The previous decade was a banner year for LNG as the abundance of cheap natural gas and LNG’s environmental benefits led to an unprecedented number of projects. Over this time, an additional 187 million tons per annum (mtpa) of liquefaction and 261 mtpa of regasification capacity came online. However, 2020 was a rough year for […]
Midstream operators brace for a tough road ahead
The great midstream buildout seems to be over, at least for now. In 2020, midstream operators delayed and canceled projects in efforts to slash capital spending due to the uncertainty of Covid-19. Operators also worried about E&Ps, many of whom were facing the prospects of bankruptcy, and renegotiated existing agreements to ensure their survival as […]
Upstream outlook: A shift to responsible drilling
In 2020, the oil and gas upstream sector dramatically shifted to a self-preservation and survival mode. The impact of COVID-19 shattered crude oil prices to all-time lows in March 2020 followed by a sudden slump in global crude oil demand distressed all upstream stakeholders. It translated into drastic CAPEX reductions (especially in exploration), a postponement […]
Future of refining –Rationalize, reduce, and repurpose
The global refining sector has been severely hit by the outbreak of COVID-19 pandemic with dramatic cuts to fuel demand. In 2020, global oil demand was ~ 91.3 million barrels per day (MMbpd), almost 9% lower year over year. Most of the fuel demand destruction came from the transportation sector as countries across the world […]
Gasifying Central and Eastern Europe with small-scale LNG
LNG has in recent years transformed into an exciting fuel market. Decarbonization efforts and policies, low costs, and regulatory pressure to lower toxic gas emissions have driven demand for LNG. Global LNG demand and capacity have grown at 5.1% and 5.8% per year, respectively, in the past decade. The U.S. has emerged as a major […]
Sulfur removal options for natural gas operators
Natural gas production in the U.S. is growing at ~6% annually with dry natural gas production levels expected to reach ~95 billion cubic feet per day by 2021. Natural gas production growing rapidly in the most cost-competitive plays such as Permian, Haynesville, and Eagle Ford is also high in sulfur content. Operators are increasingly installing […]
Is Power-to-Gas a Viable Option?
Renewable energy capacity has grown significantly in recent years as it has become more cost competitive with natural gas and coal-fired power generation. Even as the market forces of falling cost and regulatory action are in favor of renewable energy, storing renewable energy has been challenging. Storing renewable energy is inefficient and large amounts of […]
United States EV charging infrastructure: Rising role of utilities?
President-elect Joe Biden has committed to build 500,000 electric vehicle (EV) chargers by 2030. However, United States is expected to have nearly 15 million electric vehicles (EVs) by 2030. EV adoption is expected to be fueled by decarbonization goals, decreasing battery costs, growing efficiency, and EV model growth. Another important driver that will drive EV […]
Pandemic continues to push U.S. refinery closures and shift to renewable fuels
U.S. refiners and integrated oil majors have announced several permanent closures of refineries with some planning to convert them into renewable fuels plants. The trend that started in 2019 has accelerated recently due to extended transportation fuel demand losses induced by the COVID-19 pandemic. Over the past year, U.S. refiners and integrated majors have announced […]
A long road ahead for Oilfield Services
The oilfield service (OFS) industry took a major financial hit with the crash of crude oil prices earlier this year. Unlike the exploration and production (E&P) sector, which had bounced back from the oil price downturn of 2014, the OFS sector as a whole never recovered. Demand impact due to COVID-19 and the OPEC+ breakdown […]
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