News and Updates

Global crude flows have shifted completely in a relatively short period of time. Because of the resilience of oil demand Russia’s oil revenues are recovering, too. West-African crude flows to Asia have dropped as Chinese buyers are increasingly buying Russian and Iranian crude. Asian oil imports were due for a marked rebound this month after… Continue reading Here’s Why Oil Flows Can Only Be Redirected, Not Stopped

(WO) — Offshore Energies UK has responded to claims by the Energy & Climate Intelligence Unit (ECIU) that the UK faces sharp rises in gas imports, and import costs, over the next decade, linked to declining production from the UK’s North Sea. oil and gas production platform in the North Sea Offshore Energies UK, representing… Continue reading OEUK: North Sea still supports UK energy security amidst oil, gas production decline

(WO) – According to Equinor, the Njord field in the Norwegian Sea will be officially opened by the minister of petroleum and energy, Terje Aasland. The platform and the floating storage and offloading vessel (FSO) have undergone extensive upgrades and are now ready for doubling the field life – and more than doubling production. “With… Continue reading Equinor’s Njord field officially reopens, expected to double production

May 15 (Reuters) – The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, and asked that offers be submitted by May 31. U.S. Energy Secretary Jennifer Granholm had signaled to lawmakers late last week that her department could… Continue reading US to buy 3 million barrels to refill emergency oil reserve

Major oil and gas operators in Canada’s energy-producing province of Alberta have restarted part of the production and processing facilities that were shut during the weekend as wildfires prompted an evacuation. Early this week, the wildfires in Canada resulted in the shut-in of 319,000 barrels of oil equivalent per day (boepd) from the country’s oil… Continue reading Canadian Operators Restart Oil And Gas Production As Wildfires Subside

Warren Buffett’s firm Berkshire Hathaway has sold billions of dollars’ worth of U.S. stocks in the first three months of the year, raising concerns among investors over the state of the slowing U.S. economy. Nebraska-based Buffett, who is considered one of the greatest investors of all time, spoke to shareholders last week together with Berkshire’s… Continue reading Warren Buffett Dumping $13bn Worth of Stock Rings Alarm Bells Over Economy

Iraq and TotalEnergies expect to kick-start a long-delayed $27 billion (€24.5 billion) project within the next two weeks, according to Iraq’s oil minister Hayan Abdel-Ghani. Abdel-Ghani said at a conference in Baghdad that he expects five side agreements, related to the deal, to be signed in the next two weeks. This would allow the project… Continue reading TotalEnergies’ $27 billion Iraq project to begin

The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation. The construction of the project is now more than 80% complete and is getting ready to commission, start-up and operate. Read Full Article

Argentina is once again in the grips of an economic crisis, with its economy expected to see meager growth in 2023 or even a contraction. Despite the economic gloom and doom, Argentina’s oil and gas sector is providing some positivity as production continues to grow. The Vaca Muerta shale formation has long been seen as… Continue reading Can Argentina’s Oil Industry Help Stave Off An Economic Crisis?

Unsurprisingly, the average millionaire has multiple streams of passive income. After all, the more passive income sources you stack up, the closer you reach financial freedom. Without passive income, you’d have to rely solely on your active income – and we all know how quickly that can evaporate if a crisis hits. Fortunately, there are… Continue reading Unlocking The Benefits Of Passive Income

As European businesses brace for energy shortages, workers at one plant in south-eastern France are getting a new winter wardrobe. Saint-Gobain, the French building materials group, has ordered extra-warm coats and gloves for staff at its warehouse in the Alpine town of Chambéry, who have agreed to turn down the heat this winter. In order… Continue reading Will the energy crisis crush European industry?

A. Introduction The Chinese government is set to expand infrastructure spending to stimulate the economy amid the growing risk of a slump as its trade war with the U.S. escalates. Figure 1: Number of Airports in China Expanding (Source: Global Market Insights) China’s state planner, the National Development and Reform Commission (NDRC) has granted permission… Continue reading China’s Construction Equipment Market Flourishing from Trade War with the U.S

1. Introduction As Britain’s scheduled departure from the EU draws ever closer, the prospect of a no-deal exit becomes increasingly realistic. This would force the UK government to make significant spending cuts while in the process undermining Prime Minister Theresa May’s promise to UK residents that public services such as NHS would benefit from Brexit… Continue reading Inflation Proof Your Portfolio Through Asset-Based Investment Strategies

HONG KONG – June 7, 2023 – PRLog — Foundation Capital, a leading investment company specializing in wealth building products in energy and heavy equipment industries, is pleased to announce a significant milestone in its company growth. The firm increased the amount of client assets under management to over ~$100 million USD, up from ~$82… Continue reading Foundation Capital Achieves Milestone: Client Assets Under Management Crosses $100 Million USD

The Al Mulla Group has signed a partnership agreement with China’s Xuzhou Construction Machinery Group (XCMG). The Kuwait-based Al Mulla Group is privately-held and is involved in a range of businesses. Al Mulla may be looking for ways to gain access to XCMG depth of construction knowledge, as well as its equipment manufacturing prowess. XCMG… Continue reading Al Mulla Seals Partnership Deal with a Chinese Construction Group

A new report from Lodging Econometrics (LE) stated that at the end of Q3 2019, China has 3,380 projects that house 628,972 rooms in its hotel construction pipeline. At the moment, China has 2,548 projects that house 438,797 rooms under construction, and over the next year, 404 projects with 85,026 rooms are scheduled to begin… Continue reading China’s Hotel Construction Pipeline Has Grown to Record Highs

A new report from Lodging Econometrics (LE) stated that at the end of Q3 2019, China has 3,380 projects that house 628,972 rooms in its hotel construction pipeline. At the moment, China has 2,548 projects that house 438,797 rooms under construction, and over the next year, 404 projects with 85,026 rooms are scheduled to begin… Continue reading China’s Hotel Construction Pipeline Has Grown to Record Highs

The William & Mary Green Fees, awarded by The Committee on Sustainability, for the Fall of 2019 have been announced. The Green Fees support projects that focus on sustainability at the college. From the time of its inception in 2008, the Green Fee has supported projects with more than $1.6 million USD. The projects focus… Continue reading Fall 2019 Green Fee Project Awards Announced

China’s State Councilor Wang Yi visited Myanmar to spur on the development of projects related to the China-Myanmar Economic Corridor (CMEC). The CMEC is a part of China’s expanding Belt and Road Initiative (BRI), which seeks to create new infrastructure across Eurasia on a massive scale. Chinese State Councilor Wang Yi met with Myanma State… Continue reading Chinese Foreign Minister Visits Myanmar to Speed Up Belt and Road Projects

The freedom to trade has always been at the heart of creating wealth. As the USA was able to connect both coasts with the railroads in the 19th century, valuable goods were able to flow easily to and from anywhere the rail lines were laid. Now we may be on the edge of another rail-driven… Continue reading Are We on the Cusp of Another Gilded Eurasian Age?