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Saudi Arabia used less crude oil for power generation in 2018

Of the 21.0 billion BOE in organic proved reserves added in 2018 (that is, before accounting for revisions, net reserves purchased, or how much the companies produced), slightly more than half (10.7 billion BOE) came from the United States, while the Russia, Central Asia, and Asia-Pacific region a ...

Hui Shan


Posted 4 months agoLink > ElectricityOilpetroleum +3

Your Weekly Update: 27 - 31 May 2019

Of the 21.0 billion BOE in organic proved reserves added in 2018 (that is, before accounting for revisions, net reserves purchased, or how much the companies produced), slightly more than half (10.7 billion BOE) came from the United States, while the Russia, Central Asia, and Asia-Pacific region a ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

The Permian is Ripe for M&A Battle

Next is Diamondback Energy, a Permian pure-play firm that has valuable assets in the Midland Basin as well as the prized (and prolific) Delaware Basin. Brushing up against Pioneer's acreage is ExxonMobil and Chevron's own boundaries, and its new status as a Permian pure-play makes Pioneer particu ...

Hui Shan


Posted 4 months agoLink > Pioneer Natural ResourcesEndeavor Energy ResourcesDiamondback Energy +8

Your Weekly Update: 20 -24 May 2019

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7

The Battle for Anadarko

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


Posted 4 months agoLink > OxyOccidentalanadarko +4

Your Weekly Update: 13 - 17 May 2019

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 4 months agoLink

Shell Eclipses ExxonMobil Once Again

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 5 months agoLink > ExxonMobilShellBP +5

Your Weekly Update: 6 - 10 May 2019

Origin Energy (and its partner Falcon Oil & Gas) isn't the only player in Northern Territories shale. Fellow Australian player Santos is also looking to start drilling in the NT McArthur basin this year, having already submitted its environmental management plan to the NT government after calling ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Shale Gas Opportunities Open-up in the Australian Outback

Power plants in Saudi Arabia burned an average 0.4 million barrels per day (b/d) of crude oil in 2018 directly for power generation, the lowest amount since at least 2009, the earliest year that data are available from the Joint Organizations Data Initiative (JODI, Figure 1). Saudi Arabia relies ...

Hui Shan


Posted 5 months agoLink > AustraliaShaleNorthern Territories +3

Your Weekly Update: 29 April - 3 May 2019

The United States exports natural gas by pipeline to both Canada and Mexico and increasingly exports liquefied natural gas (LNG) to several other countries. Although U.S. LNG exports have grown in recent years, most U.S. natural gas exports are sent by pipeline to neighboring Canada and Mexico. ...

Hui Shan


Posted 5 months agoLink

Your Weekly Update: 22 - 26 April 2019

In March 2019, Venezuela's crude oil production (excluding condensate) averaged 840,000 barrels per day (b/d), down from 1.1 million b/d in February, according to estimates in the U.S. Energy Information Administration's (EIA) April 2019 Short-Term Energy Outlook(STEO, Figure 1). The declines in ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7

7 Significant Factors Causing Project Cost Overruns in the Construction Industry

There are often a number of reasons factoring in to this, although the majority of project budgets that experience overrun are due to poor planning, combined with a lack of visibility in cost and budget management. However, these cost codes should be seen as a common language to describe the proj ...

Janno Soon


Posted 5 months agoLink > BudgetBudgetingconstruction management +7

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 5 months agoLink > ChevronanadarkoExxonMobil Shell +7

Your Weekly Update: 15 -19 April 2019

This increase in natural gas, along with relatively smaller increases in the consumption of petroleum fuels, renewable energy, and nuclear electric power, more than offset a 4% decline in coal in the United States increased to 20.5 million barrels per day (b/d), or 37 quadrillion Btu in 2018, up n ...

Hui Shan


Posted 5 months agoLink > Oiloil and gas newsOil and Gas Industry +7
Last fetch 10/16/2019 3:16:12 AM