Oil and Gas Industry


All posts for Oil and Gas Industry

Libya & OPEC’s Quota

Access to key oilfields and key port facilities has changed hands constantly over the past few years, resulting in a start-stop rhythm that has sapped productivity and, more than once, forced Libya's National Oil Corporation (NOC) to issue force majeure on its exports. The deal, brokered in Mosco ...

Hui Shan


Posted 2 months agoLink > Oil and Gas Industryupstreamnatural gas +8

Angola: Supporting Cross-Border Cooperation

*This article will be published in the upcoming AES: Angola COVID-19 Impact ReportAs a response to the reduction in oil demand amid global lockdowns, the Organization of Petroleum Exporting Countries (OPEC) and the G20 met in March, seeking to reduce the global supply of petroleum among top produc ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoLink > AngolaLuandaAngola Oil & Gas +27

The State of the Industry: Q2 2020 Financial Performance

It is, obviously, unsurprising that the recently released Q2 financials for the oil & gas supermajors contained distressed numbers as the first full quarter of Covid-19 impact washed over the entire industry. To make this change, Looney is looking to shrink BP's oil and gas output by 40% through ...

Hui Shan


Posted 3 months agoLink > SupermajorShellTotal +13

Your Weekly Update: 4 - 8 May 2020

In the extraordinary OPEC+ and G20 meetings that surrounded the coordinated deal, it was stated that the free market producers – mainly the US, Canada, Brazil and Norway – would make up a further cut of 5 mmb/d through natural ‘market adjustments'. This applies to OPEC states as well, such as Kuw ...

Hui Shan


Posted 6 months agoLink > oil and gas companiesOil and Gas IndustryHydrocarbon +5

Your Weekly Update: 27 April - 1 May 2020

An entire phalanx of upstream service companies help build, operate and maintain the critical infrastructure necessary to extract oil in its natural form from deep below the ground and send it on its merry way to be turned into fuel for consumption. With all companies slashing upstream capex and ...

Hui Shan


Posted 6 months agoLink > OilOil and GasOil and Gas Industry +6

Your Weekly Update: 20 - 24 April 2020

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


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

Your Weekly Update: 13 - 17 April 2020

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


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

Your Weekly Update: 30 March - 3 April 2020

As Saudi Arabia and Russia dig in their heels and prepare for extended trench warfare over oil prices, the important questions now are: how long will this last, and what (or who) can bring these friends-turned-foes back to the negotiation table? Saudi Arabia's ultimate goal is to have steady oil ...

Hui Shan


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

Your Weekly Update: 23 - 27 March 2020

With falling demand and increasing supply, the front-month price of the U.S. benchmark crude oil West Texas Intermediate (WTI) fell from a year-to-date high closing price of $63.27 per barrel (b) on January 6 to a year-to-date low of $20.37/b on March 18 (Figure 1), the lowest nominal crude oil pr ...

Hui Shan


Posted 8 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 27 - 31 January 2020

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


Posted 9 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 6 - 10 January 2020

These narrow trading ranges occurred as a result of offsetting upward and downward price pressures, despite the largest single-day price increase since 2008, which followed the September attacks on Saudi Arabia's crude oil production and processing infrastructure. In 2019, several factors, includ ...

Hui Shan


Posted 10 months agoLink > oil and gas companiesHydrocarbonweekly news update +1

Your Weekly Update: 30 December 2019 - 3 January 2020

From New Year's Day onwards, a 0.5% sulphur cap (or 500ppm) in fuel will be imposed globally, part of the International Maritime Organization's aim to reduce greenhouse gas emissions from ships by 50% through 2050. In 2008, the IMO set the global upper limit for sulphur in shipping fuels at 3.5% ...

Hui Shan


Posted 10 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 16 - 20 December 2019

Year-over-year increases in U.S. proved reserves resulted in record-high levels of crude oil and lease condensate, up 12%, and natural gas up 9% in 2018, according to the U.S. Crude Oil and Natural Gas Proved Reserves, Year-End 2018 report. “The United States increased its proved reserves of oil ...

Hui Shan


Posted 11 months agoLink > Oiloil and gas newsOil and Gas Industry +7

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 11 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 4 - 8 November 2019

Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...

Hui Shan


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