Author: sharonxywang

Weekly Updated BP Energy Outlook 2040- oil Energy Transition through three different lenses: sector, region and fuels In the ET scenario：global energy demand grows significantly slower than in the previous 25 years. The industrial sector accounting for around half of the overall increase. Growth in transport demand is much slower than in the past, reflecting … Continue reading Weekly Post: BP Energy Outlook 2040- oil

Weekly Updated:   LNG What is LNG? Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane C2H6) that has been converted to liquid form for ease and safety of non-pressurized storage or transport. 1.1/600th the volume of natural gas in the gaseous state 2. It is odorless, colorless, non-toxic and non-corrosive LNG Process LNG Export … Continue reading Weekly Post: LNG

Weekly update: What is DUC? Why is important? What is a DUC? It is a well that has been drilled but is awaiting completion services. Why DUC? How many DUCs are there in the United States? Until May 2018, the DPR (drilling productivity region) had 7772 DUCs. The region includes Bakken, Niobrara, Permian, Eagle Ford, Haynesville, … Continue reading Weekly Report: What is DUC? Why is important?

Weekly Update: What is OPEC? The Organization of the Petroleum Exporting Countries (OPEC) is a permanent, intergovernmental Organization, created at the Baghdad Conference on September 10–14, 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela. OPEC's objective is to co-ordinate and unify petroleum policies among Member Countries, in order to secure fair and stable prices … Continue reading Weekly Report: What is OPEC?

Weekly Updated The rig activity is positively correlated with oil prices.   The History of Oil Price During 2011-2014, Brent Oil Price is higher than WTI Oil Price which is not as usual. This is because the lack of Libyan crude has pushed up the premium buyers are willing to pay for grades such as … Continue reading Weekly Report: The History of Oil Price