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The US Energy Information Administration (EIA) does not directly survey petroleum consumption; instead, it calculates a similar concept called product supplied from its surveys that span the US petroleum industry. Although it uses petroleum product supplied interchangeably with petroleum consumption, the two are not identical.
Renewables projected to grow up to 80%; hydrogen demand revised down by up to 25%, fossil fuels set to ‘plateau’ rather than peak.
In its Short-Term Energy Outlook EIA implemented a new model for forecasting crude oil and natural gas production from the US Federal Offshore Gulf of Mexico.
The body’s monthly report indicates a 2025 growth at 1.7 million bpd, slightly below this year’s figure.
Rystad Energy oil macro update from 11 September.
The EIA expects that Brent crude oil prices will return to above US$80/bbl this month.
The African Energy Week: Invest in African Energy conference will gather industry leaders to explore oil and gas financing tools and strategies in the age of the energy transition.
Worley and researchers at Princeton University’s Andlinger Center for Energy and the Environment, have identified that a lack of trust between project stakeholders is slowing the pace of infrastructure delivery that is critical to net zero.
Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand, which is projected to exceed 650 exajoules (EJ) in the coming years.
Izomax has scored a significant milestone frame agreement with Shell. The contract will enable Shell to leverage Izomax's patented AOGV technology to reinvent plant maintenance procedures.
Heilind connects engineers and procurement professionals to interconnect solutions from the experts in high-reliability solutions manufacturing, Glenair. When conditions are at their most challenging – high-pressures, depths, and temperatures – Glenair manufactures components ready to rise to the challenge. For oil & gas engineering, rely on Glenair products to keep operations running.
Harbour Energy has announced that it now expects to complete the acquisition of the Wintershall Dea asset portfolio in early September.