore, Offshore), by Type, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Saudi Arabia Oilfield Chemicals Market, by Application (Enhanced Oil Recovery, Stimulation, Cementing, Completion Production, Drilling, Others), by Oilfield Type (Onshore, Offshore), by Type, by Region, Competition, Forecast & Opportunities, 2025" report has been added to ResearchAndMarkets.com's offering.
  • The Saudi Arabian Oilfield Chemicals Market is estimated to stand at around $ 710 million in 2020 and is forecast to grow at around 10% to reach $ 1.1 billion by 2025.
  • The Saudi Arabian Oilfield Chemicals Market is segmented based on type, application, oilfield type, and region.
  • Based on application, the market can be segmented into Enhanced Oil Recovery, Stimulation, Cementing, Completion Production, Drilling, and Others.

Teekay Group Joins United Nations Global Compact, the World’s Largest Corporate Sustainability Initiative

Wednesday, September 23, 2020 - 9:01pm

HAMILTON, Bermuda, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced that they have joined the United Nations Global Compact, the world's largest corporate sustainability initiative.

Key Points: 
  • HAMILTON, Bermuda, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Teekay Corporation (Teekay) (NYSE:TK), Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Teekay Group) today announced that they have joined the United Nations Global Compact, the world's largest corporate sustainability initiative.
  • We look forward to continue reporting on our annual progress to support the UN Global Compact principles.
  • Teekay provides these services primarily through its directly-owned fleet and its controlling ownership interests in Teekay LNG Partners L.P. (NYSE:TGP), one of the worlds largest independent owners and operators of LNG carriers, and Teekay Tankers Ltd. (NYSE:TNK), one of the worlds largest owners and operators of mid-sized crude tankers.
  • Teekay Tankers was formed in December 2007 by Teekay Corporation as part of its strategy to expand its conventional oil tanker business.

Global Liquefied Natural Gas Market Report 2020-2027: Focus on Transportation Fuel & Power Generation - ResearchAndMarkets.com

Wednesday, September 23, 2020 - 10:09am

The "Liquefied Natural Gas Market Size, Share & Trends Analysis Report by Application (Transportation Fuel, Power Generation), by Region (North America, Europe, APAC, Central & South America, MEA), and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Liquefied Natural Gas Market Size, Share & Trends Analysis Report by Application (Transportation Fuel, Power Generation), by Region (North America, Europe, APAC, Central & South America, MEA), and Segment Forecasts, 2020 - 2027" report has been added to ResearchAndMarkets.com's offering.
  • The global liquefied natural gas market demand is expected to reach 560.19 million tons by 2027, expanding at a CAGR of 5.8% from 2020 to 2027.
  • Growing focus on expansion and development of gas pipeline infrastructure and rising demand for LNG across downstream industries are the main propelling factors for the liquefied natural gas (LNG) market.
  • Asia Pacific remains the chief center of demand and altogether it accounted for over 50% of the global liquefied natural gas imports in 2018.

Two Advocacy Groups Challenge California Oil Regulator To Correct The Record On True Oil Drilling Permit Numbers

Tuesday, September 22, 2020 - 7:08pm

At issue is CalGEM data that show an increase of 185% in permits to drill new oil and gas (O&G) production wells in the first six months of 2020.

Key Points: 
  • At issue is CalGEM data that show an increase of 185% in permits to drill new oil and gas (O&G) production wells in the first six months of 2020.
  • The groups clearly broke this classification out from the rest of the permitting data that includes "Enhanced Oil Recovery (EOR) and Support wells."
  • As the advocacy groups pointed out in a letter to Ntuk, the rise in oil and gas production wells of 185% is particularly important for public health.
  • "Our focus on oil and gas production wells is directly related to the implications for public health associated with oil and gas extraction.

Europe Composite LPG Cylinder Market, Competition, Forecast & Opportunities, 2026

Tuesday, September 22, 2020 - 5:00pm

The growth of the European Composite LPG Cylinder Market can be attributed to properties of LPG cylinders such as 100% recyclability, lightweight, translucence, superior UV resistance and most importantly its explosion resistive nature which makes composite LPG cylinder a better alternative to standard LPG containers.

Key Points: 
  • The growth of the European Composite LPG Cylinder Market can be attributed to properties of LPG cylinders such as 100% recyclability, lightweight, translucence, superior UV resistance and most importantly its explosion resistive nature which makes composite LPG cylinder a better alternative to standard LPG containers.
  • In addition to this, attractive appearance of composite LPG cylinder is leading to preference change of the consumers over conventional heavy steel cylinders having inconvenient shape.
  • This is further anticipated to give a healthy push to the European Composite LPG Cylinder Market over the coming years.
  • The European Composite LPG Cylinder Market is segmented based on product, size, application, country and company.

Hunting Adds Recomplete Charges to Energetics Product Line

Tuesday, September 22, 2020 - 8:00am

Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the addition of recomplete charges to its consistent hole shaped charges product offering.

Key Points: 
  • Titan Division of Hunting Energy Services, a subsidiary of Hunting PLC, the international energy services company, today announced the addition of recomplete charges to its consistent hole shaped charges product offering.
  • Recomplete charges are designed to produce perforations during well recompletion activities.
  • The recomplete charges pair with Huntings new 2.5-in.
  • The companys Hunting Energy Services Titan Division engineers and manufactures perforating systems, wireline selective firing systems, cased hole logging instruments, nuclear detectors, energetics, and associated wireline hardware and accessories.

Zion Oil & Gas Drilling Rig Set to Depart for Israel

Monday, September 21, 2020 - 11:52pm

DALLAS and CAESAREA, Israel, Sept. 21, 2020 /PRNewswire/ -- Zion Oil & Gas, Inc. (OTCQX: ZNOG) confirms transportation arrangements for its drilling rig from Romania toIsrael.

Key Points: 
  • DALLAS and CAESAREA, Israel, Sept. 21, 2020 /PRNewswire/ -- Zion Oil & Gas, Inc. (OTCQX: ZNOG) confirms transportation arrangements for its drilling rig from Romania toIsrael.
  • "Despite the global challenges this year, we look forward to the Zion rig arriving at our drill site in Israel soon."
  • Zion's drilling rig crew is mobilizing in preparation for an estimated nine (9) days of overland transport in Romania to its departure port.
  • Zion Oil & Gas, a public company, traded on OTCQX Best Market, explores for oil and gas onshore in Israel on their 99,000-acre Megiddo-Jezreel license area.

Venture Global LNG Announces Leadership Changes

Monday, September 21, 2020 - 3:49pm

Mr. Pender stated, "It has been an exhilarating decade working with Mike to create Venture Global LNG and to help reshape the global LNG industry.

Key Points: 
  • Mr. Pender stated, "It has been an exhilarating decade working with Mike to create Venture Global LNG and to help reshape the global LNG industry.
  • Venture Global LNG is a long-term, low-cost provider of LNG to be supplied from resource rich North American natural gas basins and is currently constructing or developing 50 MTPA of production capacity in Louisiana.
  • The 20 MTPA Venture Global Plaquemines LNG facility is expected to commence construction this year and is located south of New Orleans on the Mississippi River.
  • Venture Global LNG is also developing the 20 MTPA Venture Global Delta LNG facility, adjacent to Plaquemines.