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Oiloil and gas newsOil and Gas IndustryLNGoil and gas companiesnewsweekly updatemarket watchmarket trendslatest oil and gas trendsT. Boone Pickens, the 'Oracle of Oil,' corporate raider and billionaire philanthropist, dies at 91
Pickens was known as a corporate raider in the 1980s, targeting Gulf Oil, Unocal and Phillips Petroleum, a company later targeted by Icahn. The companies became Mesa Petroleum, which Pickens took public in 1964 and became one of the largest independent oil and gas companies in the United States. ...This Week in Petroleum: EIA continues to revise 2019 global liquid fuels consumption forecast lower
In the September 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) revised its forecast for 2019 global liquid fuels consumption down to 100.8 million barrels per day (b/d), 0.1 million b/d lower than the August STEO and 0.7 million b/d lower tha ...The nonmetallic minerals industry is one of the world’s top energy users
In the industrial sector, the nonmetallic minerals industry is one of the largest energy users, accounting for 10% of global industrial sector energy use. The energy intensity of the nonmetallic minerals industry—energy consumed per unit of gross output—is higher than many other industries. By c ...Global refining: Profiting in a downstream downturn
Beyond 2025, 600 thousand barrels per day of distillation capacity and an equal amount of condensate splitters will be added to meet the region's continuing growth in demand for light product and naphtha. Europe will see the greatest downside, with light product demand starting to fall in 2021 an ...
Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian ...
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