Hey, We Actually Solved a Problem, America!

Earlier this week, 18 miles off the coast in the Gulf of Mexico, the Louisiana Offshore Oil Port loaded its first large oil supertanker with U.S. crude for export to the Chinese port of Rizhao. Back in 2006, President George W. Bush declared “America is addicted to oil” in his State of the Union Address […]

By February 23, 2018 0 Comments Read More →

Attack on fossil fuels industry ominous: McGOVERN

Bless or curse oil and natural gas, but don’t downplay their importance in our lives, from keeping the lights on to health care.  People suffering from strokes, emphysema or even the flu are being treated with medicines made from chemicals derived from oil or gas. The extent of the medical system’s dependence on oil and […]

By February 22, 2018 0 Comments Read More →

U.S. Ethane Consumption, Exports to Increase as New Petrochemical Plants Come Online

Over the next two years, EIA’s Short-Term Energy Outlook (STEO) projectsgrowth in U.S. consumption of ethane in the petrochemical industry will exceed increases in consumption of all other petroleum and liquid products—such as motor gasoline, distillate, and jet fuel—combined. EIA also projects that ethane exports will continue increasing, as ethane is exported both by pipeline […]

By February 21, 2018 0 Comments Read More →

WAGUESPACK: Forget Politics, Let’s Use The Checkbook To Smoke ‘Em All Out

It has become a new national pastime for folks to spend time bemoaning the rise of “partisanship” and to complain about how divided the country has become. This mantra has been bought hook, line and sinker by both the left and the right. Partisanship and petty politics are often blamed for all that ails us, […]

By February 20, 2018 0 Comments Read More →

Accelerated Growth of Light Crude Production is Driving the United States to Become a Global Oil Exporter

The phenomenal surge in United States oil exports over the last year has grabbed headlines and defied all expectations of the impact of the December 2015 lifting of the US crude ban. Lost in the excitement is the fact that the volumetric growth in US crude exports – which averaged 1.5 million barrels per day since […]

By February 19, 2018 0 Comments Read More →

U.S. Proved Reserves of Natural Gas Up in 2016, Oil Reserves Remained Unchanged

The United States had 341.1 trillion cubic feet (Tcf) of natural gas proved reserves as of the end of 2016, an increase of 5% from 2015, according to EIA’s recently released U.S. Crude Oil and Natural Gas Proved Reservesreport. U.S. crude oil and lease condensate proved reserves remained virtually unchanged from their 2015 level, at […]

By February 16, 2018 0 Comments Read More →

Over $58.5bn Will be Spent on North Sea’s Upstream Capex by 2020, says GlobalData

An average capital expenditure (capex) of $19.5bn per year is forecast to be spent on 568 oil and gas fields in North Sea between 2018 and 2020, according to GlobalData, a leading data and analytics company. Capital expenditure in the North Sea’s traditional oil projects will add up to $35.5bn over the three-year period, while […]

By February 15, 2018 0 Comments Read More →

For energy dominance, make states equal partners in offshore energy

President Trump’s ambitious plan for expanded drilling off the coasts has caused quite a stir. As initially proposed, the plan would open up for development 98 percent of undiscovered, technically recoverable oil and gas resources in offshore areas owned by the federal government. There are 47 potential lease sales off the nation’s coasts that, if leased, […]

By February 14, 2018 0 Comments Read More →

China Leads Globally with Most Planned Delayed Coking Unit Capacity Additions, says GlobalData

Analysis of the planned delayed coking units (DCU) capacity of refineries shows that the Jieyang refinery in China has the highest planned DCU capacity globally with 153 thousand barrels per day (mbd). Saudi Arabia has the second highest with 104 mbd and Panjin II and Palu are jointly in third with 78 mbd, according to […]

By February 13, 2018 0 Comments Read More →

Oil Prices Ravaged By Financial Turmoil

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A rebound for the greenback led to a steep decline in […]

By February 12, 2018 0 Comments Read More →