Oil and Gas 360 Publisher Note:

Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

Modi says India set to double oil refining capacity in 5 years, earlier than expected – just part of the “balanced diet of power”

Energyworld

Oil & Gas 360 Publishers Note: Narendra Modi, Prime Minister of India, again is demonstrating that his power policies are using the “balanced diet of power” to include fossil and renewable sources. His leadership in power principals should be

Off-grid solar generation could affect how Africa uses coal, natural gas for electricity – a good thing for everyone

Off-grid solar generation could affect how Africa uses coal, natural gas for electricity – a good thing for everyone

EIA

Oil & Gas Publishers Note: Getting a “Balanced diet of power” is critical to get the lowest kWh to all of the people, while being good stewards of our natural resources. 

In the International Energy Outlook 2020 (IEO2020), the …

Rendering of proposed Versatile Test Reactor -Idaho National Laboratory

U.S. Department of Energy Announces Plans for Environmental Impact Statement for Versatile Test Reactor

Office of Nuclear Energy

Oil & Gas 360 Publishers Note: This is good news as we try to get a “balanced power” to help the environment. Having all types of renewable, hydro, nuclear and clean fossil fuels is a good

Oil Rig with the JCA Crown Lights

EIA expects U.S. crude oil production to remain relatively flat through 2021

EIA

Oil & Gas 360 Publisher’s Note: The world dynamics within the energy markets will have a major impact on pricing, and therefore we are seeing a major decline in production requirements. 

In the U.S. Energy Information Administration’s (EIA) November …

Reuters FILE PHOTO: A worker walks at Enel SpA's hydrogen-fuelled combined cycle power plant inside the Andrea Palladio Fusina plant in Venice July 12, 2010. REUTERS/Alessandro Garofalo

Italy drafts guidelines for national hydrogen strategy -Gray on the way to Green

Reuters

Oil & Gas 360 Publishers Note: Gray hydrogen refers to hydrogen created with fossil fuels, and green hydrogen is maid with renewables.

Italy has set out guidelines for a national hydrogen strategy to help decarbonise the economy as it …

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

We projected that Libyan crude output would pick up to 1.2mn b/d in 2020

Argus

Oil & Gas 360 Publishers Note: We have been covering this on the Daily Energy News Beat, and called that Libyan crude would hit the 1.2 mark in 2020. Many other news groups were indicating 2021. Hats off

Aramco relies on new bonds to meet dividend obligations to stakeholders and social programs

Aramco relies on new bonds to meet dividend obligations to stakeholders and social programs

Bloomberg

Oil & Gas 360 Publishers Note: The 360 team covered this on the Energy News Beat last week. Important story for the country of Saudi Arabia, as Saudi Aramco has one of the lowest cost to produce oil costs

Source: Reuters

China acknowledges Biden election win in snub to Trump – What does this mean to Energy?

argus

Oil & Gas 360 Publishers Note: This is wild politics at it’s finest. Let’s see if Putin follows China and acknowledges today.

Singapore, 13 November (Argus) — China has finally congratulated Joe Biden on winning the US presidential elections, …

Every thing is bigger in Texas, and 2020 could be a record year for U.S. wind turbine installations

Every thing is bigger in Texas, and 2020 could be a record year for U.S. wind turbine installations

EIA

Oil & Gas 360 Publishers Note: While Texas always does things bigger, it is interesting to see the wind turbine capacity so far ahead of the other states.

According to data collected by the U.S. Energy Information Administration (EIA), …

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Hopes dim for Australian coking coal as China digs in – what does that mean for steel production in China?

Argus

Oil & Gas 360 Publishers Note: Steel production in China will have a major supply issue and price increase. – This will be one issue that will effect steel production and other markets in China. – One to watch. 

November 11, 2020 - 7:15 am China, Coal News, International, Oil and Gas 360 Publisher Note:
Source: Reuters

Libya passes 1 million barrel per day oil production milestone – 1.3 million bpd by year end

Bloomberg

Oil & Gas 360 Publishers Note: Other news agency’s were indicating that Libya would not get over the 1 million bpd until 2021, but we were calculating before the end of 2020. This is a major issue in world

Iranian parliament orders increase in uranium enrichment – This is one to watch

Iranian parliament orders increase in uranium enrichment – This is one to watch

WNN

Oil & Gas 360 Publishers Note: The US Presidential Election is already having a world wide impact. This will be a story to watch to see if the policy will be changed to Iran and peace in the Middle

November 6, 2020 - 8:00 am International, Nuclear, Oil and Gas 360 Publisher Note:
Power sector consumed 30% less coal in first-half 2020 than in first-half 2019 – Good for environment

Power sector consumed 30% less coal in first-half 2020 than in first-half 2019 – Good for environment

EIA

Oil & Gas 360 Publishers Note – Notice the coke coal increased, which is a good thing for economy, as it is used for manufacturing. We are also seeing new technology coming on-line that will help reduce coal co2 …

Iraq exceeded its Opec+ crude output ceiling last month – Again?

Iraq exceeded its Opec+ crude output ceiling last month – Again?

Argus

Oil & Gas 360 Publishers Note: You have to realize that the leadership of Opec+ and Opec have a tough job keeping countries within quotas. I don’t know that I could do any better on such a tough job.

In 2019, the U.S. imported $13 billion of energy goods from Mexico, exported $34 billion

In 2019, the U.S. imported $13 billion of energy goods from Mexico, exported $34 billion

EIA

Oil & Gas 360 Publishers Note: With the uncertainty of OPEC and OPEC + to control inventories, it would make sense for a national security to create the North American Oil Produces Consortium (NOPC) with Canada, US and Mexico.

The oil company to watch: Saudi Aramco stages partial recovery in 3Q

The oil company to watch: Saudi Aramco stages partial recovery in 3Q

Argus

Oil & Gas 360 Publishers Note:  We are watching the long term plan from the Saudi Aramco management team, as they are taking a different path than the other major oil companies. In my opinion they are on the

Total signs pact with Tanzania for its EACOP pipeline construction project – making headway

Total signs pact with Tanzania for its EACOP pipeline construction project – making headway

Energy Mix

Oil & Gas360 Publishers Note: It seems that here is one success for a pipeline against activist and political pressure. This pipeline actually will help the local community, and is a good thing. 

Total has announced that it …

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Shell Acquires Full Control of Chinese Gas Station Joint Venture

Bloomberg

Oil & Gas 360 Publishers Note: This purchase seems to fly in the opposite direction from the Shell’s charted course – Now if they are planning to retro-fit to electric or hydrogen filling stations, this might be just the

Brage Vanebo (left), Erna Solberg and Morten Lillegårdsetre at the Equinor facility in Porsgrunn. (Photo: Ole Jørgen Bratland)

Norway’s Prime Minister Erna Solberg opens the world’s largest test facility for CO2 transport – very cool

energy-pedia

Oil & Gas 360 Publishers Note: This is an excellent example from Equinor and Norway on the oil & gas market working to accelerate efforts to capture CO2. 

On 30 October Prime Minister Erna Solberg opened the world’s largest …

Libya’s oil production surges to 800,000 barrels per day – on the way to 1.2m bpd in 2020

Libya’s oil production surges to 800,000 barrels per day – on the way to 1.2m bpd in 2020

Bloomberg

Oil & Gas 360 Publishers Note: Working on sources from other news agencies, and government reports, we are seeing that the extra production to the 1.2m bpd has the potential to be  on-line before the end of 2020. We

Throughout the Trump Years, Renewables Sector Has Employed Nearly Three Times as Many People as Fossil Fuels Industry

Throughout the Trump Years, Renewables Sector Has Employed Nearly Three Times as Many People as Fossil Fuels Industry

Morning Consult

Oil & Gas Publishers Note: Excellent article from the Morning Consult. Lisa Martine Jenkins brings up great points aligned with data.

Over the course of this election season, energy in the United States has been debated through the

West Mira (Photo: Seadrill)

Drilling starts on the Nova Field in Norway – Offshore drilling still moving forward

wintershal dea

Oil & Gas 360 Publisher’s Note: The offshore drilling and production action is encouraging to see continuing through this tough world wide downturn. 

Wintershall Dea has begun drilling the first of six wells on the operated Nova field

China’s PE imports from Iran surge in September – one of the OPEC problems of quota control

China’s PE imports from Iran surge in September – one of the OPEC problems of quota control

Argus

Oil & Gas 360 Publishers Note: This is an example of some of the over quota oil production, and what is causing such havoc on oil price stabilization.

Shanghai, 26 October (Argus) — Chinese polyethylene (PE) imports from Iran …

India has also seen increased focus on clean energy in recent years.

India may see $206 bn investment in oil and gas in next 8-10 years

Business – Standard

Oil & Gas 360 Publishers Note: An excellent piece talking about the leaders in India trying to have a “Balanced Diet of Power” . This means getting the lowest kWh to all of the India’s population. They

Source: Reuters

Sudan to join UAE, Bahrain in recognizing Israel – Another step in stabilizing oil prices through peace.

Fox News

Oil & Gas Publishers Note: This is one of the peace deals in the Middle East we have been looking for this week. This is just another step in stabilizing oil prices through peace.

President Trump announced Friday …

October 23, 2020 - 12:00 pm International, Oil and Gas 360 Publisher Note:, Politics
Exxon Mobil's campus in The Woodlands.(Gary Coronado / Houston Chronicle)

Exxon Mobil to workers: Job cuts are coming – it’s not going to stop here either

Bloomberg

Oil & Gas 360 Publishers Note: With Exxon and the other major oil companies migrating away from oil and gas production, more layoffs will be coming. New jobs in the renewable markets will not be able to fill all

Iraq plans for 7 million bpd crude capacity by 2027 – Interesting twist for the market

Iraq plans for 7 million bpd crude capacity by 2027 – Interesting twist for the market

Oil & Gas

Oil & Gas 360 Publishers Note: With the oil majors turning to Green Energy, and reducing oil production, this will leave Iraq having more influence on world oil prices and supply. Not necessarily a good thing, especially

ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

ConocoPhillips in talks to buy Permian producer Concho – OAG360 Rumor Mill

OAG360 Publishers: ConocoPhillips looks to hop in on the M&A action with the acquiring Midland, TX based Concho Resources.  Any low premium – all stock deal would be a steal for $COP with $CXO shareholders taking it in the shorts. …

Opec trims 2021 oil demand growth forecast

Opec trims 2021 oil demand growth forecast

Argus

Oil & Gas Publishers Note: With demand forecasts being reduced, what will the additional production by Libya, and other OPEC members beyond their quotas do to the world oil price?  

London, 13 October (Argus) — Opec has trimmed its …

Lebanon and Israel in Talks Over Maritime Border

Lebanon and Israel in Talks Over Maritime Border

Marine Link

Oil & Gas 360 Publishers Note: This is an outstanding development that Israel and Lebanon are in talks. The Mediterranean  off shore energy potential is causing strife between countries as they all strive for energy independence. 

Lebanon and …