Global energy demand between 2014 and 2035 is expected to rise 34%, an average of 1.4%/year, with fossil fuels remaining “the dominant form of energy over the period,” according to the 2016 edition of the BP Energy Outlook. Source: News
Today’s lower prices don’t doom future US LNG exports, panel says
Depressed natural gas prices now aren’t likely to affect future US LNG exports much because most projects won’t go into operation until 2020 when global markets have improved, speakers at an Atlantic Council (AC) forum agreed. Source: News
Taking the oil
At least Donald Trump wants oil. While seeking the Republican presidential candidacy, he lays claim to oil with characteristic intemperance. That he wants oil nevertheless implies that he sees value in the substance. Neither Democratic candidate even wants it. Source: News
Working through the downturn
Under normal market conditions, an exploration editor need not reach too far to find a topic worthy of writing on. These are not normal market conditions. Source: News
In two elections due in Iran, votes will have limited clout
Iranian elections, two of which will be held Feb. 26, are more important than they are consequential. Source: News
NARUC resolution backs carbon capture from power plants for EOR
The National Association of Regulatory Utility Commissioners (NARUC) approved a resolution calling for capturing more carbon emissions at power plants for enhanced oil recovery (EOR). Source: News
US rig count down 27 units; firms plan to shed more units
The latest drilling dive continued during the week ended Feb. 19, with the US rig count shedding 27 units to bring the current total to 514, Baker Hughes Inc. reported. All but one of those units targeted oil. Source: News
Cyprus planning third licensing round
The government of Cyprus plans a third round of offshore oil and gas licensing, according to press reports. Source: News
Statoil lets contract for Norwegian processing plants
Statoil ASA has let a long-term contract to Prezioso Linjebygg AS of France to provide insulation, scaffolding, and surface treatment (ISO) maintenance services at the Sture and Kollsnes processing plants in western Norway. Source: News
Antero increases Marcellus focus due to Utica ‘transportation constraints’
Antero Resources Corp., Denver, reported that it will further shift activity to the Marcellus from the Utica in 2016 due to “firm transportation constraints” in the Ohio shale play. Source: News