Algeria will struggle to halt gas production slide

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Oil Production ◽  
Poor Performance ◽  
Gas Production ◽  
Content Type ◽  
The Poor ◽  
Local Opposition ◽  
Limited Scope ◽  
Petrochemical Industries

Significance This drag on the economy stems mainly from the poor performance of the natural gas sector, as investment in new projects has been inadequate to compensate for the decline in output from mature fields. Impacts Natural gas might be a driver of growth, despite limited scope to increase oil production due to depleted reserves. Development of Algeria’s abundant reserves of shale gas may face strong local opposition. Increased gas production could facilitate progress on long-stalled plans to expand fertiliser and petrochemical industries.

Fracking may be key to meeting Colombia's gas demand

2016 ◽  
Keyword(s):  
Natural Gas ◽  
Shale Gas ◽  
Gas Production ◽  
Annual Rate ◽  
Natural Gas Production ◽  
Content Type ◽  
The Past ◽  
Political Uncertainties

Subject Potential for the development of shale gas in Colombia. Significance Colombia's gas demand has risen steadily over the past decade, but its natural gas production appears to have peaked, falling from 12.6 billion cubic metres (bcm) in 2013 to 11.8 bcm in 2014. The trend has continued this year. Gas production was down 7.3% year-on-year in March to 29.9 million cubic metres (mcm) per day, equivalent to an annual rate of less than 10 bcm. Impacts Given the economic and political uncertainties in Venezuela, Colombia cannot rely on Venezuelan gas imports. Electricity shortages will increase pressure on President Juan Manuel Santos and may lead to protests. Colombia could come to rely more on LNG imports as a stopgap measure while shale gas is developed.

The performance of equity unit investment trusts

2019 ◽  
Vol 45 (4) ◽  
pp. 470-483 ◽  
Author(s):  
George Comer ◽  
Javier Rodriguez
Keyword(s):  
Design Methodology ◽  
Poor Performance ◽  
Content Type ◽  
Academic Literature ◽  
Daily Return ◽  
Poor Risk ◽  
Investment Trusts ◽  
The Poor ◽  
Fixed Period ◽  
Return Data

Purpose The purpose of this paper is to examine the risk adjusted performance of unit investment trusts (UITs). These UITs are a unique investment vehicle in that the trusts invest in a fixed portfolio of stocks for a predetermined period of time and hold limited cash positions. Design/methodology/approach Using a sample of 1,487 UITs from January 2004 to December 2013, the authors estimate the risk adjusted performance of the UITs. The authors use daily return data and four different returns based models to measure the alphas of the UITs. Findings The authors find that before fees and expenses the UITs generate significant negative alphas. The authors also find that observable trust characteristics are unable to explain the poor risk adjusted performance of the trusts. Originality/value Despite $85bn being invested in these unique buy and hold vehicles, the academic literature has not examined the risk adjusted performance of the trusts. The poor performance of these trusts indicates that restricting flexibility and maintaining full investment for a fixed period of time may not be beneficial to investors.

Natural Gas Markets in Asia: From Callow Youth to Maturity

1992 ◽  
Vol 10 (2) ◽  
pp. 131-140
Author(s):  
Donald I. Hertzmark
Keyword(s):  
Natural Gas ◽  
Southeast Asia ◽  
Energy Use ◽  
Oil Production ◽  
Gas Production ◽  
Fuel Oil ◽  
Leading Role ◽  
Residual Fuel Oil ◽  
Oil Markets

In the 1980s, Asian energy markets expanded at a rapid rate to meet the surge in demand from Japan, Korea, and Taiwan. This demand boom coincided with an increase in non-OPEC oil production in the region. As oil production stabilizes, demand looks set to rise sharply, this time in the new Newly Industrialized Countries of Southeast Asia, Thailand, Malaysia, and Indonesia. Natural gas will play a key role in this expansion of energy use and could start to lead rather than follow oil markets. The leading role of natural gas will be especially strong if gas starts to make inroads in the high and middle ends of the barrel with oxygenated gasoline and compressed natural gas for trucks. At the bottom of the barrel, natural gas could increasingly usurp the role of residual fuel oil for environmental reasons. At the same time, regional refiners could find that residual oil is their leading source of additional feed for the new process units currently under discussion or planning. The supply outlook for natural gas is increasingly fraught with uncertainties as more of the region's supplies must come from distant areas. In particular, LNG supplies from Malaysia and Indonesia will need to be replaced by the early part of the next century as rising domestic demand eats into the exportable gas production. New sources include China, Siberia, Sakhalin Island, Papua New Guinea, and Canada. There will be intense competition to supply the Northeast Asian markets as the gas production in Southeast Asia is increasingly used within ASEAN.

Latin America's LNG drive could quickly lose momentum

2016 ◽  
Keyword(s):  
Energy Source ◽  
Natural Gas ◽  
Electricity Generation ◽  
Low Cost ◽  
Gas Storage ◽  
Gas Production ◽  
Liquefied Natural Gas ◽  
Content Type ◽  
Weather Phenomenon ◽  
Gas Balance

Subject Energy diversification efforts. Significance The El Nino weather phenomenon has laid bare the vulnerabilities of South America's dependence on hydropower. Gas has been the primary back-up, and liquefied natural gas (LNG) import capacity a strategic necessity (one which the northern part of the continent lacks). However, a recovery in Argentine gas production could eventually change the region's current gas balance, while the growth of renewables offers a new, indigenous, low-cost energy source. Impacts Investment in LNG import capacity and gas storage will continue. However, facilities face the threat of low utilisation as renewables capacity and domestic gas production increases. As one of the cheapest forms of electricity generation with a large amount of unexploited resource, hydropower will expand. States will gradually look towards other forms of system flexibility and grid resilience.

Inventories may drag on US natural gas prices

2016 ◽  
Keyword(s):  
United States ◽  
Natural Gas ◽  
The United States ◽  
Gas Production ◽  
Power Sector ◽  
Content Type ◽  
The Past ◽  
Natural Gas Prices

Significance US natural gas prices have surged over the past six weeks thanks to falling supply, strong demand from the power sector and rising exports. The uptick in prices has provided a glimmer of hope to gas producers in the United States, hard hit by a prolonged slump in prices. Impacts Declining gas production and rising demand will mean increased pipeline imports from Canada over the coming months. Mexico will pay higher prices for US natural gas imports as the Henry Hub benchmark, potentially hitting demand. US producers that have more gas-producing assets in their portfolio will benefit from rising prices.

Rwandan extractives push hinges on oil and governance

2018 ◽  
Keyword(s):  
Natural Gas ◽  
Value Chain ◽  
Strategic Plan ◽  
Gas Production ◽  
Fiscal Year ◽  
Local Exchange ◽  
Artisanal Mining ◽  
Content Type ◽  
Lake Kivu ◽  
New Energy

Subject Rwanda's extractives sector. Significance In late October, Rwanda’s Mines, Petroleum and Gas Board (RMB) announced that export revenues for the 2018/19 fiscal year are on target to reach 800 million dollars -- more than double the previous year’s total of 399 million. The RMB now aims to double revenues again, targeting exports reaching 1.5 billion dollars by 2024. Impacts Workers' unions could fight a de facto ban on artisanal mining in the recently amended mining code. Plans to grow revenues with interventions higher up the value chain (such as a local exchange for cut gemstones) may prove overambitious. The success of Rwanda’s new Energy Sector Strategic Plan will hinge on expanding natural gas production from Lake Kivu.

Quantitative Prediction of Radon Concentration at Wellhead in Shale Gas Development

SPE Journal ◽  
2016 ◽  
Vol 22 (01) ◽  
pp. 235-243 ◽  
Author(s):  
Wei Tian ◽  
Xingru Wu ◽  
Tong Shen ◽  
Zhenyu Zhang ◽  
Sumeer Kalra
Keyword(s):  
Natural Gas ◽  
Numerical Simulations ◽  
Shale Gas ◽  
Radon Concentration ◽  
Marcellus Shale ◽  
Gas Production ◽  
Influential Factors ◽  
Natural Fracture ◽  
Quantitative Prediction ◽  
Radon Gas

Summary Hydraulic fracturing has been applied as an effective method to increase gas production from shale formations; however, this method has also raised concerns about its adverse impacts on environment. For example, in the Marcellus shale formation, some measured radon-gas concentrations exceeded the safe standard. Therefore, it is important to quantitatively evaluate radon concentration from fractured wells. However, existing researches have not successfully conducted a systematic and predictive study on the relationship between shale gas production and radon concentration at the wellhead of a hydraulically fractured well. To address this issue and quantitatively determine the radon concentration, we present the mechanisms of radon-gas generation and releasing, and conducted numerical simulations on its transport process in the subsurface formation system. The concentration of radon in produced gas is related with the original sources where the natural gas is extracted. Radon, generated from the radium alpha decay process, is trapped in pore spaces before the reservoir development. With the fluid flowing through the subsurface network, released radon will move to surface with the produced streams such as natural gas and flowback water. Our study shows that the radon concentration at wellhead could be significant. Influential factors such as natural-fracture-network properties, formation petrophysical parameters, and fracture dimension are investigated with sensitivity studies through numerical simulations. Analysis results suggest that radon wellhead concentration is strongly related with production rate. Thus, careful production design and protection are necessary to reduce radon hazard regarding the public and environmental impact.

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