SAKHALIN-1 – RUSSIA’S FIRST OFFSHORE DRILLING PROJECT CELEBRATES 25th ANNIVERSARY

July 06, 2020

25 years ago the Sakhalin-1 Production Sharing Agreement was signed between the Government of the Russian Federation, Sakhali...

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IN 2019 20% OF US ENERGY CONSUMPTION CAME FROM NON FOSSIL FUELS

July 04, 2020

Overall energy consumption in the United States totaled 100 quadrillion British thermal units (Btu) in 2019, only slightly le...

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GLOBAL DEMAND FOR OILFIELD SERVICES SET FOR A 25% DECLINE IN 2020

June 20, 2020

Global demand for oilfield services (OFS), measured in the total value of exploration and production (E&P) company purcha...

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IEA – OIL DEMAND TO FALL 8.1 MILLION BARRELS A DAY IN 2020

June 20, 2020

The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis o...

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CANADA IS TODAY THE LARGEST SOURCE OF US ENERGY EXPORTS

June 06, 2020

According to the EIA (US Energy Administration Agency) Canada is the largest source of U.S. energy imports and the second-lar...

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RYSTAD ENERGY – PERMIAN BASIN EMERGES AS LAST SURVIVING EPICENTRE OF DRILLING ACTIVITY

May 29, 2020

Although the Covid-19 pandemic continues to decimate active horizontal rigs in the US, the Permian Basin is emerging as the l...

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EIA – US RENEWABLE ENERGY SURPASSES COAL FOR THE FIRST TIME

May 29, 2020

In 2019, U.S. annual energy consumption from renewable sources exceeded coal consumption for the first time since before 1885...

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PETROBRAS REACHED OIL EXPORT RECORD IN APRIL

May 07, 2020

Brazilian Petrobras exported 1 million barrels of oil per day in April. This represents a new oil export record and contribut...

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IEA – GLOBAL OIL DEMAND TO FALL BY 9.3 MILLION BARRELS PER DAY IN 2020

April 17, 2020

The International Energy Agency (IEA) released its Oil Market Report – April 2020. The agency said:
“Around the wo...

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