Economics/Statistics
News
October 16, 2019
Under the terms of the agreement, ADNOC and REA will jointly explore opportunities for collaboration in relation to Abu Dhabi’s exploration and production concessions.
News
October 16, 2019
Soaring oil-tanker costs are drying up activity in the U.S. export market as sellers are slow to lower offers and buyers are skittish, according to market participants.
News
October 16, 2019
Not only will the vote determine the future of carbon taxes, pipeline approvals and environmental regulations, it’s also a referendum on a dispute central to the country’s identity: Is Canada a global oil superpower or is it a leader in fighting climate change?
News
October 16, 2019
The International Energy Agency, the U.S. Energy Information Administration and the Organization of Petroleum Exporting Countries all see global oil inventories building in the first half of next year, as they almost unanimously cut their forecasts for oil demand growth for 2019 and 2020.
News
October 15, 2019
The European Investment Bank stopped short of agreeing a strategy to limit funding for fossil fuels, a plan that would help step up Europe’s ambition to fight climate change.
News
October 15, 2019
The award is for the design and procurement of equipment with construction technical assistance for a seawater treatment plant sized for 263,244 bpd of low sulphate water and 31,700 bpd of reverse osmosis process water for the Liza Unity FPSO.
News
October 15, 2019
The deal highlights how the retreat of some oil majors in recent years is allowing independent players to grow.
News
October 15, 2019
Hunting’s TEK-HUB is opening the technology initiative in a bid to support energy industry innovators in Europe and beyond.
News
October 15, 2019
“At current rates, owners could pay back a 10-year-old VLCC, valued at $47m including scrap value of $16m, after only two trips,” Clarksons Platou analysts said in a research note Monday.
News
October 15, 2019
Oil dropped the most in two weeks amid concern that the recent U.S.-China trade talks won’t lead to a deal.
News
October 15, 2019
Gazprom reports preparations for the first pipeline supplies of Russian gas to China via the Power of Siberia gas pipeline, among several other eastern Russia gas projects.
News
October 14, 2019
The day rate for a standard tanker East of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s COSCO Shipping Corp. start to hit just as the heating season begins to boost demand.
News
October 14, 2019
“If senators want cleaner power, advocating for more natural gas-generated electricity would be a more effective route than generating more red tape,” wrote Scott Parker, rapid response & content manager at the API.
News
October 14, 2019
The portfolio will provide Neptune with material growth in contingent resources, an estimated 30 MMboe of 2P reserves and near-term production in core areas of the North Sea close to infrastructure.
News
October 14, 2019
"Jagged Peak's oily, high-margin asset base slots in nicely to our returns-focused development approach, its acreage footprint and water infrastructure dovetails into our legacy Delaware Basin position," said Matt Gallagher, Parsley's president and CEO.
News
October 14, 2019
Following the integration of the Houston Exova laboratory and a major upgrade of $5 MM in technologies and technical expertise with ISO 17025 and Nadcap accreditation, the Element Houston site now hosts 150 experts across eight departments.
News
October 14, 2019
“I don’t think the call for the end of shale is stronger this year,” said Ed Morse, global head of commodities research at Citigroup Global Markets Inc. “But it’s more detailed.”
News
October 14, 2019
Oil short-selling has more than doubled in three weeks, with attacks on oil facilities and tankers unable to push prices higher for very long.
News
October 14, 2019
Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state a greater share of income when oil exceeds $20/bbl.
News
October 14, 2019
Santos Ltd. agreed to buy ConocoPhillips’ northern Australia business for $1.4 billion in a deal that will boost the Adelaide-based oil and gas producer’s position in the growing Asian liquefied natural gas market.
