Category: Conventional Fuels

August 21, 2019

The energy transition is underway. While this transition is occurring across many dimensions of the energy value chain having a dynamic impact on consumers and producers alike, it is often simply described as a move to a cleaner, low- or […]

August 20, 2019

A mixed bag of interesting news events have been percolating up to the surface for the domestic oil and gas industry this week: A new study blaming the industry for rising methane emissions comes from old and predictable sources. – […]

August 16, 2019

The major trend in North American storage markets this year has been the focus on handling the continent’s burgeoning crude oil production. It is in a unique position among the world’s centres, with storage hubs in Asia-Pacific and Europe largely […]

August 14, 2019

Google “oil” and “curse” and you get about 25 million hits, which is pretty good considering “michael lynch petroleum idiot” only gets a quarter of a million. (To which my daughter once said, “Dad, if all those people think you’re […]

August 12, 2019

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as crude. International benchmark Brent crude futures were at $58.65 a barrel, up 10 cents […]

August 9, 2019

A United Nations mandate on the shipping industry to remove up to 85% of the sulfur content from its fuel to cut 3% of global carbon dioxide emissions could throw the industry into massive disruption. Some analysts argue it could […]

August 8, 2019

What we’re seeing is that [Permian Basin] wells drilled this year are continuing the trend of being better than they were the year before, across the whole Permian – the New Mexico Permian and the Texas Permian. Average per-well peak […]

August 8, 2019

Oil prices have tumbled in the past month well into bear-market territory. The market-opening price for WTI on Thursday was slightly above $52 a barrel. The Brent international benchmark price was just above $57 a barrel. The oil sector is […]

August 7, 2019

The US Energy Information Administration (EIA) has released its Short Term Energy Outlook for 2019 and we have summarized the key highlights for you below. Electricity, coal, renewables and emissions EIA expects the share of U.S. total utility-scale electricity generation […]

August 7, 2019

The “Chemical Enhanced Oil Recovery (EOR / IOR) – Market Analysis, Trends, and Forecasts” report has been added to ResearchAndMarkets.com’s offering. Chemical Enhanced Oil Recovery (EOR / IOR) market worldwide is projected to grow by US$329.2 Thousand, guided by a […]

August 5, 2019

The U.S. Department of Energy’s (DOE) Office of Fossil Energy (FE) selected five projects to receive approximately $39.9 million in federal funding for cost-shared research and development projects under funding opportunity announcement (FOA), Advanced Technologies for Enhanced Oil Recovery. DOE […]

July 31, 2019

An actual game changing technology is being demonstrated as we sit in our air-conditioned abodes reading this. And it is being demonstrated by North Carolina–based Net Power at a new plant in La Porte, Texas. The process involves burning fossil […]

July 30, 2019

Energy giant BP reported better-than-expected second-quarter net profits on Tuesday, saying it is “right on target” at the midpoint of its five-year plan. U.K.-based BP posted second-quarter underlying replacement cost profit, used as a proxy for net profit, of $2.8 […]

July 30, 2019

Lew Wasserman of the Rockefeller Fund has suggested in The New York Times that the petroleum industry’s continued search for oil and gas is “rampant corporate irrationality” (op-ed July 26, 2019), making arguments that echo the sentiment of many activists […]

July 26, 2019

Gas has an important role to play in the global energy transition, according to the head of EMEA natural resources research at Goldman Sachs. Speaking to CNBC Friday, Michele Della Vigna said that, in his personal view, gas was “part […]