supply


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TODAY IN ENERGY: U.S. natural gas production reaches a new record despite low prices

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 3 days agoLink > Productionsupplynatural gas +3

TODAY IN ENERGY: The U.S. leads global petroleum and natural gas production with record growth in 2018

For the United States and Russia, petroleum and natural gas production is almost evenly split; Saudi Arabia's production heavily favors petroleum. Petroleum production is composed of several types of liquid fuels, including crude oil and lease condensate, natural gas plant liquids (NGPLs), and bi ...

Hui Shan


Posted 26 days agoLink > ProductionsupplyOil +5

This Week in Petroleum: EIA forecasts moderate inventory builds in 2020 and lowers crude oil price forecast

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 > ConsumptionDemandprices +5

Iran drives unplanned OPEC crude oil production outage to highest levels since late 2015

The risk assessment comes as the British warship HMS Montrose had to escort the BP oil tanker British Heritage out of the Persian Gulf into the Indian Ocean from being blocked by Iranian vessels. While a risk premium has already been applied to current oil prices, some analysts are suggesting tha ...

Hui Shan


Posted 1 month agoLink > Productionsupplyoutages +5

TODAY IN ENERGY: In 2018, 90% of the natural gas used in the United States was produced domestically

EIA's U.S. natural gas flow diagram helps to visualize the elements of U.S. natural gas supply (production, imports, and withdrawals from storage) and disposition (consumption, exports, and additions to storage). U.S. natural gas production and consumption have both generally increased since the ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyConsumption +6

TODAY IN ENERGY: U.S. crude oil production surpassed 12 million barrels per day in April

The Wafra field was discovered in 1953, and in 1960, Japan's Arabian Oil Company (which held an offshore concession awarded by Saudi Arabia in 1957 and another awarded by Kuwait in 1958) discovered the giant Khafji offshore field. The unique status of the Neutral Zone is exemplified by its struct ...

Hui Shan


Posted 2 months agoLink > ProductionsupplyEIA +5

North American gas outlook 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 remain a substantial—and low-cost—supply source for much of the US Gulf Coast. However, ongoing associat ...

Hui Shan


Posted 2 months agoLink > Demandsupplygas price +8

This Week in Petroleum

Oil company finding costs reached a 10-year low in 2018 In 2018, a group of the world's largest crude oil and natural gas producers added more hydrocarbons to their resource base than in any year since at least 2009, according to the annual reports of 116 exploration and production (E&P) companies ...

Hui Shan


Posted 3 months agoOpinion > CrudeOilDrilling +4

EIA’s new liquids pipeline projects database shows new U.S. crude oil pipeline capacity

Source:  U.S. Energy Information Administration  liquids pipeline projects database EIA recently launched a new  liquids pipeline projects database  that tracks more than 200 crude oil, hydrocarbon gas liquids (HGL), and petroleum products pipeline projects. Rising domestic crude oil productio ...

Hui Shan


Posted 3 months agoOpinion > ProductionsupplyPipelines +8

Freudenberg publishes online marketplace for industrial components

Freudenberg Sealing Technologies is creating a turning point in the purchasing of B2B seals and components with their "Industrial Supply and Services" online platform exclusively starting in United Kingdom as first local market. The Industrial Supply and Services (ISS) platform is the first onli ...

Steve Lloyd


Posted 5 months agoPress > FreudenbergsealingTechnologies +7

The Race to the World’s Largest Crude Producer

  According to the US Energy Department, US crude production hit 11 million barrels per day in early July. This was always seen as an inevitability, but the speed at which the mark has been achieved has been astonishing. It was only eight months ago in November 2017 that the US production reache ...

Easwaran Kanason


Posted 1 year agoOpinion > Crude Oil PriceDemandsupply +5

Counting Down to Vienna

  Almost everyone seems to agree that US$80/b – at least in this current environment – is not conducive for the oil business. While oil producing countries are reaping benefits right now, they are also worried that prices sustaining at this level will cause demand destruction in key markets like ...

Easwaran Kanason


Posted 1 year agoOpinion > oil priceViennaDemand +7

Libyan Oil Output Drops in May Amid Persistent Outages

Oil and gas infrastructure remains affected by repeated outages The Elephant Oil field remains shut down, while high temperatures forced the Libyan state firm AGOCO company to lower output from main fields in the Sirte Basin.   The lower production is in-line with a d ...

Kayrros


Posted 1 year agoPress > LibyaOilOil and Gas +17

The State of the Industry: Q1 2018

  The first quarter of 2018 has proven to be a continuation of an upswing that settled in over 2017, at least according to the financial results of the supermajors. Aggressive cost-cutting from the past paired with a consistent rise in crude prices over the first quarter has contributed to reven ...

Easwaran Kanason


Posted 1 year agoOpinion > Nrgedge articleOil and Gasoil industry +8

Gazprom: New Contract for Gas Supply to Slovenia Signed

Alexander Medvedev , Deputy Chairman of the Gazprom Management Committee, Elena Burmistrova, Director General of  Gazprom Export , and Bostjan Napast, Chairman of the Management Board of Geoplin d.o.o. Ljubljana, took part in Ljubljana today in the ceremony marking the conclusion of a medium-term ...

OilVoice Press - OilVoice


Posted 1 year agoPress > GazpromSloveniaContract +3