exports

It has continued to export more natural gas than it imports for five of the first six months in 2018

They will come into effect tomorrow and can remain in place for a maximum of 200 days

The 434 contracts signed were worth up to £7.5m each

The sector saw £10.4 billion of sales from direct exports and international subsidiaries

The US is poised to become the world’s biggest oil producer, overtaking Russia and Saudi Arabia. That’s the prediction from research firm Rystad Energy, which suggests increased shale oil output from fracking could ramp up US domestic crude production by as much as a tenth in 2018. It says this would bring the nation’s total […]

The transportation of gas from Britain to the Netherlands through the BBL pipeline is expected from autumn 2019. Currently, gas can only be transported through the pipeline from the Netherlands to the UK. However, technical modifications are being made at the compressor station at Anna Paulowna and the gas terminal at Bacton. The project is […]

Crude oil exports increased by more than 300,000 barrels per day (b/d) in the first half of this year compared to the same period last year in the US. It reached a record high of 0.9 million b/d, according to latest statistics from the Energy Information Administration (EIA). The US exported crude oil to 27 […]

Increased US natural gas exports could add up to $73 billion (£55.9bn) to the nation’s economy by 2040. That’s according to the American Petroleum Institute (API), which suggests this growth could support up to 452,000 additional American jobs. The group estimates the greater use liquefied natural gas (LNG) across the world would reduce global greenhouse […]

The US Government is proposing a new rule that would provide faster approval of small-scale exports of natural gas. The measure will expedite the review and approval of applications to export small amounts of natural gas in emerging liquefied natural gas (LNG) export markets. That includes the Caribbean, Central and South America. Under the new […]

First gas has been exported from the Cygnus Bravo field in the Southern North Sea. ENGIE E&P UK said it was exported seven kilometres to Cygnus Alpha, which has been at a plateau of 250 million cubic feet per day since 13th December last year. Combined output then travels from the Alpha processing unit, 150km […]