Barclays Sees $15-$25 Barrel Downside If Manufacturing Activity Slows
Barclays Sees $15-$25 Barrel Downside If Manufacturing Activity Slows
Barclays: slowdown in global manufacturing activity could lead to increased downside for crude prices.
Barclays sees an estimated decline in Russia’s liquids output of 700,000 bpd from Q4 2023 to Q4 2024.
Barclays also isn’t writing off a potential boost in demand from China’s reopening.
2023/01/11 11:10
West Qurna 2 is operated by Russia's Lukoil.
One Of The World'sOne Of The World's Largest Oilfields Faces Delays In Development Largest Oilfields Faces Delays In Development
Middle East Business Intelligence: West Qurna 2 faces delays.
West Qurna 2 is operated by Russia's Lukoil.
Work on the next development phase of the giant oilfield was supposed to be completed by the end of this year.
2023/01/06 15:48
Where To Look For Unrealized Value In Oil Markets
Where To Look For Unrealized Value In Oil Markets
Today we’re offering a free glimpse into our monthly Global Energy Alert stock analysis. This report is written by David Messler, one of the top traders in the biz. He’s got a knack for picking winners and a keen eye for spotting ‘em before anyone else. Below, he breaks down two key oilfield service opportunities you’ll want to keep an eye on.
2022/12/28 14:46
Peru’s promising petroleum potential is being threatened as a political crisis embroils the country.
Peru’s Political Crisis Is Weighing On Its Energy Industry
Peru’s promising petroleum potential is being threatened as a political crisis embroils the country.
Peru’s oil production has declined sharply since the 1990s, with nearby Colombia and Ecuador garnering the energy investment once destined for the impoverished Andean country.
With fossil fuels providing 72% of all energy used in Peru, it is key for the national government to promote the development of the hydrocarbon sector to prevent an energy crisis.
2022/12/28 14:39
As central banks around the world hike interest rates, global economic growth is slowing, which will ultimately lead to a slowdown in India’s energy demand growth.
India’s Oil And Gas Demand Could Disappoint In 2023
In recent years India has been a key driver of global energy demand growth, helping to push both oil and gas prices higher.
As central banks around the world hike interest rates, global economic growth is slowing, which will ultimately lead to a slowdown in India’s energy demand growth.
While India may see a slowdown in oil and gas demand next year, its growing transportation sector will drive plenty of demand growth in the future.
2022/12/28 14:34
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
EU crude imports from Russia are set to plunge after the import ban of seaborne crude oil on December 5th.
Oil production growth in the U.S. is flattening for a number of reasons.
U.S. crude exports to the EU can only replace a small portion of Russian/OPEC crude.
2022/12/06 18:45
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Colombia’s oil industry is facing multiple headwinds, including higher taxes, plans to end exploration, and its crude reserves running out.
Perhaps the largest headwind is the violence associated with the country’s cocaine trade, as its largest oil-producing areas are also coca-cultivating regions
In Colombia, oil is responsible for 3% of the gross domestic product, 12% of national income, a third of foreign investment, and 34% of total exports by value.
2022/12/02 17:10
Oil Prices Extend Losses After EIA Inventory Data Release
Oil Prices Extend Losses After EIA Inventory Data Release
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.
2022/11/26 17:16
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
Biden Quietly Approved 2 Million Bpd Texas Oil Terminal
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local supply.
The project involves building a terminal about 30 miles south of Freeport, in Surfside.
2022/11/26 17:14
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
The Climate-Friendly Solution Is More U.S. Oil, Not Less: U.S. Republicans
At the UN climate summit in Egypt, U.S. Republicans have argued that the cleanest oil in the world comes from the United States.
Lousiana Republican Representative Garret Graves: If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in places where we have the lowest emissions per unit of energy.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
2022/11/14 11:30
U.S. oil companies are warning of a slowdown in production growth.
U.S. Oil Companies Remain Cautious As Economic Headwinds Grow
U.S. oil companies are warning of a slowdown in production growth.
Inflation, labor shortages and supply chain issues are fueling uncertainty in the industry.
As the market braces for a rocky road ahead, U.S. oil companies will likely remain cautious for the foreseeable future.
2022/11/08 08:53
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Scotiabank's Paul Cheng: the best hedge for oil and gas companies is a strong balance sheet.
U.S. shale producers will suffer a staggering $42 billion in hedging losses in 2022
2022/11/04 15:58
Barclays Sees $15-$25 Barrel Downside If Manufacturing Activity Slows
Barclays Sees $15-$25 Barrel Downside If Manufacturing Activity Slows
Barclays: slowdown in global manufacturing activity could lead to increased downside for crude prices.
Barclays sees an estimated decline in Russia’s liquids output of 700,000 bpd from Q4 2023 to Q4 2024.
Barclays also isn’t writing off a potential boost in demand from China’s reopening.
West Qurna 2 is operated by Russia's Lukoil.
One Of The World'sOne Of The World's Largest Oilfields Faces Delays In Development Largest Oilfields Faces Delays In Development
Middle East Business Intelligence: West Qurna 2 faces delays.
West Qurna 2 is operated by Russia's Lukoil.
Work on the next development phase of the giant oilfield was supposed to be completed by the end of this year.
Where To Look For Unrealized Value In Oil Markets
Where To Look For Unrealized Value In Oil Markets
Today we’re offering a free glimpse into our monthly Global Energy Alert stock analysis. This report is written by David Messler, one of the top traders in the biz. He’s got a knack for picking winners and a keen eye for spotting ‘em before anyone else. Below, he breaks down two key oilfield service opportunities you’ll want to keep an eye on.
Peru’s promising petroleum potential is being threatened as a political crisis embroils the country.
Peru’s Political Crisis Is Weighing On Its Energy Industry
Peru’s promising petroleum potential is being threatened as a political crisis embroils the country.
Peru’s oil production has declined sharply since the 1990s, with nearby Colombia and Ecuador garnering the energy investment once destined for the impoverished Andean country.
With fossil fuels providing 72% of all energy used in Peru, it is key for the national government to promote the development of the hydrocarbon sector to prevent an energy crisis.
As central banks around the world hike interest rates, global economic growth is slowing, which will ultimately lead to a slowdown in India’s energy demand growth.
India’s Oil And Gas Demand Could Disappoint In 2023
In recent years India has been a key driver of global energy demand growth, helping to push both oil and gas prices higher.
As central banks around the world hike interest rates, global economic growth is slowing, which will ultimately lead to a slowdown in India’s energy demand growth.
While India may see a slowdown in oil and gas demand next year, its growing transportation sector will drive plenty of demand growth in the future.
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
Europe Can’t Count On U.S. Shale To Make Up For Russian Crude
EU crude imports from Russia are set to plunge after the import ban of seaborne crude oil on December 5th.
Oil production growth in the U.S. is flattening for a number of reasons.
U.S. crude exports to the EU can only replace a small portion of Russian/OPEC crude.
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Cocaine Conflict Is Causing A Crisis For Colombia’s Oil Industry
Colombia’s oil industry is facing multiple headwinds, including higher taxes, plans to end exploration, and its crude reserves running out.
Perhaps the largest headwind is the violence associated with the country’s cocaine trade, as its largest oil-producing areas are also coca-cultivating regions
In Colombia, oil is responsible for 3% of the gross domestic product, 12% of national income, a third of foreign investment, and 34% of total exports by value.
Oil Prices Extend Losses After EIA Inventory Data Release
Oil Prices Extend Losses After EIA Inventory Data Release
Crude oil prices fell today, even after the U.S. Energy Information Administration reported inventories of oil had shed 3.7 million barrels over the week to November 18.
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
Biden Quietly Approved 2 Million Bpd Texas Oil Terminal
The Biden Administration has just approved a new 2 million bpd oil export terminal for the Texas Gulf Coast.
The approval comes amid suggestions from Democrats in Congress that the U.S. should curb oil exports to secure local supply.
The project involves building a terminal about 30 miles south of Freeport, in Surfside.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
The Climate-Friendly Solution Is More U.S. Oil, Not Less: U.S. Republicans
At the UN climate summit in Egypt, U.S. Republicans have argued that the cleanest oil in the world comes from the United States.
Lousiana Republican Representative Garret Graves: If we are going to be increasing global demand of oil and gas we must ensure that the extraction, exploration and production activities are occurring in places where we have the lowest emissions per unit of energy.
World leaders have become a bit more receptive to the notion that fossil fuels may play a role in energy’s future.
U.S. oil companies are warning of a slowdown in production growth.
U.S. Oil Companies Remain Cautious As Economic Headwinds Grow
U.S. oil companies are warning of a slowdown in production growth.
Inflation, labor shortages and supply chain issues are fueling uncertainty in the industry.
As the market braces for a rocky road ahead, U.S. oil companies will likely remain cautious for the foreseeable future.
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Why Overly Confident U.S. Drillers Ditched Their Hedges
Some Big Oil companies are so confident that high oil prices are here to stay that they have completely ditched their hedges.
Scotiabank's Paul Cheng: the best hedge for oil and gas companies is a strong balance sheet.
U.S. shale producers will suffer a staggering $42 billion in hedging losses in 2022

Zhongyuan Oilfield opens a new mode of intelligent brain 2.0 for oil wells

2020/06/17 16:40
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On June 17, at the Wen 72-129 well site of Wenliu Oil Production Plant in Zhongyuan Oilfield, production workers were debugging the parameters of the wellhead multi-parameter sensing device. This device is the latest monitoring device after upgrading. Compared with traditional digital pressure gauges and thermostats, this device overcomes the problems of poor performance, complex structure, and easy damage, and greatly improves work efficiency. At the same time, the “smart brain” of oil wells has been upgraded again. At present, the device has been widely promoted in oil fields. Since the application of this device, Wenliu Oil Production Plant alone has saved more than 1 million yuan in maintenance costs for digital pressure gauges and thermostats.