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Month: January 2021

Category:
  • South Africa

Almost Half of South Africa’s Oil Refining Seen Shut Until 2022

South African plants owned by Glencore Plc and Petroliam Nasional Bhd that make up 43% of the nation’s oil-refining capacity are expected to stay shut until at least 2022, according to energy consultant Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • India

India’s Annual Oil Usage Falls for First Time in 21 Years

 India’s petroleum consumption fell for the first time in more than two decades in 2020 as the coronavirus pandemic shuttered businesses and factories, hurting demand from one of the world’s Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Pakistan

Pakistan restoring power after national grid suffers major outage

Much of Pakistan descended into darkness on Jan. 9, after a technical fault struck the country’s national grid, according to Pakistan’s Power Minister Omar Ayub Khan. Not registered? Receive daily Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • India

LNG’s unprecedented surge to apply brakes on India’s imports, consumption

 The unprecedented surge in spot LNG prices has taken Indian buyers by surprise and forced importers to stay away from spot purchases, which would potentially lead to lower throughput at Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Latin America

How Will Biden’s Presidency Impact South America’s Oil Boom?

Much has been made of President-elect Joe Biden’s energy policies and the negative impact they will have on the U.S. oil industry, which is laboring to survive a global oil Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Guyana

Exxon’s Mega Oil Finds In Guyana Are Just The Beginning

Like many global oil majors ExxonMobil is under considerable pressure because of the significant fallout from the COVID-19 pandemic, sharply weaker oil prices and the threat of peak oil demand. Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • China

CHINA DATA: Shandong independent refineries’ 2020 average run rate rises 6 percentage points

The average utilization rate of China’s independent refineries in the Shandong province stood at around 70.4% in 2020, up by about six percentage points from the 64.2% in 2019, according Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Energy Storage

In boost for renewables, grid-scale battery storage is on the rise

Lithium-ion batteries in Germany. This story was originally published by Yale Environment 360 and is reproduced here as part of the Climate Desk collaboration. The twin smokestacks of the Moss Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Shale Oil

Oil and gas dealmaking peaks in Q4 as pandemic spurs consolidation

Deal making among oil and gas producers was at its highest for the year in the fourth quarter of 2020 as the pandemic-driven fallout in commodity prices spurred a wave Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple
Category:
  • Shale Oil

North Dakota To Pay Off Infrastructure Bonds With Oil Money

The Republican legislators in North Dakota proposed a new $1.1 billion bonding package for infrastructure projects, planning to use proceeds from oil and gas to pay off part of the Continue Reading

Posted On : 11 Jan 2021 Published By : Tom Whipple

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