The China National Offshore Oil Corporation (CNOOC) is the largest producer of offshore oil and gas in China. Production statistics should therefore be pretty much indicative of what is happening along China’s…
Author: matt
Matt Mushalik (MEAust, CPEng)
Sydney
Explosions cut Sydney – Brisbane rail tracks days after wild storm
In year 10 of peaking oil production and rising tensions in the Middle East, governments should be busy upgrading their rail lines. But look what’s happening here in Australia. Fig 1: Quarry…
Australia’s alternative transport fuel: The East Coast gas-ship has sailed
Introduction: Credit Suisse reported that there is not enough East coast gas for 3 LNG export terminals at Gladstone, Queensland. If that is the case then it is doubtful whether there will…
US enters undulating crude oil production plateau in 2015
This is a post on the EIA Short Term Energy Outlook March 2015 (STEO) The following graph shows total US crude production according to EIA statistics until Feb 2015 and then a…
IEA report: US shale oil growth practically zero in 2017
The International Energy Agency’s Medium Term Oil Market Report 2015 included an interesting graph showing changes in US and Russian oil production for the next 5 years: IEA MTOMR February 2015 Fig…
Free oil! Next stop free oil crunch
Buy 1 barrel of oil for $100, get one barrel free!That makes $50 a barrel. Looks like a sale. Hurry before it ends. Spare a thought for the poor oil industry losing…
NorthConnex road tunnel contract signed only days after US$ 150-200 oil price warnings in Davos
This post is for the record, to be used later in this website’s I-told-you-so menu. $3 billion NorthConnex tunnel contract signed and ground broken Fig 1: From left: NSW Roads Minister Gay,…
Peak Affordable Oil
It is quite obvious that high oil prices in the last 3-4 years Fig 1: WTI spot prices to 23/1/2015 http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=pet&s=rwtc&f=w have reduced demand for oil, as shown in this IEA graph…
40 % of US petroleum product exports didn’t grow since 2011
This is another post in the series on how US tight oil has impacted on global oil markets. This time we look at US petroleum product exports. (1) Destination of US product…
Tight oil boom can explain only part of drop in US oil product imports
We continue to look at what impact US tight oil has on global oil markets, in this post the reduction of US petroleum product imports. This analysis shows that only around one…