All publications by tag «PETROLEUM»
2019, July, 10, 12:40:00CHEVRON, QATAR DEAL $8 BLN
Chevron Phillips Chemical, a joint venture of Chevron and Phillips 66, will be the majority owner with a 51 percent share, with Qatar Petroleum owning 49 percent of the project. The companies expect a final investment decision no later than 2021 for the project, which has a target of starting in 2024.
2019, January, 11, 11:30:00NORWAY'S PETROLEUM PRODUCTION WILL UP
NPD - The Norwegian Petroleum Directorate’s forecasts show that, after a minor decline in 2019, oil and gas production will increase from 2020 and up to 2023. Overall production will then approach the record year of 2004.
2018, November, 19, 11:30:00U.S. PETROLEUM DEMAND 20.8 MBD
U.S. API - U.S. petroleum demand in October of 20.8 million barrels per day (mb/d) was the strongest for the month since 2006 and a continued reflection of solid economic activity.
2018, September, 10, 12:30:00MUBADALA PETROLEUM IN RUSSIA
MEOG - Mubadala Petroleum, Gazprom Neft and the Russian Direct Investment Fund (RDIF, the Russian Federation's sovereign wealth fund) announced the establishment of a joint venture to develop oil fields in the Tomsk and Omsk regions of Western Siberia.
2018, September, 7, 12:45:00U.S. PETROLEUM EXPORT RECORD
U.S. EIA - The United States exported 7.3 million barrels per day (b/d) of crude oil and petroleum products in the first half of 2018, when exports of crude oil and hydrocarbon gas liquids (HGL) set record monthly highs. Crude oil surpassed HGLs to become the largest U.S. petroleum export, with 1.8 million b/d of exports in the first half of 2018. U.S. exports of crude oil, HGLs, and motor gasoline grew in the first half of 2018 compared with the same period in 2017, while distillate exports decreased 84,000 b/d
2018, August, 20, 14:20:00U.S. OIL PRODUCTION 10.7 MBD
U.S. API - The American Petroleum Institute’s latest monthly statistical report shows the U.S. set a record for the production of natural gas liquids (NGL) last month producing 4.4 million barrels per day (mb/d). July also saw the U.S. tie its record for crude oil production at 10.7 mb/d.
2018, May, 21, 10:40:00U.S. PETROLEUM DEMAND UP BY 750 TBD
API - American Petroleum Institute reported that the first four months of this year saw U.S. petroleum demand average 750 thousand barrels a day above the same period in 2017 despite higher prices, a sign of solid economic activity. April also saw the U.S. produce a record 10.5 million barrels per day (MBD) of oil.
2018, April, 20, 09:25:00U.S. PETROLEUM DRILLING UP 35%
API - natural gas and oil drilling and completions rose more than 35 percent over 2017 levels signaling the strength of the U.S. natural gas and oil industry. In addition, the success rate for exploration of natural gas and oil was more than 60 percent, the highest rate since 2009.
2018, April, 20, 09:05:00NORWAY'S PRODUCTION 1.9 MBD
NPD - Preliminary production figures for March 2018 show an average daily production of 1 901 000 barrels of oil, NGL and condensate, which is a decrease of 46 000 barrels per day compared to February.
2018, March, 16, 10:15:00U.S. PETROLEUM DEMAND: 20.3 MBD
API - Led by gasoline and seasonal demand for heating fuels, U.S. petroleum demand hit 20.3 million barrels per day (MBD) in February. Demand was up by more than a million barrels per day from February of last year, nearing record highs not seen for more than a decade.