RSS

Gas

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

Following the news (Thursday 7 February) of a major gas discovery in South Africa by Total SA, Jonathan Markham, Oil & Gas Analyst at GlobalData, a leading data and analytics company, offers his view on the find and the industry in South Africa Read more

Drilling & Exploration

Equinor has, together with its partners Petoro, ExxonMobil and Total, proven gas and condensate in the Norwegian Sea Ragnfrid North (6406/2-9 S) exploration well. Recoverable resources are estimated at 6-25 million barrels of oil equivalent. Read more

Drilling & Exploration

As we enter 2019, the mood in the LNG market is mixed. The big LNG buyers are back, and we are set for a record year for supply in terms of both production growth and new project FIDs. Read more

Natural Gas/LNG

The 2018 Atlantic hurricane season produced 13 named storms as of October 5, including 6 hurricanes. Read more

Refining & Petrochemical Processing

Subscribe to our mailing list

* indicates required
BIC Magazine Enewsletters
Recruiting