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Oil

A decade ago, in December 2008, shale gas and tight oil accounted for 16% of total U.S. gas production and about 12% of U.S. total crude oil production. 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

EIA projects that, for the first time since the 1950s, the United States will export more energy than it imports by 2020 as increases in crude oil, natural gas, and natural gas plant liquids production outpace growth in U.S. energy consumption. Read more

Natural Gas/LNG

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

The 2018 increase is the largest in energy-related CO2 emissions since 2010. Read more

Health, Safety & Environmental

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Read more

Commodities

Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Read more

Offshore & Marine

Oil prices rose about 2 percent on Tuesday, along with world stock markets, supported by China’s plan to introduce policies to stabilize a slowing economy, reversing the previous session’s losses due to grim data in the world’s second-largest economy Read more

Commodities

Brent crude oil averaged $72 per barrel (b) in 2018, nearly $17/b more than the average price for Brent in 2017. Read more

Commodities

Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016. Read more

Power Generation

After increasing 25% from January through the beginning of October in 2018, the spot energy index in the S&P Goldman Sachs Commodity Index (GSCI) ended the year 21% lower than at the beginning of the year. Read more

Commodities

International regulations limiting sulfur in fuels for ocean-going vessels, set to take effect in January 2020, have implications for vessel operators, refiners, and global oil markets. Read more

Offshore & Marine

Increased oil and natural gas development in the Wolfcamp play has helped drive overall crude oil and natural gas production growth in the Permian Basin during the past decade. Read more

Drilling & Exploration

The total number of wells producing crude oil and natural gas in the United States fell to 991,000 in 2017, down from a peak of 1,039,000 wells in 2014. Read more

Drilling & Exploration

Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a range of punitive sanctions on Iran, aiming to curb exports by the Islamic Republic, including its sales of fuel. Read more

Commodities

The U.S. Energy Information Administration’s (EIA) latest analysis of planned refinery outages for the fourth quarter of 2018 finds that planned outages in the United States are not likely to cause a shortfall in the supply of petroleum products. Read more

Refining & Petrochemical Processing

Oil prices stabilized on Thursday, bouncing back from an early sell-off after Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011. Read more

Commodities

As domestic production continues to increase, the average density of crude oil produced in the United States continues to become lighter. Read more

Refining & Petrochemical Processing

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

Refining & Petrochemical Processing

The density of crude oil processed by U.S. Gulf Coast refineries has become lighter since 2008 as refineries moved away from heavier imported crude oil to lighter crude oil produced in Texas. Read more

Refining & Petrochemical Processing

Heading into the 2018 Memorial Day weekend, regular gasoline prices averaged $2.92 per gallon (gal) nationally on May 21, up from last year’s price of $2.40/gal before the holiday weekend. Read more

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