Petroleum economics

Two steps forward, one step back

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

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API Announces New “Explore Offshore” Coalition In South Carolina Supporting Expanded Access To The Atlantic’s Offshore Oil And Natural Gas Resources; Part Of Larger Effort Backing Increased Offshore Access

Stephen 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

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API Announces Bipartisan “Explore Offshore” Coalition Supporting Expanded Access To U.S. Natural Gas And Oil Resources

Former 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

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API: New Sec. 232 Tariffs On Key Trade Allies Will Negatively Impact U.S. Energy Renaissance, U.S. Economy, And National Security

WASHINGTON, 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

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Cooperation OPEC+ must be expanded, Mohammed Barkindo

29.05.2018 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.

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IOGP Report Explores Changing Global Oil and Gas Supply-Demand Mix

29 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

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Iran oil imports stable regardless of US threats

2018-05-27 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

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Future US Onshore Growth Depends on a Higher Price

Stephen 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,

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API: New Studies Project That Offshore Energy Development Will Significantly Increase U.S. Jobs, Domestic Spending, Investments And State Revenues

202.682.8114 | 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

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North Carolina Petroleum Council: Offshore Energy Resources Key To North Carolina’s Economic Future And Energy Self-Sufficiency

202.682.8114 | 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

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Looking for Innovation: Oilfield Services Remain a Challenge

22 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

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Virginia Petroleum Council: Offshore Exploration Can Bring Jobs, Consumer Benefits And Economic Growth To Virginia

202.682.8114 | 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

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South Carolina Petroleum Council: Offshore Exploration Is Critical To State’s Economic Future

COLUMBIA, 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

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Antero Resources Announces 12% Increase in Estimated Proved Reserves to 17.3 Tcfe

DENVER, 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

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US Projected to Become Net Energy Exporter by 2022

09 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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