Energy Expo speaker details how economics globally, and in China in particular, combined to allow natural gas to replace coal at the top of the fuel chain.
The production cut deals are expected to mitigate the global oil supply glut to a certain degree. As a result, OPEC production in 2017 is expected to drop by 600,000 bbl/d.
Babst Calland cites regulatory and consolidation challenges that beset operators in the Marcellus and Utica.
The combined gas reserves in the Gulf Cooperation Council (GCC) is about 1,500 Tcf, but much of the reserve is associated gas and expensive to extract.
CAPP survey shows that global customers favor Canada oil because of country’s climate change policies.
CERI speakers note the lack of government incentives offered by Canada for investment in petrochemical projects.