Production
State-run Petrobangla has ramped up LNG procurement to offset declining output from local fields and to avoid power shortages.
Prime Minister Ousmane Sonko has said that Senegal will halt gas imports in 2026, to save $227 million annually, boost electricity for low-income households, and utilise new domestic offshore gas.
The Republic of Congo sealed a $23bn oil & gas deal with Wing Wah to expand the Banga Kayo, Holmoni, and Cayo fields.
Governments plan on producing more than double the fossil fuels than is consistent with a climate-safe world, a new report said.
U.S. gas prices plunged below $2/MMBtu this winter, largely because of warm weather. Gas companies unable to turn a profit are slashing drilling plans.
Bangladesh’s gas production has dropped to a decade-low level amid continuous depletion of output and lax moves to ramp up extraction.
The Groningen gas field was closed on the back of rising concerns related to earthquakes linked to production activity.
The U.S. region powered the shale gas boom for over a decade. But pipeline constraints mean that production growth of Appalachian gas is stalling out.
Drilling activity has slowed with ample levels of U.S. gas sitting in storage.
A forecast by the EIA shows U.S. LNG exports rising in the years to come. The more gas that is exported, the higher domestic prices rise.
Drilling activity is on the rise, but cost inflation and snarled supply chains will keep production growth in check.