The massive investment into liquid natural gas (LNG) over the past decade has resulted in the development of a new export industry. It may finally start to pay off over the next few years.
A frenzy of drilling in shale gas fields across the country over the past decade has put the US within arm’s reach of achieving energy independence. Gas prices are at record lows, and electricity prices are falling. The US economy is booming right now.
Drillers in the US are pumping record levels of oil and gas. The US is on track to be a net exporter of natural gas in 2018 — for the first time ever
Origin Energy Ltd [ASX:ORG] rose 3.77% today, to a high of $6.60 a share. But they weren’t the only energy provider that saw their share price climb.
The east coast energy crisis is a part of a larger problem engulfing Australia’s energy and power infrastructure. South Australia is at the centre of it.
Oil will be increasingly obsolete in this newfangled, technology-rich economy — or so the thinking goes. But there are still profits to be made in energy.
Worley Parsons [ASX:WOR] is a contract engineering company primarily providing services to the oil and gas industry.
You probably heard, OPEC stuck to its word and agreed to cut crude oil production. What followed was the biggest short squeeze since 2009. So, what’s next?
OPEC has claimed it will ‘freeze’ crude oil supplies all year. It’s a manipulative tactic, aimed to artificially drive up crude prices.
Unfortunately for OPEC, their manipulation has started to prove counter-cyclical. The crude oil price surge looks ready to backfire.