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TODAY IN ENERGY: In the United States, most petroleum is consumed in transportation

Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...

Hui Shan


Posted 9 months agoLink > transportationConsumptionDemand +3

Your Weekly Update: 29 July - 2 August 2019

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


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

TODAY IN ENERGY: Texas ranks first in U.S.-installed wind capacity and number of turbines

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 9 months agoLink > windTexasstates +2

TODAY IN ENERGY: Texas ranks first in U.S.-installed wind capacity and number of turbines

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 9 months agoLink

Chevron & Venezuela – Together Still

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


Posted 9 months agoLink > TrumpVenezuelaGuaido +10

TODAY IN ENERGY: U.S. LNG exports to Europe increase amid declining demand and spot LNG prices in Asia

A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...

Hui Shan


Posted 10 months agoLink > pricesConsumptionDemand +9

TODAY IN ENERGY: More U.S. coal-fired power plants are decommissioning as retirements continue

Plant owners intend to retire another 17 GW of coal-fired capacity by 2025, according to the U.S. Energy Information Administration's (EIA) Preliminary Monthly Electric Generator Inventory. After a coal unit retires, the power plant site goes through a complex, multi-year process that includes de ...

Hui Shan


Posted 10 months agoLink > CoalElectricitygenerating capacity +3

Kenya to #MakeEnergyWork as it launches Africa’s largest wind farm

Kenya has launched Africa's largest wind farm project in a bid to boost the country's power generation capacity and reach its goal of 100 percent renewable energy generation by 2030. “The successful implementation of Lake Turkana Wind Power demonstrates Kenya's outstanding credentials as an inves ...

Aydanur Akkurt - Africa Oil & Power


Posted 10 months agoLink > KenyawindPower +2

South Africa sets gas plans in motion with new LNG import terminal

State-owned freight logistics firm, Transnet, said on Tuesday that it had signed a cost-sharing agreement with the World Bank's International Finance Corporation (IFC) to conclude a feasibility study for the development of a liquified natural gas (LNG) storage and regasification terminal at the Po ...

Aydanur Akkurt - Africa Oil & Power


Posted 10 months agoLink > South Africagasrenewables +1

Your Weekly Update: 22 - 26 July 2019

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 10 months agoLink > Oiloil and gas newsOil and Gas Industry +7

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


Posted 10 months agoLink > InternationalChinaSaudi Arabia +7

Did Occidental Overpay for Anadarko?

Now that Occidental Petroleum has beaten Chevron to the acquisition of Anadarko Petroleum – and the strategic assets it holds in the prolific Permian Basin – one would think that the deal is cut-and-dry. The Occidental purchase of Anadarko had all the signs of a classic takeover battle, swooping ...

Hui Shan


Posted 10 months agoLink > OxyOccidentalanadarko +6

TODAY IN ENERGY: The Suez Canal and SUMED Pipeline are critical chokepoints for oil and natural gas trade

The Suez Canal and the SUMED Pipeline are strategic routes for Persian Gulf crude oil, petroleum products, and liquefied natural gas (LNG) shipments to Europe and North America. Total oil flows through the Suez Canal and the SUMED pipeline accounted for about 9% of total seaborne traded petroleum ...

Hui Shan


Posted 10 months agoLink > natural gasPipelinesLiquid Fuels +5

Your Weekly Update: 15 - 19 July 2019

EIA differentiates among declines in production resulting from unplanned production outages, permanent losses of production capacity, and voluntary production cutbacks for OPEC members. As an example, EIA considers Iranian production declines that result from U.S. sanctions to be unplanned produc ...

Hui Shan


Posted 10 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 10 months agoLink > Productionsupplyoutages +5
Last fetch 5/30/2020 9:19:46 AM