LNG

Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on September 25th, 2017

The Japanese government is expected to ease regulations on hydrogen refueling stations, with the goal of making the refueling points less costly to set up and to operate in the hope of spurring the adoption of fuel cell vehicles. Building a hydrogen station costs 400 million yen to 500 million yen ($3.5 million to $4.4 million), […]

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Cal on September 7th, 2017

  Within the next 5 years Carnival expects to have seven cruise ships powered by liquefied natural gas (LNG). The ships. the world’s first to run entirely on LNG, and will be delivered between 2018 and 2022. Carnival is the world’s largest leisure travel company. Germany’s Federal Ministry for Transport and Digital Infrastructure is funding LNG as […]

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Cal on September 5th, 2017

By 2050, the world’s population is expected to reach 9.1 billion. Russia is moving to gain a bigger role in the world liquefied natural gas (LNG) market with the opening of a new facility on the Yamal Peninsula in the Kara Sea. Currently, Russian LNG is produced from a facility on the Far East island […]

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Cal on August 30th, 2017

Experts estimate that the South American nation of Columbia has recoverable shale oil reserves between 2.5 and 7 billion barrels, making these the third-largest in the western hemisphere, after the US and Argentina. In Canada, the list of major oil companies selling off assets and withdrawing from the high-cost oil sands is getting longer. ConocoPhillips, Royal […]

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Cal on August 19th, 2017

The US Energy Information Administration projects that, based on current construction plans, by 2020 the US will have the third-largest liquefied natural gas (LNG) export capacity in the world after Australia and Qatar. China is expected to become the leading importer of LNG, consuming about 40% of world supply. Natural gas liquids are sought by the steel, chemical […]

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Cal on August 2nd, 2017

World crude oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, according to Royal Dutch Shell’s CEO.  Yet crude oil will still be needed for decades to come as it is likely to remain the main transportation fuel for planes, ships and heavy trucks. US crude […]

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