Can Saudi Arabia Afford Its Megaprojects?
Most headlines with “Saudi Arabia” in them seem to feature a hefty sum of money. A US$500-billion smart city here, a US$200-billion solar project there–it’s beginning to look like Saudi Continue Reading
Nigeria: It’s Official – Nigeria Has No Authentic Data On Petrol Consumption
Although Nigeria is Africa’s largest oil producer, it is also one of the continent’s largest importer of refined petroleum products. However, despite being a net importer of refined petroleum products, Continue Reading
Nigeria: How Nigeria Can Lower Oil Production Cost to $6/Barrel
Gbenga Onadeko is the Senior Vice President, Africa, for Welltec. In this interview, he speaks on how technology can drive down Nigeria’s cost of oil production from $20 to $6 Continue Reading
China shale gas progressing, but work remains
China’s shale natural gas production is accelerating fast, costs are moving lower, but the situation is still not comparable to the U.S. boom, analysis finds. Consultant group Wood Mackenzie expects Continue Reading
China To Double Shale Gas Output
In a note released yesterday and cited by Reuters, Wood Mac said China will add almost 700 new wells by 2020 at three large fields, two of them operated by Continue Reading
Ultra-light crude demand far outpacing supply in Asia
Asian refiners and petrochemical companies have started to cautiously monitor China’s downstream industry in recent weeks, as the upcoming restart of a giant petrochemical complex in Fujian province could further Continue Reading
Alberta Readies Oil Embargo in Kinder Pipeline Battle
Alberta introduces law allowing it to cut exports to B.C. Premier Notley confident province won’t need to use new power Barbed wire fencing stands at the Kinder Morgan Inc. Trans Continue Reading
Alberta stands up to British Columbia over Trans Mountain
In a shot across the bow of its western neighbor, Alberta’s provincial government said it proposed legislation that could block cross-border oil and gas flows. A consortium led by pipeline Continue Reading
Rising fuel costs erode benefits of Trump tax cut
Tim Rogus, a retired publisher in suburban Chicago, has noticed fuel prices at the petrol station creeping up towards $3 a gallon, as oil has rebounded to four-year highs this month, Continue Reading
U.S. natural gas production and consumption increase in nearly all AEO2018 cases
EIA’s Annual Energy Outlook 2018 (AEO2018) projects that U.S. dry natural gas production will increase through 2050 across a wide variety of alternative assumptions about the future. In the Reference Continue Reading