weekly update


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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 5 days agoLink > OilOil and GasOil and Gas Industry +7

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

Your Weekly Update: 25 February - 1 March 2019

A few weeks ago, energy supermajor BP made a US$5 million investment in Belmont Technology, a Houston-based artificial intelligence (AI) start-up. In the investment in Belmont Technology, BP is hoping to apply its AI cloud-based geoscience platform for more accurate lifecycle projections in explo ...

Hui Shan


Posted 18 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 18 - 22 February 2019

Russia and Saudi Arabia both making new pledges on supply cuts comes despite supply issues elsewhere in OPEC, which could have provided some cushion for smaller cuts. Iranian production remains constrained by new American sanctions; targeted waivers have provided some relief – and indeed Iranian ...

Hui Shan


Posted 23 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 11 - 15 February 2019

With the last of the financial results from supermajors released, the world's largest oil firms reported strong profits for Q418 and blockbuster profits for the full year 2018. Full year net profit was even better – up 5.7% to US$20.8 billion as upstream production rose to 4.01 mmboe/d – allowing ...

Hui Shan


Posted 1 month agoLink > weekly news updateweekly updateOil +4

Your Weekly Update: 4 - 8 February 2019

At utility-scale facilities where PV is one of several technologies in use, the PV capacity itself may be less than one megawatt, but this is relatively rare: based on EIA's latest data, only 20 sites with a total combined capacity of 10 MW were in this category. In other states, the growth of sm ...

Hui Shan


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

Your Weekly Update: 21 - 25 January 2019

The RAPID refinery – part of a larger plan to turn the Pengerang district in southern Johor into an oil refining and storage hub capitalising on linkages with Singapore – received its first cargo of crude oil for testing in September 2018. It guaranteed a stable supply of crude for Petronas; and ...

Hui Shan


Posted 1 month agoLink > Oilgasoil gas companies +4

Your Weekly Update: 7 - 11 January 2019

At some point in 2019, crude production in Venezuela will dip below the 1 mmb/d level. PDVSA – once an oil industry crown jewel – has been hammered, from its cargoes being seized by ConocoPhillips for debts owed to the loss of the Curacao refinery and its prized Citgo refineries in the US. But w ...

Hui Shan


Posted 2 months agoLink > Oiloil and gas companiesOil and Gas Industry +2

Your Weekly Update: 31 December 2018 - 4 January 2019

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


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

Your Weekly Update: 24 - 28 December 2018

In recent years, the growth of power sector has also created an influential demand for the industrial oil market in Bangladesh. The demand from the industrial machinery and equipment application also accounts for a major share of the total engine oil market and is driven by the end-user sectors s ...

Hui Shan


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

Your Weekly Update: 17 - 21 December 2018

When comparing the financial positions of U.S. oil producers as of the third quarter of 2018 with the third quarter of 2014, most measures of profitability and balance sheet fitness indicate companies should be able to weather the recent price downturn. Given the different price levels, oil compa ...

Hui Shan


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

Your Weekly Update: 10 - 14 December 2018

There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world's largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to ...

Hui Shan


Posted 3 months agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 8 - 12 October 2018

However, crude oil with API gravity of 40 to 50 degrees accounted for the largest share of Texas production, at 55%, in 2017. About 90% of North Dakota's 2017 crude oil production had an API gravity of 40 to 50 degrees. In 2017, 7.6 million b/d (96%) of imported crude oil had an API gravity of 4 ...

Hui Shan


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

NrgEdge - Your Weekly Update: 12 - 16 Feb

Market Watch Headline crude prices for the week beginning 12 February 2017 – Brent: US$62/b; WTI: US$59/b A tumultuous previous week saw crude benchmarks sinking on fears of growing global supply, and a financial rout across the globe. US weekly output rose to 10.25 mmb/d last week, while Ir ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and Gasoil news +2

NrgEdge - Your Weekly Update: 5 Feb - 9 Feb

Market Watch Headline crude prices for the week beginning 5 February 2017 – Brent: US$67/b; WTI: US$64/b Swelling US crude production and a global rout in the financial markets – triggered by two consecutive days of 1,000 point plus drops in the Dow Jones – sent oil prices lower at the star ...

Nrgedge Admin - NrgEdge


Posted 1 year agoOpinion > nrgedgeOil and Gasoil news +3