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Opinion: The Energy to Make it Work | Petroleum Africa

BY: Guillaume Doane, CEO and Co-Founder of Africa Oil & PowerTHE AOP 2019 Conference in Cape Town in October will bring together African policymakers, energy sector companies leaders and analysts. In 2015, we launched Africa Oil & Power as a platform to support the efforts of African governments ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoLink > South AfricaKenyaGabon +7

Kaboom in World Oil Supply!

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 month agoLink > KSASaudi ArabiaTrump +6

This Week in Petroleum: Saudi Arabia crude oil production outage will affect global oil markets and U.S. gasoline prices

Crude oil markets will certainly continue to react to new information as it becomes available in the days and weeks ahead, but this disruption and the resulting changes in global crude oil prices will influence U.S. retail gasoline prices. Saudi Arabia can use these inventories to maintain a simi ...

Hui Shan


Posted 1 month agoLink > BrentCrude oilexports +7

Fossil fuels continue to account for the largest share of U.S. energy

The U.S. Energy Information Administration (EIA) publishes the U.S. total energy flow diagram to visualize U.S. energy from primary energy supply (production, imports, and stock withdrawals) to disposition (consumption and exports). The share of U.S. total energy production from fossil fuels peak ...

Hui Shan


Posted 1 month agoLink

Russia Is Heating Up The Arctic

Led by Russia's largest independent gas producer, the 19.8 million ton per annum project is also joined by Total, CNPC, CNOOC and the Japan Arctic LNG consortium (consisting of Mitsui & Co and JOGMEC). Novatek's ambitions call for up to 140 mtpa of LNG production in Gydan and Yamal, from its curr ...

Hui Shan


Posted 1 month agoLink > RussiaArcticNovatek +5

Natural gas and wind forecast to be fastest growing sources of U.S. electricity generation

These changes in capacity contribute to EIA's forecast that natural gas will fuel 39% of electricity generation in the PJM region in 2020, up from a share of 31% in 2018. EIA forecasts the Henry Hub natural gas price will fall by 21% in 2019, which contributes to EIA's expectation that ERCOT's na ...

Hui Shan


Posted 1 month agoLink > generationforecastsProjections +8

Your Weekly Update: 9 - 13 September 2019

Expansion in the gas and LNG markets continues, with LNG demand expected to increase 3.6 percent per year to 2035. Strong growth from these regions will more than offset the demand declines from the mature gas markets of Europe and Northeast Asia. LNG: Demand expected to grow 3.6 percent per ann ...

Hui Shan


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

Global gas and LNG outlook to 2035

The past year saw the natural-gas market grow at its fastest rate in almost a decade, supported by booming domestic markets in China and the United States and an expanding global gas trade to serve Asian markets. Strong growth from these regions will more than offset the demand declines from the ...

Hui Shan


Posted 1 month agoLink

TODAY IN ENERGY: U.S. natural gas production reaches a new record despite low prices

Pickens was known as a corporate raider in the 1980s, targeting Gulf Oil, Unocal and Phillips Petroleum, a company later targeted by Icahn. The companies became Mesa Petroleum, which Pickens took public in 1964 and became one of the largest independent oil and gas companies in the United States. ...

Hui Shan


Posted 1 month agoLink > Productionsupplynatural gas +3

T. Boone Pickens, the 'Oracle of Oil,' corporate raider and billionaire philanthropist, dies at 91

Pickens was known as a corporate raider in the 1980s, targeting Gulf Oil, Unocal and Phillips Petroleum, a company later targeted by Icahn. The companies became Mesa Petroleum, which Pickens took public in 1964 and became one of the largest independent oil and gas companies in the United States. ...

Hui Shan


Posted 1 month agoLink > Boone Pickensbillionairetycoon +2

This Week in Petroleum: EIA continues to revise 2019 global liquid fuels consumption forecast lower

In the September 2019 update of its Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) revised its forecast for 2019 global liquid fuels consumption down to 100.8 million barrels per day (b/d), 0.1 million b/d lower than the August STEO and 0.7 million b/d lower tha ...

Hui Shan


Posted 1 month agoLink

The nonmetallic minerals industry is one of the world’s top energy users

In the industrial sector, the nonmetallic minerals industry is one of the largest energy users, accounting for 10% of global industrial sector energy use. The energy intensity of the nonmetallic minerals industry—energy consumed per unit of gross output—is higher than many other industries. By c ...

Hui Shan


Posted 1 month agoLink > DemandConsumptionIndustrial

Global refining: Profiting in a downstream downturn

Beyond 2025, 600 thousand barrels per day of distillation capacity and an equal amount of condensate splitters will be added to meet the region's continuing growth in demand for light product and naphtha. Europe will see the greatest downside, with light product demand starting to fall in 2021 an ...

Hui Shan


Posted 1 month agoLink

SHORT-TERM ENERGY OUTLOOK

Natural gas spot prices at the Waha hub in western Texas, located near Permian Basin production, settled at $1.55/million British thermal units (MMBtu) on August 15, the highest price since March 2019. GCX will provide much-needed additional natural gas takeaway pipeline capacity from the Permian ...

Hui Shan


Posted 1 month agoLink > CoalElectricityrenewable +3

BP Exits Alaska - An End of an Era

After over 60 years of operating in the frigid but productive wilderness of Alaska, oil supermajor BP has decided to call it quits. Once home to the largest crude oil field in America, BP's departure from Alaska is not a surprise but a trend of things to come. What Hilcorp purchases from BP incl ...

Hui Shan


Posted 1 month agoLink > AlaskaBPHillcorp +4
Last fetch 10/23/2019 7:20:16 PM