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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 22 days 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 22 days 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 24 days 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 25 days 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 26 days 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 26 days 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 1 month 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 1 month agoLink > Productionsupplyoutages +5

The Strait of Hormuz and Oil Prices

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 1 month agoLink > IranWaroil price +7

Your Weekly Update: 8 - 12 July 2019

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 1 month agoLink > Oiloil and gas newsOil and Gas Industry +7

TODAY IN ENERGY: U.S. utility-scale battery storage power capacity to grow substantially by 2023

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 1 month agoLink > StorageElectricityEnergy +1

This Week in Petroleum: Crude oil prices are forecast to remain relatively flat

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


Posted 1 month agoLink > OilpetroleumSTEO +2

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyConsumption +6

Re-awakening the Neutral Zone

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 1 month agoLink > saudiKuwaitNeutral Zone +5

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyEIA +5
Last fetch 8/19/2019 7:20:12 PM