IOCs enhanced resilience at low oil prices in 2018
19/02/2019 | 16:14 GMT London | Despite the 40% decline in oil prices in the fourth quarter in 2018, International Oil Companies (IOCs) have reported increased production of hydrocarbons ranging from 1-23% […]
Oil could soon be transforming Guyana’s economy
08/02/2019 | 01:09 GMT | London | Guyana, an English-speaking country on South America’s north Atlantic coast on the eastern side of Venezuela, is set to become a major producer of hydrocarbons. […]
BP performance and oil price expectations
06/02/2019 | 20:52 GMT | London | As Oil prices go higher, returns go higher, said Bob Dudley when asked about his expectation for the oil price after BP announced its financial […]
Potential implications of Venezuela’s production decline
05/02/2019 | 02:47 GMT | London | Venezuela’s oil production could decline to less than 1 million barrel per day, from a current production level of 1.1 million barrels per day, says […]
Exxon doubles its crude refining in Beaumont
29/01/2019 | 22:23 GMT | Texas | Driven by the significant increase in the US shale oil production, ExxonMobil has announced today it will add a new crude processing unit to its […]
Key Takeaways from the EIA Outlook
28/01/2019 | Washington DC | The US Energy Information Administration (EIA) has just released its Annual Energy Outlook (AEO) for the year 2019 which shows a significant increase in the production of […]
China’s Oil Demand Strong Despite Economic Slow Down
27/01/2019 | Davos-Klosters | China continues to exhibit strong oil demand which rose by 3.5% this year, to 10.7 million barrels a day, compared with 4.3% average growth in the past years, […]
Growth in shale was due to investments, Not price
23/01/2019 | Davos-Klosters | According to the US Energy Information Administration (EIA), the US oil production increased from 6 mbbl/d, in 2010 to 9 mbbl/d, in 2015, and further to 11.7 mbbl/d […]
Electricity demand grows two times faster than energy demand
22/01/2019 | Davos-Klosters | The growth in energy demand has been driven by economic growth in emerging economies including China, India, and the ASEAN countries. However, the growth rate of electricity demand […]
What might energy leaders discuss in Davos 2019?
22/01/2019 | Davos-Klosters | Energy leaders are expected to have a busy week in Davos starting today early morning in Alpine resort. Many prominent officials have been confirmed to be attending including […]
Could Natural Gas be a future transport fuel?
21/01/2019 | London | There is a global consensus that natural gas may play a key role in future clean energy systems. The combustion of natural gas releases around 40-50% less carbon […]
Blockchain-Based Oil Trade: Opportunities and Challenges
17/01/2019 | London | Oil companies including Chevron, Total, and the Indian refining giant, Reliance, have formed a new consortium for a blockchain-based oil trade digital platform, VAKT, considered to be the […]
Lower car sales in China could reduce its oil demand in 2019
15/01/2019 | Beijing | China has had an unprecedented decrease in the number of internal combustion cars this year with total sales of 28.08 million cars sold, a decrease by 2.8% from […]
How could the Caspian field change the gas landscape in Europe?
14/01/2019 | London | Over 40% of the EU gas imports is originated from Russia. The recent potential discovery of new gas fields in Azerbaijan could change the picture and reduce Europe’s […]