India seen setting oil-demand growth pace lweb.es/f884 4.04.16
OEF REVIEW:India is poised to replace China as the world’s center of oil-demand growth, according to authors of a study published by the Oxford Institute for Energy Studies. As growth of Chinese oil demand slows, India’s is increasing, note Amrita Sen, chief oil analyst of Energy Aspects, and Anupama Sen, senior research fellow at the Oxford Institute. India’s development has characteristics similar to those of China 10-15 years ago, the analysts say.
OEF REVIEW:U.S. monthly crude oil production in December 2015 continued to decline, as oil production reached its lowest level since November 2014. Production also declined from year-ago levels for the first time in more than four years. 
OEF REVIEW:“We expect legacy assets such as Gorgon will drive long-term growth and create shareholder value for decades to come,” said Chairman and CEO John Watson. “The long-term fundamentals for LNG are attractive, particularly in the Asia-Pacific region, and this is a significant milestone for all involved.”
OEF REVIEW:On March 7, Kokam announced that it had deployed two battery energy storage systems powered by nickel manganese cobalt oxide in South Korea. The company said that the 24-MW / 9-MWh system is the largest capacity Lithium NMC ESS used for frequency regulation in the world. Kokam said that its batteries provide ultra high power technology, which is designed for high-power energy storage applications, such as frequency regulation, wind or large solar power system ramp rate control, Uninterrupted Power Supply (UPS) and voltage support.
OEF REVIEW:South Africa will give the green light in the next 12 months to companies looking to explore for shale gas under the semi-arid Karoo basin. Royal Dutch Shell, Falcon Oil & Gas and Bundu Gas & Oil are among five companies which have applied for exploration licenses being reviewed by South Africa’s Petroleum Agency.
OEF REVIEW:Saudi Arabia and Russia have taken the first step to stem the slide in oil prices. There’s just one problem: If they are successful — and that’s a big if — the wildcatters of Texas, Oklahoma and North Dakota are waiting to pounce. With 4,000 wells drilled and just waiting for better prices to be brought on stream, the so-called fracklog could act as a cap to any oil rally, industry executives, traders and OPEC officials said. Worse, a price recovery could effectively bail out dozens of shale companies now struggling with $30-a-barrel oil, allowing them to return to the capital market.
OEF REVIEW:Drilling activity in the deepest parts of the world’s waters can yield tremendous oil volumes, but exploring thousands of feet below sea level is also the most expensive of energy’s high tech endeavors. And in an environment of $30 oil, investment in deepwater production is pouring out. Beyond a rebound in oil prices, recovery of the deepwater sector could take an additional two years, Sajjad Alam, senior vice president at Moody’s Investors Service told Rigzone. 
OEF REVIEW:The current crash in oil prices is sowing the seeds of a powerful rebound and a potential supply crunch by the end of the decade, but the prize may go to the US shale industry rather Opec, the world’s energy watchdog has predicted. America’s shale oil producers and Canada’s oil sands will come roaring back from late 2017 onward once the current brutal purge is over, a cycle it described as the “rise, fall and rise again” of the fracking industry. “Anybody who believes the US revolution has stalled should think again. We have been very surprised at how resilient it is,” said Neil Atkinson, head of oil markets at the International Energy Agency.
OEF REVIEW:“In this post we first confirm the positive correlation between stocks and oil prices, noting that it is not just a recent phenomenon. We then investigate the hypothesis that underlying changes in aggregate demand explain the oil-stocks relationship. We find that an underlying demand factor does account for much of the positive relationship, and that if, in addition, we account for shifts in market risk preferences, we can explain still more. However, even with these two factors included, a significant part of the oil-stocks correlation remains unexplained.”
OEF REVIEW:This report points the way to a cleaner transportation future by describing key ways we can clean up our transportation fuels. This report builds on the Union of Concerned Scientists Half the Oil plan by explaining how our major transportation fuels are changing and what we can do to reduce emissions from fuel production. Our clean fuels—electricity and biofuels—are already cutting oil use and emissions from transportation, but more work is required to deliver on their potential. Oil is getting steadily more polluting, but by holding oil companies accountable to reduce avoidable emissions and avoid the dirtiest sources, we can check that mounting climate damage and make sure that the oil we continue to use has the lowest global warming emissions possible.