Upstream news
ESAI Energy: US Gasoline Exports Continue to Grow in 2019
According to ESAI Energy’s recently released One-Year Global Fuels Outlook, the US gasoline surplus will expand by roughly 80 000 bpd next year as demand continues to plateau and output keeps rising.
ESAI: China’s oil demand will surprise to the upside in 2019
ESAI Energy China Analyst Yao Wu comments on the developments behind China’s predicted oil demand growth.
Africa Oil & Power: deep petroleum industry reforms set Angola on path to growth in 2019
Key measures include the formation of upstream and downstream taskforces, the privatisation of some Sonangol subsidiaries, and the creation of a new regulator to manage concessions.
WoodMac: US Gulf of Mexico poised for historic year in 2019
William Turner, senior research analyst at Wood Mackenzie, discusses 5 things to look for in the year ahead.
GlobalData: Iraq’s policies to support oil and gas development appear stalled
Iraq’s crude-oil production is gradually increasing thanks to expansion at previously delayed oil projects. However, the existing contracts are still not able to reach their full potential, according to GlobalData.
GlobalData: Indonesia has highest capex on crude and natural gas projects in Southeast Asia over next seven years
Soorya Tejomoortula, oil and gas analyst at GlobalData, comments on planned and announced crude and natural gas projects in Indonesia over the period 2018–2025.
OMV closes the divestment of parts of its upstream business in Tunisia
The company has closed the previously announced transaction to sell its 100% owned subsidiary, OMV Tunisia Upstream GmbH, to a subsidiary of Panoro Energy ASA.
EnerMech completes sale to The Carlyle Group and announces senior board appointments
The appointments signal EnerMech’s strong intent to substantially expand the business across global energy, engineering and infrastructure markets.
ConocoPhillips announces 2019 capital budget and operating plan
The 2019 operating plan is expected to continue driving underlying improvement in return on capital employed.
Westwood: ‘Future commercial success depends upon integration of data’
No single technology will provide a ‘silver bullet’ to the challenges faced by Norway’s oil and gas industry, according to a new report out today from research consultancy, Westwood Global Energy Group.