Gulf Energy Ambitions Boost Global Shipbuilding
Regional energy companies are investing to consolidate their oil and gas market share over the long term. The race among Gulf national oil companies (NOCs)...
Downstream
China and US Lead New-build Capacity Growth in Global LNG Regasification and Liquefaction Sectors
China and the U.S. and are expected to lead the capacity growth in the global LNG liquefaction and regasification sectors from planned and announced (new-build)...
Refiners Worldwide Hit Hard by Fuel Demand Destruction Caused by Lockdowns and Stringent Travel Restrictions
Stringent travel restrictions worldwide have wiped out the market for fuel transportation and long storage durations have led to the deterioration of products such as...
Global Oil and Gas Contract Activity Reports Downtrend Amid COVID-19 Outbreak During Q1 2020
The global oil and gas industry has witnessed a significant slowdown in the number of oil and gas contracts and contract value, which is largely...
Surplus Volumes Amid Global Drop in Oil Demand Due to COVID-19 Leaves Oil Companies Grappling for Storage Space
Oil companies are dealing with a plethora of challenges due to the sudden decline in demand amid the COVID-19 pandemic. Distant storage locations increase costs...
Feature Podcast: Essential Engineering Procurement Construction (EPC) Companies Striving for Normalcy
Engineering Procurement Construction (EPC) companies are essentially the hands and feet of any major oil and gas new construction operation. An EPC is absolutely necessary...
Crucial Features in Optimal Management of Oil and Gas Storage and Terminals
The storage of hydrocarbons represents one of the last steps of the production chain; tank farms are places where the oil pumped from the oil...
Update on Automatic Tank Gauging for Oil Lease Tanks
by Lee Aiken
Owners of oil lease tanks have been constrained by lack of technology and outdated regulations from being able to fully utilize automation in their tanks....
Gasoline Price Decline Will Help Reverse Recession
by Alex Mills
Gasoline prices from coast-to-coast have declined more than $1 per gallon this year as a result of a massive oversupply of petroleum products. AAA reported...
Crude Production Cuts in the US Too Slow to Support the Price as Storage Runs Out by Mid-May
Following the historic fall of the West Texas Intermediate (WTI) futures price for May delivery into negative territory, going as low as negative US$37.6 per...