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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 5 months 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 5 months 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 5 months 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 5 months 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 5 months 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 5 months agoLink > AlaskaBPHillcorp +4

Permian Basin natural gas prices up as a new pipeline nears completion

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 5 months agoLink > pricesnatural gasPipelines +2

Your Weekly Update: 2 - 6 September 2019

More recently, in July, Rystad Energy said that this year's offshore oil and gas project sanctioning had already exceeded US$50 billion in commitments, signalling that the industry has the potential to reach US$123 billion in project commitments, surpassing the US$78-billion worth of projects sanc ...

Hui Shan


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

Angola discloses tender details for oil block concessions

On Tuesday, Angola's National Agency for Oil, Gas, and Biofuels (ANPG) hosted the first of four roadshows in Luanda to highlight the first 10 blocks to be auctioned in 2019. The offshore blocks are located in the Benguela and Namibe basin and will also be presented in Houston, London and Dubai as ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoLink > AngolaLicencing RoundOil +2

Professional Network for the Energy Industry

Ask and get your career and industry questions answered & participate in discussions. Join industry, work or school-related Groups and get connected with like-minded professionals.

Hui Shan


Posted 5 months agoLink > ElectricitygenerationSolar +1

Time to Make Energy Work for Africa

It is past time that Africa's natural resources benefited Africans; that every African had access to electricity; and that the wealth created by oil and gas would lead to the sustainable development of African economies. The incredible story of Senegal, for example, stands as a roadmap on creatin ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoLink > NigeriaAtlas OrantoPrince Arthur Eze +3

Benin inaugurates 127MW power plant

With a generation capacity of 127 megawatts (MW), the gas engine power plant is set to increase the country's power supply significantly decreasing its dependence on energy imports. “The Maria Gleta power plant increases Benin's capacity for electricity by more than 50 percent – our country now b ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoLink > BeninPower PlantGhana +4

Lesotho Set to Announce New Energy Investment Drive

AOP talks to Khomoatsana Tau, Principal Secretary for the Lesotho Ministry of Energy and Meteorology, about the new energy investment and diplomacy drive to be launched at the Africa Oil and Power Conference in October 2019. The Lesotho Electricity Company is the only distributor in the country, ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoLink > LesothoKhomoatsana TauEnergy +7

Time to Make Energy Work for Africa

It is past time that Africa's natural resources benefited Africans; that every African had access to electricity; and that the wealth created by oil and gas would lead to the sustainable development of African economies. The incredible story of Senegal, for example, stands as a roadmap on creatin ...

Aydanur Akkurt - Africa Oil & Power


Posted 5 months agoLink > Atlas OrantoMakeEnergyWork

The World’s Top 10 Offshore Oil & Gas Projects

More recently, in July, Rystad Energy said that this year's offshore oil and gas project sanctioning had already exceeded US$50 billion in commitments, signalling that the industry has the potential to reach US$123 billion in project commitments, surpassing the US$78-billion worth of projects sanc ...

Hui Shan


Posted 5 months agoLink > OilgasOffshore +10
Last fetch 2/21/2020 7:11:58 PM