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2014-10-21 00:20:43

SINGAPORE, October 21, 2014 /PRNewswire/ -- Asian spot prices fell in the first half of October as the region struggled to absorb abundant supply of liquefied natural gas (LNG) from the Pacific basin amid weak demand fundamentals. Falling crude oil prices also weighed on the near curve, as buyers anticipated lower contractual rates later in the winter. The ICIS November '14 East Asia Index (EAX) was assessed at $13.950/MMBtu on 15 October, having shed $0.775/MMBtu from...

2014-10-17 04:21:02

Despite month-over-month gains, uptrend appeared short-lived as inventories build up SINGAPORE, Oct. 17, 2014 /PRNewswire/ -- Prices of spot liquefied natural gas (LNG) for November delivery to Asia increased 12.4% month over month to average $14.426 per million British thermal units (/MMBtu), according to the latest Platts Japan/Korea Marker (Platts JKM(TM)) for month-ahead delivery. The marker moved up for the second month in a row, as buyers were drawn back into the market to...

2014-10-15 20:21:12

Up 400,000 Barrels Per Day from August, Led by Libyan Output Recovery LONDON, Oct. 15, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) totaled 30.6 million barrels per day (b/d) in September, up 400,000 b/d from August and the highest level since December 2013 when the oil producer group pumped an average 30.65 million b/d, according to the latest Platts survey of OPEC and oil industry officials and analysts. A further...

2014-10-14 16:23:09

DENVER, Oct. 14, 2014 /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") announced third quarter 2014 operational highlights today. -- Third quarter 2014 average net daily gas equivalent production was 1,080 MMcfe/d, a 91% increase over the prior year quarter and a 21% increase sequentially -- Third quarter 2014 average net daily liquids production was 25,000 Bbl/d, a 217% increase over the prior year quarter and a 24% increase...

2014-10-02 12:23:57

LONDON, Oct. 2, 2014 /PRNewswire/ -- The global oil and gas storage industry is expected to experience growth in the coming future although the same cannot be said for all the markets worldwide. The current important trend in the oil and gas storage market is that as a result of increased logistics activity in the oil and gas sector due to increasing international and domestic trades, the demand for oil and gas storage capacity is witnessing a rise at the major global supply hubs. The...

2014-09-16 12:21:57

DUBLIN, Sept. 16, 2014 /PRNewswire/ -- Research and Markets has announced the addition of the "Oil and Gas Analytics Market by Software, by Deployment Model, by Services, and by Regions - Forecasts and Analysis (2014 - 2019)" report to their offering. http://photos.prnewswire.com/prnvar/20130307/600769 The human advancements in the fields of lifestyle, travel and transportation are responsible for the resultant need of greater oil consumption. The staggering oil productions in the previous...

2014-08-28 12:23:33

Focused on Optimising Production HONG KONG, Aug. 28, 2014 /PRNewswire/ -- Sinopec Shanghai Petrochemical Company Limited ("Shanghai Petrochemical" or the "Company") (HKEx: 00338; SSE: 600688; NYSE: SHI) today announced the unaudited operating results of the Company and its subsidiaries (the "Group") prepared under International Financial Reporting Standards ("IFRS") for the six months ended 30 June, 2014 (the "Period"). According to IFRS, turnover for the Group for the Period...

2014-08-22 00:20:42

Platts and Oil Marketplace Eye Likely Need for Free-On-Board Straits Price Reference SINGAPORE, Aug. 22, 2014 /PRNewswire/ -- The expansion of Singapore as a leading Asia-Pacific energy hub, combined with the country's moratorium on the development of further onshore storage, has led to the hub expanding beyond national borders to encompass infrastructure in Malaysia, according to the Platts Special Report "FOB Singapore Beyond Singapore -Towards FOB Straits" released at the Platts...

2014-08-06 16:23:30

HOUSTON, Aug. 6, 2014 /PRNewswire/ -- Sanchez Energy Corporation (NYSE: SN) (the "Company" or "Sanchez Energy"), today announced the Company's operating and financial results for the second quarter 2014, which included the following highlights: HIGHLIGHTS FOR SECOND QUARTER 2014 -- Record revenues of $151.7 million, an increase of 157% over the same period a year ago -- Adjusted EBITDA, a non-GAAP financial measure defined below, of $112.5 million, an increase of...

2014-07-31 08:26:19

HOUSTON, July 31, 2014 /PRNewswire/ -- Ultra Petroleum Corp. (NYSE: UPL) today reported financial and operating performance for the second quarter of 2014. Highlights for the quarter include: -- Earnings of $81.2 million, or $0.52 per diluted share - adjusted((2)) -- Generated operating cash flow((1)) of $145.1 million, or $0.94 per diluted share -- Produced 58.5 Bcfe of natural gas and oil -- Increased oil production 154 percent year over year -- Generated...


Word of the Day
negawatt
  • A unit of saved energy.
Coined by Amory Lovins, chairman of the Rocky Mountain Institute as a contraction of negative watt on the model of similar compounds like megawatt.