International


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EIA projects that natural gas consumption in Asia will continue to outpace supply

According to the U.S. Energy Information Administration's (EIA) latest International Energy Outlook 2019 (IEO2019) Reference case, future growth in natural gas consumption is concentrated in developing nations—those outside of the Organization for Economic Cooperation and Development (OECD)—especi ...

Hui Shan


Posted 18 days agoLink > ConsumptionDemandInternational +5

China adds incentives for domestic natural gas production as imports increase

Natural gas production has recently grown in China largely because of increased development in low-permeability formations in the form of tight gas, shale gas, and to a lesser extent, coalbed methane. In June 2019, the Chinese government introduced a subsidy program that established new incentive ...

Hui Shan


Posted 24 days agoLink > ProductionsupplyConsumption +9

EIA projects that renewables will provide nearly half of world electricity by 2050

Resource availability, renewable policies, regional load growth, and declining technology costs drive EIA's projected increase in global electricity generation from solar technologies. EIA projects that China is the country that will see the most growth in solar generation because of its growing ...

Hui Shan


Posted 1 month agoLink > generationInternationalIEO +6

Saudi Arabia crude oil production outage affects global crude oil and gasoline prices

Although U.S. imports of crude oil from Saudi Arabia have declined during the past three years—and recently hit a four-week average record low of 380,000 b/d in the week ending September 6—the United States still imports about 7 million b/d of crude oil. Saudi Arabia can use these inventories to ...

Hui Shan


Posted 1 month agoLink > pricesInternationalGasoline +6

This Week in Petroleum: 2018 OPEC net oil export revenues highest since 2013, but likely to decline

EIA estimates net oil export revenues based on oil production—including crude oil, condensate, and natural gas plant liquids—and total petroleum consumption estimates, as well as crude oil prices forecast in the August 2019 Short-Term Energy Outlook (STEO). EIA's net oil export revenues estimate ...

Hui Shan


Posted 2 months agoLink > exportsImportsInternational +7

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 ...

Hui Shan


Posted 3 months agoLink > InternationalexportsImports +6

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 ...

Hui Shan


Posted 3 months agoLink > InternationalChinaSaudi Arabia +7

This Week in Petroleum

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 4 months agoLink > ChinaCrude oilexports +7

Saudi Arabia used less crude oil for power generation in 2018

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 5 months agoLink > ElectricityOilpetroleum +3

Saudi Arabia has significantly reduced the amount of crude oil used for power generation

Power plants in Saudi Arabia burned an average 0.4 million barrels per day (b/d) of crude oil in 2018 directly for power generation, the lowest amount since at least 2009, the earliest year that data are available from the  Joint Organizations Data Initiative  (JODI, Figure 1). According to the JOD ...

Hui Shan


Posted 6 months agoOpinion > Electricityelectricity generating fuel mixInternational +6

Exploration & Production Accounting Level 1

This introductory-level course provides a comprehensive overview of international accounting and finance practices in the E&P industry. It is particularly suitable for finance personnel who are new to the oil and gas industry, or want to gain a broader understanding of oil and gas financial policy, ...

MDT International - MDT International Ltd


Dubai   Dubai   AE 12 Mar 2019


Posted 10 months agoTraining > InternationalAccountingexploration +9

PetroSync - ISO 55000 Asset Management International Standard in Malaysia

PetroSync   with  Mr. Ahmed Danish  organizing a 3 days training course on  ISO 55000 - Asset Management International Standard.  This course is an introductory workshop to the new international standard ISO 55000 and also covers the integration between asset integrity management (AIMS) eleme ...

PetroSync Global Pte Ltd - PetroSync


Bangkok     TH 13 May 2019


Posted 10 months agoTraining > PetroSyncahmed danishISO +32

PetroSync - ISO 55000 Asset Management International Standard in Malaysia

PetroSync   with Mr. Ahmed Danish organizing a 3 days training course on ISO 55000 - Asset Management International Standard.  This course is an introductory workshop to the new international standard ISO 55000 and also covers the integration between asset integrity management (AIMS) elemen ...

PetroSync Global Pte Ltd - PetroSync


    MY 05 Sep 2018


Posted 1 year agoTraining > PetroSyncahmed danishISO +26

PetroSync - ISO 55000 Asset Management International Standard

PetroSync   with Mr. Ahmed Danish organizing a 3 days training course on ISO 55000 - Asset Management International Standard.  This course is an introductory workshop to the new international standard ISO 55000 and also covers the integration between asset integrity management (AIMS) elemen ...

PetroSync Global Pte Ltd - PetroSync


    TH 11 Jun 2018


Posted 1 year agoTraining > PetroSyncahmed danishISO +25

International Oil Trading - Advanced Techniques and Strategic Price Risk Management

This course covers the advanced trading techniques applicable to the management of price risk in international oil trading. Through a variety of case studies, delegates will learn the techniques involved in trading and how to address day-to-day problems of managing the price risk associated with th ...

Ayesha Varshney


Singapore     SG 04 Jun 2018


Posted 1 year agoTraining > Oiloil tradingtrading +7