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Changing Investment Winds In The Middle East

The latest headline involving ADNOC, Abu Dhabi's state oil firm, hasn't really made the rounds beyond the industry's eyes but it is crucial to understanding how the Middle East oil sector could adapt to the changing industry over the next few decades. Then late 2019, ADNOC partnered with Italy's ...

Hui Shan


Posted 5 days agoLink > Abu DhabiADNOCinvestment +4

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 ...

Hui Shan


Posted 11 days agoLink > ImportsProductionUnited States +3

The Future of North West Shelf LNG in Australia Turns

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 ...

Hui Shan


Posted 12 days agoLink > LNGShellAustralia +4

The (New) Force Behind Upstream Asset Buys

In times of crisis, oil and gas company default to two things: staff layoffs and asset sales. Factor in the strengthening climate change argument that is changing the core strategies of energy supermajors, the idea of buying a (potentially distressed) oil or gas asset is now quite unappealing, no ...

Hui Shan


Posted 19 days agoLink > ExxonMobilShellBP +9

SHORT-TERM ENERGY OUTLOOK

Bounce back in China's manufacturing sector points the way; other countries expected to follow as lockdown is liftedLatest in series of on-line ADIPEC Energy Dialogues hears it could be late 2021 before oil and gas markets recover to 2019 volumesOPEC+ supply constraints coming under pressure from ...

Hui Shan


Posted 23 days agoLink > EmissionsHydrocarbonOil +8

The Impact of COVID 19 In The Downstream Oil & Gas Sector

This overcapacity is intentional; since most refineries do not run at 100% utilisation all the time and many will shut down for scheduled maintenance periodically, global refining utilisation rates stand at about 85%. Just as shutting down an oil rig can take weeks to complete, shutting down an e ...

Hui Shan


Posted 1 month agoLink > Oil Refiningdownstreamcovid-19 +5

North American crude oil prices are closely, but not perfectly, connected

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 1 month agoLink > pricesLiquid FuelsCrude oil +7

Financial Review: 2019

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 1 month agoLink > Financemarketsfinancial review +5

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 1 month agoLink > WTIWest Texas IntermediateBrent +8

EIA expects record liquid fuels inventory builds in early 2020, followed by draws

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 1 month agoLink > ProductionsupplyConsumption +8

Large battery systems are often paired with renewable energy power plants

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 1 month agoLink > generationElectricityStorage +3

The State Of The Industry: Q1 2020 Financials

As the Covid-19 slowly but surely eases, the oil and gas industry has released its financial results for Q1 2020. As it were, the Q1 2020 financial results from the five oil supermajors paint a mixed picture. Reducing dividends were a common denominator across the board in the industry, with Nor ...

Hui Shan


Posted 1 month agoLink > ExxonMobilShellBP +6

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 1 month agoLink > QATARAustraliaLNG +6

EIA expects energy-related carbon dioxide emissions to fall 11% this year

EIA assumes OPEC members will mostly adhere to announced cuts during the first two months of the agreement (May and June) and that production compliance will relax later in the forecast period as stated production cuts are reduced and global oil demand begins growing. From that point, EIA expects ...

Hui Shan


Posted 1 month agoLink > STEOshort term energy outlookCarbon Dioxide +2

EIA raises crude oil price outlook slightly as announced supply cuts lead to high inventory draws in 2021

EIA assumes OPEC members will mostly adhere to announced cuts during the first two months of the agreement (May and June) and that production compliance will relax later in the forecast period as stated production cuts are reduced and global oil demand begins growing. From that point, EIA expects ...

Hui Shan


Posted 1 month agoLink > Crude oilLiquid Fuelsnon Opec +7