USA


All posts for USA

Nord Stream 2: Democratic Ideals or Business Reality

The incident that hardened the hearts of Germany , which had become increasingly isolated over the issue of the Nord Stream 2 natural gas pipeline that connects Russia to Germany through the Baltic Sea, was the hospitalisation of Russian opposition leader Alexei Navalny. Championed by former Germ ...

Hui Shan


Posted 2 months agoLink > Nord Stream 2GermanyPutin +8

Petronas Ventures Further West for New Opportunities

Malaysia's national oil company Petronas is reportedly looking into buying its way into US shale, with driller DoublePoint Energy the target. DoublePoint Energy has a 100,000 acre tranche of drilling rights smack in the prolific heart of the Permian, currently producing some 55,000 b/d of shale o ...

Hui Shan


Posted 2 months agoLink > WTIUSAPETRONAS +2

CYBERHAWK SUPPORTS MAJOR UTILITY INSPECT OVER 50,000 TRANSMISSION STRUCTURES IN CALIFORNIA

Cyberhawk, the global leader in drone-based inspection and creator of iHawk, a cloud-based asset visualization software, today announced that it secured a contract with a major California-based utility for the provision of UAV services.The contract, which was secured earlier this year through a comp ...

Saffron Cummings


Posted 3 months agoPress > CyberhawkdroneDrone inspection +10

SHORT-TERM ENERGY OUTLOOK

It is, obviously, unsurprising that the recently released Q2 financials for the oil & gas supermajors contained distressed numbers as the first full quarter of Covid-19 impact washed over the entire industry. To make this change, Looney is looking to shrink BP's oil and gas output by 40% through ...

Hui Shan


Posted 3 months agoLink > STEOForecastCovid 19 +14

Key Upstream Positive Developments Since April 2020

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 3 months agoLink > OPECRussiaoil price +5

2019 U.S. coal production falls to its lowest level since 1978

Noble will also bring with it established positions in the Eagle Ford basin, significant US midstream assets and upstream assets in Israel and Equatorial Guinea, swelling Chevron's proven oil and gas reserves by 18%. Neptune Energy hit oil at the Dugong well in the Norwegian North Sea, and China' ...

Hui Shan


Posted 3 months agoLink > ProductionsupplyCoal +4

2.7 million b/d US Crude Oil Pipeline Capacity Delayed in 2021

Pipeline projects in the US that were slated for start-up in 2021 are facing huge challenges from an uncertain demand outlook, lengthy court battles and regulatory review. ESAI Energy's recent North America Watch notes that while some projects already under construction are moving forward, about 2 ...

Jake Wright


Posted 4 months agoPress > DAPLOilDakota Access Pipeline +3

OPEC And The Journey Back to Normal

With just over two weeks to go before the largest coordinated crude oil supply cut in the world is set to expire, the 23-nation club that is OPEC+ gathered to discuss that very issue. OPEC itself predicts that world oil demand by rebound by 7 mmb/d in 2021 from an average of 90 mmb/d in 2020, wit ...

Hui Shan


Posted 4 months agoLink > OPECsaudiRussia +4

From Certain Doom To Cautious Optimism

A perfect storm of events – the Covid-19 lockdowns, the resulting effect on demand, an ongoing oil supply glut, a worrying shortage of storage space and (crucially) the expiry of the NYMEX WTI benchmark contract for May, resulted in US crude oil prices falling as low as -US$37/b. This was seen as ...

Hui Shan


Posted 6 months agoLink > WTIWest Texas IntermediateBrent +8

Qatar and the LNG Conundrum

In the same year, the US leapfrogged Malaysia as the third largest LNG exporter in the world, and by 2025, its LNG production capacity could reach almost 15 bcf/d – eclipsing both Qatar and Australia. With its recent moves to tap into the vast natural gas resources in its offshore North Field and ...

Hui Shan


Posted 6 months agoLink > QATARAustraliaLNG +6

What, And Where, To Shut?

In the extraordinary OPEC+ and G20 meetings that surrounded the coordinated deal, it was stated that the free market producers – mainly the US, Canada, Brazil and Norway – would make up a further cut of 5 mmb/d through natural ‘market adjustments'. This applies to OPEC states as well, such as Kuw ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +3

Deep Casing Tools secures UK patent for extended reach drilling innovation

A UK patent has been granted for new technology which can almost half the cost for extended reach drilling (ERD) well liner installations. Patents are also pending   in Europe, the USA, Canada, UAE and Saudi Arabia.   Deep Casing Tool's (DCT) MechLOK™ Drill Pipe Swivel (DPS) is the industry's ...

Saffron Cummings


Posted 6 months agoPress > well installationsUKOil and Gas +16

When The Pool Shrinks, The Fish Are Threatened

An entire phalanx of upstream service companies help build, operate and maintain the critical infrastructure necessary to extract oil in its natural form from deep below the ground and send it on its merry way to be turned into fuel for consumption. With all companies slashing upstream capex and ...

Hui Shan


Posted 6 months agoLink > OPECsaudiRussia +3

The WTI Oil Price Crash Explained

And now, unprecedented oil prices, as the WTI crude price marker slipped into negative territory for the first time ever. This had the same effect, though different contributing factors  in 2019, when WTI prices were depressed because demand was high but pipeline capacity was insufficient to carr ...

Hui Shan


Posted 7 months agoLink > WTIWest Texas IntermediateBrent +7

The Great “Too Little, Too Late” Deal

It immediately props up the current traded prices of crude oil, which were languishing in the US$25/b level before chatter of the deal emerged but it also is prescient enough to acknowledge that the negative impact of Covid-19 will linger for very long, hence the need for a long tail to the deal. ...

Hui Shan


Posted 7 months agoLink > OPECsaudiRussia +7