Philippe Sauquet has been named president of Total SA’s new gas, renewables, and power branch in a reorganization triggering other executive-level changes. Source: News
5 Jul 2016 9:58:34 EDT – The latest stock information is now available for your stocks
XOM Last 92.87 Change –0.97 % Change 1.03% Volume 1,246,618 As of: 5 Jul 2016 9:58:34 EDT View: Stock Quote | News CVX Last 103.245 Change –0.905 % Change 0.87% Volume 1,012,304 As of: 5 Jul 2016 9:58:34 EDT View: Stock Quote | News COP Last 42.3 Change –1.21 % […]
Sustained low oil price subdues deepwater spend 2016-20
Low oil prices will continue to impact deepwater capital expenditure (capex) over the next 5 years. Industry headlines have been dominated for the past 12 months by implications of the sustained downturn and operators have responded by announcing widespread redundancies, reducing budgets, and deferring new projects. Source: News
Regional reserves growth shows decline in annual rate of increase
Recoverable reserves of hydrocarbon liquids will grow 614 billion bbl from 2014 to 2044. Natural gas reserves will increase 87 trillion cu m (tcm) in the same 30-year period. This estimate results from a new region-specific model for assessing global reserve growth. Source: News
Model isolates speculative demand in price analysis
Oil demand is often viewed as being determined by the state of the global economy. Given that crude oil is storable, the real price of oil also depends on the demand for storage. Source: News
Will oil and gas matter in 2016?
The question was inevitable. The American Petroleum Institute had just released results on June 21 of the latest telephone survey it commissioned, which found most US voters support more US oil and gas development and are more likely to back a candidate who shares that view. Source: News
Oil tanker freight-rate volatility increases
Factors that can either increase demand for tankers or lead to excess supply will clash for the balance of 2016, leading to great fluctuations in oil tanker freight rates. Source: News
Rotor vibration dynamic analysis helps detect compressor defects
Applying vibration modelling in gas turbines to fault monitoring of the same equipment can assist maintenance planning and extend system life. Bearings are responsible for vibratory phenomena in gas turbines (OGJ, Mar. 2, 2015, pp. 98-100). But vibrations in turn cause bearings’ rapid deterioration. Source: News
Balancing of the oil market to stay on course despite UK exit from EU
Solid movement toward oil-market balance should survive the surprise UK vote on June 23 to withdraw from the European Union. Source: News
Nelson-Farrar Quarterly Costimating: Indexes for most finished steels weaken during 2012-15
Nelson-Farrar indexes for finished steels changed drastically during 2012-15, but alloy steels showed less movement than carbon steel products. Source: News