EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
What the drop in oil prices means for the economy and office marketsJLL
Oil prices are below $65 per barrel for the first time since 2009, and energy producers across the globe are starting to panic. Lower prices will likely extend into 2015—bad news for energy companies and the downstream industries that support them, but good news for the U.S. economy and consumers.
We expect demand for real estate in the energy markets to weaken. Landlords and developers will feel pressure to secure and retain occupancy. But, the benefit of sustained low oil prices will fuel (pun intended) retail, residential, industrial and office demand across the United States overall.
Learn more about the energy industry, and our services for companies in the field, at http://bit.ly/1qSz2Li
The theme for this quarter is inorganic. Although prices climbed in the fourth quarter as the balance of supply and demand tilted in favour of demand, OPEC + restraint was fundamental.
The market is conscious of downside pressures that loom. OPEC + has announced production cuts through to the end of the first quarter. Beyond the first quarter, there is a risk that OPEC + grows weary of supporting the market and reverts to a strategy of growing production, protecting market share and placing pressure on the economics of unconventional producers. Production growth in Brazil and Norway has the potential to consume a significant portion of demand growth expected in 2020. Whether, or the extent to which, US shale output growth continues despite escalating financial strain across the E&P sector will be key in determining whether OPEC + cuts will be sufficient to balance the market in 2020.
In the longer-term, focus remains on the energy mix of the future and its impact on the demand for petroleum products. A number of significant uncertainties remain, including electric vehicle (EV) penetration. EY’s ‘Fueling the Future’ analyzes the outlook under four distinct scenarios. The analysis shows that an inflection point in EV penetration is required by 2022 if the terms of the Paris Accord are to be met.
EY Price Point: global oil and gas market outlookEY
As the last quarter of the second pandemic year draws to a close, we continue to see heightened contrast
between the medical and economic points of view. While COVID-19 cases are close to their all-time highs, so
are equity prices, and a leading investment bank declared (on 2 December, 2021 after the Omicron outbreak in South Africa) that it was “optimistic about the possibility of a vibrant 2022.” When news of the variant hit in
late November, the markets were rocked by the prospect of yet another round of local mobility restrictions and
an interrupted return to normal international travel patterns, on top of the Biden Administration’s announced
release of 50 million barrels of crude from the US Strategic Petroleum Reserve. So far though, with OPEC
standing by its planned gradual return to normal production, oil prices have stabilized, albeit below where they
were in mid-November. Henry Hub prices, always at the mercy of the weather, responded predictably to a
warmer-than-normal early winter in the US, falling from US$6.60/MMBtu in early October to below
US$4.00/MMBtu by mid-December. In Europe and Asia, following a short reprieve at the start of the quarter,
piped natural gas prices have spiked again on concerns triggered by Russian troop buildups on the Ukraine
border and uncertainties surrounding the Nordstream 2 pipeline. Looking forward, OPEC and the U.S. Energy
Information Administration (EIA) in their last forecasts of the year both projected that 2022 oil demand would
be above what we saw in 2019. Although time will tell if those forecasts are realized and other events could
intervene, the response to new virus outbreaks is well-practiced and the trade-off between public health and
economic reality has tipped toward a cautiously optimistic view.
What the drop in oil prices means for the economy and office marketsJLL
Oil prices are below $65 per barrel for the first time since 2009, and energy producers across the globe are starting to panic. Lower prices will likely extend into 2015—bad news for energy companies and the downstream industries that support them, but good news for the U.S. economy and consumers.
We expect demand for real estate in the energy markets to weaken. Landlords and developers will feel pressure to secure and retain occupancy. But, the benefit of sustained low oil prices will fuel (pun intended) retail, residential, industrial and office demand across the United States overall.
Learn more about the energy industry, and our services for companies in the field, at http://bit.ly/1qSz2Li
The theme for this quarter is inorganic. Although prices climbed in the fourth quarter as the balance of supply and demand tilted in favour of demand, OPEC + restraint was fundamental.
The market is conscious of downside pressures that loom. OPEC + has announced production cuts through to the end of the first quarter. Beyond the first quarter, there is a risk that OPEC + grows weary of supporting the market and reverts to a strategy of growing production, protecting market share and placing pressure on the economics of unconventional producers. Production growth in Brazil and Norway has the potential to consume a significant portion of demand growth expected in 2020. Whether, or the extent to which, US shale output growth continues despite escalating financial strain across the E&P sector will be key in determining whether OPEC + cuts will be sufficient to balance the market in 2020.
In the longer-term, focus remains on the energy mix of the future and its impact on the demand for petroleum products. A number of significant uncertainties remain, including electric vehicle (EV) penetration. EY’s ‘Fueling the Future’ analyzes the outlook under four distinct scenarios. The analysis shows that an inflection point in EV penetration is required by 2022 if the terms of the Paris Accord are to be met.
Impact of Oil Prices on the Economic Growth of PakistanMuhammad Sharjeel
We gathered data from different resources and then finalize our presentation. The intention to upload this file is to help those guys who need some guidelines for preparing presentation. :)
EY Price Point: global oil and gas market outlookEY
We enter 2021 on a note of cautious optimism for global health, the world economy, and the oil and gas markets. The first weeks of December brought approval in the US and the UK of the first of several COVID-19 vaccines. The speed with which vaccine development occurred is unprecedented, but certainly welcome. In the weeks following the early November announcement of 90+% effectiveness by the manufacturer of the first approved vaccine, the price of WTI crude oil increased by US$10/bbl to US$48/bbl, the highest level since early March. Sustainability hasn’t returned yet, and whatever time it takes to get the world to normal, it will take even longer for normalization within the oil and gas markets. Inventories remain at historically high levels and, optimistically, it will take until April before inventory returns to levels observed in the preceding five years. That’s an estimate, and there has obviously been some difficulty properly calibrating the expectations of how balance will return and how long it will take. In late November, OPEC met to adjust its output plans because of the anemic rebound in demand. In mid-December, the IEA lowered its demand forecast for 2021 due mostly to continued sluggishness in aviation fuel demand.
A mild winter has interrupted a recovery in North American natural gas prices after a run-up motivated by curtailed capital expenditures, upstream activity and production. After an initial meltdown, with cargo cancellations and dramatic price reversal, LNG markets have made a remarkable comeback, and the spread between Asia and Henry Hub has reached a level we haven’t seen in almost three years. It may be the case that interruption in FIDs has brought us to the cusp of a balance that can support reliable returns.
New base 12 august 2021 energy news issue 1448 by khaled al awad iKhaled Al Awadi
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
EY Price Point: global oil and gas market outlookEY
As we close the second quarter of 2020, in most of Europe and Asia, the first (and hopefully last) wave of the COVID-19 crisis appears to be abating. In the parts of the US where the virus hit early, the profile has largely matched Europe’s, while in other parts, the urge to reopen businesses has trumped the desire to contain the virus and uncertainty looms. In the developing world, the crisis has just begun, but without the economic headroom and resources necessary to contain it. As the crisis unfolded, the effect on oil and gas demand has been predictable but difficult to gauge precisely and therefore difficult to manage.
Oil prices have crept up steadily as production has been curtailed through coordinated action (OPEC+) and because of economic reality (unconventional oil in North America). That trend has been subject to momentary spasms when bad news hit the market. It would be understandable if traders were nervous, and it seems that they are. Although nowhere near where it was at the peak of the crisis, option implied volatility is still at historically high levels. Gas markets, without the benefit of coordination on the supply side, continue to deal with the market implications of storage at or near capacity. Interfuel competition in power generation has always provided something of a floor, but those lows have been, and will continue to be, tested.
EY Price Point: global oil and gas market outlook, Q2, April 2020EY
The first quarter of this year has seen some extraordinary events. As if chronic oversupply, prices stuck below sustainable levels, the looming energy transition, and investor pressure to decarbonize weren’t enough, our industry now faces a dramatic, but hopefully temporary, downturn in demand as a result of the ongoing COVID-19 outbreak.
New base energy news issue 900 dated 04 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 04 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Jordan: LNG imports reach 66 billion cubic feet – ministry
• Iran Adopts Oil Contract as Glut No Barrier to Boost Output
• US:Crude-by-rail volumes to the East Coast are declining
• Oil prices bounce after US gasoline inventory draw
• Oil oversupply fears are back to weigh on crude prices
• Oil Prices: What’s Behind the Drop? Simple Economics
• Kemp: Why Is Oil Market Rebalancing Taking So Long?
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
EY Price Point: Global Oil and Gas Market Outlook - Q3EY
The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field sub-sectors.
The Executive Summary for the IEA's 2015 Annual Medium-Term Gas Market Report. This year's report predicts global demand for natural gas will slightly decrease to 2% per year, down from 2014's prediction of 2.3% per year. Why? Asia's demand for natgas will decrease over the next five years. Implication: Some U.S. LNG export facilities will get delayed or even canceled.
Annual report from OPEC outlining OPEC's expectations for the global energy sector--in particular oil and gas--from now until 2040. This year's WOO predicts oil will hit $70 per barrel by 2020 and climb to $95 per barrel by 2040
Upstream Ahead - Oil & Gas Industry in India | 2021Social Friendly
The one-of-its-kind virtual summit hosted erudite and intellectual panels of more than 70 speakers from the Oil & Gas Industry. Nearly 40+ topics were presented by these best of the best speakers from across the globe, along with experts from Financial/Academic Institutions, Regulatory authorities & Central Ministries, Service providers, Consulting firms, and Institutions like NITI Aayog, World Energy Congress, MNRE, DPIIT, FICCI, etc. With registered participants reaching a grand number of 7,000 (+), the summit indeed has set a benchmark in many aspects. This is probably the first of its kind biggest summit for the Oil & Gas sector with a huge number of technocrats participating from the national/ international companies and other stakeholders. A Social Friendly Report.
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...Khaled Al Awadi
Please see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
Impact of Oil Prices on the Economic Growth of PakistanMuhammad Sharjeel
We gathered data from different resources and then finalize our presentation. The intention to upload this file is to help those guys who need some guidelines for preparing presentation. :)
EY Price Point: global oil and gas market outlookEY
We enter 2021 on a note of cautious optimism for global health, the world economy, and the oil and gas markets. The first weeks of December brought approval in the US and the UK of the first of several COVID-19 vaccines. The speed with which vaccine development occurred is unprecedented, but certainly welcome. In the weeks following the early November announcement of 90+% effectiveness by the manufacturer of the first approved vaccine, the price of WTI crude oil increased by US$10/bbl to US$48/bbl, the highest level since early March. Sustainability hasn’t returned yet, and whatever time it takes to get the world to normal, it will take even longer for normalization within the oil and gas markets. Inventories remain at historically high levels and, optimistically, it will take until April before inventory returns to levels observed in the preceding five years. That’s an estimate, and there has obviously been some difficulty properly calibrating the expectations of how balance will return and how long it will take. In late November, OPEC met to adjust its output plans because of the anemic rebound in demand. In mid-December, the IEA lowered its demand forecast for 2021 due mostly to continued sluggishness in aviation fuel demand.
A mild winter has interrupted a recovery in North American natural gas prices after a run-up motivated by curtailed capital expenditures, upstream activity and production. After an initial meltdown, with cargo cancellations and dramatic price reversal, LNG markets have made a remarkable comeback, and the spread between Asia and Henry Hub has reached a level we haven’t seen in almost three years. It may be the case that interruption in FIDs has brought us to the cusp of a balance that can support reliable returns.
New base 12 august 2021 energy news issue 1448 by khaled al awad iKhaled Al Awadi
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
NewBase 12 August 2021 Energy News issue - 1448 by Khaled Al Awad i
EY Price Point: global oil and gas market outlook, Q2 | April 2022EY
The theme for this quarter is rearrangement. The loss, or potential loss, of Russian oil and gas supplies is forcing producers, refiners and traders to rethink the flow of crude oil and refined products from the wellhead to the gas pump in light of sanctions, potential sanctions and the risk of reputational damage. Countries, companies and consumers will all be searching for ways to adapt, and the outcome of the race to bring alternatives to market could alter the global energy landscape for years to come.
It is likely crude oil and LNG prices will remain elevated for some time. The process of diverting Russian oil through countries unwilling to sanction it will take time and there is little indication OPEC members are willing (or able) to increase production to make up for the loss of Russian crude. Spare capacity sat at 3.7 mbpd at the end of 2021, just above where it was in January 2020. Currently, sanctioned Venezuelan and Iranian production (about 3 mbpd below their peak) could fill the gap, but political and commercial obstacles remain. At today’s prices, US shale production is attractive, but the fastest the industry has been able to grow is between 1mbpd and 2mbpd per year. The LNG infrastructure was already stretched before the war in Ukraine and there is little prosect of finding new supplies soon.
As the largest buyer of Russian energy, Europe will be the epicenter. There is a deeply embedded bias there in favor for renewable energy, and the current crisis is certain to result in an all-out effort to accelerate the build-out of wind and solar power. The capacity to add new green energy is limited though by the project pipeline and supply chains for solar panels and wind turbines, and it is likely that much of the shortfall will be made up with the new LNG infrastructure.
EY Price Point: global oil and gas market outlook, Q2 April 2021EY
The theme for this quarter is governed. Apparent market balance at prices that could be sustainable is the product of calculated choices by market leaders and the cooperation of those who follow them. Economics played their customary role as well, with capital scarcity in North America taking about 2 million barrels per day out of the market, about half of the remaining gap in demand. While inventories are close to their pre-COVID-19 levels, there is still uncertainty. The resolution of the pandemic is in sight, but timing is unclear. Vaccine distribution in the US is having an impact but Europe is struggling to contain a third wave of infections. The taps have opened on economic stimulus, but it remains to be seen if policymakers have done enough or if they have overshot the mark.
The shape of the crude oil forward curve has fundamentally changed since the end of the last quarter. In late December of last year, the Brent forward curve was gradually increasing while today, the curve is backwardated. This is a clear sign that the market sees a short-term dynamic that is disconnected from the medium-to-long-term fundamentals. The lasting impact of the COVID-19 pandemic remains to be seen. While many have opined that COVID-19 marks a turning point in energy transition, the IEA recently released a five-year forecast of oil demand that shows steady growth, albeit at rates that are below historical expectations.
Gas markets are a paradox. At the Henry Hub and at LNG destinations, demand grows, investment lags and prices will occasionally attract attention. Traders, so far though, are unconvinced and futures prices don’t indicate imminent scarcity at any link in the value chain.
EY Price Point: global oil and gas market outlookEY
As we close the second quarter of 2020, in most of Europe and Asia, the first (and hopefully last) wave of the COVID-19 crisis appears to be abating. In the parts of the US where the virus hit early, the profile has largely matched Europe’s, while in other parts, the urge to reopen businesses has trumped the desire to contain the virus and uncertainty looms. In the developing world, the crisis has just begun, but without the economic headroom and resources necessary to contain it. As the crisis unfolded, the effect on oil and gas demand has been predictable but difficult to gauge precisely and therefore difficult to manage.
Oil prices have crept up steadily as production has been curtailed through coordinated action (OPEC+) and because of economic reality (unconventional oil in North America). That trend has been subject to momentary spasms when bad news hit the market. It would be understandable if traders were nervous, and it seems that they are. Although nowhere near where it was at the peak of the crisis, option implied volatility is still at historically high levels. Gas markets, without the benefit of coordination on the supply side, continue to deal with the market implications of storage at or near capacity. Interfuel competition in power generation has always provided something of a floor, but those lows have been, and will continue to be, tested.
EY Price Point: global oil and gas market outlook, Q2, April 2020EY
The first quarter of this year has seen some extraordinary events. As if chronic oversupply, prices stuck below sustainable levels, the looming energy transition, and investor pressure to decarbonize weren’t enough, our industry now faces a dramatic, but hopefully temporary, downturn in demand as a result of the ongoing COVID-19 outbreak.
New base energy news issue 900 dated 04 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 04 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Jordan: LNG imports reach 66 billion cubic feet – ministry
• Iran Adopts Oil Contract as Glut No Barrier to Boost Output
• US:Crude-by-rail volumes to the East Coast are declining
• Oil prices bounce after US gasoline inventory draw
• Oil oversupply fears are back to weigh on crude prices
• Oil Prices: What’s Behind the Drop? Simple Economics
• Kemp: Why Is Oil Market Rebalancing Taking So Long?
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
EY Price Point: Global Oil and Gas Market Outlook - Q3EY
The oil and gas sector is constantly changing. Increasingly uncertain energy policies, geopolitical complexities, cost management and climate change all present significant challenges. EY’s Global Oil & Gas Sector supports a global network of more than 10,000 oil and gas professionals with extensive experience in providing assurance, tax, transaction and advisory services across the upstream, midstream, downstream and oil field sub-sectors.
The Executive Summary for the IEA's 2015 Annual Medium-Term Gas Market Report. This year's report predicts global demand for natural gas will slightly decrease to 2% per year, down from 2014's prediction of 2.3% per year. Why? Asia's demand for natgas will decrease over the next five years. Implication: Some U.S. LNG export facilities will get delayed or even canceled.
Annual report from OPEC outlining OPEC's expectations for the global energy sector--in particular oil and gas--from now until 2040. This year's WOO predicts oil will hit $70 per barrel by 2020 and climb to $95 per barrel by 2040
Upstream Ahead - Oil & Gas Industry in India | 2021Social Friendly
The one-of-its-kind virtual summit hosted erudite and intellectual panels of more than 70 speakers from the Oil & Gas Industry. Nearly 40+ topics were presented by these best of the best speakers from across the globe, along with experts from Financial/Academic Institutions, Regulatory authorities & Central Ministries, Service providers, Consulting firms, and Institutions like NITI Aayog, World Energy Congress, MNRE, DPIIT, FICCI, etc. With registered participants reaching a grand number of 7,000 (+), the summit indeed has set a benchmark in many aspects. This is probably the first of its kind biggest summit for the Oil & Gas sector with a huge number of technocrats participating from the national/ international companies and other stakeholders. A Social Friendly Report.
NewBase 04 April 2024 Energy News issue - 1713 by Khaled Al Awadi_compress...Khaled Al Awadi
Please see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USAPlease see attached file of the above FYI .
Regards.
Founder & S.Editor NewBase EnergyKhaledM Al Awadi, Energy Consultant
MS & BS Mechanical Engineering (HON), USA
EY Price Point: global oil and gas market outlook (Q4, October 2020)EY
Oil and gas prices have recovered steadily from their lows and are relatively stable, but that stability is supported by the combination of purposeful withholding of production by oil-producing countries and economic stress on upstream independents. Oil prices closed the quarter roughly where they started it, while refining spreads were down slightly. LNG spreads were substantially higher at the end of Q3 than they were at the beginning of the quarter but are still roughly half of what is generally thought of as sustainable.
Going forward, the market will be looking closely at how the economy and demand respond to new developments with respect to a potential COVID-19 vaccine and the US election.
New base issue 1191 special 28 july 2018 energy newsKhaled Al Awadi
NewBase July 30, 2018 - Issue No. 1191 by Senior Editor Eng. Khaled Al Awadi , containing the lates t energy news for you and your tema, please share with all
Greetings,
Attached FYI ( NewBase Special 11 November 2015 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In todays’ issue you will find news about:-
• UAE: BP presents solid bid for AbuDhabi ( ADCO ) concession
• Qatar accounts for 20% of total GCC chemicals export volume, valued at $10.6bn in 2014
• OPEC Challenges Shale Afresh as Iraq Crude Floods Gulf of Mexico
• OPEC Said to Consider New Output Ceiling as Indonesia Rejoins
• U.S. Lowers 2016 Crude Output Forecast as Drillers Idle Rigs
• Oil prices drop on rising stockpiles, Japan recession fears
• Oil prices to stay low till 2020
• LNG construction sector hits its peak and faces steep fall leading to heightened competitive tension amongst contractors
• OMV CEO, Ex-German Chancellor in Call for Better Russia/EU Relations
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy sin
There is a little more clarity in oil market pricing, but still huge uncertainty on where things are going. The COVID-19 outbreak still poses questions on the extent to which energy demand will be affected. Production cuts announcements by OPEC+ countries are adding volatility to an already fragile market equilibrium.
Speaker
Steve Christy is Director of Strategic Communications at Navig8 Group and has more than 30 years’ experience in the oil sector. Steve has been with Navig8 and Integr8 for the last 5 years, covering the macro-economic and pricing issues in the oil and shipping industry.
Oil majors and traders role of opec,ocimf & intertankoKapilLamba6
Information and analysis of oil majors traders importance of them oil as commodity trading its importance and various agencies relate with smooth world wide operation of oil and petroleum products and regulation
New base energy news issue 909 dated 17 august 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase 17 August 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• UAE: Bain & Co, Landor Associates appointed Advisors for Mubadala, Ipic merger
• Kazakhstan: Vitol wins right to export Kazakhstan share of Kashagan
• Algeria's Sonatrach says oil drilling results "very satisfactory"
• India: Renegotiated Qatar LNG Deal to Help India Save $3bn
• Russia plans meeting with OPEC in October
• US:Dominion’s Cove Point LNG export facility, Maryland, 67%
• U.S. crude oil exports are increasing and reaching more destinations
• Oil prices fall on doubts that producers can agree output restraint
• Shale gas production drives world natural gas production growth
• Aramco's Path From One Oil Well to World's Most Valuable Company
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :-
khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
NewBase June 09 -2022 Energy News issue - 1521 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase June 09 -2022 Energy News issue - 1521 by Khaled Al AwadiNewBase June 09 -2022 Energy News issue - 1521 by Khaled Al AwadiNewBase June 09 -2022 Energy News issue - 1521 by Khaled Al AwadiNewBase June 09 -2022 Energy News issue - 1521 by Khaled Al AwadiNewBase June 09 -2022 Energy News issue - 1521 by Khaled Al Awadi
Special Report - Is the OPEC Agreement a Game Changer?Amir Khan
Contrary to expectations, OPEC managed to reach an agreement at the sidelines of the Global Energy Forum held in Algiers. But it's too early to say this will be turning for the oil market.
Activities in oil and gas industry,Top 10 oil and gas companies in India, contribution to India's GDP,oil supply and Demand in India, challenges for the oil and gas industry, Investment and FDI.
The sustainability of trading profits has always been questioned. Volatility has returned to pre-crisis levels and, absent more disruption, the size of the opportunity will shrink.
See this week's edition of EY Price Point
New base energy news issue 875 dated 19 june 2016Khaled Al Awadi
Greetings,
Attached FYI (NewBase Special 19 June 2016 ) , from Hawk Energy Services Dubai . Daily energy news covering the MENA area and related worldwide energy news. In today’s issue you will find news about:-
• Opec’s woes could turn balanced market of IEA into shortfall
• Qatar growth to stay healthy at 3.9% in ’16 and 3.8% in ’17
• Morocco: Chariot Oil & Gas announces award of Mohammedia Offshore
• Pakistan: MOL Group’s twelfth hydrocarbon discovery
• Pakistan: Cost of Gwadar-Nawabshah Gas Pipeline Revised
• US: Clean Power Plan accelerates the growth of renewable generation throughout United States
• Oil jumps 4 percent as Brexit fears ease, still down on week
• Nuclear power to ‘free up’ more oil and gas in GCC: Apicorp Energy Research
• Siemens, Gamesa Merge Units to Form World’s Biggest Wind-Turbine Maker
we would appreciate your actions to send to all interested parties that you may wish. Also note that if you or your organization wish to include your own article or advert in our circulations, please send it to :- khdmohd@hotmail.com or khdmohd@hawkenergy.net
Best Regards.
Khaled Al Awadi
Energy Consultant & NewBase Chairman - Senior Chief Editor
MS & BS Mechanical Engineering (HON), USA
Emarat member since 1990
ASME meme since 1995
Hawk Energy since 2010
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi.pdfKhaled Al Awadi
NewBase May 01-2022 Energy News issue - 1509 by Khaled Al AwadiNewBase May 01-2022 Energy News issue - 1509 by Khaled Al AwadiNewBase May 01-2022 Energy News issue - 1509 by Khaled Al AwadiNewBase May 01-2022 Energy News issue - 1509 by Khaled Al AwadiNewBase May 01-2022 Energy News issue - 1509 by Khaled Al Awadi
Similar to Impact of COVID-19 in Oil Industry (20)
SCRAPPING OF RETRO TAX PROVISIONS : A REVIVAL OF OVERSEAS INTEREST IN INDIADVSResearchFoundatio
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Key Takeaways: - Analysis of section 45(4), section 9B of the Income Tax Act...DVSResearchFoundatio
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FALLACIOUS DISREGARDING OF TRANSACTIONS THAT RESULT IN A TAX BENEFIT TO THE A...DVSResearchFoundatio
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ALLOWABILITY OF OUTSTANDING INTEREST CONVERTED INTO DEBENTURES AS AN EXPENSE ...DVSResearchFoundatio
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AUTOMATIC VACATION OF STAY GRANTED BY TRIBUNALDCIT v. PEPSI FOODS LTD. [2021]...DVSResearchFoundatio
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
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While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
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RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
3. Legends used in the Presentation
DoC Declaration of Cooperation
GDP Global Domestic Product
OPEC Organisation of the Petroleum Exporting Countries
PSU Public Sector Units
6. Introduction
The oil and gas sector is one of the core industries in India
It plays a major role in influencing decision making for all the other important sections of the economy
India’s economic growth is closely related to energy demand therefore the need for oil and gas is projected to grow
more, thereby making the sector quite conducive for investment
7. Industry Outlook
COVID-19 is an unseen beast that seems to be impacting everything in its path. There are no
sectors of the economy unaffected by this unprecedented situation
For the oil market, it has completely disoriented market supply and demand fundamentals
The expected 2020 global GDP was reduced from 2.4% in March to -1.1% in April. This global
contraction is far greater than that for the Great Recession of 2008-2009
OPEC Secretariat’s assessment of available global oil storage capacity stands over 1 billion barrels
Given the current unprecedented supply and demand imbalance there could be a colossal excess
volume of 14.7 million barrels per day in the 2nd Quarter of 2020
8. OPEC+ Countries
Algeria Nigeria Kazakhstan
Angola Qatar Malaysia
Ecuador Saudi Arabia Mexico
Gabon United Arab Emirites Oman
Iran Venezuela Russian Federation
Iraq Azerbaijin South Sudan
Kuwait Bahrain Sudan
Libya Brunei Darussalam
The following countries decided to strengthen their cooperation with a view to ensuring a sustainable oil
market, for the benefit of producers and consumers and to regularly review the status of their
cooperation. These countries are also referred to as the participants of the “Declaration of Cooperation”
9. Proposal to Cut Production
1st May, 2020 to 30th June, 2020 10 million barrels per day
1st July, 2020 to 31st December, 2020 8 million barrels per day
1st January, 2021 to 30th April, 2022 6 million barrels per day
At the 9th Extraordinary Meeting held on 10th April 2020, the OPEC put forward a proposal to OPEC+ countries in the
presence of stakeholders to adjust downwards their crude oil production in a staggered manner as follows:
The baseline for the calculation of the adjustments is the oil production of October 2018, except for the Kingdom of
Saudi Arabia and The Russian Federation, which is at 11 million barrels days
The agreement will be valid until 30th April 2022, however, the extension of this agreement will be reviewed during
December 2021
The above was agreed by all the OPEC+ countries with the exception of Mexico, and as a result, the agreement is
conditional on the consent of Mexico
10. Reaching Consensus
At the 10th Extraordinary Meeting held on 12th April 2020, all the OPEC+ countries agreed to adjust downwards their
crude oil production in a staggered manner in line with the 9th Extraordinary Meeting with marginal changes as follows:
The Meeting reaffirmed and extended the mandate of the Joint Ministerial Monitoring Committee
and its membership, to closely review general market conditions, oil production levels and the level
of conformity with the DoC
The Meeting called upon all major producers to provide commensurate and timely contributions to
the efforts aimed at stabilizing the oil market
The Participants agreed to meet on 10th June 2020 via videoconference, to determine further actions,
as needed to balance the market
•9.70 million barrels per day1st May, 2020 to 30th June, 2020
•7.70 million barrels per day1st July, 2020 to 31st December, 2020
•5.80 million barrels per day1st January, 2021 to 30th April, 2022
11. Conclusion
Despite the attention given to the OPEC deal, the most profound problem remains
crashing global oil demand due to the economic impacts of the coronavirus
Ultimately, the size of the demand shock is simply too large for a coordinated
supply cut
The oversupply would add a further 1.3 billion barrels to global crude oil stocks, and
hence exhaust the available global crude oil storage capacity within the month of May