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2020, January, 22, 12:25:00
AUSTRALIA'S SANTOS SALES REVENUE UP 10%
Australia's Santos record annual sales revenue of over $4 billion, up 10%, generated from sales volumes of 94.5 mmboe
2020, January, 22, 12:20:00
ADNOC, ENI CARBON COOPERATION
The Abu Dhabi National Oil Company (ADNOC) signed today, a strategic framework agreement with Italy’s energy company, Eni, to explore new opportunities for collaboration in carbon capture utilization and storage (CCUS), where ADNOC is an industry leader, and additional strategic opportunities in research and development (R&D) across the oil and gas value chain.
2020, January, 22, 12:15:00
U.S. INDUSTRIAL PRODUCTION DOWN 0.3%
U.S. Industrial production declined 0.3 percent in December, as a decrease of 5.6 percent for utilities outweighed increases of 0.2 percent for manufacturing and 1.3 percent for mining.
2020, January, 22, 12:10:00
CANADA'S SMALL NUCLEAR
The firm has committed to a $13 billion program to refurbish six of the units which will significantly extend their operating lives. It follows that any new construction of SMRs, or anything else such as a molten salt or other type of advanced unit,, will have to get past a significant financial hurdle in terms of verified cost competitiveness for any utility to decide to proceed with it.
2020, January, 22, 12:05:00
SCHLUMBERGER NET LOSS $10 BLN
Schlumberger CEO Olivier Le Peuch commented, “Full-year revenue for 2019 was $32.9 billion, a level essentially flat with 2018. Overall performance was positive—particularly in the international markets—and we generated $2.7 billion in free cash flow, which was a remarkable achievement under these market conditions. Full-year pretax segment operating margin of 12%, however, was slightly down year-on-year.
2020, January, 20, 12:20:00
OIL PRICE: NOT ABOVE $66
Brent were up by 70 cents, or 1.11%, to $65.55, WTI was up by 56 cents, or 1%, at $59.10 a barrel, after rising to $59.73, the highest since Jan. 10.
2020, January, 20, 12:10:00
STRESSED IRAQ'S OIL
Iraqi oil production averaged more than 4.8 million barrels per day (bpd) in 2019, of which about 1.8 million bpd stemmed from the country’s domestic and state-owned players
2020, January, 20, 12:05:00
OPEC'S OIL PRODUCTION DOWN 2 MBD
Recent statistics issued by the Organisation of the Petroleum Exporting Countries, OPEC, highlighted a decrease in its production by 6.3 percent or some 2 million barrels per day in 2019, compared to 2018.
2020, January, 20, 12:00:00
CLEAN ENERGY TIMING
Academics and concerned citizens often ask "how long" will it take for the global economy to transition to zero carbon energy systems in the transportation, electric generation and heavy industry sectors.
2020, January, 20, 11:55:00
NO VENEZUELA SANCTIONS FOR CHEVRON
The waiver allows Chevron, Halliburton, Schlumberger, Baker Hughes and Weatherford International to continue certain work with PDVSA, outside of US sanctions.