US ‘near miss’ offshore safety program a ‘near success’ – Fuel for Thought
An ambitious effort to collect “near miss” data from US offshore drillers has stalled, but regulators are working to get the program back in gear.
U.S. crude oil production in 2015 was the highest since 1972
(Mon, 07 Nov 2016) U.S. field production of crude oil increased in 2015 for the seventh consecutive year, reaching 9.42 million barrels per day (b/d). This was the highest crude oil production level since 1972, based on final production numbers in EIAâs <em>Petroleum Supply Annual</em>.
Turkey’s Kurdish arrests put kibosh on ferrous scrap trade
It was a different kind of Black Friday for Turkey on Friday as politics bit into trade and business, including the steel scrap market.
What happens to oil prices just after a US presidential election?
We studied the movement of oil pricing in the 90 days immediately following the most recent presidential elections in the US — the world’s largest economy.
Oil wells drilled horizontally are among the highest-producing wells
(Fri, 04 Nov 2016) Oil wells drilled horizontally through hydrocarbon-bearing formations are often among the most prolific oil wells in the United States. Although modern horizontal drilling achieved commercial success in the 1980s, drilling techniques have improved, and in recent years, horizontal drilling has become more common.
US ethane cracker updates in petrochemical Q3 earnings calls
The first in a wave of US Gulf Coast ethane cracker projects is slated to start up in the Q1 of 2017. Here is a roundup of other major cracker updates.
Major gasoline pipeline in Southeast disrupted for second time in two months
(Thu, 03 Nov 2016) On the afternoon of October 31, an explosion occurred on the Colonial Pipeline Line 1, which carries gasoline from the Gulf Coast to as far east and north as North Carolina and is a key supply source for several states in between and beyond. This is the second major disruption of Colonial Line 1 in less than two months.
U.S. summer gasoline consumption sets new high
(Wed, 02 Nov 2016) The consumption of U.S. finished motor gasoline reached a new high of 9.7 million barrels per day (b/d) in June 2016, surpassing the previous one-month high of 9.6 million b/d set in July 2007. U.S. gasoline consumption during summer 2016 (June through August) increased by 169,000 b/d, or 1.8%, relative to the same period in 2015. The increase in gasoline consumption was slightly lower than the increase in driving, suggesting that fuel economy improvements slightly mitigated the increase.
Kuwait Country Analysis Brief
(Wed, 02 Nov 2016) As a member of the Organization of the Petroleum Exporting Countries (OPEC), Kuwait was the world's 10th-largest producer of petroleum and other liquids in 2015, and it was the fifth-largest producer of crude oil among the 14 OPEC members. Despite its relatively small geographic size (about 6,900 square miles), in terms of production, it only trailed Saudi Arabia, Iraq, Iran, and the United Arab Emirates in production of petroleum and other liquids in 2015.
U.S. energy production, consumption has changed significantly since 1908
(Tue, 01 Nov 2016) On Tuesday, the Cleveland Indians are set to host the Chicago Cubs in game six of the 2016 Major League Baseball World Series. In the 68 years since the last title for the Cleveland Indians, and the 108 years since the last World Series title for the Chicago Cubs, energy production and consumption patterns in the United States have changed a great deal.