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gasfacts2019

The three LNG plants on Curtis Island near Gladstone in Queensland are unlikely to ever fulfill their combined nameplate capacity of 25.3 million tonnes/year, according to a new study by Adelaide-based energy analyst EnergyQuest. The problem is a shortage of coal seam gas (CSG) reserves on which they rely.

Gran Tierra Energy agreed with private companies to acquire assets in Colombia’s Putumayo and Llanos basins for $104.2 million.

Scott D. Sheffield has assumed his former role as chief executive officer of Pioneer Natural Resources Co., Dallas, succeeding Timothy L. Dove, who has retired as CEO and from his seat on the board.

Light, sweet crude oil prices fell to their lowest level in more than a week on the New York market Feb. 7 on what analysts called concerns about world economics that could slow oil demand. The Bank of England warned of a world economic slowdown. Meanwhile, a White House economic adviser told Fox Business Network that US-China negotiations are not close to reaching a trade agreement. China is a major oil consumer.

Michael K. McFadyen, executive vice-president, offshore, of Murphy Oil, will assume responsibility for exploration following the Feb. 28 retirement of Eugene T. Coleman, executive vice-president, exploration and business development. The responsibility for business development will be assumed by David R. Looney, executive vice-president and chief financial officer.

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