US leads the world in oil, gas production #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

US Leads the World in Oil, Gas Production

It’s official. The United States became the world’s leading producer of petroleum and natural gas in 2018. The Energy Information Administration at the Department of Energy said on Tuesday petroleum production increased by 16 percent and natural gas rose 12 percent. “Last year’s increase in the United States was one of the largest absolute petroleum and natural gas production increases… Read More
Bechtel and CCS JV led surge in global oil & gas contracts value to US$42bn in Q2 2019 #OilmanNEWS Downstream Midstream Oil and Gas News Upstream 

Bechtel and CCS JV Led surge in Global Oil & Gas Contracts Value to US$42bn in Q2 2019

The global oil and gas industry’s total contract value reached US$42bn in Q2 2019, a massive 79 percent increase on Q1’s value of US$23.4bn according to GlobalData, a leading data and analytics company. Pritam, Oil & Gas Analyst at GlobalData, says: “This rise occurred despite there being a slight decline in the number of contracts from 1,453 in Q1 to… Read More
Opportunity Knocks: How Downstream Companies Can Successfully Participate in IMO 2020 Market #OilmanNEWS Downstream Oil and Gas News 

Opportunity Knocks: How Downstream Companies Can Successfully Participate in IMO 2020 Market

In 1848, gold was found at Sutter’s Mill in Coloma, California setting off the Gold Rush, which brought an influx of new participants to seize upon an opportunity. Some were experienced miners. Some were goods traders who knew how to purchase and sell supplies. Many were unprepared. They lacked information and knowledge on where to go and how to mine… Read More
Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure #OilmanNEWS Downstream Midstream Oil and Gas News Texas Upstream 

Policymakers Increasingly Intolerant of Criminal Activity Targeting Critical Infrastructure

In recent years, we’ve watched as environmental activists have adopted more aggressive tactics designed to block the development of infrastructure projects that benefit our nation, at times even taking destructive and violent action to stop the construction of pipeline systems and other oil and gas facilities in the United States. Demonstrations against the Keystone XL Pipeline and the Dakota Access… Read More
Israel will emerge as gas exporter in Eastern Mediterranean region by mid-2020s #OilmanNEWS Downstream Oil and Gas News 

Israel Will Emerge as Gas Exporter in Eastern Mediterranean Region by Mid-2020s

Israel has gone through an energy production revolution owing to discoveries of natural gas resources such as the Tamar and Leviathan fields over the past decade. Against this backdrop, the country’s gas production will significantly exceed demand and it will emerge as a gas exporter in the Eastern Mediterranean region by mid-2020s, says GlobalData, a leading data and analytics company.… Read More
North America is expected to add around 265 mtpa of LNG liquefaction capacity in 2023 #OilmanNEWS Downstream Oil and Gas News 

North America is Expected to Add Around 265 mtpa of LNG Liquefaction Capacity in 2023

North America will be the major contributor to the growth of global liquefied natural gas (LNG) liquefaction capacity between 2019 and 2023, accounting for around 72% of the total global capacity from planned and announced projects, according to GlobalData, a leading data and analytics company. The company’s report: ‘H1 2019 Global Capacity and Capital Expenditure Outlook for LNG Liquefaction Terminals… Read More
Natural Gas Generates the Most Electricity #OilmanNEWS Alex Mills Contributors Downstream Oil and Gas News 

Natural Gas Generates the Most Electricity

Natural gas continues its streak as the leading fuel to generate electricity across the U.S. The Energy Information Administration (EIA) reports natural gas accounted for 62 percent of the new utility-scale additions in 2018 followed by wind with 21 percent and solar photovoltaic with 16 percent. Overall, 31.3 gigawatts (GW) of generating capacity was added last year, which had the… Read More
Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds #OilmanNEWS Downstream Oil and Gas News Press Release 

Gasoline is More Important Than Healthcare for Americans, Choose Free Gas Over Free Cash, New Study Finds

BOSTON — Americans collectively spent $388 billion on gasoline in 2018, averaging to 34 million fill-ups a day. GasBuddy, the only smartphone app connecting drivers with the Perfect Pit Stop, today issued the 2019 Consumer Sentiment on Gasoline Study that finds that the necessity, perception, and price of gasoline adversely impacts Americans across all age groups and income brackets, with a… Read More
Natural Gas Leads As Electric Generation Fuel 2018 March-April Alex Mills Contributors Downstream 

Natural Gas Leads As Electric Generation Fuel

Three years ago natural gas became the largest source of electric generation in the U.S.  In 2017, natural gas increased its lead as coal continued its slide downward, according to a new report issued by the Energy Information Administration (EIA) on Tuesday. Overall, total U.S. net electricity generation declined 1.5 percent, and natural gas fell 7.7 percent as about 4… Read More
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Hey, Don't Forget to Register for OILMAN ConnectThe Oil & Gas Virtual Conference & Expo November 5 & 6, 2019

We would like to invite you to attend the OILMAN Connect Virtual Conference and Expo. At OILMAN Connect, you will have the opportunity to visit companies showcasing their industry products, technology, and software solutions, as well as hear from oil and gas industry leaders presenting at our innovative webinar and speaker series - all with the click of a button. FREE to attend. Plus, we're giving away fantastic prizes during the show.