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Energy Crisis Prompts Asia to Turn to USA for Oil

Energy Crisis Prompts Asia to Turn to USA for Oil
Monday October 18, 2021 - China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November.
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Industry Headlines

Eni, Fincantieri Pair Up To Promote Energy Transition Initiatives Share your comments
Tuesday, October 19, 2021Eni and Fincantieri have signed an MoU to establish a partnership for promoting initiatives focused on the energy transition.

Boris Johnson Predicts ‘Extremely Tough’ COP 26 Talks Share your comments
Tuesday, October 19, 2021Boris Johnson said the COP 26 talks will be “extremely tough” as he made a last-ditch call on world leaders to take concrete steps to protect the planet.

Crude Up But Paired Gains After US Industrial Weakness Reported
Monday, October 18, 2021Oil paired gains on Monday as U.S. industrial production fell below expectations in September.

API Instructor Led Training Goes Virtual
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API Instructor Led Training Goes Virtual
By American Petroleum Institute (API) The American Petroleum Institute (API) has started offering its largest training program - Q1 and Q2 instructor led courses - virtually over the last year, in addition to in-person.

Venezuela Returns Six Citgo Executives to Prison Share your comments
Monday, October 18, 2021The executives are all U.S. citizens except for one, who holds U.S. residency.

USA Adds 10 More Rigs Share your comments
Monday, October 18, 2021The ten rigs added week on week comprised nine land rigs and one offshore rig.

Energy Crisis Chatter to Accelerate Share your comments
Monday, October 18, 2021Rigzone's regular energy prognosticators highlight the global natural gas situation, emerging cold weather patterns, price projections and more.

Saudis Launch First Offshore Oil Platform Inspired Tourism Project Share your comments
Monday, October 18, 2021Saudi Public Investment Fund (PIF) has launched "THE RIG", the world's first tourism destination on offshore platforms.

Energy Crisis Prompts Asia to Turn to USA for Oil Share your comments
Monday, October 18, 2021China and other Asian buyers have been snapping up supertankers of American sour crudes for delivery in November.

Lukoil, Gazprom Neft Team Up On Oil Recovery Projects Share your comments
Monday, October 18, 2021Russian companies Lukoil and Gazprom Neft have agreed on cooperation in the implementation of oil recovery enhancement projects.


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Most Popular Articles

Exploration

Aker BP Set To Drill Lyderhorn East Offshore Well Share your comments
Monday, October 18, 2021Aker BP has received a drilling permit for an exploration well in the North Sea, offshore Norway.

Maersk Rig Drilling World Record Well Offshore Angola Share your comments
Friday, October 15, 2021A Maersk drillship will be drilling a new world record well as part of a contract extension from TotalEnergies.

Halliburton Strikes Electric Frac Deal Share your comments
Thursday, October 14, 2021The multi-year contract is with Aethon Energy.

Aquadrill Wins Drillship Deal In Indonesia, Sells Semi-Sub Share your comments
Wednesday, October 13, 2021Aquadrill and a Vantage subsidiary have reached an agreement to provide the Capella drillship for a two-well contract for operations in Indonesia.

First Fully Automated Land Rig Drills First Well Share your comments
Tuesday, October 12, 2021The well was drilled to a total measured depth of 19,917 feet.

Longboat Energy Strikes Oil, Starts Drilling For More Share your comments
Tuesday, October 12, 2021Longboat Energy has struck oil in a well located in the Norwegian part of the North Sea and started drilling another.


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Production

Ineos to Invest $2B+ in Green Hydrogen Across Europe Share your comments
Tuesday, October 19, 2021The company revealed that its first plants will be built in Norway, Germany and Belgium.

OPEC+ Fails to Meet Production Target Share your comments
Monday, October 18, 2021OPEC and its allies once again failed to pump enough oil to meet their output targets.

California County Loses Bid to Reinstate Frac Ban Share your comments
Friday, October 15, 2021Monterey County voters in November 2016 passed a measure prohibiting land use in support of new oil and gas wells and fracking activities in unincorporated areas.

Talos Energy Gives Ida Related Production Update Share your comments
Wednesday, October 13, 2021Production disruptions following Ida were prolonged due to complications affecting third-party downstream service providers.

Yergin Says USA Likely to Ask OPEC to Pump More Share your comments
Tuesday, October 12, 2021In August, the Biden administration called on Saudi Arabia and its allies to unload more crude onto global markets.

Wood To Support Beach Energy's Trefoil Field Development Share your comments
Tuesday, October 12, 2021Wood has secured two FEED contracts to support Beach Energy’s Trefoil field development opportunity offshore Australia.


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Finance and Investing

Gen Z Texas Oil Scion Has a New SPAC Share your comments
Thursday, October 14, 2021The special purpose acquisition company sold 12.5 million units at $10 apiece in its U.S. initial public offering.

NatWest To Provide $137B For Climate And Sustainable Funding Share your comments
Thursday, October 14, 2021NatWest has set a target of providing $137 billion of sustainable and climate funding for its customers by the end of 2025.

ESG Boom Punishing Old School Energy Stocks Share your comments
Wednesday, October 13, 2021U.S. oil and gas companies are trading at less than half 2014 levels.

World Not Investing Enough for Future Energy Needs Share your comments
Wednesday, October 13, 2021The agency advises some of the most industrialized countries including the U.S., Germany and Japan.

Biggest Saudi Listing Since Aramco Slumps on Day 2 Share your comments
Tuesday, October 12, 2021Shares in the utility closed down 8.4 percent at 66.7 riyals ($17.78) on Tuesday.

Seadrill Reorganization Plan Accepted by Creditors And Shareholders Share your comments
Tuesday, October 12, 2021All voting classes of stakeholders and creditors accept Seadrill's reorganization plan.


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Company Operations

Total Opens UK Offshore Wind Hub Share your comments
Monday, October 18, 2021The center will utilize the offshore expertise that TotalEnergies has built in Aberdeen, Scotland, over the last 50 years.

Louisiana Announces $4.5B Clean Energy Complex Share your comments
Monday, October 18, 2021Air Products will build, own and operate the megaproject.

Shell Announces New Directors Share your comments
Monday, October 18, 2021The new appointments will be effective on October 25.

Shell-Backed Co Buys Solar Startup Share your comments
Friday, October 15, 2021Nashville, Tennessee-based Silicon Ranch bought Clearloop for an undisclosed amount.

Oxy Sells Ghana Assets for $750MM Share your comments
Thursday, October 14, 2021The transactions include Occidental's interests in both the Jubilee and TEN fields.

TechnipFMC Bags Substantial Petrobras Deal Share your comments
Thursday, October 14, 2021The company describes a "substantial" deal as being worth between $250 million and $500 million.


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