IEA Study Unveils Key Role for Trucks in Global Oil-Demand Growth
Improving the efficiency of road-freight transport is critical to reducing the growth in oil demand, carbon emissions and air pollution over the next decades, according to the International Energy Agency’s latest report, The Future of Trucks: Implications for energy and the environment. Trucks are a major contributor to the growth in transport-fuel consumption, as well as rising carbon dioxide and air pollutant emissions. But the sector gets far less attention and policy focus than passenger...
Deep Well Services Achieves API Q2 Certification
ZELIENOPLE, Pa. – Deep Well Services (DWS) joined an elite group in the oil and gas industry by attaining the American Petroleum Institute (API) Specification Q2 certification for drilling service providers and the ISO 9001:2015 Quality Management Systems (QMS) certification. API Specification Q2 is the world’s most advanced industry certification standard for oil and natural gas service providers. Fully implemented in 2014, API Specification Q2 was the first ever Quality Management System ce...
U.S. Exports of Crude Oil and Petroleum Products Have More Than Doubled Since 2010
U.S. crude oil and petroleum product gross exports have more than doubled over the past six years, increasing from 2.4 million barrels per day (b/d) in 2010 to 5.2 million b/d in 2016. Exports of distillate, gasoline, propane, and crude oil have all increased, but at different paces and for different reasons. Restrictions on exporting domestically produced crude oil were lifted in December 2015, and in 2016, the United States exported an average of 520,000 b/d. U.S. crude oil exports reached...
Growing Octane Needs Widen the Price Difference Between Premium and Regular Gasoline
The difference between U.S. average retail prices for premium and regular gasoline reached 50 cents per gallon in late 2016, and it has remained near that level so far in 2017. This price difference, or spread, has been generally increasing since 2000. Many factors on both the supply and demand sides are influencing this trend. One of the main performance characteristics of motor gasoline is octane, a measure of gasoline’s resistance to spontaneous combustion. In the United States, retail gas...
Global Oil Markets Expected to Tighten in Third Quarter 2017, then Loosen Through 2018
Forecast world production of crude oil and other liquids in 2017 and 2018 was revised slightly downward in the June edition of EIA’s Short-Term Energy Outlook (STEO), which was issued after the May 25 announcement by the Organization of the Petroleum Exporting Countries (OPEC) of an extension to production cuts that were originally set to end this month. OPEC’s crude oil production target will remain at 32.5 million barrels per day (b/d) through the end of the first quarter of 2018. Given the...
Reporting Oil Companies’ Proved Reserves in 2016 Decline for Second Consecutive Year
Annual reports of 68 publicly traded oil companies indicated that their aggregate proved liquids reserves declined in 2016 for the second consecutive year. The decline in proved reserves was heavily concentrated in a few companies that reduced their estimated reserves from Canadian oil sands projects. Downward revisions of existing resources, relatively low extensions and discoveries, and relatively high production also contributed to a decline in proved reserves. Source: U.S. Energy Inform...
United States Remains the World’s Top Producer of Petroleum and Natural Gas Hydrocarbons
The United States remained the world's top producer of petroleum and natural gas hydrocarbons in 2016 for the fifth straight year despite production declines for both petroleum and natural gas relative to their 2015 levels. The United States has been the world's top producer of natural gas since 2009, when U.S. natural gas production surpassed that of Russia, and it has been the world's top producer of petroleum hydrocarbons since 2013, when its production exceeded Saudi Arabia’s. For the Uni...
OPEC Net Oil Revenues in 2016 Were the Lowest Since 2004
Members of the Organization of the Petroleum Exporting Countries (OPEC) earned about $433 billion in net oil export revenues in 2016, the lowest since 2004. In real dollar terms, the 2016 revenue represents a 15% decline from the $509 billion earned in 2015, mainly because of the fall in average annual crude oil prices and, to a lesser extent, because of decreases in OPEC net oil exports. EIA projects that OPEC net oil export revenues will rise to about $539 billion dollars (nominal) in 2017,...
Atlas Copco to Acquire Pump Rental Business in Brazil
Stockholm, Sweden: Atlas Copco, a leading provider of sustainable productivity solutions, has agreed to acquire Itubombas Locação Comércio Importação e Exportação Ltda, a pump rental company in the Brazilian market. Itubombas is based in Itu in the state of São Paulo, Brazil. The company rents out diesel and electric driven centrifugal pumps to professional customers in the oil and gas, construction and mining sectors in Brazil. Itubombas has about 40 employees and had revenues of about MBR...
Governor Wolf Announces Opening of First of 29 Compressed Natural Gas Fueling Stations Under Public Private Partnership
Harrisburg, PA – Governor Tom Wolf today announced the opening of the first of 29 Compressed Natural Gas (CNG) fueling stations planned as part of a Public Private Partnership. PennDOT Deputy Secretary for Multimodal Toby Fauver and P-3 Office Director Mike Bonini joined officials from Trillium CNG, Cam Tran, and state and local officials in Johnstown today to mark opening of the facility. "This innovative P3 is allowing us to help transit agencies save money and take advantage of plentifu...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
