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The Winds of War and Oil Markets

Financial sanctions came first, then sanctions on crude oil exports from Iran. But the situation was diffused when the US introduced waivers for 8 major importers of Iranian crude in November 2018, calming the markets. Not just because the extension of the current OPEC+ deal could be scuppered, ...

Hui Shan


Posted 1 day agoLink > IranMiddle Eastoil price +3

Your Weekly Update: 17 - 21 June 2019

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 days agoLink > Oiloil and gas newsOil and Gas Industry +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 5 days agoLink > ChinaCrude oilexports +7

Indonesia’s Abadi LNG Project Sees Movement

It has been 21 years since Japanese upstream firm Inpex signed on to explore the Masela block in Indonesia in 1998 and 19 years since the discovery of the giant Abadi natural gas field in 2000. Inpex had submitted its first development plan for Abadi in 2010, encompassing a Floating LNG project w ...

Hui Shan


Posted 6 days agoLink > AbadiLNGIndonesia +5

Your Weekly Update: 10 - 14 June 2019

With Russian Finance Minister Anton Siluanov suggesting that there was a risk that oil prices could fall as low as US$30/b and the Saudi Arabia-Russia alliance preparing for a US$40/b oil scenario, it looks more and more likely that the production deal will be extended to the end of 2019. The maj ...

Hui Shan


Posted 8 days agoLink > OilOil and Gas Industryoil and gas companies +3

Upcoming OPEC Meeting: What to Expect

With Russian Finance Minister Anton Siluanov suggesting that there was a risk that oil prices could fall as low as US$30/b and the Saudi Arabia-Russia alliance preparing for a US$40/b oil scenario, it looks more and more likely that the production deal will be extended to the end of 2019. The maj ...

Hui Shan


Posted 12 days agoLink > OPECoil priceShale +3

Sempra Energy ships first liquefied natural gas cargo from Cameron LNG export facility

On May 31, 2019, Sempra Energy, the majority owner of the Cameron liquefied natural gas (LNG) export facility, announced that the company had shipped its first cargo of LNG, becoming the fourth such facility in the United States to enter service since 2016. Cameron LNG has regulatory approval to ...

Hui Shan


Posted 13 days agoLink > exportsImportsLNG

SHORT-TERM ENERGY OUTLOOK

On May 31, 2019, Sempra Energy, the majority owner of the Cameron liquefied natural gas (LNG) export facility, announced that the company had shipped its first cargo of LNG, becoming the fourth such facility in the United States to enter service since 2016. Cameron LNG has regulatory approval to ...

Hui Shan


Posted 13 days agoLink > STEOLiquid FuelsEmissions +4

Joint Venture (JV) Engineering Specialist

Introduction Saudi Aramco  is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, marketing, and petrochemicals manufacturing. We not only look for individuals who can meet our expectations, but for those individuals who can ...

Hui Shan


Kuala Lumpur   Federal Territory of Kuala Lumpur   MY Permanent  


Posted 16 days agoJob > Oilgasjobs +4

Drilling Foreman

Introduction Saudi Aramco's  Exploration & Producing (E&P) business line oversees the world's largest reserves of conventional crude oil, and the fourth-largest reserves of natural gas. The Company's reserves portfolio include Ghawar, the world's largest onshore oil field, and Safaniya, the lar ...

Hui Shan


Kuala Lumpur   Federal Territory of Kuala Lumpur   MY Permanent  


Posted 16 days agoJob > Oilgasoilandgasjobs +4

Drilling Engineer

Introduction Saudi Aramco  is a fully integrated, global petroleum enterprise, and a world leader in exploration and producing, refining, distribution, marketing, and petrochemicals manufacturing. We not only look for individuals who can meet our expectations, but for those individuals who can ...

Hui Shan


    MY Permanent  


Posted 16 days agoJob > OilgasCrude +3

Your Weekly Update: 3 - 7 June 2019

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


Posted 18 days agoLink > Oiloil and gas newsOil and Gas Industry +7

Escalating Trade Wars and Oil Markets

U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. In 2018, 20% of all Gulf Coast crude oil imports were from Venezuela, an annual average of 498,000 ...

Hui Shan


Posted 18 days agoLink > nrgedgeOilgas +10

This Week in Petroleum: Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply

Lowest crude oil imports since 1986 indicate changes in U.S. Gulf Coast crude oil supply U.S. Gulf Coast crude oil imports averaged 1.8 million barrels per day (b/d) in March 2019, the lowest level since March 1986 and significantly lower than the peak of 6.6 million b/d in March 2007. Preliminary ...

Hui Shan


Posted 19 days agoOpinion > CanadaCrude oilexports +8

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 21 days agoLink > ElectricityOilpetroleum +3