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Key Upstream Positive Developments Since April 2020

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 1 month agoLink > OPECRussiaoil price +5

2019 U.S. coal production falls to its lowest level since 1978

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 1 month agoLink > ProductionsupplyCoal +4

Financial Review: First-Quarter 2020

With just over two weeks to go before the largest coordinated crude oil supply cut in the world is set to expire, the 23-nation club that is OPEC+ gathered to discuss that very issue. OPEC itself predicts that world oil demand by rebound by 7 mmb/d in 2021 from an average of 90 mmb/d in 2020, wit ...

Hui Shan


Posted 2 months agoLink > MarketFinancefinancial review +6

OPEC And The Journey Back to Normal

With just over two weeks to go before the largest coordinated crude oil supply cut in the world is set to expire, the 23-nation club that is OPEC+ gathered to discuss that very issue. OPEC itself predicts that world oil demand by rebound by 7 mmb/d in 2021 from an average of 90 mmb/d in 2020, wit ...

Hui Shan


Posted 2 months agoLink > OPECsaudiRussia +4

A Tale of Two Divestments: BP & Shell

Two major sales by supermajors have captured the headlines recently: BP's exit from the petrochemicals sector through a sale to INEOS, and Shell reaffirming its desire to sell its 35% stake in the Abadi LNG project in Indonesia. But BP's footprint in the petrochemicals business has been shrinking ...

Hui Shan


Posted 2 months agoLink > ShellIndonesiaChevron +6

TODAY IN ENERGY: Drop in petroleum demand led to rise in crude oil inventories and low refinery utilization

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 2 months agoLink > ConsumptionDemandLiquid Fuels +6

U.S. natural gas exports to Mexico set to rise with completion of the Wahalajara system

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 2 months agoLink > natural gasPipelinesexports +4

The Oil World’s Ongoing Impairments

Either way, this has thrown a spanner in the works of the giant, multi-billion oil and gas projects that were announced over the past two years as the energy world began to wake up from its post-2015 price crash investment hibernation. Further impairments were made in April 2020 when the Q1 finan ...

Hui Shan


Posted 2 months agoLink > ExxonMobilShellBP +5

Changing Investment Winds In The Middle East

The latest headline involving ADNOC, Abu Dhabi's state oil firm, hasn't really made the rounds beyond the industry's eyes but it is crucial to understanding how the Middle East oil sector could adapt to the changing industry over the next few decades. Then late 2019, ADNOC partnered with Italy's ...

Hui Shan


Posted 2 months agoLink > Abu DhabiADNOCinvestment +4

Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 3 months agoLink > ImportsProductionUnited States +3

The Future of North West Shelf LNG in Australia Turns

Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...

Hui Shan


Posted 3 months agoLink > LNGShellAustralia +4

Dealing with Pipe Corrosion in the Oil and Gas Industry

Types of Pipe CorrosionThere are three types of external corrosion:General corrosion – Where a large surface area is corrodedLocalized corrosion or pitting – Isolated corroded spotsCrevice corrosion – Corrosion around welds, flanges, and seams. There are many factors involved, from price to quali ...

Israel Luna


Posted 3 months agoLink

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 3 months agoLink > ExxonMobilShellBP +9
Last fetch 9/25/2020 1:58:23 PM