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Although annual production for 2015 grew, monthly US crude oil production has declined since April 2015, according to the EIA.
Standardised designs and modularised construction techniques are the best way for the industry to reduce costs and enhance efficiency, according to experts at SNC-Lavalin.
The current downturn has resulted in a number of merger and acquisition opportunities for suitably placed players, according to Douglas-Westwood.
Colonial's Line 1 carries 1.4 million bpd of gasoline from the US Gulf Coast to a major junction and product storage hub in Greensboro, North Carolina.
Markets experienced heightened activity in the aftermath of Monday’s Colonial Pipeline explosion, the second outage on the important pipeline in less than two months.
The Kilpilahti power plant, jointly owned by Neste, Borealis and Veolia, is planned to be commissioned in 2018.
The power plant, located northeast of Rawalpindi, is powered by heavy fuel oil (HFO) and supplies electricity to an Attock Refinery facility.
In his recent paper, Dr Mamdouh G Salameh notes that the enabling technologies of renewable energy are not developed enough to properly impact consumption levels of oil in the transport sector.
The consumption of US finished motor gasoline reached a new high of 9.7 million bpd in June 2016, surpassing the previous one month high of 9.6 million bpd set in July 2007.
