Energy Bulletin

Providing Readers the latest news and updates in the Energy World. Plus, sharing Oil & Gas knowledge with the public by the industry's own professionals.

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Reposted from @oilindustry
For the first tine in the oil and gas history: Negative oil prices amid the #coronavairus pandemic!

Yesterday WTI received a remarkable shock. Minus 37 USD.

Will the industry come back on its feet again? Who to blame?
Comment your thoughts

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How can you look at zigzag patterns on a log and tell where the oil, gas, water is?

The green pattern at the far left is a gamma Ray log. The red line in the second column(middle) is resistivity log.

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Saudi Arabia’s energy minister, Prince Abdulaziz bin Salman, opined that global oil cuts will amount to 19.5 million barrels per day (mmbbl/d) with the OPEC+ cuts and G20 pledges, according to Reuters.

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UK-based oil exploration firm Pantheon Resources believes it has a huge 1.8-billion-barrel oil discovery in Alaska after evaluating an old exploration well with modern technology, the company’s top executives told the Alaska Journal of Commerce.

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OPEC has succeeded. On Thursday, the OPEC++ group agreed, in principle, to cut 10 million bpd in oil production, according to media. But will it be enough? Today’s oil prices suggest not.

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Due to the combined global effect of the Covid-19 pandemic and the ongoing oil price war, the American oil and gas industry is stepping heavily on the brake pedal and is reducing drilling at record speed, Rystad Energy research shows,
From a peak of about 620 rigs in

[Energy Bulletin @EnergyBOnline]

This video clip explains so much about gas production. The clip touches everything from drilling, completion, production and some geology.
#learnsomethingneweveryday #talkoilandgas

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Saudi Arabia is making good on its threat to flood the world with oil, according to data from satellite images. Saudi loadings of oil onto tankers have surged reaching as high as 14.8 million barrels on Wednesday

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Shareholders also approved a second and final dividend payment of Dh1.194 billion for 2019. This matches the payment made in October, bringing the full year dividend to Dh2.39 billion.

[Energy Bulletin @EnergyBOnline]

low cost offshore #pipeline #decommissioning method
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#offshore #offshore_life #maritime #marine #topside
#sea #coast #drilling #rig #oilfield #oilandgas #pipeline
#oilfiled_life #seekoffshore #petroleum #petroleum_industry #power

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The Kuwait Foreign Petroleum Exploration Company (KUFPEC) is set to uphold its current levels of production at 108,000 barrels per day (bbl/d) despite the drop in demand, according to KUNA.

[Energy Bulletin @EnergyBOnline]

A spar like this one form some of the deepest oil and gas platforms out there. Apart from Drillships, Spars can really be used in very deep waters.

#oilandgas #offshore #engineering #spe #offshorelife #production #oil #gas #oilprice #rig #petroleumengineering #offshorediver

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Daily Brent Crude Oil Price: US$/bbl 27.82 24/03/2020. Source: Bloomberg

#oil #price #energy #bloomberg #stock #market #buying #selling #commodity #fossil #fuel #usdollar #barrels #oilandgas ##energyindustry #instagood #followme #followme #likedaily

[Energy Bulletin @EnergyBOnline]

Aker Solutions has entered a master agreement to provide umbilicals for Chevron-operated oil and gas fields in the US Gulf of Mexico. The company also secured the first work order under the new master agreement, to provide 15 miles of umbilicals for Chevron’s Anchor project.

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Saudi Aramco has published a news statement, listing all precautionary measures taken to combat the COVID-19 outbreak in Saudi Arabia, stressing that there will be no disruption to production.

[Energy Bulletin @EnergyBOnline]

Various reports hit the news feeds today quoting a deliberately headline-grabbing statement by Paul Sankey, managing director at Mizuho Securities, in which he is reported as saying, “Oil prices can go negative.” That is, they could as a combination of Saudi Arabia (and Russia)

[Energy Bulletin @EnergyBOnline]

These smart solar blinds bring renewable power to your home or office.
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They are called @solargaps and they automatically adjust their position to track the sun all day. This lets the system generate the most solar power for your devices.⠀
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[Energy Bulletin @EnergyBOnline]

Daily Brent Crude Oil Price: US$/bbl 26.23 .3/18/2020 Source: Bloomberg

#oil #price #energy #bloomberg #stock #market #buying #selling #commodity #fossil #fuel #usdollar #barrels #oilandgas ##energyindustry #instagood #followme #followme #likedaily

[Energy Bulletin @EnergyBOnline]

ADNOC has announced plans to invest $30 billion on oil fields to accelerate production up to 5 million b/d, Hellenic Shipping News reported. This represents a seismic increase from their current production record of 3.336 million b/d in November 2018.

[Energy Bulletin @EnergyBOnline]

Understanding oil and gas terminologies - Fluid pound

What happens when gas gets into pumping unit/pumpjack? A phenomenon known as “fluid pound” will take place. How does it work ?