August non-OPEC unplanned oil production outages fell to lowest level since at least 2011

Unplanned oil production outages among countries outside the Organization of the Petroleum Exporting Countries (OPEC) fell to 64,000 barrels per day (b/d) in August, the lowest level since the U.S. Energy Information Administration (EIA) began tracking global production outages in 2011. Unplanned outages in major non-OPEC oil producers such as the United States, Russia, and Canada have abated, leaving Sudan and South Sudan as the only remaining non-OPEC producers with unplanned outages in August. The decline in non-OPEC unplanned outages may have contributed to the resilience of the global oil market following the disruption of almost 5.7 million b/d of Saudi Arabian crude oil production on September 14, 2019.

Source: EIA: Today in Energy

Witness the Future of Pipeline Data Management

On October 24, GDM Pipelines will be hosting a showcase of innovative technologies that are transforming pipeline data management, and we’d love for you to join us! Here’s what you can expect… As we enter 2020, oil and gas companies are continuing to look for ways to streamline operations. More and more, this includes strategies to [Read more]

Source: BOE Report

BP’s Chief Executive Bob Dudley Drafts Plan To Step Down

Bob Dudley, the chief executive of BP since 2010, is drafting plans to step down from his post in 2020, Reuters reported on Monday, quoting sources close to the UK oil supermajor. Dudley, who became CEO at BP on October 1, 2010, succeeded Tony Hayward, who resigned after the Deepwater Horizon disaster that marred BP’s early years this decade. This ...

Source: Oilprice.com