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Category: Chemical


Chemical, Conventional Fuels

How Much Oil Does Saudi Arabia Really Have?

February 14, 2019

Via: Forbes

Officially, Venezuela has the world’s largest crude oil reserves with 303 billion barrels of proved reserves. In reality, a lot of this oil is extra-heavy crude oil, and may not be economical to produce at prevailing prices. Thus, some portion […]


Chemical, Conventional Fuels, Domestic, Energy Consumption

UAE energy minister and Siemens CEO agree it’s time for the US to move on from coal

February 11, 2019

Via: CNBC energy

Energy industry leaders issued calls for a greater commitment to developing renewable energy sources during the 2019 World Government Summit in Dubai — and some honed in specifically on the U.S. coal industry as an obstacle to those goals. Siemens […]


Chemical, Conventional Fuels, Energy Economics

Anything other than a US-China trade deal ‘wouldn’t make sense,’ energy executives say

January 28, 2019

Via: CNBC energy

An escalating trade war between the world’s two largest economies would be nonsensical, according to executives from the liquefied natural gas (LNG) market. Oil giants and energy companies are increasingly interested in LNG — a form of natural gas chilled […]


Chemical, Conventional Fuels

Shale Oil Growth Headed For Slowdown, But When?

January 23, 2019

Via: Forbes

The shale oil revolution will remain in the spotlight in 2019 and promises to once again be one of the most crucial factors driving global oil markets. Rapid growth in U.S. oil production is single-handedly satisfying worldwide oil demand – […]


Chemical, Conventional Fuels

China To Quadruple LNG Imports — Will U.S. Exporters Benefit?

January 17, 2019

Via: Forbes

China, the world’s top importer of natural gas and second-largest buyer of liquified natural gas (LNG), just announced plans to increase its intake capacity of the seaborne fuel four-fold over the next two decades. Burgeoning demand for natural gas in […]


Chemical, Conventional Fuels

Oil Sector Primed For Major Merger And Acquisition Activity

January 14, 2019

Via: Forbes

Oil and gas merger and acquisition (M&A) activity has ground to a halt in recent months due to extreme volatility in commodity markets. But don’t expect that to continue, especially in the U.S. exploration and production (E&P) sector, where valuations […]


Chemical, Conventional Fuels

NPD: oil and gas production to increase from 2020

January 10, 2019

Via: Energy Global

“The activity level on the Norwegian Shelf is high. Production forecasts for the next few years are promising and lay a foundation for substantial revenues, both for the companies and the Norwegian society. There is considerable interest in exploring for […]


Chemical, Conventional Fuels

Trade war and US shale are the biggest concerns for outgoing OPEC chief

January 9, 2019

Via: CNBC energy

The U.S.-China trade war and booming American shale production are among the top worries for the United Arab Emirates’ energy minister and former OPEC president. After a volatile year for oil prices, hydrocarbon-exporting countries are buckling down for what could […]


Chemical, Conventional Fuels, News and Policies, World

Europe is fast-becoming a natural gas battleground for Russia and the US

January 8, 2019

Via: CNBC energy

With 28 countries and a combined population of around 512 million people, the European Union is something of a prized market — and political battleground — for the world’s largest energy exporters, particularly when it comes to natural gas. Russia […]


Chemical, Conventional Fuels, Energy Consumption, World

US refiners ramp up fuel exports

January 3, 2019

Via: Petroleum Economist

Surging fuel production will leave refiners well placed in 2019 to meet both domestic and external demand Major trends in new US refining capacity are adhering to Tier 3 (clean fuel) regulations, processing the wave of lighter crudes produced by […]


Chemical, Conventional Fuels

Oil And Gas Sector Faces Massive Upheaval As Climate Rules Start To Bite

December 21, 2018

Via: Forbes

The oil and gas sector is delicately poised, between a steady and profitable past and an increasingly uncertain future. The imperative to tackle climate change means that companies are coming under greater pressure than ever before to reduce their emissions […]


Chemical, Conventional Fuels

Oil majors to remain resilient despite market volatility, S&P Global Ratings says

December 13, 2018

Via: CNBC energy

While crude exporting countries worry about bearish forecasts for energy markets, the big oil supermajors can withstand fluctuating oil prices in the coming year, one ratings agency says. Cost cuts in the industry from previous years and promising cash flow […]


Chemical, Conventional Fuels

US LNG export capacity to more than double by the end of 2019

December 12, 2018

Via: Energy Global

The US began exporting LNG from the Lower 48 states in February 2016, when the Sabine Pass liquefaction terminal in Louisiana shipped its first cargo. Since then, Sabine Pass expanded from one to four operating liquefaction trains, and the Cove […]


Chemical, Conventional Fuels, News and Policies, World

Europe Needs More U.S. Liquefied Natural Gas

December 7, 2018

Via: Forbes

While the U.S.-China trade war installs a cease-fire, there is an emerging opportunity for us to better link with our European allies to supply them more energy. After all, Europe has long sought to lower an over reliance on Russian […]


Chemical, Conventional Fuels, News and Policies, World

Cutting output by even 1 barrel is ‘a red line’ for Iran, oil minister says

December 6, 2018

Via: CNBC energy

Iran is refusing to cut its oil production at the latest OPEC meeting, saying it is a “red line” for the Islamic Republic. “It’s a red line for Iran to reduce its production, to contribute to a new cut in […]