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Your Weekly Update: 13 - 17 May 2019

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 4 days agoLink

Shell Eclipses ExxonMobil Once Again

Weaker refining margins and lower crude prices were cited as a slight drag on performance, but Shell's acquisition of BG Group is paying dividends as strong natural gas performance contributed to the strong profits. Unlike ExxonMobil and Chevron, Shell has only dipped its toes in the Permian, pre ...

Hui Shan


Posted 6 days agoLink > ExxonMobilShellBP +5

Your Weekly Update: 6 - 10 May 2019

Origin Energy (and its partner Falcon Oil & Gas) isn't the only player in Northern Territories shale. Fellow Australian player Santos is also looking to start drilling in the NT McArthur basin this year, having already submitted its environmental management plan to the NT government after calling ...

Hui Shan


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

Shale Gas Opportunities Open-up in the Australian Outback

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). Saudi Arabia relies ...

Hui Shan


Posted 12 days agoLink > AustraliaShaleNorthern Territories +3

Your Weekly Update: 29 April - 3 May 2019

The United States exports natural gas by pipeline to both Canada and Mexico and increasingly exports liquefied natural gas (LNG) to several other countries. Although U.S. LNG exports have grown in recent years, most U.S. natural gas exports are sent by pipeline to neighboring Canada and Mexico. ...

Hui Shan


Posted 18 days agoLink

Your Weekly Update: 22 - 26 April 2019

In March 2019, Venezuela's crude oil production (excluding condensate) averaged 840,000 barrels per day (b/d), down from 1.1 million b/d in February, according to estimates in the U.S. Energy Information Administration's (EIA) April 2019 Short-Term Energy Outlook(STEO, Figure 1). The declines in ...

Hui Shan


Posted 25 days agoLink > Oiloil and gas newsOil and Gas Industry +7

7 Significant Factors Causing Project Cost Overruns in the Construction Industry

There are often a number of reasons factoring in to this, although the majority of project budgets that experience overrun are due to poor planning, combined with a lack of visibility in cost and budget management. However, these cost codes should be seen as a common language to describe the proj ...

Janno Soon


Posted 26 days agoLink > BudgetBudgetingconstruction management +7

The Rise of a New Ultramajor?

The purchase of Anadarko gets Chevron into two prolific areas: the Permian Basin in the US and LNG. Through Anadarko, Chevron will gain major US midstream space, including a 55% stake in the Western Midstream Partners whose pipelines crosses all over Texas, linking the Permian to the processing a ...

Hui Shan


Posted 27 days agoLink > ChevronanadarkoExxonMobil Shell +7

Your Weekly Update: 15 -19 April 2019

This increase in natural gas, along with relatively smaller increases in the consumption of petroleum fuels, renewable energy, and nuclear electric power, more than offset a 4% decline in coal in the United States increased to 20.5 million barrels per day (b/d), or 37 quadrillion Btu in 2018, up n ...

Hui Shan


Posted 28 days agoLink > Oiloil and gas newsOil and Gas Industry +7

A New Frontier for LNG Pricing and Contracts

As the world's demand for LNG continues to grow, the world's largest LNG supplier (Shell) has inked an innovative new deal with one of the world's largest LNG buyers (Tokyo Gas), including a coal pricing formula link for the first time in a large-scale LNG contract. Both parties have named the de ...

Hui Shan


Posted 1 month agoLink > JapanCoalLNG +6

Your Weekly Update: 8 - 12 April 2019

Annual U.S. crude oil production reached a record level of 10.96 million barrels per day (b/d) in 2018, 1.6 million b/d (17%) higher than 2017 levels. Texas's 2018 annual production increase of almost 950,000 b/d—driven by significant growth within the Permian region in western Texas—was nearly 6 ...

Hui Shan


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

Your Weekly Update: 1 - 5 April 2019

With output of only 43,000 b/d last year – not including its 150,000 b/d share of the Abu Safah field shared with Saudi Arabia – Bahrain has been hit hard since the oil price crash in 2014. Last year, Bahrain announced its largest-ever oil and gas discovery in the Khalij al-Bahrain Basin – a find ...

Hui Shan


Posted 1 month agoLink

Moving the Shale Revolution Offshore

With output of only 43,000 b/d last year – not including its 150,000 b/d share of the Abu Safah field shared with Saudi Arabia – Bahrain has been hit hard since the oil price crash in 2014. Last year, Bahrain announced its largest-ever oil and gas discovery in the Khalij al-Bahrain Basin – a find ...

Hui Shan


Posted 1 month agoLink > BahrainShaleUnconventional oil +1

The Importance of Cost Control in Project Management

In fact, there is news every day about construction projects going over budget and time, yet this is avoidable with strong cost management. Cost control is the process of monitoring, tracking and controlling the actual cost of any construction project. The role of software in project management ...

Janno Soon


Posted 1 month agoLink > construction managementCONSTRUCTION PROJECTProject Management +3

Murphy Oil Returns Home

The first official glimpse of Saudi Aramco's financial performance confirms the state-run oil giant can generate profit like no other company on Earth: net income last year was $111.1 billion, easily outstripping U.S. behemoths including Apple Inc. and Exxon Mobil Corp. But accounts published bef ...

Hui Shan


Posted 1 month agoLink > Murphy OilMalaysiaRepsol +5
Last fetch 5/21/2019 11:26:43 PM