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This Week in Petroleum: With pipeline development, U.S. crude oil pipeline fill has increased by more than 60% since 2011

Almost 97% of the 48 million barrel increase in crude oil pipeline fill, which includes some volumes of crude oil in transit via water and rail, occurred in the Gulf Coast (Petroleum Administration for Defense District, or PADD, 3) and the Midwest (PADD 2). The Gulf Coast region, which was respon ...

Hui Shan


Posted 2 months agoLink

Southeast Asia braces for huge wave of decommissioning - News for the Oil and Gas Sector

Unlike in Western regimes such as in the Gulf of Mexico and the North Sea, where abandonment provisions are already in place so the last operator holding the asset does not have to pay all the decommissioning costs, the rules in Southeast Asia are much less developed. A dispute between Chevron an ...

Hui Shan


Posted 2 months agoLink

SHORT-TERM ENERGY OUTLOOK

On one hand, you had some key members – including Iraq, surprisingly – stating the need for the broader OPEC+ club to make further cuts to its supply deal. The headlines spinning out of the December 5 meeting was that the OPEC+ alliance agreed to slash a further 500,000 b/d, with Saudi Arabia ple ...

Hui Shan


Posted 2 months agoLink

Compliance Is Critical

On one hand, you had some key members – including Iraq, surprisingly – stating the need for the broader OPEC+ club to make further cuts to its supply deal. The headlines spinning out of the December 5 meeting was that the OPEC+ alliance agreed to slash a further 500,000 b/d, with Saudi Arabia ple ...

Hui Shan


Posted 2 months agoLink > OPECsaudiRussia +3

Your Weekly Update: 2 - 6 December 2019

The small-scale LNG market across the globe is driven by their increasing LNG demand from remote locations by applications, such as industrial & power, and the ability to transport LNG over long distances without the need for heavy investment such as pipelines. It includes the LNG produced from s ...

Hui Shan


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

This Week in Petroleum

September was the first month the United States recorded exporting more petroleum than it importedIn September 2019, the United States exported 89,000 barrels per day (b/d) more petroleum (crude oil and petroleum products) than it imported, the first month this happened since monthly records began ...

Hui Shan


Posted 2 months agoLink > CanadaCrude oilDiesel +11

Current US Drilling Trends and Future Oil Production

Looking at the data of active US oil rigs available from Baker Hughes – which is taken as a proxy for the level of upstream activity in the country – and the US crude production numbers from the EIA shows an evident lag between the two indicators. Between December 2016 and December 2017, when the ...

Hui Shan


Posted 2 months agoLink > GOMGulf Of MexicoBureau of Ocean Energy Management +7

U.S. coal plant retirements linked to plants with higher operating costs

EIA's analysis did not cover the entire fleet of coal power plants in the United States because not all plants report their variable operating and maintenance costs to the Federal Energy Regulatory Commission (FERC) on FERC's Form 1, Electric Utility Annual Report, which was used as a basis of the ...

Hui Shan


Posted 2 months agoLink > generationCoalElectricity +2

Your Weekly Update: 25 - 29 November 2019

In the November 2019 STEO, EIA increased its forecast of U.S. crude oil production in 2019 by 30,000 barrels per day (b/d) (0.2%) from the October STEO. The increases in crude oil production forecast in the November STEO were primarily driven byIn the November STEO, EIA increased its U.S. benchma ...

Hui Shan


Posted 2 months agoLink

Geopolitical Tensions Overshadow a Year of Big Discoveries

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 2 months agoLink > IranWaroil price +6

EIA increases U.S. crude oil production forecast for 2019 and 2020

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 2 months agoLink

Your Weekly Update: 18 - 22 November 2019

Hammered by US sanctions that have severely curbed its oil exports – and scaring off international investors – Iran has continued to go alone in exploration work within its borders. Just last week, Iran announced that it had struck a new field in its southwest that contains up to 53 billion barre ...

Hui Shan


Posted 2 months agoLink

EIA increases U.S. crude oil production forecast

The U.S. Energy Information Administration (EIA) revises the U.S. crude oil production forecast it publishes in each Short-Term Energy Outlook (STEO) based mainly on two factors: updates to EIA's published historical data and EIA's crude oil price forecast. In the November 2019 STEO, EIA increase ...

Hui Shan


Posted 2 months agoLink

Calculate Buttweld Tee Weight | Supplier of Quality Pipe Fittings-Flanges

While buying butt weld pipe fittings, you need to calculate buttweld tee weight for checking cost of land transportation and sea shipping. The first method is to use a formula to calculate buttweld equal tee weight. If you don't have a detailed dimension chart, you are hard to calculate buttweld ...

Jerry Zhao


Posted 2 months agoLink > Butt Weld FittingsEqual TeeWeight Calculation

Short-Term Energy Outlook

[1]After an agreement was reached on the transit dispute that led to a temporary shutdown of crude oil production, the governments of Sudan and South Sudan shifted their focus from border conflicts to the mitigation of their respective domestic opposition factions. [3]In South Sudan, President Sa ...

Hui Shan


Posted 3 months agoLink > ElectricityrenewableSTEO +3
Last fetch 2/17/2020 1:45:51 PM