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EIA projects energy consumption in air transportation to increase through 2050

Despite oil and oil-equivalent production rising by 3% (driven by shale liquids production in the Permian), the fall was largely due to lower crude prices. BP's net profit fell 39.7% - beating expectations on lower upstream earnings and weaker oil prices. Quarterly profits were down by 15%, with ...

Hui Shan


Posted 8 months agoLink > ConsumptionDemandLiquid Fuels +2

Associated gas contributes to growth in U.S. natural gas production

A growing share of U.S. natural gas production is associated-dissolved natural gas (natural gas produced from oil wells), which is the result of increased crude oil production from low permeability, tight rock formations—Permian, Bakken, Eagle Ford, Niobrara, and Anadarko. In 2018, associated-dis ...

Hui Shan


Posted 8 months agoLink > ProductionsupplyEIA

Your Weekly Update: 28 October - 1 November 2019

As global deepwater activity regains favour, with blockbuster discoveries such as Guyana's Liza discovery in 2015, the need for versatile FPSOs that can go where new oil is has been rising. Brazil, through Petrobras, is already the world's largest operator of FPSOs, with almost 50 vessels plying ...

Hui Shan


Posted 9 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Offshore Production & Storage Regains Its Buoyancy

As global deepwater activity regains favour, with blockbuster discoveries such as Guyana's Liza discovery in 2015, the need for versatile FPSOs that can go where new oil is has been rising. Brazil, through Petrobras, is already the world's largest operator of FPSOs, with almost 50 vessels plying ...

Hui Shan


Posted 9 months agoLink > FPSOFSOfloaters +6

Singapore Sticking with Natural Gas

Natural gas will continue to play a dominant role in generating electricity in Singapore while the state plans to accelerate the use of renewable energy, primarily solar power, in the next decade to battle climate change, a senior government official said. To address these challenges, Singapore a ...

Hui Shan


Posted 9 months agoLink

Most utility-scale batteries in the United States are made of lithium-ion

At the end of 2018, the United States had 862 MW of operating utility-scale battery storage power capacity and 1,236 MWh of battery energy capacity. In 2017, two vanadium flow battery systems were installed in the United States, totaling 4.4 MW of power capacity and 16 MWh of energy capacity. As ...

Hui Shan


Posted 9 months agoLink > StorageElectricitypower plants +1

EIA projects that natural gas consumption in Asia will continue to outpace supply

According to the U.S. Energy Information Administration's (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especi ...

Hui Shan


Posted 9 months agoLink > ConsumptionDemandInternational +5

Your Weekly Update: 21 - 25 October 2019

Distillate remained the largest U.S. petroleum product export in the first half of 2019, averaging 1.3 million b/d, an increase of 60,000 b/d (5%) compared with the first half of 2018. Propane was the second-largest U.S. petroleum product export in the first half of 2019, at 1.03 million b/d, an ...

Hui Shan


Posted 9 months agoLink > Oiloil and gas newsOil and Gas Industry +7

U.S. petroleum product exports rose slightly in the first half of 2019

Distillate remained the largest U.S. petroleum product export in the first half of 2019, averaging 1.3 million b/d, an increase of 60,000 b/d (5%) compared with the first half of 2018. Propane was the second-largest U.S. petroleum product export in the first half of 2019, at 1.03 million b/d, an ...

Hui Shan


Posted 9 months agoLink > Distillate FuelexportsImports +4

Stainless Steel Elbow 90 Degree LR PE Coating ASTM A403 WP316 | ZIZI

We manufacture and export stainless steel pipes & fittings with  3 Layer PE coating in standard of DIN 30670, the mainly fittings are elbow, tee and reducer. The present standard specifies requirements for coatings that are applied to longitudinally or spirally welded or seamless steel pipes and ...

Jerry Zhao


Posted 9 months agoLink > stainless steelPolyethylenestainless steel pipe

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 9 months agoLink > ProductionsupplyConsumption +9

The United States now exports crude oil to more destinations than it imports from

As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increase ...

Hui Shan


Posted 9 months agoLink > exportsImportsCrude oil +5

Recalibrating Singapore’s Offshore Marine Industry

The state investment firm Temasek Holdings has made an offer to purchase control of Singaporean conglomerate Keppel Corp for S$4.1 billion. The deal would be through Temasek's wholly-owned subsidiary Kyanite Investment Holdings, offering S$7.35 per share of Keppel Corp, a 26% premium of the trade ...

Hui Shan


Posted 9 months agoLink > KeppelSembawangTemasek +5

Global energy consumption driven by more electricity in residential, commercial buildings

In countries that are not part of the Organization for Economic Cooperation and Development (non-OECD countries), EIA projects that energy consumed in buildings will grow by more than 2% per year, or about five times the rate of OECD countries. As the quality of life in emerging economies improve ...

Hui Shan


Posted 9 months agoLink > residentialCommercialConsumption +6

Natural gas inventories surpass five-year average for the first time in two years

When determining whether natural gas inventories are relatively high or low, EIA uses the average inventories for that same week in each of the previous five years. Throughout the 2019 refill season, record levels of U.S. natural gas production led to relatively high injections of natural gas int ...

Hui Shan


Posted 9 months agoLink > Storagenatural gasInventories +1
Last fetch 8/4/2020 2:50:49 PM