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Murphy Oil Returns Home

The first official glimpse of Saudi Aramco's financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp. But accounts published bef ...

Hui Shan


Posted 2 months agoLink > Murphy OilMalaysiaRepsol +5

Your Weekly Update: 25 - 29 March 2019

EIA's Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. EIA projects f ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Is The Saudi - Russia Oil Bromance Souring?

Prior to the meeting, Saudi Arabia had gone on record to state that the Kingdom believed that OPEC's job in rebalancing the oil market was far from over and that output cuts were necessary to continue into the second half of 2019. In the past, Saudi Arabia would most likely to be able to bully it ...

Hui Shan


Posted 2 months agoLink > OPECsaudiRussia +3

Your Weekly Update: 18 - 22 March 2019

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


Posted 3 months agoLink > Oiloil and gas newsOil and Gas Industry +7

ConocoPhillips vs PDVSA - Round 2

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


Posted 3 months agoLink > VenezuelaPDVSAConocoPhillips +4

Your Weekly Update: 11 - 15 March 2019

In 2017, Norway's Government Pension Fund Global – also known as the Oil Fund – proposed a complete divestment of oil and gas shares from its massive portfolio. Players like Anadarko Petroleum, Chesapeake Energy, CNOOC, Premier Oil, Soco International and Tullow Oil will now no longer receive any ...

Hui Shan


Posted 3 months agoLink > OilOil and GasOil and Gas Industry +7

5 Common Reasons of Construction Project Failure

In our previous article, we highlighted the facts about construction project management, and from there were able to demonstrate that there is a high rate of failure within the industry. Project work goes ahead as planned and estimatedThere are some articles that point to a high failure in projec ...

Janno Soon


Posted 3 months agoLink > Project Managementproject managerProject Managers +2

Norway’s Retreat in Oil Investments – Politics or Economics?

In 2017, Norway's Government Pension Fund Global – also known as the Oil Fund – proposed a complete divestment of oil and gas shares from its massive portfolio. Players like Anadarko Petroleum, Chesapeake Energy, CNOOC, Premier Oil, Soco International and Tullow Oil will now no longer receive any ...

Hui Shan


Posted 3 months agoLink

Your Weekly Update: 4 - 8 March 2019

Virtual field trips to carbonate outcrops in the Middle East are planned, but filming when the sun is high in bright conditions will produce numerous areas of deep shade contrasting with brightly lit areas, creating extensive processing problems. Using VR field trips to illustrate various aspects ...

Hui Shan


Posted 3 months agoLink > Oiloil and gas newsOil and Gas Industry +7

World Class Discoveries in the Eastern Mediterranean

Last week, Cyprus announced a huge natural gas find in Block 10, with ExxonMobil – together with Qatar Petroleum - estimating that the ‘world-class discovery' potentially holds up to 8 trillion cubic feet of natural gas. Coupled with the Block 10 discovery – and promising geology in Block 7, wher ...

Hui Shan


Posted 3 months agoLink > Eastern MediterraneanCyprusExxon +5

Your Weekly Update: 25 February - 1 March 2019

A few weeks ago, energy supermajor BP made a US$5 million investment in Belmont Technology, a Houston-based artificial intelligence (AI) start-up. In the investment in Belmont Technology, BP is hoping to apply its AI cloud-based geoscience platform for more accurate lifecycle projections in explo ...

Hui Shan


Posted 3 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Digitisation of Big Oil

A few weeks ago, energy supermajor BP made a US$5 million investment in Belmont Technology, a Houston-based artificial intelligence (AI) start-up. In the investment in Belmont Technology, BP is hoping to apply its AI cloud-based geoscience platform for more accurate lifecycle projections in explo ...

Hui Shan


Posted 3 months agoLink > cloudaimachine learning +10

Crude Oil Prices: Changing Gear

Russia and Saudi Arabia both making new pledges on supply cuts comes despite supply issues elsewhere in OPEC, which could have provided some cushion for smaller cuts. Iranian production remains constrained by new American sanctions; targeted waivers have provided some relief – and indeed Iranian ...

Hui Shan


Posted 3 months agoLink > CrudeOil pricesBrent +5

Your Weekly Update: 18 - 22 February 2019

Russia and Saudi Arabia both making new pledges on supply cuts comes despite supply issues elsewhere in OPEC, which could have provided some cushion for smaller cuts. Iranian production remains constrained by new American sanctions; targeted waivers have provided some relief – and indeed Iranian ...

Hui Shan


Posted 3 months agoLink > Oiloil and gas newsOil and Gas Industry +7
Last fetch 6/25/2019 12:38:33 AM