news


All posts for news

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

Your Weekly Update: 26 - 30 August 2019

The visa subclass 600 is for individuals who need to travel Australia as vacationers, for business or to see family. On the off chance that you apply for this Australian Visa Subclass 600 outside Australia, you should be outside Australia when the visa is chosen. The Australian Visa Subclass 600 ...

Hui Shan


Posted 17 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 19 - 23 August 2019

And it is also happening right now in Papua New Guinea, as the new government led by Prime Minister James Marape took aim at the Papua LNG deal. So, despite a previous assurance in early August that the new government of Papua New Guinea would stand by the previous gas deal agreed with the Papua ...

Hui Shan


Posted 20 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Your Weekly Update: 12 - 16 August 2019

The momentum for crude prices abated in the second quarter of 2019, providing less cushion for the financial results of the world's oil companies. If split evenly, Aramco's net profits would be more than the five supermajors combined in Q219. As it led the way in adhering to the OPEC+ club's cur ...

Hui Shan


Posted 30 days agoLink > oil and gas companiesnewsweekly update +7

Your Weekly Update: 5 - 9 August 2019

In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...

Hui Shan


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

Your Weekly Update: 29 July - 2 August 2019

Barely hours before the deadline, Chevron received word from the US government that it would be allowed to continue operating in Venezuela. The lone major US oil company still in operation after ExxonMobil and ConocoPhillips made a costly flee when Hugo Chávez nationalised the oil industry, Chevr ...

Hui Shan


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

Your Weekly Update: 22 - 26 July 2019

Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...

Hui Shan


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

Your Weekly Update: 15 - 19 July 2019

EIA differentiates among declines in production resulting from unplanned production outages, permanent losses of production capacity, and voluntary production cutbacks for OPEC members. As an example, EIA considers Iranian production declines that result from U.S. sanctions to be unplanned produc ...

Hui Shan


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

Your Weekly Update: 8 - 12 July 2019

Weakening global oil demand and strong supply growth in the United States contributed to global petroleum and other liquid fuels inventory builds in the first half of 2019 and limited any sustained upward pressure on crude oil prices. EIA expects that the combination of strong growth in U.S. and ...

Hui Shan


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

Your Weekly Update: 1 - 5 July 2019

Here's what you need to know about the North American outlook for gas demand, supply, and price to 2030. Debottlenecking and capacity additions that are currently or soon to be in progress will lead Appalachia to take a much larger role in supply, though associated gas from the Permian Basin will ...

Hui Shan


Posted 2 months agoLink > oil and gas newsOil and Gas IndustryLNG +7

Increasing Natural Gas Trade Between the U.S and Mexico

U.S. companies began exporting natural gas to Mexico via pipeline in 1988, and exports have increased significantly as the shale revolution in the U.S. produced affordable, abundant natural gas for consumers in the U.S., Mexico, and around the world.REF Liquefied natural gas (LNG)—which is transpo ...

Will Fine


Posted 2 months agoLink > MexicoNew MexicoGovernor of New Mexico +44

Your Weekly Update: 24 - 28 June 2019

EIA includes utility-scale hydropower, wind, solar, geothermal, and biomass in its definition of renewable electricity generation. According to forecasts in EIA's latest Short-Term Energy Outlook, coal will provide more electricity generation than renewables in the United States for the remaining ...

Hui Shan


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

Your Weekly Update: 17 - 21 June 2019

Despite crude oil production cuts, Saudi Arabian crude oil exports to some Asian countries have increasedThe U.S. Energy Information Administration (EIA) estimates that during May 2019, Saudi Arabia's crude oil production approached a four-year low, averaging an estimated 9.9 million barrels per d ...

Hui Shan


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

Your Weekly Update: 3 - 7 June 2019

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


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

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