(WO) – Reuters has reported that ExxonMobil is planning a potential 30-well drilling campaign for its seventh oil and gas project offshore Guyana, named Hammerhead. Hammerhead aims to start production in 2029, boosting Guyana’s oil […]
Weekly Daily Standup Top Stories Labour Wins Landslide Victory in U.K. Snap Elections July 6, 2024 Mariel Alumit Keir Starmer promises to focus on public service as Britain’s new prime minister. Labour Takes Control The […]
Fuel oil imports in June highest since at least November 2020 World’s biggest crude exporter buys fuel oil for power plants Saudi Arabia boosted imports of the dirtiest type of oil to the highest in more […]
U.S., UK, and EU sanctions have resulted in the idling of dozens of tankers used to transport Russian crude. The stepped-up sanction enforcement has created difficulties for Russia in shipping its oil to customers. The […]
The Maran Lyra, a VLCC, is due in Norway today with what broker Braemar describes as an “unusual” cargo. The ship will discharge Nigerian crude at Mongstad, north of Bergen where Equinor has a refinery. […]
OPEC has stuck to its forecast for relatively strong growth in global oil demand in 2024 and 2025, citing resilient economic growth and strong rebound in air travel in the summer months. In its latest Monthly Oil […]
Recent data from Kpler reveals a significant decline in crude oil exports from major OPEC+ producers in June, driven largely by weak demand in Asian markets and increased domestic consumption in the Middle East. This […]
Daily Standup Top Stories 1PointFive Signs an Agreement to Sell 500,000 Metric Tons of Carbon Credits to Microsoft July 10, 2024 Mariel Alumit 1PointFive has signed an agreement to supply Microsoft with 500,000 metric tons of […]
HOUSTON, July 10 (Reuters) – Oil prices settled higher on Wednesday after a jump in U.S. refining activity last week drove a larger-than-expected decline in gasoline and crude inventories, but gains were capped due to […]
The Interior Department last Friday blocked 28 million acres of federal land in the state of Alaska from any mining or oil and gas development. Rick Whitbeck, Alaska state director for Power The Future, said the […]
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