Crude Oil News
Is OPEC+ Ready to Start Celebrating?
For the last two years oil prices have really been in a very narrow range from $70/bbl. to $85/bbl. Brent crude so to speak. At the start of this year Brent was trading close to […]
Crude Oil News
Climate Crisis
Surge of new US-led oil and gas activity threatens to wreck Paris climate goals
The world’s fossil-fuel producers are on track to nearly quadruple the amount of extracted oil and gas from newly approved projects by the end of this decade, with the US leading the way in a […]
Crude Oil News
Oil prices advance on tighter supply outlook
LONDON, March 28 (Reuters) – Oil prices firmed on Thursday, following two consecutive sessions of decline, as investors saw a tighter supply outlook ahead, while the OPEC+ producer alliance was widely expected to stay the […]
Crude Oil News
Ukraine Takes the War to Russia’s Oil Refineries
Kyiv aims to do with explosives what two years of Western sanctions haven’t yet managed. In recent weeks, Ukraine has found a way to overcome a lack of aid and a dearth of ammunition, using […]
Crude Oil News
Petrofac wins more EPC work on ONEgas’ Southern North Sea assets
EuropeOffshore Petrofac Offshore engineering specialist Petrofac has won a contract extension in the Southern North Sea with ONEgas West, a joint venture between Nederlandse Aardolie Maatschappij (NAM) and Shell. The two-year brownfield engineering, procurement, and […]
Big Oil Companies
Nuclear Solutions & Global Risks?!
Daily Standup Top Stories Colorado lawmakers adopt cuts, hard choices as state faces $170 million budget shortfall March 27, 2024 Mariel Alumit Between March 15 and March 21, the six members of the Joint Budget Committee — […]
Big Oil Companies
PetroChina Aims to Power All Its Output With Clean Energy by 2033
Chinese state oil and gas giant PetroChina plans to power all its drilling and refining activities with clean power by 2033 and to install massive renewable energy capacity this year. The Chinese firm is pledging […]
Crude Oil News
Traders Are Buying Oil At The Fastest Rate Since 2020
Traders seem to have finally realized that OPEC+ is serious about keeping crude oil supply constrained. Kemp: traders are buying oil at the fastest rate since 2020. According to the Reuters numbers, in the week […]
Crude Oil News
UK Regulator to Crack Down on Emissions From Oil and Gas Fields
The UK’s oil and gas regulator is laying out stricter guidelines for producers to reduce emissions or risk losing out on regulatory approvals. An updated emissions plan “makes it clear that for production to continue […]
Crude Oil News
Oman Sees Increasing Ship-to-Ship Transfers of Russian Oil Bound for India
The waters off Oman are emerging as a hot spot for ship-to-ship transfers of Russian oil heading to India, as the US steps up scrutiny of the flows. New Discovery is the latest tanker to […]