Challenges Keep China’s Shale Gas at Early Stage of Development, says GlobalData
China’s upstream industry is turning to natural gas as a way to reduce air pollution created by the consumption of coal. However, despite the progress made in the shale gas industry since 2011, China has been facing challenges to develop efficient shale gas extraction, observes leading data and analytics company GlobalData. With 27 trillion cubic feet (tcf) proved shale gas reserves China has emerged as the world’s largest shale gas producer outside the US and Canada. Besides supportive gover...
EIA Expects that 2018 Gasoline Prices Have Peaked in the July Short-Term Energy Outlook
The U.S. Energy Information Administration released its Short-Term Energy Outlook (STEO) on Tuesday, July 10, 2018. Forecast Highlights Brent crude oil spot prices averaged $74 per barrel (b) in June, a decrease of almost $3/b from the May average. EIA forecasts Brent spot prices will average $73/b in the second half of 2018 and will average $69/b in 2019. EIA expects West Texas Intermediate (WTI) crude oil prices will average $6/b lower than Brent prices in the second half of 2018 and $7/...
EIA: Gasoline Prices Will Decline for the Rest of 2018
According to data tracked by the Energy Information Administration, the national average for regular-grade gasoline is expected to decline for the rest of 2018, dipping from a high of $2.96 per gallon on May 28 to around $2.84 per gallon by September and then $2.68 per gallon in December. The agency said gasoline prices are often higher in summer months when gasoline demand is higher and when federal and state environmental regulations require the use of summer-grade gasoline, which is more e...
Nexans Wins Major Subsea Umbilical Contract from Equinor for Troll Phase 3 Development
Paris La Défense – The Troll oil and gas field is the most prolific field on the Norwegian continental shelf (NCS), with more than half of its reserves still remaining after over 20 years of production. The initial development was carried out over two phases, and now Equinor is starting the Phase 3 development to recover the large amount of gas resources in the western part of the field. Nexans will play a vital role in the Troll Phase 3 project by supplying Equinor with the complex umbilicals r...
Fast-Track Delivery of Wärtsilä Gas Fired Power Plant Will Help Alleviate Myanmar’s Electricity Shortage in Kyaukse
The technology group Wärtsilä has been selected to provide the generating equipment for a new gas fired power plant needed to alleviate the shortage of electricity in Myanmar. The power plant will operate on eight Wärtsilä 50SG gas fuelled engines, and the electricity generated will be fed into the national grid. The 145 MW plant is being built on a fast-track basis and is scheduled to be operational during the first quarter of 2019. Wärtsilä’s capabilities to meet the demanding delivery requ...
Equinor Chooses Nexans Umbilical Technology for its Askeladd Development in the Barents Sea
Paris La Défense – The Snøhvit gas field in the Barents Sea is the largest ever industrial project in North Norway. It is now entering part two of its multi-phase development plan with Equinor and its partners investing over half a billion euros in the Askeladd development which will provide feedstock for the onshore LNG (liquified natural gas) plant at Melkøya in Hammerfest. To support the development, Equinor has awarded a major contract to Nexans to design, manufacture and supply a total of...
Science-based Collaboratory Brings Diverse Stakeholders Together to Study Methane Emissions from Natural Gas
A new industry-led collaborative research consortium will work to advance methane science to better understand global methane emissions and the need for additional solutions. The Collaboratory for Advancing Methane Science (CAMS) will pursue scientific studies addressing methane emissions from all sectors along the entire natural gas value chain, from production to end use. Studies will focus on detection, measurement, and quantification of methane emissions with the goal of finding oppo...
Indonesia and China Will Be Growth Engines of Oil Storage Industry in Asia and Oceania, says GlobalData
Indonesia and China will drive most of the growth in oil storage industry in Asia and Oceania over the period 2018–2022, according to leading data and analytics company GlobalData. The two countries are set to add more oil storage capacity than any other countries in the two regions over the outlook period. The company’s report ‘Oil Storage Industry Outlook in Asia and Oceania to 2022’ shows that Asia and Oceania will account for 44.5% of the total global oil storage capacity in 2018. The st...
Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production
Studio City, California - Petroteq Energy Inc. (TSXV: PQE) (OTC Pink: PQEFF) (FSE: PQCF) ("Petroteq" or the "Company"), a company focused on the development and implementation of proprietary technologies for the energy industry, announced the successful unveiling of its environmentally friendly heavy oil processing and extraction plant located at the Asphalt Ridge in Uintah Basin, Utah. Management of Petroteq took the opportunity of this media day to initiate production at the plant. Members...
IEA Report: Growing Non-OPEC Supply May Shelve Sharp Oil Price Spikes
In the latest Oil Market Report update issued by the International Energy Agency on June 14, global oil prices are "unlikely to increase as sharply as they did" from mid-2017 onwards due to growth in oil supplies from nations that are not members of the Organization for Petroleum Exporting Countries or "OPEC." "As far as supply is concerned, we have revised upwards our estimate for 2018 non-OPEC production growth to 2 million barrels per day (b/d) and in 2019 we will also see bumper growth, a...
Stormwater Interview with Robert Page, P.E., Vice President, HNTB
Santa Barbara County North Branch Jail Expansion
February Issue 2026
