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Average U.S. construction costs for solar and wind generation continue to fall

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 4 days agoLink > generationSolarElectricity +5

Fossil fuels account for the largest share of U.S. energy production and consumption

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 6 days agoLink > ProductionsupplyConsumption +12

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 6 days agoLink > Nord Stream 2GermanyPutin +8

Saudi Aramco – Dividends over Diversification

Aramco is still 98% owned by the Saudi government, and the federal coffers, which run everything from the national airline to plans to open up for official tourism are dependent on the dividends that Aramco pays. With dry season in the oil and gas world setting in, some of these projects must now ...

Hui Shan


Posted 10 days agoLink > Saudi AramcoSaudi ArabiaOPEC +7

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 19 days agoLink > WTIUSAPETRONAS +2

As U.S. coal-fired capacity and utilization decline, operators consider seasonal operation

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 19 days agoLink > generationCoalElectricity +3

South Korea is one of the world’s largest nuclear power producers

The new discovery, located in the Black Sea is an opportunity for Erdogan to change the narrative: claiming it as a historic step for domestic energy security and the fruits of an accelerating exploration drive that has put the country at loggerheads with its European neighbour(s). The details of ...

Hui Shan


Posted 24 days agoLink > Productionsupplygeneration +3

Turkey Strikes Its Largest Ever Gas Discovery

The new discovery, located in the Black Sea is an opportunity for Erdogan to change the narrative: claiming it as a historic step for domestic energy security and the fruits of an accelerating exploration drive that has put the country at loggerheads with its European neighbour(s). The details of ...

Hui Shan


Posted 26 days agoLink > TurkeyTunanatural gas +5

More power generation came from natural gas in first half of 2020 than first half of 2019

Just right now, Total has readied the Odfjell DeepSea Stavanger drill rig in the turbulent waters off South Africa, ready to spud a new wildcat in the offshore Block 11B/12B. And if Luiperd-1 meets expectations, it will be more than just success for Total, it will turn South Africa's upstream jou ...

Hui Shan


Posted 1 month agoLink > nrgedgepetroedgegeneration +4

Currency appreciation makes crude oil less expensive for some oil importers

Just right now, Total has readied the Odfjell DeepSea Stavanger drill rig in the turbulent waters off South Africa, ready to spud a new wildcat in the offshore Block 11B/12B. And if Luiperd-1 meets expectations, it will be more than just success for Total, it will turn South Africa's upstream jou ...

Hui Shan


Posted 1 month agoLink > exportsImportsBrent +6

South Africa’s Upstream Odyssey

Just right now, Total has readied the Odfjell DeepSea Stavanger drill rig in the turbulent waters off South Africa, ready to spud a new wildcat in the offshore Block 11B/12B. And if Luiperd-1 meets expectations, it will be more than just success for Total, it will turn South Africa's upstream jou ...

Hui Shan


Posted 1 month agoLink > AfricaSouth AfricaDeepSea Stavanger +5

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 1 month agoLink > STEOForecastCovid 19 +14

The State of the Industry: Q2 2020 Financial Performance

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 1 month agoLink > SupermajorShellTotal +13

Suriname’s Mega Discovery

US independent Apache announced it had made a ‘significant oil discovery' at the Maka-Central 1 well, the first suggestion that the Cretaceous oil formation in Guyana extended southeast to Suriname. For now, Staatsolie is looking to gain rights to 10-20% of any oil discovery within Suriname, but ...

Hui Shan


Posted 1 month agoLink > GuyanaExxonMobilStaebroek +4

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 1 month agoLink > OPECRussiaoil price +5