December 2, 2018- The Egypt Refineries Modernization Reverse Trade Mission was held in both, Washington, D.C. and Houston, TX from December 2-13, 2018. This event was organized to help U.S. companies win the procurement contracts associated with Egypt’s plan to upgrade its oil refineries and modernizing its petroleum ports. ADI Analytics had the pleasure to take […]
Soaring DUC inventory in Permian
A drilled but uncompleted well (DUC) is a new well that has been drilled but not completed. Completion costs are higher than drilling costs and operators routinely drill but do not complete wells for various reasons. Operators are drilling new wells to hold leases and meet the contracts with the land owners. In fact, the […]
The Panama Canal’s Expansion Impacts Crude Oil, LPG, and LNG
Today the Shell-chartered Maran Gas Apollonia became the first large LNG tanker to transit the newly expanded Panama Canal carrying cargo from Cheniere’s Sabine Pass liquefaction plant to East Asia. Since its inception in 1914, the Panama Canal has connected 160 countries and 1,700 ports around the world. Today, between 13,000 to 14,000 ships use […]