Oil and Gas Industry


All posts for Oil and Gas Industry

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 7 days 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 14 days agoLink > oil and gas newsOil and Gas IndustryLNG +7

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

Your Weekly Update: 10 - 14 June 2019

With Russian Finance Minister Anton Siluanov suggesting that there was a risk that oil prices could fall as low as US$30/b and the Saudi Arabia-Russia alliance preparing for a US$40/b oil scenario, it looks more and more likely that the production deal will be extended to the end of 2019. The maj ...

Hui Shan


Posted 1 month agoLink > OilOil and Gas Industryoil and gas companies +3

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

Escalating Trade Wars and Oil Markets

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 1 month agoLink > nrgedgeOilgas +10

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

Your Weekly Update: 20 -24 May 2019

The deal would have given Chevron significant and synergistic acreage in the Permian Basin along with new potential in US midstream, as well as Anadarko's high potential projects in Africa. And so Oxy was victorious, capping off a two-year pursuit by Hollub for Anadarko – which only went public a ...

Hui Shan


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

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

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

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

Your Weekly Update: 25 - 29 March 2019

EIA's Annual Energy Outlook 2019 (AEO2019) Reference case projects that U.S. tight oil production, which became the more common form of oil production in 2015, will continue to increase through 2030, ultimately reaching more than 10 million barrels per day (b/d) in the early 2030s. EIA projects f ...

Hui Shan


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

Your Weekly Update: 18 - 22 March 2019

U.S. crude oil production increased 1.6 million b/d from 2017 to 10.9 million b/d in 2018, with the U.S. Gulf Coast—where more than 90% of U.S. crude oil exports depart from—producing 7.1 million b/d. In the first half of 2018, the United States exported 376,000 b/d of crude oil to China, which m ...

Hui Shan


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