Oil & Gas

Jul 18th, 2017

U.S. Polymer Boom as a Result of the Shale Revolution

Due to the shale revolution, oil and gas production in the U.S. has risen by 57% that consequently increased the production of by-products such as propane, ethane and butane. The low price of these raw materials contributed to the rapid development of the polymer industry, which so far has received more than $180 billion of […]...

Jun 28th, 2017

Global LPG Glut Remains Unchanged

David Appleton, an analyst at Argus Media, delivered a report on the situation of liquefied petroleum gas (LPG) in the global market in the period from 2010 until now at the Congress of the European LPG Association. Within 6 years, the production of LPG has increased by 25% while the consumption has been growing more […]...

May 30th, 2017

Oil May Lose Its Monopoly in the Transport Fuel Production

A team of analysts at Georgetown University expects that oil will soon lose its dominant position in the fuel market. Currently oil has a monopoly as raw material for fuel. However, the expansion of     electric vehicles and drone technologies will significantly weaken the oil position, and within twenty years the price of oil will be […]...

May 16th, 2017

OPEC Agreement Prolongation is in Jeopardy

The Vienna summit of OPEC on 25 May will consider several options on the oil production cut agreement. Some experts believe that the effect of the Vienna agreement between the cartel and 11 non-OPEC members can be neutralised due to the slow growth of demand for the feedstock. UAE Minister of Energy Suhail Al Mazrouei […]...

Dec 16th, 2016

Global natural gas liquid suppliers will face overproduction crisis

Having analysed the situation at natural gas liquid (NGL) market, the Boston Consulting Group predicts that in the near future the NGL manufacturers will face certain difficulties. According to estimates, the production capacity will grow considerably while the demand regardless of rapid growth rates will be lower than supply. This dynamics will impact already the […]...

Aug 22nd, 2016

Mexico expects $5 billion investment in new hydrocarbon projects

According to the Minister of Energy of Mexico Pedro Joaquin Caldwell, the amount of investment in the internal economy in the framework of the tenders for terrestrial deposits, primarily gas fields, will reach $5 billion. The production at new sites will begin in 2018 and by 2025 the amount of deposits in the national production […]...

Aug 8th, 2016

Global natural gas production is driven by shale gas production

The U.S. Energy Information Administration research has announced that, global natural gas production will arrive at to 554 Bcf/d by 2040.  The growth is mainly driven by shale resources that in 2040 will comprise nearly 170 Bcf/d. At the moment the major commercial producers of shale gas are the U.S., Canada, China and Argentina. Besides, […]...

Jul 12th, 2016

Global oil market is in the state of ebb and flow

The world oil market is witnessing a state of unstable equilibrium – recently quotes “marker” of a barrel of Brent, anchored in the corridor of $46-50. In this situation, short-term forecasts will be most effective, although they do not allow oil corporations to plan major investments. The most accurate are the July forecasts of OPEC, […]...

Jul 2nd, 2016

The oil producers are asking the US to restrict imports

Soon after the US government abolished the ban on crude oil export from the country, a group of the independent U.S. oil producers appealed to the government to limit import volumes. Representatives of the movement Panhandle Import Reduction Initiative (PIRI) launched a campaign for the introduction of an import quota for all foreign suppliers, except […]...

Jan 25th, 2011

India’s Solar Power Producers Face Big Challenge

The relatively small scale of India’s largest solar power plant, the 5-megawatt Sivaganga project that constructor Moser Baer brought on stream in the southern state of Tamil Nadu last month, illustrates the enormity of the renewable energy challenge ahead for the world’s third largest energy consumer behind China and the United States. India has set […]...

Jan 24th, 2011

Solid Energy Plans Briquette Plant

Coalminer Solid Energy has confirmed a site to start a lignite briquetting operation to test the New Zealand industrial market. The state-owned miner said the former Mataura mine site is the preferred location to build and operate a demonstration briquetting plant to supply the industrial market with briquettes and trial their value for export. Solid […]...

Jan 17th, 2011

Crude Oil Falls to $91

The price of crude oil falls today to $ 91 a barrel, as the movements of the Chinese government against the overheating of the economy supply estimates for a reduction in crude demand. In February’s delivery contracts, the price fell to 48 cents to $ 91.06. During the last year, it writes profits of 17%. […]...

Nov 9th, 2010

United States Gas Prices are Flat Now but Increases Are on the Way

United State gas prices have been flat now for over two weeks. This has given some people a lot of hope that maybe gas prices would stay this way for awhile. However, it now seems that rising crude oil prices are likely to result in an increase in fuel costs soon, according to a new […]...

Nov 9th, 2010

The Future of Nuclear Power in the United States

Nuclear power isn’t just another form of electrical generation in the United State, despite the fact that it provides nearly 20 percent of our electricity. Since the partial core meltdown at Pennsylvania’s Three Mile Island power plant in 1979, nuclear has become something of a litmus test for many, but not all, environmentalists. Proponents point […]...

Nov 9th, 2010

Imerys Pigments for Paper North America to Increase Kaolin and Calcium Carbonate Prices by 5 to 7%

/Lesprom Network/. Imerys Pigments for Paper North America announces price increases for kaolin and calcium carbonate, effective January 1, 2011, subject to any provisions in individual customer contracts. The prices of kaolin produced in the USA and Brazil, including calcined kaolin products, will increase by 5 to 7%. The prices of ground calcium carbonate will […]...

Nov 8th, 2010

OIL FUTURES: Crude Hits 25-Month High Despite Dollar Strength

SYDNEY (MarketWatch) — Crude-oil futures hit a 25-month high in Asian trading Monday despite the U.S. dollar strengthening against the euro, though it pared those gains after the greenback’s rise became significant. On the New York Mercantile Exchange, light, sweet crude futures for delivery in December traded at $86.96 a barrel at 0609 GMT, up […]...

Nov 5th, 2010

OIL FUTURES: Oil Flat After Data Shows US Added Jobs

NEW YORK (Dow Jones)–Oil futures were nearly unchanged Friday after hitting a two-year high overnight, after the Labor Department said the U.S. economy added jobs in October. Nonfarm payrolls rose by a larger-than-expected 151,000 in October, the first gain since May, the Labor Department said Friday. However, the unemployment rate remained at 9.6%. Light, sweet […]...

Nov 5th, 2010

Obama to Launch Clean Energy Initiative in India

WASHINGTON: US President Barack Obama and India are expected to launch a joint initiative on clean energy, eyeing economic opportunities in an area that has long divided the two countries. Obama arrives Saturday on his first presidential visit to India, where many analysts say that relations with the United States have lost momentum after warming […]...

Aug 24th, 2010

Solar energy is a major economic driver for the United States

The renewable energy (RE) and energy efficiency (EE) industries generated more than 9 million jobs, more than $1 trillion in revenue, and nearly $160 billion in federal, state, and local tax revenue in 2007. Solar energy is a major economic driver for the United States, creating green jobs and vigorous revenue growth for participating companies. […]...

Jul 13th, 2010

BP Oil Spill: New Cap ‘Successfully Installed’ on Leaking Well

BP to begin tests to close valves on new containment cap in Gulf of Mexico and hopes to temporarily stop oil gushing from wellhead BP has fitted a larger, tighter-fitting containment cap on the ruptured Gulf of Mexico wellhead that has been gushing with oil since the Deepwater Horizon explosion on 20 April.Crude oil continues […]...