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EIA: Power sector pushed domestic U.S. natural gas consumption to new record in 2018

2 months ago DieselGasoil Comments Off on EIA: Power sector pushed domestic U.S. natural gas consumption to new record in 2018
3/25/2019 Source: U.S. EIA. U.S. natural gas consumption increased by 10% in 2018, reaching a record high of 82.1 Bcfd, according to EIA’s recently released Natural Gas Monthly. Domestic consumption of natural gas increased across all sectors in 2018, led by a 3.8 Bcfd increase in the electric power sector caused by a combination of Read More

Gazprom Neft, Schlumberger develop cooperation agreement in well-logging technology

2 months ago DieselGasoil Comments Off on Gazprom Neft, Schlumberger develop cooperation agreement in well-logging technology
3/25/2019 MOSCOW — Gazprom Neft and Schlumberger made an agreement on technological cooperation in well logging. The document was signed by Vadim Yakovlev, first deputy CEO, Gazprom Neft, and Sergey Slyusenko, managing director, Gazpromneft-Noyabrskneftegazgeofizika and Gokhan Saygi, president of Schlumberger RCA. The new agreement is a logical follow-up to the agreements achieved in 2011, when Read More

ADNOC awards Block 1 exploration rights to Indian consortium

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3/25/2019 Photo: His Excellency Dr. Sultan Ahmed Al Jaber, UAE minister of state and ADNOC Group CEO, Duraiswamy Rajkumar, chairman and managing director of Bharat Petroleum Corporation, and Sanjiv Singh, chairman of Indian Oil Corporation. ABU DHABI — The Abu Dhabi National Oil Company (ADNOC) signed agreements, awarding the exploration rights for Abu Dhabi Onshore Read More

Ivory Coast to conclude licensing of six oil blocks by midyear

2 months ago DieselGasoil Comments Off on Ivory Coast to conclude licensing of six oil blocks by midyear
By Leanne de Bassompierre and Paul Burkhardt on 3/25/2019 ABIDJAN and JOHANNESBURG (Bloomberg) — Ivory Coast plans to conclude the licensing of six oil blocks by June as the country seeks to increase crude output amid rising interest from supermajors to explore in West Africa. The government is in talks with French and Italian majors Read More

Shell makes aggressive move into UK retail power market

2 months ago DieselGasoil Comments Off on Shell makes aggressive move into UK retail power market
By Helen Robertson and Jeremy Hodges on 3/25/2019 LONDON (Bloomberg) — Royal Dutch Shell took a step forward in its aim to become the world’s biggest power company with an aggressive move into the UK retail market by offering one of the cheapest tariffs available. Shell Energy, formerly known as First Utility Ltd., said Monday Read More

China plans to invest in mature fields to boost production

2 months ago DieselGasoil Comments Off on China plans to invest in mature fields to boost production
By Aibing Guo on 3/25/2019 HONG KONG (Bloomberg) — China’s oil giants aim to spend the most in five years in pursuit of higher energy output. But unlike global rivals investing in top-tier assets, the state-owned producers are trying to boost supply from fields that are either old and high-cost or new and challenging. China’s Read More

Houston Ship Channel closure halts oil refiners

2 months ago DieselGasoil Comments Off on Houston Ship Channel closure halts oil refiners
By Joe Carroll and Rachel Adams-Heard on 3/24/2019 Photo: Houston Ship Channel. HOUSTON (Bloomberg) — The Houston Ship Channel won’t reopen until the U.S. Coast Guard verifies that a cloud of cancer-causing benzene has dissipated and oily runoff from the region’s worst chemical disaster in 14 years poses no threat to vessels or their crews. Read More

OPEC, Feds in fog of uncertainty

2 months ago DieselGasoil Comments Off on OPEC, Feds in fog of uncertainty
By Julian Lee on 3/24/2019 Photo: New York City. WASHINGTON (Bloomberg Opinion) — What do OPEC and the Federal Reserve have in common, other than being on the receiving end of angry tweets from President Donald Trump? They are both having a particularly terrible time assessing the outlook for demand, and this is making setting Read More

Pemex could receive $7 billion to pay ballooning debt

2 months ago DieselGasoil Comments Off on Pemex could receive $7 billion to pay ballooning debt
By Nacha Cattan on 3/24/2019 Photo: Banco de Mexico. MEXICO CITY (Bloomberg) — Bankers in Guayaberas huddled in Acapulco to roll out a new online payment system and to pledge financial inclusion. But all anyone could talk about in the corridors was the nation’s ailing oil company, Pemex, and a new plan to try and Read More

Wood awarded Pennsylvania pipeline project

2 months ago DieselGasoil Comments Off on Wood awarded Pennsylvania pipeline project
3/24/2019 HOUSTON — Wood has been awarded a $34 million contract from RH energytrans LLC to construct 28 mi of new pipeline designed to carry natural gas from Pennsylvania to Ohio. Awarded through a competitive tender process, Wood’s scope also includes the construction of the North Kingsville meter station in Ashtabula County, Ohio. The project Read More