Shell invests in water injection at Gulf of Mexico field
Shell Offshore Inc. (Shell), a subsidiary of Shell plc, has taken a Final Investment Decision (FID) on a ‘waterflood’ project at its Vito asset in the US Gulf of Mexico. Water will be injected into the...
View ArticleOil spill reported off Venezuela’s Caribbean coast
An oil spill, which appeared to originate from Venezuela’s El Palito refinery several days ago, has contaminated a bay off the country’s north-central coast in the Caribbean Sea, five sources told...
View ArticleOil prices fall on China demand fears, focus on Mideast talks
Oil prices eased in trading on Monday as fears of weaker demand in top oil importer China weighed on market sentiment while investors focused on the progress of ceasefire talks in the Middle East,...
View ArticleMiddle East Crude-Benchmarks rise; IRPC, CPC seek Oct cargoes
Middle East crude benchmarks Oman, Dubai and Murban nudged higher on Monday, with traders eyeing more deals this week. Thai refiner IRPC and Taiwanese refiner CPC will close on Monday their tenders...
View ArticleShell Singapore shuts Bukom refinery units for maintenance, sources say
Shell Singapore SHEL.L has shut one crude distillation unit (CDU) and other facilities at its refinery on Bukom island for a scheduled overhaul, three sources close to the matter said on Monday. The...
View ArticlePoland’s Orlen agrees North Sea crude supply deal with BP
Polish refiner Orlen has contracted BP to supply 15% of its feedstock demand with North Sea crude over the next year, it said Aug. 19, as it has sought to shore up supply links for its European...
View ArticleOil pipeline capacity to spare Canadian exports from looming rail dispute
A looming labor dispute at Canada’s two main railroads is unlikely to significantly reduce oil exports to the United States due to excess capacity on Trans Mountain and other pipelines, people close to...
View ArticleCaspian Pipeline Consortium Jan-July oil exports up 3%, sources say
Caspian Pipeline Consortium, which exports crude oil from Kazakhstan via a Russian Black Sea terminal, increased oil exports by around 3% year on year in January – July to 1.43 million barrels per day,...
View ArticleRussian refineries increase runs ahead of autumn maintenance: report
Russian refineries have increased their processing in August ahead of the start of September maintenance, Kommersant daily reported. The increase has been attributed mostly to the return from...
View ArticleOil prices edge down on easing geopolitical risks, weak China demand
Oil prices edged lower on Tuesday as Israel acceptinga proposal to tackle disagreements blocking a ceasefire deal in Gaza eased supplyconcerns and China’s economic weakness weighed on the demand...
View ArticleProduction figures July 2024.
Preliminary production figures for July 2024 show an average daily production of 2 079 000 barrels of oil, NGL and condensate. Total gas sales were 11.2 billion Sm3 (GSm3), which is 0.8 (GSm3) more...
View ArticleEquinor to resume Gullfaks C output
Norway’s Equinor EQNR.OL has begun work to resume output at its Gullfaks C oil and gas platform in the North Sea after a shutdown on Sunday, a company spokesperson said on Tuesday. The incident was...
View ArticleUS oil, gas M&A activity jumped 57% last year amid industry consolidation
Dealmaking activity in the oil and gas industry increased 57% last year as energy companies boosted development spending, driven by higher cash flows from profits in prior years, according to a report...
View ArticleMiddle East Crude-Benchmarks slip; Brent-Dubai EFS falls to month’s low
Spot premiums for Middle East crude benchmarks Oman, Dubai and Murban eased on Tuesday while Brent’s premium to Dubai crude slipped to its lowest level this month. Brent’s premium to Dubai crude...
View ArticleOil prices dip as Middle East tensions ease, China data weak
Oil prices dipped on Tuesday, hovering near a two-week low as Middle East supply concerns eased after Israel accepted a proposal to tackle disagreements blocking a ceasefire deal in Gaza, and as...
View ArticleArtificial intelligence and the future of energy
Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Just as the internet and mobile communications led...
View ArticleIndia’s Petronet signs deal with Sri Lanka’s LTL for LNG supply
Indian state-run firm Petronet LNG PLNG.NS said on Tuesday it signed a deal to supply liquefied natural gas to Sri Lankan engineering firm LTL Holdings’ power plants in Colombo. Petronet will initially...
View ArticleOil prices steady after days of losses
Oil prices steadied on Wednesday, with benchmark Brent holding above $77 a barrel, after steady sell-offs driven by expectations of reduced Chinese demand and diminishing concerns the conflict in the...
View ArticleNiger resumes oil exports via Benin after suspension
Landlocked Niger has resumed crude oil exports via Benin after a dispute between the countries halted the flow of oil through a new Chinese-funded pipeline to the West African coast, according to a...
View ArticleIs India’s 2030 gas consumption target feasible?
India aims to increase the share of natural gas in its energy mix. Keeping this in mind, the government has set a target of 500 Million Metric Standard Cubic Metres per Day (MMSCMD) of gas consumption...
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