2014-07-02 19:00:00
CHINA: FUEL DEMAND
Since the 1990s, China has experienced tremendous growth in its transportation sector. By the end of 2010, China's road infrastructure had emerged as the second-largest transportation system in the world after the United States. Passenger vehicle sales are dramatically increasing from a little more than half a million in 2000, to 3.7 million in 2005, to 13.8 million in 2010.1 This represents a twenty-fold increase from 2000 to 2010. The unprecedented motorization development in China led to a significant increase in oil demand, which requires China to import progressively more petroleum from other countries, with its share of petroleum imports exceeding 50% of total petroleum demand since 2009.2Â In response to growing oil import dependency,…
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2020, January, 17, 11:22:00
SAIPEC EXIBITION, CONFERENCE 25-27 FEB 2020
WELCOME TO THE 4TH SUB SAHARAN AFRICA INTERNATIONAL PETROLEUM EXHIBITION AND CONFERENCE - OIL AND GAS AS AN ENABLER FOR ECONOMIC TRANSFORMATION IN SUB-SAHARAN AFRICA
2020, January, 17, 11:21:00
RUSSIA'S LNG INVESTMENT PROJECTS
Experts expect LNG production growth in Russia. By 2024, the projected export growth is up to 47,9 million tonnes. The latest news on encouraging LNG application in the country reveals that Russian shipping companies are switching to fuel with low sulphur and nitrogen content starting from 1 January 2020.
2020, January, 17, 11:20:00
JAPAN'S OIL STOCKS UP 28%
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2020, January, 17, 11:15:00
NETHERLAND'S GRONINGEN GAS DOWN
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2020, January, 17, 11:10:00
LEVIATHAN'S GAS BEGINING
In its first development phase, Leviathan has a production capacity of 1.2 Bcf/d (34 million cu m/d).
2020, January, 17, 11:05:00
NOVATEK PRODUCTION +7.5%
In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 41.0 million boe, or by 7.5% as compared with the twelve months 2018.
2020, January, 17, 11:00:00
U.S. RENEWABLES UP
Solar and wind power use has grown at a rapid rate over the past decade or so, but as of 2018 those sources accounted for less than 4% of all the energy used in the U.S.