US LNG Exports Growth: Driving Natural Gas Industry Forward in 2023
The US LNG exports growth is expected to continue over the next two years, displacing pipeline natural gas exports from Russia to Europe and meeting global demand.
Tagged: Oil&Gas
Oil and Gas Industry News Archives
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Pemex Destroyed Resources Worth $342 Million, Causing Environmental Damage
Mexican state oil company Pemex destroyed resources by illegally burnt off hydrocarbon resources worth over $342 million, causing extensive environmental damage and sparking controversy.
EIA Petroleum Price Forecast: A 5-10% Decline Expected in 2023
EIA petroleum price forecast predicts a 5-10% decline in crude oil, gasoline, and diesel prices in 2023 due to global production, economic growth, and market trends. Learn how these factors impact energy consumption and the oil industry.
Fuel Spill Causes Evacuation in PA
Fuel spill causes evacuation in PA in the city of Bethlehem. 100’s of residents were evacuated from their homes today after 6,000 of gallons of fuel spilled out of an overturned tanker truck near Paul Avenue and West Union Boulevard on the city’s west side.
Fuel Costs Have Some Truckers Teetering
Record surging fuel costs have some truckers teetering, especially among small and independent operators. U.S. average for trucking’s main fuel rises another 11.5 cents to $5.339 per gallon—as a freight market authority with a…
KAG Logistics acquires American PetroLog
KAG Logistics acquires American PetroLog LLC, a Lafayette, La.-based company providing multi-modal distribution services to the petrochemical industry. KAG Logistics is a major logistics provider in the petroleum, renewable fuels, specialty products, food products and…
NORA Names New President
The National Oilheat Research Alliance (NORA) has announced the appointment of Michael Devine as incoming president following the retirement of current president John Huber effective March 1. Devine comes to NORA after having served as VP…
Pipeline Attacked In Canada
Royal Canadian Mounted Police (RCMP) are investigating what is being described as an “organized violent attack” on pipeline workers, police and equipment at a Coastal GasLink drilling site near the Morice River in northern BC.
Philippines Increases Oil and Gas Imports
As the world begins to recover from the COVID-19 pandemic in most areas, the demand for oil and gas has increased exponentially. Prices have risen, demand is strong from the transportation industry, and consumers are…
Glut Causing Uncertainty For LNG
U.S. liquefied natural gas (LNG) exporters could see cargo cancellations return this summer if the current supply glut cannot be alleviated by then, analysts said recently. According to IHS Markit, 2020 saw an estimated global…
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