Date: 13 June 2018 Global energy demand growth above its 10-year average Natural gas was the largest source of energy growth, boosted by coal-to-gas switching in China, and renewables continue to grow For the first time, the BP Statistical Review of World Energy includes data on the fuel mix in the power sector, which strikingly is unchanged from 20 years
Continue readingStephen Gilchrist, Chairman, S.C. African American Chamber of Commerce to serve as State Co-Chair Former Secretary of Veterans Affairs Jim Nicholson and Former Secretary of the Navy and Virginia Senator Jim Webb Serving as bipartisan National Co-Chairs. Oil and Natural Gas Industry Could Create Over 34,000 New High-Paying Jobs in South Carolina; Offshore Development Could Result in $2 billion in
Continue readingFormer Secretary of the Navy and former Democratic Virginia Senator Jim Webb and Former Secretary of Veterans Affairs Jim Nicholson Serving as bipartisan National Co-Chairs; More than 100 Diverse Community Organizations, Associations, Businesses and Local Leaders in VA, NC, SC, GA and FL supporting expanded access to U.S. natural gas and oil resources. WASHINGTON, June 6, 2018 –Today, API launched
Continue readingWASHINGTON, May 31, 2018 – Following the announcement from the White House that the Trump administration will be imposing new steel and aluminum tariffs on three important allies by ending their country exemptions – Canada, Mexico, and the European Union – API’s President and CEO Jack Gerard released the following statement. “We are deeply discouraged by the administration’s actions to
Continue reading29.05.2018 Cooperation between OPEC+ countries should be expanded for the sake of sustainable stability in the oil market. This was stated by OPEC General Secretary Mohammed Barkindo at the opening ceremony of the “southern gas corridor” in Baku. “OPEC is ready to consider any possibilities for expanding cooperation with Azerbaijan. I think that the cooperation of OPEC+ should be expanded.
Continue reading29 May 2018 Topics: Petroleum economics/production forecasting Getty Images Demand for oil and gas continues to steadily grow as global population centers shift and expand. Production of hydrocarbons is increasing too, but not necessarily in or near the regions that will need the most energy in the coming years. A report from the International Association of Oil & Gas Producers
Continue reading2018-05-27 TEHRAN (NIOC) _ Indian refiners say they are keen to maintain oil imports from Iran despite the US withdrawal from a nuclear deal with Tehran and threats to pressure the country with “the strongest sanctions in history.” Iran is India’s third biggest energy supplier, selling it around 18.4 million tonnes of crude oil during 10 months between April 2017
Continue reading202.682.8114 | press@api.org WASHINGTON, MAY 17, 2018 – Today the American Petroleum Institute reported that the first four months of this year saw U.S. petroleum demand average 750 thousand barrels a day above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 million barrels per day
Continue readingStephen Rassenfoss, JPT Emerging Technology Senior Editor |29 March 2018 Topics: Onshore Marshall Adkins, director of energy research at Raymond James, delivers the keynote speech at the Coiled Tubing and Well Intervention Conference and Exhibition held in The Woodlands, Texas. productivity outlook coiled US onshore producers are expected to keep adding oil production to keep up with growing global demand,
Continue reading202.682.8114 | press@api.org API: New studies project that offshore energy development will significantly increase U.S. jobs, domestic spending, investments and state revenues WASHINGTON, March 9, 2018 – According to new economic studies released today, opening the U.S. Outer Continental Shelf (OCS) to offshore oil and natural gas development would be an economic catalyst – promoting U.S. jobs, investments, and increased
Continue reading202.682.8114 | press@api.org North Carolina Petroleum Council: Offshore energy resources key to North Carolina’s economic future and energy self-sufficiency RALEIGH, February 26, 2018 – North Carolina Executive Director David McGowan pointed to the many economic benefits that offshore energy resources could bring to North Carolina in advance of today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s
Continue reading22 February 2018 Topics: Asset/portfolio management Energy is a capital-intensive business, and the need for continued investment can make innovation difficult for early-stage companies looking to develop a niche within the industry. A panel of venture capital experts discussed the predictors of innovation they look for in the companies they evaluate, as well as the areas in energy where they
Continue reading202.682.8114 | press@api.org RICHMOND, February 21, 2018 – Virginia Executive Director Miles Morin emphasized the opportunities that exploring offshore energy resources can bring to Virginia’s economic and energy future prior to today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan. “Interior’s offshore proposal is a critical first step
Continue readingCOLUMBIA, February 13, 2018 – South Carolina Petroleum Council Executive Director Mark Harmon today highlighted the need for exploring offshore energy resources and the importance to South Carolina’s economic future prior to today’s Bureau of Ocean Energy Management public hearing on the Interior Department’s proposed five-year offshore natural gas and oil leasing plan. “The Interior’s offshore proposal is the first
Continue readingDENVER, Feb. 13, 2018 /PRNewswire/ — Antero Resources (NYSE: AR) (“Antero” or the “Company”) today announced estimated reserves as of December 31, 2017. Highlights: Proved reserves increased by 12% to 17.3 Tcfe at year-end 2017 (36% liquids), compared to year-end 2016 Pre-tax PV-10 of proved reserves at year-end 2017 was $10.8 billion at SEC pricing, including hedges Proved developed reserves increased
Continue reading09 February 2018 The US Energy Information Administration (EIA) projected continued development of US shale and tight oil and gas resources coupled with a modest increase in energy consumption in 2018, which could lead to the US transitioning from a net energy importer to a net energy exporter. “The United States energy system continues to undergo an incredible transformation,” EIA
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