The Middle East, long recognized for its vast oil reserves, is now experiencing a significant shift towards natural gas. Driven by soaring domestic demand, global energy security concerns, and the urgent need to reduce carbon emissions, several key countries in the region are embarking on ambitious gas development projects. Rising demand and production The region’s […]
Technical service contracts vs. production sharing contracts: A tale of two models
The choice between technical service contracts (TSCs) and production sharing contracts (PSCs) can significantly impact the development of a country’s oil and gas industry. Technical service contracts (TSCs) are agreements where a company provides technical expertise and services to the state-owned oil company in exchange for a fee. This model can be particularly attractive when […]
Methane emissions reduction: The game is on!
Decarbonization efforts in the oil and gas sector continue to gain momentum but face significant challenges. In our previous blog, we discussed the challenges oil and gas companies face in reducing upstream greenhouse gas (GHG) emissions and highlighted several initiatives major operators such as ExxonMobil, Chevron, and Shell have made in GHG emissions reduction. However, […]
New gas pipelines alleviate bottlenecks
The U.S. natural gas sector is witnessing another transformation and ready for growth even if limited in pipeline infrastructure primarily as a way to prepare for increasing demand for natural gas and, meanwhile, addressing transportation constraints. Last year alone, new pipelines with a combined capacity of ~7 billion cubic feet per day (Bcf/d) came online, […]
Refining margins under pressure: The impact of economic slowdown
Petroleum refiners globally are experiencing reduced margins in 2024 compared to the previous year, as illustrated in Exhibit 1. The 3:2:1 crack spread has fallen sharply in several regions. Amsterdam-Rotterdam-Antwerp (ARA) has seen its refinery margins fall from $24/bbl to $8/bbl, a drop of 66%. Los Angeles has also faced a sharp decline, with margins […]
The 2024 U.S. Presidential Election – Part 2: How will Harris and Trump impact U.S. energy policies?
Beginning with the 2016 Presidential election in the U.S., ADI has been publishing a summary of energy policy proposals by the leading candidates. Our summary has typically collected the positions of the two candidates on key energy issues, and we have tried to be objective by using their own words — made through statements reported […]
Natural gas goes to Six Flags
ADI has been reporting about struggling natural gas prices over the past year. U.S. natural gas prices have been on a rollercoaster again this year despite the country emerging as the top LNG exporter globally. Henry Hub benchmark prices started at $3.18 per MMBtu in the beginning of this year but fell to $1.49 per […]
Voluntary Carbon Markets Part 3: Building the next-generation VCM
The Voluntary Carbon Market (VCM) is at a crossroads as we have written in our prior blogs (see part 1 and part 2). While the U.S. VCM Guidelines offer a promising path forward, significant work remains to ensure the market fulfills its potential in combating climate change. This part explores some key developments that can […]
Voluntary Carbon Markets Part 2: The U.S. VCM guidelines
The voluntary carbon market (VCM) has become a critical tool in the fight against climate change as have discussed in part 1 of our series on this topic. It allows companies and individuals to offset their emissions by investing in projects that reduce greenhouse gases elsewhere. This approach has the potential to significantly accelerate global decarbonization efforts. However, concerns […]
Voluntary Carbon Markets Part 1: The growing pains of a young market
The Voluntary Carbon Market (VCM) is a dynamic space brimming with potential to combat climate change. It facilitates the trade of carbon credits, each representing one ton of verified CO2 equivalent emissions reduction. Companies and individuals can purchase these credits to offset their unavoidable emissions and contribute to climate action. However, like any nascent market, the VCM is experiencing growing […]
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