US & Canada
Energy Transfer has suspended its Lake Charles LNG project and is reallocating capital to higher return gas pipeline projects. The suspension indicates increasing industry concerns about LNG oversupply and poor returns.
Rising U.S. natural gas prices and ample LNG supplies around the world have served to slam shut the window of profitability to export spot American gas. Some companies may even be “under water,” analysts say.
The rapidly unfolding energy transition was one of the key themes of the year. But so too was backsliding on climate commitments.
Canadian Prime Minister Mark Carney unveiled an agreement with Alberta that includes support for a new oil pipeline and scraps a series of Canadian climate policies. Environmental groups call it a betrayal.
A pair of reports warn that the mad rush to build new LNG projects in the U.S. is creating financial risks. Uncertain medium-term demand could result in too few buyers and a supply overhang.
Projects under construction are suffering setbacks. Meanwhile, the market outlook is turning negative, and the window of opportunity for new North American LNG is beginning to close, analysts say.
Gas production in West Texas has surged in recent years. The industry is rushing to construct more pipelines in the Permian. But analysts warn about the risk of overbuilding.
A flurry of deals at Gastech indicated interest in the continued expansion of LNG. But even industry leaders warned that “equity investors are going to get squeezed” from oversupply.
Governments plan on producing more than double the fossil fuels than is consistent with a climate-safe world, a new report said.
U.S. energy secretary Chris Wright played down fears that a focus on gas exports would drive up prices for domestic U.S. gas users.
A new study sheds light on the millions of Americans that are living in the shadow of fossil fuel infrastructure and the potential health hazards of residing in such close proximity.
Industry leaders speaking at Gastech remain bullish about prospects for the gas market despite its conflict with climate goals.
Union Investment, one of the largest asset management companies, has divested from ExxonMobil citing insufficient climate targets.
Inefficiencies in compressed air systems result in significant, avoidable emissions, writes Jeffry Kahn, President of CAM Technologies.
Emissions-sensing satellites are among the pioneering technologies that have started to remodel the oil and gas sector, writes Kenzie Huffman, Director of Partnerships at Carbon Mapper, the California-based NGO.
The Internet of Things (IoT) and Artificial Intelligence (AI), are helping us to understand how renewables can be integrated and managed with greater precision, writes Izzy Rivera, a manager at Emerson.
Already scarred by climate change, southwest Louisiana is on the frontlines of the rush to build new LNG.
Commercial fishing in southwest Louisiana is already facing hard times. But the rush to build Louisiana LNG export terminals may put an end to a once-vibrant industry.
The proposed Woodfibre LNG project has seen costs soar, and is not competitive with larger LNG projects on the U.S. Gulf Coast, despite generous public subsidies. Critics say it will not offer the economic benefit for which British Columbia is hoping.
The scenic Howe Sound, in British Columbia, has seen a stunning improvement in marine life. But this “success story” is under threat from the proposed Woodfibre LNG project, critics say.
A major Texas LNG project is promising to be the “greenest” LNG project in the world. But critics say it rests on ‘speculative’ and unproven carbon capture and sequestration technologies.
While much of the Texas coast is inundated with oil and gas infrastructure, the southern coast remains largely untouched by heavy industry. That could change with big plans for Texas LNG export terminals.