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Your Weekly Update: 8 - 12 April 2019

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Texas's 2018 annual production increase of almost 950,000 b/d—driven by significant growth within the Permian region in western Texas—was nearly 6 ...

Hui Shan


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

Your Weekly Update: 1 - 5 April 2019

With output of only 43,000 b/d last year – not including its 150,000 b/d share of the Abu Safah field shared with Saudi Arabia – Bahrain has been hit hard since the oil price crash in 2014. Last year, Bahrain announced its largest-ever oil and gas discovery in the Khalij al-Bahrain Basin – a find ...

Hui Shan


Posted 6 months agoLink

Moving the Shale Revolution Offshore

With output of only 43,000 b/d last year – not including its 150,000 b/d share of the Abu Safah field shared with Saudi Arabia – Bahrain has been hit hard since the oil price crash in 2014. Last year, Bahrain announced its largest-ever oil and gas discovery in the Khalij al-Bahrain Basin – a find ...

Hui Shan


Posted 6 months agoLink > BahrainShaleUnconventional oil +1

The Importance of Cost Control in Project Management

In fact, there is news every day about construction projects going over budget and time, yet this is avoidable with strong cost management. Cost control is the process of monitoring, tracking and controlling the actual cost of any construction project. The role of software in project management ...

Janno Soon


Posted 6 months agoLink > construction managementCONSTRUCTION PROJECTProject Management +3

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 6 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 6 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 6 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 6 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 6 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 6 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 7 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 7 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 7 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 7 months agoLink > Eastern MediterraneanCyprusExxon +5
Last fetch 10/14/2019 11:35:44 AM