A plunge in the volume of crude oil stored on ships combined with unexpected cuts from top producer Saudi Arabia have created a glut of vessels available for hire, pressuring the outlook for supertankers this year. Earnings […]
Saudi Aramco is using new and developing technologies to accelerate its energy transition plans and to decrease carbon emissions. “Our reliability for 2020 is 99.8 percent, one of the highest in the world in terms […]
SANTA FE, N.M.—Lance Wilbanks was looking forward to a rebirth for his trucking company, which saw its business hauling drilling rigs across southeastern New Mexico drop from around two dozen a month to just a […]
Energy News Beat Publishers Note: In order to elevate people from poverty they need access to clean, reliable, and affordable energy. While going green is a good thing, it needs to be done with a […]
Growing oil product oversupply and government liberalisation efforts are unlikely to lead to any sharp reduction in Chinese refining capacity in the near future, supporting the country’s crude import demand and fuel exports, participants at […]
Energy News Beat Publishers Note: An excellent article by Irina Slav for Oil Price. With the major oil companies getting out of oil and gas, Saudi Aramco has stated that they will be producing oil […]
Last year, BP Plc called on Texas regulators to take bold action to stamp out the routine flaring of natural gas, a harmful environmental practice that’s drawn increasing scrutiny from investors. Yet on Tuesday, it was BP’s […]
As much as 40% of the natural gas that’s expected to be flared in the Permian Basin in 2025 could be avoided at no cost to drillers if regulators abandoned their hands-off approach to the […]
Libya’s oil production rebounded to around 1.25 million barrels a day after a major pipeline was fixed, while efforts continued to end a strike that could halt exports at three of the OPEC country’s ports. […]
bp has begun to directly supply gas customers in China with gas from liquefied natural gas (LNG) that it has imported into the country. This is the first time that bp has created a fully […]
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