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ADNOC Acquires Two New Rigs
Saturday, June 10, 2023The two new rigs will be deployed into operation by the fourth quarter.
ADNOC Chief: Shift from Fossil Fuel Unavoidable
Friday, June 09, 2023Sultan Al Jaber, tapped to lead UN climate talks, said “the phase-down of fossil fuels is inevitable”.
Chevron Starts Up Gorgon Extension Project
Friday, June 09, 2023The second stage of the Gorgon field project offshore Western Australia has begun producing gas.
Macquarie Group Reveals Oil Market Outlook
Friday, June 09, 2023'We expect a correction in 4Q23'.
Enagas Opens Logistics Bidding for Mothballed Asturias Terminal
Friday, June 09, 2023Enagas is offering logistics rights to an LNG terminal in northern Spain that has been idle for a decade.
Eni Inks Deal to Build Hybrid Renewables-Gas Plant in Kazakhstan
Friday, June 09, 2023Eni said the hybrid power plant will be the first of its kind in Kazakhstan.
Global Oil Demand for Road Transport to Peak in 2027: BNEF
Friday, June 09, 2023BNEF projects global oil demand for road transport will peak in 2027 as EV use surges in the coming years.
USA EIA Hikes Up 2023 and 2024 Brent Oil Price Forecasts
Friday, June 09, 2023The U.S. Energy Information Administration increased its average Brent spot price forecast for 2023 and 2024 in its latest short term energy outlook.
Biden Urged to Demand Climate Emergency as Smoke Chokes Washington
Friday, June 09, 2023An emergency declaration by President Biden would unlock sweeping executive powers.
Improved Wage Offer Ends North Sea Dispute
Friday, June 09, 2023'Unite has secured a vastly improved wage deal for our Bilfinger members'.
EU Looks to Boost Efforts to Store Captured Carbon Underground
Friday, June 09, 2023The European Union has started work on a key element of its plans to reach climate neutrality by the middle of the century.
Oil Down as Demand Concerns Supercede Saudi Cuts
Friday, June 09, 2023Saudi cuts announced last weekend failed to overcome energy demand headwinds.
Coal Getting Cheaper in China Despite Heat-Induced Demand Surge
Thursday, June 08, 2023Despite scorching heat boosting power demand, Chinese coal hasn't been this cheap in over two years.
Aker BP's 1.07 Bboe North Sea Projects Get Parliament Nod
Thursday, June 08, 2023The green light paves the way for final approval by the Petroleum and Energy Ministry of the development plans for the Yggdrasil area and the Valhall field extension project.
Mitsubishi Shipbuilding Eyes to Fuel Sea Transport with Ammonia
Thursday, June 08, 2023Mitsubishi Shipbuilding has entered a deal for technical studies on technologies that would enable ammonia to be used to power vessels.
Gas South Inks Plumbing Deal for Its Consumers
Thursday, June 08, 2023The deal offers households in Georgia state lower costs for pipe repairs and other home energy needs.
UK Offshore Energy Calls for Labour Party Meet
Thursday, June 08, 2023'The 200,000 people working in this industry have heard Labour's proposals and have questions about how they would work in reality'.
Distillate Crack Spreads Return to February 2022 Levels: EIA
Thursday, June 08, 2023The decrease comes 15 months after the market disruption brought by Russia's invasion of Ukraine.
Two Main Forces Have Come Together to Pull Down Commodity Prices
Thursday, June 08, 2023Except for gold, beef, and sugar, major commodity prices are down year on year, BofA Global Research highlighted in a new report.
Saudi Oil Cut Risks Leaving Bitter Taste for Budget
Thursday, June 08, 2023Saudi Arabia's plan to slash oil production by around 10 percent may hit its finances hard.
Americas Exploration Heats Up
Thursday, June 08, 2023Exploration in the Americas is heating up, with TGS announcing three projects in the region over the past few days.
Irving Oil Starts Review That Puts Key Refinery on Market
Thursday, June 08, 2023The review raises the possibility that some important North American downstream facilities may change hands.
India's MRPL Redirects Growth Plan from Refinery to Chemicals
Wednesday, June 07, 2023MRPL shelved a planned refinery expansion to focus on boosting its petrochemical production capacity.
Rerouted Oil to Soften Russian Economy Contraction: World Bank
Wednesday, June 07, 2023Oil shipment volumes from Russia “have not changed materially” despite war sanctions.
Saudis Remind Global Oil Market Who is King
Wednesday, June 07, 2023Saudi Arabia has once again reminded the global oil market who is king, according to Skandinaviska Enskilda Banken AB.
USA Aims to Raise Clean Hydrogen Output to 10 MMT Yearly
Wednesday, June 07, 2023The DOE released the USA roadmap for expanding the clean hydrogen industry, targeting to increase production to 10 MMT annually by 2030.
ConocoPhillips Starts Nuna Oil Field Development in Alaska
Wednesday, June 07, 2023ConocoPhillips expects a peak oil rate of 20,000 barrels per day from Nuna.
Singapore's Sembcorp Inks Deal for Natural Gas from Indonesia
Wednesday, June 07, 2023The agreement to import natural gas piped from the West Natuna gas fields in Indonesia is estimated at $1.41 billion.
Global Electricity Access Growth Slows in Past Three Years: IEA
Wednesday, June 07, 2023To reach universal access by 2030, the annual growth rate in electricity access must be one percentage point a year from 2021 onward.
Exxon CEO Tells Europe to Follow USA Approach to Climate Action
Wednesday, June 07, 2023Europe has been working with a greater sense of urgency since the Biden administration last year passed its Inflation Reduction Act.
Debt Ceiling Deal Becomes Law
Wednesday, June 07, 2023H.R.3746 includes provisions that expedite the permitting process for certain energy projects.
Masdar Secures Land to Advance with 10 GW Egypt Wind Project
Wednesday, June 07, 2023Masdar signed a deal securing land in Egypt for the construction of what it said is Africa's biggest wind farm.
Nigeria's Decrepit Refineries Cost $10B Over a Decade
Wednesday, June 07, 2023Nigeria spent more than $10 billion in a decade on three oil refineries that produced hardly any fuel, a parliamentary report said.
Analyst Flags Downward Trajectory of USA Henry Hub Prices
Wednesday, June 07, 2023'This maintains the downward trajectory of prices since the highs observed in 2022'.
Oil Rises on Refinery Summer Run-Up
Wednesday, June 07, 2023Refinery crude processing reach rates not seen since August 2019 in preparation for summer demand.
What Do Latest OPEC+ Moves Mean?
Tuesday, June 06, 2023Rystad Energy, S&P Global Commodity Insights, and XTB share their views.
Qatar Offers Cheaper LNG to Asian Market
Tuesday, June 06, 2023Qatar seeks to secure customers amid rising competition with the US.
Par Pacific Completes Buy of ExxonMobil Refinery
Tuesday, June 06, 2023The divestment includes the Silvertip pipeline and ExxonMobil's 40 percent stake in the Yellowstone pipeline and Yellowstone Energy LP.
Zenith Inks Deal Launching Its USA Expansion
Tuesday, June 06, 2023Zenith is acquiring oil wells in Oklahoma state from Stateside.
Philippines Receives Nearly 400 Bids for Renewables Development
Tuesday, June 06, 2023The Philippines is holding its second renewables auction with 11,600 MW in offer.
Petrobras Begins FPSO Production at Buzios
Tuesday, June 06, 2023The FPSO Almirante Barroso platform can produce up to 150,000 barrels of oil and 211.89 MMcf of gas daily.
Pennsylvania's Largest Coal Plant to Close amid Shift to Gas
Tuesday, June 06, 2023The Homer City Generating Station will close by July.
UK Energy Transition Can Create More New Jobs than Lost: Study
Tuesday, June 06, 2023But government intervention is needed to enable the UK to take advantage of the job market opportunity from the energy transition.
Does the Global Drug Trafficking Industry Affect Oil and Gas?
Tuesday, June 06, 2023'There are two main groups of actors in the international drug trade that can impact oil and gas - cartels and insurgent actors'.
USA Shale Seen Holding Firm on Returns
Tuesday, June 06, 2023U.S. shale producers will stick to their previously announced plans for 2023.
Fatality At North Rankin Complex
Tuesday, June 06, 2023'This is a very sad day for the extended Woodside family'.
Russian Crude Flows Stay High
Tuesday, June 06, 2023Russian crude oil flows to international markets continue unabated.
Saudi Cuts Fail to Sustain Rally
Tuesday, June 06, 2023Demand uncertainties overcome Saudi Arabia's supply cuts.
Latest Troll Try Spits Dust
Monday, June 05, 2023The development follows a spate of discoveries near the field.
Saudi to Cut Output by 1MM BPD in Solo OPEC+ Move
Monday, June 05, 2023The extra cut in July takes Saudi Arabia's production to the lowest level for several years after a slide in crude prices.
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