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IEA predicts global oil demand will level off around 2030

IEA predicts global oil demand will level off around 2030

Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles. Estonia is on the brink of a major energy transition that will involve a substantial change. As ever more of the world’s energy comes from wind and solar, new regulatory frameworks and more flexible energy systems...

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EPA and FERC chiefs brief independent producers on administration achievements, policies

EPA and FERC chiefs brief independent producers on administration achievements, policies

Late last week on Day 2 of its annual meeting and 90th anniversary with Independent Petroleum Association. The Federal Energy Regulatory Commission has issued an order cancelling the preliminary permit. America (IPAA) heard from the respective heads of the EPA and FERC on how Trump administration policies are benefitting. The Federal Energy Regulatory Commission (FERC)...

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Keystone pipeline shut after North Dakota spill

Keystone pipeline shut after North Dakota spill

The Keystone crude pipeline was shut on last Wednesday after leaking thousands of barrels of crude in North Dakota. The order by Donald Trump does not guarantee TransCanada will actually get Keystone XL built. The company expects to eventually rally enough commercial support. The third spill along the pipeline’s route in less than three years....

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Chevron wins 90-day Venezuela sanction waiver extension

Chevron wins 90-day Venezuela sanction waiver extension

The Trump administration extended Chevron’s waiver to operate in Venezuela, allowing the second-largest U.S. oil explorer. Company has established new goals to reduce net greenhouse gas (GHG) emission intensity. Chevron U.S.A. Inc. announced it will donate $500,000 to help support local public schools. Company announced the sanction of a waterflood project in the St. Malo...

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Weatherford installs 113 consecutive whipstocks with 100% single-trip execution

Weatherford installs 113 consecutive whipstocks with 100% single-trip execution

Weatherford International announced a milestone of 113 consecutive cased hole whipstock jobs completed in a single trip. Company announced that it will showcase its best-in-market oilfield technologies. Weatherford International plc announced it has been awarded two fully integrated rig contracts. Company will present the U.S. oil and gas industry’s only Production 4.0 forum during its...

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OPEC+ will have to cut output in December, according to market data

OPEC+ will have to cut output in December, according to market data

The OPEC+ group of oil producers will need to make deeper output cuts when they meet in December. OPEC said on last Tuesday that oil inventories had continued to rise despite a global deal. The International Energy Agency (IEA) urged Opec countries to swiftly deliver on promised production. The price of a barrel of brent...

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LAGCOE keynote speaker issues rallying call, to earn social license to operate

LAGCOE keynote speaker issues rallying call, to earn social license to operate

Kimberly McHugh, vice president of drilling & completions at Chevron, kicked off LAGCOE 2019 Wednesday morning. Six months after the inaugural Energy Innovators Pitch Challenge. With that pitch, Josh Suttles and his company, Flange Cuff LLC, pulled ahead of nine other finalists for $25,000 in professional marketing. A federal agency that regulates offshore energy production...

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Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia says Iranian weapons were used to attack oil facilities

Saudi Arabia said preliminary findings show Iranian weapons were used in the attack on one of its key oil installations. Saudi Arabia’s deputy permanent representative to the UN, Dr. Khaled Manzlawiy. The drone attack that took place in the early hours on last Saturday. It stopped short of directly blaming the Islamic Republic for the...

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Aramco lining up banks as IPO is coming “very soon”, per the CEO

Aramco lining up banks as IPO is coming “very soon”, per the CEO

State oil giant Saudi Aramco said it’s lining up banks for its long-awaited initial public offering as the sale is now imminent. The launch of NIC will play an important role in advancing nonmetallic solutions across industries. Banks will be chosen “soon,” Chief Executive Officer Amin Nasser said at an industry conference in Abu Dhabi....

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DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL seeks to close gap between risk analysis and “digital twins”

DNV GL proposes the “Probabilistic Digital Twin” (PDT) to close the gap between digital twins. DNV GL and TenneT sign 4-year framework agreement for project certification. Apache Corporation has awarded DNV GL a new verification services contract. The shipping industry is looking to take advantage of additive manufacturing. DNV GL has established a Renewables Certification...

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