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Gas

The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions. Read more

Commodities

The U.S. Energy Information Administration projects that the United States will export more crude oil and petroleum products combined than it imports until 2050. Read more

Commodities

In November 2019, the United States exported 772,000 barrels per day (b/d) more petroleum than it imported, marking the third consecutive month in which the United States was a net petroleum exporter. Read more

Commodities

The Railroad Commission of Texas is opening a new oil and gas field office in Lubbock to serve energy activity in the northern section of the Permian Basin -- the nation’s top oil and gas producing region. Read more

Plant Management & Operations

The number of oil and gas company bankruptcies in the United States and Canada rose 50% in 2019 over the previous year, and is likely to increase as a slide in energy prices continues to shake producers. Read more

M&A/Investment

Oil and gas companies are facing a critical challenge as the world increasingly shifts towards clean energy transitions. Read more

Health, Safety & Environmental

U.S. regular retail gasoline prices averaged $2.60 per gallon (gal) in 2019, 11 cents/gal (4%) lower than in 2018. Read more

Commodities

A dark cloud of capacity constraints is casting a shadow over the oilfield service industry heading into 2020, mirroring the sharp growth in the number of new projects being brought forward by oil and gas operators. Read more

Offshore & Marine

Non-OECD Asian countries account for almost half of projected global natural gas consumption growth from 2018 through 2050. Read more

Natural Gas/LNG

U.S. oil and gas employment has started to fall as the sector contracts in response to lower prices over the last year – and further job losses are likely in the next few months as the rate of well drilling declines further. Read more

Drilling & Exploration

Refinery

Trong Nguyen

The US is expected to drive new-build gas processing capacity growth in the global gas processing industry from planned and announced (new-build) projects between 2019 and 2023. Read more

Refining & Petrochemical Processing

The U.S. average retail price for all formulations of regular gasoline on August 26, 2019, was $2.57 per gallon (gal), 25 cents/gal (9%) lower than the price at the same time last year. Read more

Commodities

Russian giant Gazprom saw the highest production growth over the last five years, followed by shale gas players in the US and China, while BP dominates among the majors Read more

Commodities

Linde announced today it has started up a new gas production facility supplying methane, hydrogen and carbon dioxide to Evonik Industries' second world-scale methionine complex on Jurong Island in Singapore. Read more

Refining & Petrochemical Processing

Brazil’s Petroleo Brasileiro SA is reorganizing its trading business, the company told Reuters on Monday, as the state-run oil firm seeks to best take advantage of an expected increase in oil and gas exports. Read more

Commodities

The new portfolio of Ingersoll Rand® ATEX-certified impact wrenches and drills includes seven heavy-duty pneumatic tools for use in hazardous atmospheres. Read more

New Products & Services

Norway had the highest number of oil and gas discoveries globally in the first quarter (Q1) of 2019 with five discoveries. Read more

Drilling & Exploration

EIA’s expected average is down 3% from the 2018 summer average of $2.85/gal, mainly because EIA expects crude oil prices will be lower than last summer. Read more

Natural Gas/LNG

Exxon Mobil Corp is considering exploring for oil and gas in Israel, said a person with direct knowledge of the matter, in what would make Exxon the first oil major to operate in the country still technically at war with Gulf Arab states. Read more

Drilling & Exploration

A total new-build capital expenditure (capex) of US$846bn is expected to be spent globally on planned and announced upstream projects from 2019 to 2025 Read more

Upstream

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    Oil Refinery, Chemical & Petrochemical plant abstract at night.

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