The South China Sea is a major trade route for crude oil, and in 2016, more than 30% of global maritime crude oil trade, or about 15 million barrels per day (b/d), passed through the South China Sea.
Natural gas imports help to meet its rising gas demand as the country is adding gas-fired electricity generation capacity at a rapid clip while it faces a decline in its domestic gas production. More pipeline imports also mean cheaper gas than liquefied natural gas (LNG) imports.
The energy community needs renewables, it needs various regions specializing in different forms of energy in order to provide for the seamless coexistence of fossil and non-fossil energy sources.
Newly commissioned pipelines will transport U.S. natural gas farther into Mexico’s central and southern regions. Natural gas exports Texas will help meet growing demand from Mexico’s natural gas-fired power generation and industrial sectors.
As energy storage technology struggles to keep up with the growing demand for renewable energy, there are an increasing number of green power projects that lack the means to properly store or distribute energy.
The Texas Gulf Coast oil terminals sent abroad more crude than they received in April, the Energy Information Administration said this week. During that month, crude oil exports from the Houston-Galveston port district exceeded imports by 15,000 bpd.
The U.S. port district of Houston-Galveston in Texas recently began exporting more crude oil than it imported for the first time on record. Crude oil exports from the Houston-Galveston port district have increased since the restrictions on U.S. crude oil exports were lifted at the end of 2015.
The Angore pipeline is being built to connect the Angore gas field to the Hides gas conditioning plant. If an expansion is agreed upon, it will be underpinned by the more than 10 tcf of discovered undeveloped gas resource in the Elk-Antelope and P’nyang fields and potentially gas from the foundation project fields.
During the spring and fall, electricity demand is relatively low and decreasing. During the summer and winter when electricity demand is relatively high however, the amount of coal stockpiled at electric power plants has been decreasing.
Between 2008 and 2017, more than 103 gigawatts (GW) of renewable generating capacity entered service in the United States, of which only 14 GW is certified to have qualifying facility small power producer status under the Public Utility Regulatory Policies Act of 1978 (PURPA).
In gas, inventories were down by 700,000 barrels last week, compared with a build of 2.9 million barrels a week earlier but slightly above the seasonal average. Gasoline production averaged 10.2 million bpd, from 9.9 million bpd the week before last.
Drones are making inroads into the oil and gas industry, and these inroads could very well turn into highways for this technology in an industry that features a lot of surveillance and inspection work.
Natural gas production has been in decline, falling from a 2009 peak of 5.8 billion cubic feet per day (Bcf/d) to 3.9 Bcf/d in 2016, based on estimates in BP’s Statistical Review of World Energy.
Further, per the BP Statistical Review of World Energy, the U.S. has been the world’s largest oil producer since 2014 (primarily because BP counts natural gas liquids as oil).
But it is easy to forget the view of the U.S. natural gas markets circa 2005. At that time, U.S. natural gas production had begun to decline. Natural gas spot prices regularly spiked above $10 per million British thermal units (MMBtu), and sometimes as high as $15/MMBtu.
Natural gas pipeline projects scheduled to come online in 2018 will bring additional supply to the Gulf Coast and support growing export markets.
The reason for this moderate gas demand is simple: lack of distribution infrastructure.