India’s Oil Supply and Demand Gap Widening

(MARITIME EXECUTIVE) India was the fourth-largest consumer and fourth-largest net importer of crude oil and petroleum products in the world in 2013, after the United States, China, and Japan. [Read more…]

The Energy Quiz from ExxonMobil

(EXXONMOBIL) How much do you know about the energy you use, where it comes from and how we can save more of it? [Read more…]

Chevron goes to extremes in the Gulf of Mexico

(FORTUNE) The oil giant is spending billions to tap new oil fields in deepwater far offshore. Take an up-close look at how it’s done. [Read more…]

Indonesia to more than double LNG prices at Tangguh

(REUTERS) Indonesia’s energy ministry will more than double the price of liquefied natural gas (LNG) from its Tangguh plant, operated by Britain’s BP, a government official said. [Read more…]

At the Wellhead: Indonesia tries to kickstart its faltering oil industry

(PLATTS) As Indonesia, once an OPEC member and top LNG exporter, comes to terms with a new reality that awaits it — that in the next five years it is going to become a net importer of energy — the industry is urging the government to do what is necessary to kickstart the E&P engine. [Read more…]

Escalating costs driving diminishing returns for oil and gas companies despite stronger oil prices

(O&G FINANCIAL JOURNAL)  Despite stronger oil prices, corporate returns on average capital employed (ROACE) are lower than in 2001, when oil prices were less than $30 per barrel, according to research from information and insight provider IHS. [Read more…]

As oil flows east, race is wide open to price Asia’s imports

(REUTERS) China will increasingly dominate global oil trade with a fuel import bill worth half a trillion dollars a year by the end of the decade – a lucrative prospect for futures exchanges battling to provide the benchmark to price Asia’s oil. [Read more…]

Deepwater well construction requires precision, thorough planning

(OFFSHORE) Deepwater well construction is all about planning and logistics. Typically, if these two challenges are not handled flawlessly, they can cause more issues than drilling and completion. [Read more…]

Tough fiscal terms seen as major threat to IOCs’ exploration activities

(BUSINESS DAY) Tough government fiscal terms have been identified as the major challenge facing oil exploration by international oil companies (IOCs). This is against the background of the downturn in exploration activity in the oil and gas industry, especially in the deepwater, coupled with decreasing resource size and uncertain gas terms, according to industry operators. [Read more…]

Thailand Solar Energy: Government Subsidy Spurs Investment Frenzy

(INTERNATIONAL BUSINESS TIMES) Thai energy companies will invest up to $2 billion in the solar energy industry over the next five years, as the government incentivizes solar projects to provide power for Southeast Asia’s second-largest economy. [Read more…]