Natural Gas News – March 8, 2019

Natural Gas News – March 8, 2019

U.S. Oil And Natural Gas Led For New Energy Jobs in 2018

Forbes reported : A joint project from the National Association of State Energy Officials and Energy Futures Initiative, the new must read for the American job market is out: The 2019 U.S. Energy and Employment Report. With all time records being set for total Americans in the labor force, energy continues to outpace the other sectors in terms of new hires. Our energy jobs boom begins with oil and natural gas, together supplying nearly 65% of all the energy that enables our $21 trillion economy. As compared to 2017, U.S. crude oil and gas production boomed 16.3% and 12% respectively in 2018, so the jobs followed. Making this even more impressive, oil prices collapsed 25% to $45 per barrel from beginning to end 2018, which lowers revenues and actually works to hamper new hires. Crude, however, has its best start to a year ever so far in 2019, with prices up 20% or so since the start of the year. For more on this story visit forbes.com or click https://bit.ly/2J0Xfyp

Saudi Arabia Says Large Gas Reserves Found In Red Sea

Oil Price reports: Large volumes of natural gas have been found in the Red Sea, according to the official Saudi Press Agency (SPA) which quoted Saudi Arabia’s Energy Minister Khalid al-Falih as saying. Saudi oil giant Aramco is considering opportunities for acquisitions of liquefied natural gas (LNG) projects in the United States, al-Falih has also said, according to a Reuters summary of SPA’s news item. In January this year, Saudi Aramco’s chief executive Amin Nasser told Reuters in an interviewthat the oil firm was looking to spend billions of U.S. dollars on natural gas acquisitions in the United States as part of Aramco’s strategy to bolster its gas business and become a global natural gas player. Last week, Nasser said at an industry event in London that Saudi Arabia aims to export as much as 3 billion cubic feet of gas per day by 2030 as part of its goal to boost the international footprint of its natural gas business. For more on this story visit oilprice.com or click https://bit.ly/2TD86T4

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