US ‘poised to become world’s largest oil producer’

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 […]

BBL pipeline to export gas from UK to Netherlands from 2019

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 […]

US crude oil exports reach record high

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 LNG exports ‘could be worth $73bn’

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 […]

US proposes to fast track natural gas exports

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 exported from Cygnus Bravo field

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 […]

Scottish oil & gas gets international vote of confidence

More than half (50.9%) of Scotland’s oil and gas supply chain sales were from overseas in 2015/16. That’s according to a new survey from Scottish Enterprise, which demonstrates the continued strong demand across the globe for Scotland’s skills, experience and expertise during challenging times for the sector. The sector’s £11.4 billion of international sales over the […]

UK’s global renewable exports on the up

UK wind, wave and tidal firms are exporting their products and services worldwide on a massive scale. That’s according to a new report from RenewableUK, which shows in 2016, a sample of 36 UK firms signed more than 500 contracts to work on renewable energy projects across 43 countries. These contracts each ranged in value […]

Both US coal imports and exports fell in 2016

US coal exports and imports both declined in 2016. That’s according to new statistics from the Energy Information Administration, which show the US remained a net exporter of coal through the year, exporting 60.3 million short tons (MMst) and importing 9.8MMst. US coal exports fell for the fourth year in a row, down 13.7MMst from […]

Exports in subsea sector ‘to rise in 2017’

Subsea companies in Britain expect to increase overseas activity in the next 12 months. According to a new survey by Subsea UK, 27% firms predict exports to rise by 50% or more this year. More than half (56%) of the 300 member companies surveyed expect overseas sales to increase between 1% and 49%. Around 17% […]