Motor gasoline accounted for almost half of U.S. petroleum consumption in 2019
Just a few days ago, Chevron sent a tremor through the LNG industry when it announced that it was putting its stake in Australia's giant North West Shelf project up for sale, having received ‘unsolicited approaches from a range of credible buyers'. The North West Shelf Project kicked off in the 1 ...Building and maintaining a modern asset ecosystem
In this opinion piece we discuss the importance of maintaining an Asset Ecosystem, how to leverage the benefits of an asset maintenance system using industry best practices and assessing and identifying strategic assets you can apply a comprehensive asset maintenance strategy too. Managing a mode ...Marcus Kelly - TouchstoneEnergy
Modernising plant & equipment: Adopting industry best practice maintenance strategies
While the major price swings of energy production in the last decade may seem like they're firmly in the past, the future of the energy sector is anything but certain. Many companies have learned lessons from the industry's unexpected turns and implemented processes that are designed to avoid past ...Marcus Kelly - TouchstoneEnergy
Oil and gas industry faces huge loss
BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...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 ...TouchstoneEnergy launches Infor EAM Fast Track
TouchstoneEnergy launches Infor EAM Fast Track. An Infor Enterprise Asset Management implementation in less than 4 weeks. Infor EAM is a comprehensive enterprise maintenance management solution that provides users with instant access to critical information allowing your organisation to optimise as ...Marcus Kelly - TouchstoneEnergy
Major slowdown expected in U.S. shale oil production
Last in a five-part series: Behind the BoomThe shale-oil tsunami that has flooded New Mexico with a wave of petro dollars in recent years may be receding somewhat as U.S. production faces its first significant decline since the gushers began nearly eight years ago. Signs of trouble are showing up ...
Changing nature of non-OPEC supply types may be affecting the crude oil futures marketChanges in the oil investment and production cycle may be affecting trading dynamics for West Texas Intermediate (WTI) and Brent crude oil futures contracts. Similar research from the U.S. Commodity Futures Trad ...The United States now exports crude oil to more destinations than it imports from
As U.S. crude oil export volumes have increased to an average of 2.8 million barrels per day (b/d) in the first seven months of 2019, the number of destinations (which includes countries, territories, autonomous regions, and other administrative regions) that receive U.S. exports has also increase ...ESAI Energy Details the Growing LNG Surplus
Expert Analysis on Growing LNG Market BOSTON, MA, October 16, 2019 – ESAI Energy, an industry-leading energy market research and forecasting firm, examines the impact of an impending global LNG surplus for its clients, complementing the firm's offerings in crude oil, natural gas, refining, pe ...
For the United States and Russia, petroleum and natural gas production is almost evenly split; Saudi Arabia's production heavily favors petroleum. Petroleum production is composed of several types of liquid fuels, including crude oil and lease condensate, natural gas plant liquids (NGPLs), and bi ...TODAY IN ENERGY: Australia is on track to become world’s largest LNG exporter
In the August 2019 Short-Term Energy Outlook (STEO), the U.S. Energy Information Administration (EIA) forecasts relatively flat crude oil prices for the remainder of 2019 and through 2020 and a balanced global oil market in 2019 followed by modest inventory builds in 2020 as production growth outp ...
Facing a tough situation where shale oil prices are depressed due to a lack of infrastructure to send them to the US Gulf Coast for processing and export, independent US shale drillers are facing financial pressure as loans are no longer handed out like candy and investors are demanding results. ...
A warm winter in Asia and declining price differentials between European and Asian spot natural gas prices led to increased volumes of U.S. LNG exports delivered to Europe. Recent declines in price differentials between European pricing benchmarks (including National Balancing Point (NBP) in the ...TODAY IN ENERGY: Saudi Arabia has been exporting more crude oil to China, less to the United States
Four Asia-Pacific countries that publish crude oil imports by country of origin—China, Japan, South Korea, and Taiwan—collectively imported an average of 3.5 million b/d of crude oil from Saudi Arabia in 2018. China's, Japan's, and Taiwan's 2019 year-to-date crude oil imports from Saudi Arabia ar ...
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Dräger confirms ongoing Aberdeen investment as it reaffirms commitment to UK oil and gas hub