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EIA Expects that 2018 Gasoline Prices Have Peaked in the July Short-Term Energy Outlook

July 11, 2018 - in Energy, Featured, Oil & Gas

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…

EIA: Gasoline Prices Will Decline for the Rest of 2018

July 10, 2018 - in Energy, Oil & Gas

According to data tracked by the Energy Information Administration, the national average for regular-grade gasoline is expected to decline for the rest…

Nexans Wins Major Subsea Umbilical Contract from Equinor for Troll Phase 3 Development

July 9, 2018 - in Energy, Oil & Gas

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…

Fast-Track Delivery of Wärtsilä Gas Fired Power Plant Will Help Alleviate Myanmar’s Electricity Shortage in Kyaukse

July 2, 2018 - in Energy, News, Oil & Gas

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…

Equinor Chooses Nexans Umbilical Technology for its Askeladd Development in the Barents Sea

July 2, 2018 - in Energy, Oil & Gas

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…

Science-based Collaboratory Brings Diverse Stakeholders Together to Study Methane Emissions from Natural Gas

June 28, 2018 - in Energy, Oil & 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…

Indonesia and China Will Be Growth Engines of Oil Storage Industry in Asia and Oceania, says GlobalData

June 28, 2018 - in Energy, Oil & Gas

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…

Petroteq Unveils Asphalt Ridge Oil Extraction Facility, Initiates Production

June 20, 2018 - in Energy, Oil & Gas

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…

IEA Report: Growing Non-OPEC Supply May Shelve Sharp Oil Price Spikes

June 19, 2018 - in Energy, Oil & Gas

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…

Petroteq Acquires Additional Acreage Adjacent to Its Asphalt Ridge Location Contingent Resource Increased 8.5% to 93.4 Million Barrels

June 7, 2018 - in Energy, Oil & Gas

Studio City, Califronia - (Newsfile Corp. - June 7, 2018) - 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…