China Takes The Lead In This Emerging Energy Frontier

Several weeks ago, we have looked into a very recent Russian initiative to increase their presence in the southern part of the Gulf of Guinea, encompassing a new product pipeline across the DRC, upstream interests in Equatorial Guinea, Cameroon and the DRC. Although China is the prime buyer for the Congolese Djeno crude as well as for the Equatoguinean Zafiro, ...

Source: Oilprice.com

Miners Eye New Tech To Cut Diesel Dependence

Diesel genset efficiency optimization is sparking interest among miners, a new report by THEnergy reveals. The approach is based on conventional steam turbine technology, but advances have allowed it to be deployed at a smaller scale.  The principle behind it is addressing the issue of diesel engines being able to convert only 40 percent of the fuel energy into ...

Source: Oilprice.com

Saudi Aramco joins oil blockchain platform Vakt

* Saudi Aramco Energy Ventures has bought into blockchain-based trading platform Vakt with $5 million in new shares, Vakt said on Tuesday. * Aramco Trading Co, a subsidiary of Saudi Aramco, will use the platform. * The VAKT platform specialises in post-trade processing. It has been live since the end of 2018 with a focus [Read more]

Source: BOE Report

Halcón Changes Name to Battalion Oil Corporation and Announces NYSE American Listing Application

Houston, Jan. 27, 2020 (GLOBE NEWSWIRE) — Halcón Resources Corporation announced today that it has changed its company name to Battalion Oil Corporation (“Battalion” or the “Company”). The new name reflects the Company’s new team, new culture, and new strategy. Richard Little, the Company’s Chief Executive Officer commented, “I am excited to announce the new [Read more]

Source: BOE Report

As Gas Prices Crash, Will This Shale Giant Survive?

Fracking pioneer and the king of unconventional drilling Chesapeake Energy (NYSE:CHK) is a company in dire straits, which makes it a great bargain right now.  The Oklahoma-based exploration company ushered in America's shale natural gas revolution a decade and a half ago; now, the odds are that it might not even survive the era of cheap gas it helped ...

Source: Oilprice.com

OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown

As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing production cuts or even deepening them to stave off excessive price slides due to the coronavirus outbreak in China, an OPEC source told S&P Global Platts. According to S&P Global ...

Source: Oilprice.com

Libya Oil Output Plummets To 280,000 Bpd

Libya’s oil production took a nosedive to less than 300,000 bpd last week, from over 1 million bpd following a blockade of its main oil export terminals, which has in turn prompted the shutdown of several large fields, the National Oil Corporation said as quoted by Reuters. At the end of the week this improved somewhat, rising to a little ...

Source: Oilprice.com

Oil price, Predator/CERP, JOG, DGO – And finally…

Oil and equities remain subdued whilst the population stays at home, literally. Predator and Columbus have successfully injected CO2 in Trinidad which could be most exciting for the future. JOG are doing a great job at the Greater Buchan Area having acquired Equinor's interest fora modest sum. They are putting a great team together here. DGO are trading in line ...