Gas
![Gas](/cache/05-20/price-435.9873ca9c.jpg)
2020, May, 25, 12:45:00
U.S. ENERGY MARKET DOWN
Oil markets are being significantly disrupted due to global market dynamics and the coronavirus pandemic, the oil price crash was "causing financial and credit challenges, including oil company bankruptcies."
![Gas](/cache/05-20/usa-178.19bcefed.jpg)
2020, May, 25, 12:15:00
U.S. RIGS DOWN 21 TO 318
U.S. Rig Count is down 21 rigs from last week to 318, Canada Rig Count is down 2 rigs from last week to 21
![Gas](/cache/05-20/finance-2.5b3a21ee.jpg)
2020, May, 22, 13:10:00
OIL & GAS: THE RETURN OF EQUITY 6%
The return on equity for energy companies and U.S. manufacturing decreased to 6% and 13%, respectively, in 2019
![Gas](/cache/05-20/gas-185.d12be4d7.jpg)
2020, May, 22, 12:50:00
U.S. LNG CANCELED
The July cancellations, roughly double what was reported for June, represent nearly two-thirds the average volume of US LNG that was produced monthly when the coronavirus began to spread globally in January,
![Gas](/cache/05-20/price-432.f8a64c40.jpg)
2020, May, 22, 12:45:00
QATAR'S LNG PRODUCTION: NO WAY
Global gas prices have plunged to record lows in the past weeks due to an oversupplied market and reduced demand due in part to the coronavirus pandemic.
![Gas](/cache/05-20/nord-stream-105.a4c99cec.jpg)
2020, May, 21, 12:40:00
NORD STREAM 2 LOOSES
Nord Stream 2 has until June 14 to appeal the BNetzA decision.
![Gas](/cache/05-20/usa-173.05103b9b.jpg)
2020, May, 21, 12:35:00
U.S. RIGS: THE LOWEST LEVEL
Producers were operating the fewest oil and natural gas drilling rigs on record in the United States at 339 on May 12, the lowest level in the Baker Hughes Company’s rig count data series that dates back to 1987.
![Gas](/cache/05-20/norway-35.387b6f39.jpg)
2020, May, 21, 12:15:00
NORWAY'S OIL & GAS PRODUCTION 2.117 MBD
Norway's preliminary production figures for April 2020 show an average daily production of 2 117 000 barrels of oil, NGL and condensate,
![Gas](/cache/05-20/gas-184.e456934b.jpg)
2020, May, 20, 11:35:00
GAS DEMAND WILL DROP 2%
Global gas demand to total close to 3,878 billion cubic meters (Bcm) in 2020, down from 3,951 Bcm last year. In its pre-Covid-19 estimates, this year’s natural gas demand was expected to grow to 4,038 Bcm.
![Gas](/cache/05-20/lng-238.b7f9ec14.jpg)
2020, May, 20, 11:30:00
ASIA'S LNG CLOSING
Asia's projects were meant to usher in the next wave of LNG demand, based off economic growth and electricity demand projections in the pre-COVID 19 era.
![Gas](/cache/05-20/lng-236.c7f060de.jpg)
2020, May, 20, 11:25:00
GLOBAL WEAKNESS OF LNG
LNG developers have started relooking at their strategies and capex plans for 2020.
![Gas](/cache/05-20/gas-183.62955a33.jpg)
2020, May, 20, 11:20:00
RUSSIA, POLAND: NO GAS TRANSIT
Gazprom will not renew a gas transit deal with Poland, which expires in May 2020.
![Gas](/cache/05-20/lng-237.ce6e17b4.jpg)
2020, May, 20, 11:05:00
THE NEW NIGERIA'S LNG
Nigeria LNG took a major step forward by signing the EPC contract for its Train 7
![Gas](/cache/05-20/price-423.f8a4d627.jpg)
2020, May, 19, 11:55:00
OIL&GAS INDUSTRY: THE NEXT TRANSFORMATION
To change the current paradigm, the industry will need to dig deep and tap its proud history of bold structural moves, innovation, and safe and profitable operations in the toughest conditions. The winners will be those that use this crisis to boldly reposition their portfolios and transform their operating models. Companies that don’t will restructure or inevitably atrophy.
![Gas](/cache/05-20/usa-166.ffaca852.jpg)
2020, May, 19, 11:50:00
U.S. PRODUCTION: OIL (-197) TBD, GAS (-779) MCFD
Crude oil production from the major US onshore regions is forecast to decrease 197,000 b/d month-over-month in May from 8,019 to 7,822 thousand barrels/day, gas production to decrease 779 million cubic feet/day from 82,249 to 81,470 million cubic feet/day .