International


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Mozambique LNG: Uniting International Financiers

Total's Area 1 Mozambique LNG development has countered the projected slow- down in energy investment during COVID-19 by securing the largest FID in Africa to date. With a total post-FID investment of $20 billion and $14.9 billion in project financing, Mozambique LNG represents the largest foreig ...

Aydanur Akkurt - Africa Oil & Power


Posted 15 days agoLink > MozambiqueMozambique Gas & PowerMGP2021 +21

PIDX INTERNATIONAL RELEASES REVISION TO PRICE SHEET SCHEMA

PIDX INTERNATIONAL RELEASES REVISION TO PRICE SHEET SCHEMA Houston, TX -- April 9, 2020 -- PIDX International announced today that it published a revision to its PriceSheet schema (PriceSheet.XSD). Originally published in 2014, the new 2020 revision is available royalty-free here . When compa ...

Kacey White


Posted 6 months agoPress > standardsOil and GasEnergy +1

This Week in Petroleum

U.S. crude oil exports to China, the third-largest export destination in 2018, fell by nearly 100,000 b/d to average 133,000 b/d in 2019. The eight destinations in Asia and Oceania represent 1.3 million b/d, or a 43% share of total U.S. crude oil exports in 2019, and the five destinations in Euro ...

Hui Shan


Posted 7 months agoLink > ChinaCrude oilexports +2

Turbo-charged growth for Deep Casing Tools

Leading oil and gas technology development company, Deep Casing Tools (DCT), increased turnover by 120% in 2019 after strategic growth plans saw the company expand its headcount and footprint in key international regions.   In-line with global demand from oil and gas operators for innovative casi ...

Saffron Cummings


Posted 7 months agoPress > Clean growth strategyOil and Gasoperators +7

Epoch of Sustainability - International Upstream Congress

EPOCH of Sustainability - International Upstream Congress 2020 will be held on the 5th-6th of October in London, UK. It is dedicated to the sustainable future actions in frames of oil and gas market activity.   Oil & Gas companies, EPC and drilling contractors, governmental bodies, solution ...

Julia


London   England   GB 05 Oct 2020


Posted 8 months agoEvent > sustainabilityupstreamLondon +4

EIA projects that natural gas consumption in Asia will continue to outpace supply

According to the U.S. Energy Information Administration's (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especi ...

Hui Shan


Posted 11 months agoLink > ConsumptionDemandInternational +5

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 1 year agoLink > ProductionsupplyConsumption +9

EIA projects that renewables will provide nearly half of world electricity by 2050

Resource availability, renewable policies, regional load growth, and declining technology costs drive EIA's projected increase in global electricity generation from solar technologies. EIA projects that China is the country that will see the most growth in solar generation because of its growing ...

Hui Shan


Posted 1 year agoLink > generationInternationalIEO +6

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 1 year agoLink > pricesInternationalGasoline +6

This Week in Petroleum: 2018 OPEC net oil export revenues highest since 2013, but likely to decline

EIA estimates net oil export revenues based on oil production—including crude oil, condensate, and natural gas plant liquids—and total petroleum consumption estimates, as well as crude oil prices forecast in the August 2019 Short-Term Energy Outlook (STEO). EIA's net oil export revenues estimate ...

Hui Shan


Posted 1 year agoLink > exportsImportsInternational +7

TODAY IN ENERGY: Australia is on track to become world’s largest LNG exporter

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 year agoLink > InternationalexportsImports +6

TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States

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 year agoLink > InternationalChinaSaudi Arabia +7

This Week in Petroleum

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 1 year agoLink > ChinaCrude oilexports +7

Saudi Arabia used less crude oil for power generation in 2018

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 1 year agoLink > ElectricityOilpetroleum +3

Saudi Arabia has significantly reduced the amount of crude oil used for power generation

Power plants in Saudi Arabia burned an average 0.4 million barrels per day (b/d) of crude oil in 2018 directly for power generation, the lowest amount since at least 2009, the earliest year that data are available from the  Joint Organizations Data Initiative  (JODI, Figure 1). According to the JOD ...

Hui Shan


Posted 1 year agoOpinion > Electricityelectricity generating fuel mixInternational +6