Oil


All posts for Oil

Your Weekly Update: 30 March - 3 April 2020

As Saudi Arabia and Russia dig in their heels and prepare for extended trench warfare over oil prices, the important questions now are: how long will this last, and what (or who) can bring these friends-turned-foes back to the negotiation table? Saudi Arabia's ultimate goal is to have steady oil ...

Hui Shan


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

Africa Oil & Power Pledges Support to Energy Industry, Offers Free Communications Services

AOP is making its platform available for governments and companies within Africa's energy sector to submit press releases and articles free of charge. Open communication between all organizations involved in African energy helps combat misinformation and promotes safety during the Covid-19 crisi ...

Aydanur Akkurt - Africa Oil & Power


Posted 7 days agoPress > newscovid-19Energy Sector +11

Your Weekly Update: 23 - 27 March 2020

With falling demand and increasing supply, the front-month price of the U.S. benchmark crude oil West Texas Intermediate (WTI) fell from a year-to-date high closing price of $63.27 per barrel (b) on January 6 to a year-to-date low of $20.37/b on March 18 (Figure 1), the lowest nominal crude oil pr ...

Hui Shan


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

Potential Outcome Scenarios for Covid-19 And Oil Markets

There are two items dominating the headlines in the energy sector at the moment: the global Covid-19 pandemic and the alarming decision of Saudi Arabia and Russia to go head-to-head in a price war. Scenario 2: Fast Covid-19 containment but slow resolution to the price war or Prolonged Covid-19 pa ...

Hui Shan


Posted 18 days agoLink > Covid19ChinaItaly +8

Shale Could Contract by 1.0 Million b/d Within the Year

As a price-elastic source of supply, US shale production will respond relatively quickly to the steep drop in oil prices. Already US E&Ps are reporting further reductions to their 2020 spending guidance and cutting back on planned drilling activity. A new-normal is here, with fiscal discipline and ...

Jake Wright


Posted 21 days agoPress > ShaleOilPrice War +1

Third IT firm acquisition takes Dynamic Edge turnover to £5m

Technology business Dynamic Edge has become a £5m turnover firm and extended its geographical reach following the acquisition of an IT company in the south of England. Dynamic Edge, established in Aberdeen in 2009, has acquired Hampshire-based information technology firm Tekkers IT Solutions. The ...

James Donaldson


Posted 27 days agoPress > EnergyAberdeenOil +8

Business networking golf event in final drive for energy entrants

Time is running out for energy firms to enter a team in a North-east business networking golf league. The league, run by Aberdeen-based award-winning mobile phone and communications specialist DF Communications, pits businesses against each other in a four-ball format with six teams in each of the ...

James Donaldson


Posted 28 days agoPress > EnergyNorth SeaOil +6

The Impact Of The Covid-19 Outbreak In Global Oil Markets

Iran now seems to be a hotbed of infection, with over 1,500 cases reported and 66 deaths recorded; the Covid-19's average fatality rate of 2% suggests that reported cases in Iran are underestimated. Of course, this would have a positive impact on prices, but on the whole, for the oil world to dea ...

Hui Shan


Posted 1 month agoLink > Covid19ChinaItaly +4

Annual Sub-Saharan Africa Oil/Gas Conference, 2020

ABOUT THE CONFERENCE The Annual Sub-Saharan Africa Oil & Gas Conference is a unique conference that brings petroleum ministers, senior government representatives, African producers, national oil companies, international oil companies, investors, financial institutions, service sector and entir ...

SUNNY LAW


Houston   TX   US 29 Apr 2020


Posted 1 month agoEvent > upstreammidstreamdownstreamOil +4

STATS Group Bolster Management Team With Chief Operating Officer

Aberdeen, 11 February 2020 STATS Group has strengthened its management team with the appointment of Garry North as Chief Operating Officer.  With more than 40 years' experience in the engineering and oil and gas industries, Mr North has held senior operational management roles in Europe, North Am ...

Stephen Rafferty


Posted 1 month agoPress > SubseapipelineEngineering +8

Invest in Africa: AOP Events Drive Cross-Border Energy Trade and Investment

Africa Oil & Power is the only event group uniting the entire energy value chain, from oil exploration to renewables and focusing on the African continent. AOP 2020 flagship conference takes place on September 15-17 in Cape Town under the theme #InvestWithoutBoundaries. Key national conferences ...

Aydanur Akkurt - Africa Oil & Power


Posted 1 month agoPress > AngolaAfrica Oil & PowerEquatorial Guinea +9

Angola set to attract more FDI into oil and gas; part-privatization of Sonangol by 2022 a key measure

Government reforms in oil sector including at national oil company SONANGOL already yielding positive results, with 30 percent of the company set to be privatized by 2022. Sector reforms to be backed up by an investment campaign drive by Africa Oil & Power, including the Angola Oil & Gas Conferen ...

Aydanur Akkurt - Africa Oil & Power


Posted 2 months agoPress > AngolaOilgas +4

Your Weekly Update: 27 - 31 January 2020

Slow growth in U.S. energy consumption, as a result of continued increases in energy efficiency, and technologically enabled growth in domestic oil and natural gas production lead the United States to remain a net energy exporter through 2050. The AEO2020 Reference case projects domestic energy d ...

Hui Shan


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

EIA forecasts U.S. crude oil production growth to slow in 2021

EIA's U.S. crude oil production forecast is based on the West Texas Intermediate (WTI) price forecast in the January 2020 STEO, which rises from an average of $57 per barrel (b) in 2019 to an average of $59/b in 2020 and $62/b in 2021. Because EIA forecasts WTI prices will decline during the firs ...

Hui Shan


Posted 2 months agoLink > Crude oilOilpetroleum +3

Upstream Intelligence by Reuters Events announces release of 2020 Market Report – Digital in Action, featuring insight from Occidental Petroleum Corporation and Marathon Oil Corporation

HOUSTON, January 17, 2020 - Upstream Intelligence by Reuters Events - today announced the release of their 2020 Market Report: Digital in Action.  Access the report here This paper pinpoints contractual opportunities and provides project pipelines in the data-driven upstream. It further provide ...

Charlotte Howlett


Posted 2 months agoPress > houston oilOilProduction Optimization +8