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Your Weekly Update: 4 - 8 February 2019

At utility-scale facilities where PV is one of several technologies in use, the PV capacity itself may be less than one megawatt, but this is relatively rare: based on EIA's latest data, only 20 sites with a total combined capacity of 10 MW were in this category. In other states, the growth of sm ...

Hui Shan


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

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 16 days agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

The Prospects of Venezuelan Oil

At some point in 2019, crude production in Venezuela will dip below the 1 mmb/d level. PDVSA – once an oil industry crown jewel – has been hammered, from its cargoes being seized by ConocoPhillips for debts owed to the loss of the Curacao refinery and its prized Citgo refineries in the US. But w ...

Hui Shan


Posted 1 month agoLink > VenezuelaOilgas +3

Your Weekly Update: 31 December 2018 - 4 January 2019

The market swang from balanced supply/demand to a supply crunch to a glut – dealing with American sanctions on Iranian crude exports, surging American crude oil production, the implosion of Venezuela's economy and signs that the global economy might be entering a slowdown. Sometime in the first q ...

Hui Shan


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

Your Weekly Update: 24 - 28 December 2018

In recent years, the growth of power sector has also created an influential demand for the industrial oil market in Bangladesh. The demand from the industrial machinery and equipment application also accounts for a major share of the total engine oil market and is driven by the end-user sectors s ...

Hui Shan


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

Your Weekly Update: 17 - 21 December 2018

When comparing the financial positions of U.S. oil producers as of the third quarter of 2018 with the third quarter of 2014, most measures of profitability and balance sheet fitness indicate companies should be able to weather the recent price downturn. Given the different price levels, oil compa ...

Hui Shan


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

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 month agoOpinion > OPECNon-OPECNOPEC +91

Your Weekly Update: 10 - 14 December 2018

There is so much shale liquids sloshing underneath the Permian formation in Texas and New Mexico, that even though it has already upended global crude market and turned the USA into the world's largest crude producer, there is still so much of it trapped inland, unable to make the 800km journey to ...

Hui Shan


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

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 2 months agoOpinion > Senator BingamanBingamanSanta Fe +71

Ineos & ConocoPhillips Conduct Exclusive Talks for North Sea Assets

INEOS (Ineos), a UK-based multinational chemicals company, is reportedly in exclusive talks with ConocoPhillips, an American multinational energy firm, for the acquisition of ConocoPhillips' assets inside the North Sea. Reports cite, the deal could potentially transform the London-based chemicals ...

Jui Kate


Posted 2 months agoPress > OilEnergyBusiness +3

ExxonMobil, Chevron Consider Mulling Dids for Endeavor Energy

Leading oil and gas giants Exxon Mobil Corporation and Chevron Corporation are reportedly among the companies considering first-round bids to acquire oil producer Endeavor Energy Resources LP. As per trusted sources, Endeavor is currently valued at around USD 15 billion including debt. Reportedly, ...

Jui Kate


Posted 2 months agoPress > OilEnergyPower +4

Siemens Gamesa Bags 176.8 MW Wind Energy Contracts From ReNew Power

Reports confirm that Siemens Gamesa Renewable Energy SA has won contracts for building and equipping 176.8 MW of wind power projects in India for ReNew Power, an independent power producer (IPP). The company will establish a 100.8 Megawatt (MW) wind farm, in the Kutch district of Gujarat and a plant ...

Jui Kate


Posted 3 months agoPress > Oilgaswind +6

Acciona to Invest in Renewable Energy & Infra Projects in Philippines

Acciona S.A., a Spanish infrastructure company, has reportedly announced the expansion of its operations in Philippines and plans to recruit more manpower as it looks for opportunities in the renewable energy sector in collaboration with a local company. Reports cite, Acciona is weighing the poten ...

Jui Kate


Posted 3 months agoPress > EnergyOilPower +2

Saudi Aramco to Acquire Stakes in a Mega Oil Refinery in China

Saudi's Aramco is reportedly planning to buy a stake in an upcoming major Chinese refinery. It is the company's new investment in the world's largest oil market as it follows a strategy of procuring avenues for oil sales. Abdulaziz M Al-Judaimi, Senior Vice President of downstream operations at Ara ...

Jui Kate


Posted 3 months agoPress > OilOil and GasEnergy +5

Your Weekly Update: 8 - 12 October 2018

However, crude oil with API gravity of 40 to 50 degrees accounted for the largest share of Texas production, at 55%, in 2017. About 90% of North Dakota's 2017 crude oil production had an API gravity of 40 to 50 degrees. In 2017, 7.6 million b/d (96%) of imported crude oil had an API gravity of 4 ...

Hui Shan


Posted 4 months agoLink > Oiloil and gas newsOil and Gas Industry +7