New Mexico Oil Production HUGE

Energy News Beat Podcast

New Mexico Oil Production HUGE

August 28, 2024

In this episode of the Energy News Beat Daily Standup, the hosts, Michael Tanner and Stuart Turley discuss several key topics, including the rise of renewables to 14.6% of global energy consumption in 2023, Norway's surge in natural gas exports, New Zealand reversing its ban on offshore oil and gas exploration due to an energy shortage, and the increasing significance of two counties in New Mexico for U.S. oil production. They also touch on declining LNG shipping rates and regional differences in natural gas markets, with U.S. prices being weak compared to higher prices in Europe and Asia.

Highlights of the Podcast

00:00 - Intro

01:08 - Renewables Accounted for 14.6% of Global Energy Consumption in 2023

02:57 - Visualizing the Renewable Energy Landscape Across G20 Countries

04:36 - Norway’s Natural Gas Exports Surge in 2024

06:22 - New Zealand to Reverse Ban on Offshore Oil and Gas Exploration

07:56 - US Oil Dominance Hinges on Quiet Corner of New Mexico

11:05 - Markets Update

13:55 - Spot LNG shipping rates, European prices continue to drop

16:08 - Outro

Please see the links below or articles that we discuss in the podcast.