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IEA: Ample oil storage keeps market adequately supplied

Oil’s sharp rally to near $70/bbl has spurred talk of a new super-cycle and a looming supply shortfall. However, the International Energy Agency (IEA)’s data and analysis suggest otherwise.

OGJ editors Mar 17th, 2021 Refining
Gazprom JV replacing EPC contractor for Ust-Luga gas processing plant
Robert Brelsford Mar 17th, 2021 Renewable Energy
MOL Group adds biodiesel production at Danube refinery
Robert Brelsford Mar 16th, 2021 Construction
Neste selects Rotterdam for possible renewables refinery
Robert Brelsford Mar 16th, 2021 Pipelines
EIA: Recent pipeline completions add 4.4 bcfd of transportation capacity
OGJ editors Mar 16th, 2021 Latest Content from OGJ Construction
Gazprom Neft to add new hydrocracker at Moscow refinery
Robert Brelsford Mar 12th, 2021 Operations
Petron plots restart of idled Philippine refinery
Robert Brelsford Mar 11th, 2021 Optimization
Planned maintenance under way at ExxonMobil’s UK refinery
Robert Brelsford Mar 11th, 2021 Gas Processing
NiQuan Energy commissions GTL plant in Trinidad and Tobago
Robert Brelsford Mar 10th, 2021 Discoveries
Equinor makes oil discovery near Johan Castberg field
OGJ editors Mar 10th, 2021 Current Issue
Volume 119, Issue 3a

Subscribe Digital Edition Archives General Interest Companies
Gazprom, Shell expand cooperation with 5-year agreement
Mar 17th, 2021 General Interest
EIA: US crude inventories up 2.4 million bbl
OGJ editors Mar 17th, 2021 Economics & Markets
IEA: Ample oil storage keeps market adequately supplied
OGJ editors Mar 17th, 2021 Sponsored
McCrometer V-Cone Flow Meter | Steam & Gas Flow Measurement
Feb 5th, 2021 Exploration & Development Exploration & Development
Talon Petroleum holds high hopes for Perth basin Condor prospect
Rick Wilkinson Mar 17th, 2021 Discoveries
Chrysaor discovers hydrocarbons in southern North Sea
OGJ editors Mar 17th, 2021 Discoveries
Adani Welspun Exploration discovers gas offshore Mumbai
OGJ editors Mar 16th, 2021 Drilling & Production
Orinduik partners renew license, drilling target selection expected this year
OGJ editors Mar 15th, 2021 Drilling & Production Production Operations
Lukoil increases Imilorskoye field production 20% year-over-year
OGJ editors Mar 17th, 2021 Drilling Operations
Serica Energy spuds Columbus development area well
OGJ editors Mar 17th, 2021 Production Operations
Var Energi granted Marulk field life extension
OGJ editors Mar 16th, 2021 Sponsored
McCrometer V-Cone Flow Meter | Steam & Gas Flow Measurement
Feb 5th, 2021 Refining & Processing Construction
Azikel selects EPC contractor for Nigerian modular refinery
Robert Brelsford Mar 17th, 2021 Refining
Gazprom JV replacing EPC contractor for Ust-Luga gas processing plant
Robert Brelsford Mar 17th, 2021 Construction
Angola greenlights US consortium to build, own new refinery at Soyo
Robert Brelsford Mar 17th, 2021 Sponsored
Other PRAs said US oil was worthless
Jan 29th, 2021 Pipelines & Transportation LNG
New Fortress takes FID on modular liquefaction, advances regas projects
Christopher E. Smith Mar 17th, 2021 Energy Transition
Valero, BlackRock, Navigator to build CCS pipeline, storage
OGJ editors Mar 16th, 2021 Pipelines
EIA: Recent pipeline completions add 4.4 bcfd of transportation capacity
OGJ editors Mar 16th, 2021 Sponsored
McCrometer V-Cone Flow Meter | Steam & Gas Flow Measurement
Feb 5th, 2021 COVID-19 Optimization
Ecopetrol plans major upgrades at Barrancabermeja refinery
Robert Brelsford Feb 19th, 2021 Economics & Markets
Morgan Stanley: A new cycle begins for global gas, LNG
OGJ editors Jan 25th, 2021 Economics & Markets
IEA: Oil fundamentals on stronger trajectory
OGJ editors Jan 19th, 2021 Economics & Markets
EIA forecasts Brent prices to average $53/bbl over 2021, 2022
OGJ editors Jan 12th, 2021 LNG LNG
New Fortress takes FID on modular liquefaction, advances regas projects
Christopher E. Smith Mar 17th, 2021 LNG
Excelerate, ExxonMobil study LNG-to-power terminal in Albania
OGJ editors Mar 15th, 2021 LNG
NextDecade completes EPC repricing for Rio Grande LNG
OGJ editors Mar 10th, 2021 LNG
Novatek signs 15-year Arctic LNG 2 supply deal
Mar 2nd, 2021 White Papers Home
Best Practices for Automation Technology Implementation in the Oil & Gas Industry
Advantech Feb 16th, 2021 White Papers
Biomass Carbon Powders for Drilling Fluids & Fluid Loss Prevention
EnviraPAC Jan 29th, 2021 White Papers
Deploy Edge Computing to Accelerate Digital Transformation in Midstream Oil & Gas
Stratus Technologies Dec 6th, 2020 White Papers
MULTI-CLIENT AGREEMENTS IN PERU
Oct 30th, 2020 Videos & Webcasts Home
April 1st Webinar: Rethinking Intelligent Document Understanding & Information Access
Iron Mountain Apr 1st, 2021 Home
March 23rd Webinar - Oil and Gas Industry Trends in Cloud Migration
Mar 23rd, 2021 Home
March 3rd Webinar: Subsea Tiebacks in a Virtual World: Technologies and Behaviors Accelerated Due to the COVID19 Pandemic
Dril-Quip, Inc. Feb 3rd, 2021 Home
March 11th Webinar: ROI Business Case: Moving off Legacy Systems to a Complete, Oil and Gas SaaS ERP
W Energy Software Mar 11th, 2021 Discoveries
Equinor makes oil discovery near Johan Castberg field

Equinor Energy AS and partners will evaluate a recent Barents Sea oil discovery with a view toward a possible tie-in to Johan Castberg field. Preliminary estimates place the size of the discovery at 5-8 million std cu m.

OGJ editors Mar 10th, 2021 Economics & Markets
February Henry Hub gas spot price highest monthly average since 2014

The Henry Hub natural gas spot price averaged $5.35/MMbtu in February, up from the January average of $2.71/MMbtu, and the highest nominal monthly average Henry Hub spot price since February 2014.

OGJ editors Mar 10th, 2021 Operations
Petrobras executing hydrotreater upgrade at REDUC refinery

Petrobras is undertaking a project involving the revamp of an existing hydrotreater to improve the quality and quantity of low-sulfur diesel production at its Duque de Caxias refinery in the Baixada Fluminense area of Brazil’s Rio de Janeiro state.

Robert Brelsford Mar 9th, 2021 Construction
Bolivia’s YPFB to add renewable diesel plant at Santa Cruz refinery

The government of Bolivia and Yacimientos Petrolíferos Fiscales Bolivianos unveiled plans for construction of a grassroots renewable diesel production plant at YPFB subsidiary YPFB Refinación SA’s Guillermo Elder Bell refinery in Santa Cruz de la Sierra.

Robert Brelsford Mar 8th, 2021 Operations
Lukoil lets contract for Nizhny Novgorod refinery

PJSC Lukoil has let a contract to Honeywell UOP LLC to provide licensing for a suite of technologies to enable expanded production of Russian Class 5-quality gasoline at subsidiary LLC Lukoil Nizhegorodnefteorgsintez’s Kstovo refinery in central Russia.

Robert Brelsford Mar 3rd, 2021 Economics & Markets
Rystad: Offshore project commitments set to hit record, deepwater to have top growth

Offshore project commitments are expected to not only recover but reach a new record—cumulatively almost 600 projects in the 5-year period toward 2025—according to Rystad Energy.

OGJ editors Mar 3rd, 2021 Companies
Armour Energy proposes demerger of its northern basin oil and gas assets

Armour Energy Ltd., Brisbane, has proposed a demerger and separate Australian Stock Exchange listing for the company’s north Australian basins business.

Rick Wilkinson Mar 3rd, 2021 Capacities
IOC greenlights plan to expand Panipat refinery

Indian Oil Corp. Ltd. is moving forward with a previously announced plan to expand its 15-million tonnes/year integrated Panipat refining and chemical complex in Haryana, India, north of New Delhi.

Robert Brelsford Mar 2nd, 2021 Refining & Processing
Prax concludes purchase of Total’s UK refinery, downstream assets

Prax Group has completed its proposed acquisition of Total SE’s UK downstream business, including subsidiary Total Lindsey Oil Refinery Ltd.’s 109,000-b/d refinery in North Killingholme, Immingham, Lincolnshire, and associated logistics assets.

Robert Brelsford Mar 2nd, 2021 Operations
Valero starts up new unit at St. Charles refinery

Valero Energy Corp. has commissioned a new alkylation complex based on novel proprietary process technology from Lummus Technology LLC at subsidiary Valero Refining New Orleans LLC’s 340,000-b/d St. Charles refinery in Norco, La.

Robert Brelsford Mar 1st, 2021 Exploration & Development
ConocoPhillips, 3D Oil JV to run seismic offshore Tasmania

ConocoPhillips Australia and its joint venture partner, 3D Oil Ltd., Melbourne, contracted Shearwater Geoservices to run a 3D seismic survey over permit T/49P in the Tasmanian sector of the offshore Otway basin.

Rick Wilkinson Mar 1st, 2021 Petrochemicals
Hengyi lets contract for aromatics expansion at Brunei complex

Hengyi Industries Sdn. Bhd. has let a contract to UOP LLC to deliver a suite of technologies to expand aromatics production at Hengyi's 8-million tonnes/year integrated refining and petrochemical complex on Pulau Muara Besar island in Brunei.

Robert Brelsford Feb 25th, 2021 Economics & Markets
WoodMac: IOCs emerge from ‘toughest year’ primed for record free cash flow

International oil companies (IOCs) are primed for a V-shaped recovery in free cash flow, and may generate record figures this year should oil prices average $55/bbl, according to analysis from Wood Mackenzie. Spot Brent is currently $67/bbl.

OGJ editors Feb 25th, 2021 Capacities
Aramco lets contract for new unit at Shaybah gas plant

Saudi Aramco has let a contract to Wison Engineering Services Co. to provide EPC services for an upgrading project at Aramco’s existing NGL recovery plant in Shaybah oil field in the Empty Quarter of the Arabian Peninsula, southeast of Saudi Arabia.

Robert Brelsford Feb 25th, 2021 About Us Contact Us Advertise Privacy Policy Terms & Conditions © 2021 Endeavor Business Media, LLC. All rights reserved.


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