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Wind Power Company
Orsted Plans $57 bln Drive to be No.1 in Green Energy
The Danish firm, which sold its oil and gas business in 2017, has benefited hugely from policies to implement the 2015 Paris Agreement, a collective shot at lim…
Oil&Gas Drilling
Biden Administration Halts Oil Drilling in Alaska Wildlife Refuge
White House climate advisor Gina McCarthy noted Biden's promise and said the move reflected his belief that "national treasures are cultural and economic corner…
Oil Refinery
China On Track To Be World’s Largest Oil Refiner in 2021
In the global refining industry, COVID-19 has exposed a seismic shift. While China’s oil refineries forge ahead with capacity expansion, many western-based ref…
Crude Oil
Iraq's May Oil Exports Averaged About 2.9 mln bpd - Oil Ministry
Iraqi oil exports stood at about 2.9 million barrels per day (bpd) in May, little changed from the previous month, the country's oil ministry said on Tuesday.
Oil Exploration
Exxon Quits Deepwater Oil Project In Ghana
Exxon is leaving a deepwater prospect in Ghana after seismic work failed to produce good enough results.
Crude Oil
Nigeria’s Oil Revenues Slump 98% In April
Nigeria’s crude oil export revenues slumped by as much as 98 percent from March to April this year because of movements in the price of gasoline.
Crude Oil
i3 Energy to Acquire Additional Stake in South Simonette Oil Property
i3 Energy is set to acquire an additional 49.5% interest in the South Simonette oil property in Lower Montney, Canada, from Anegada Oil.
Oil Price
New Iran Nuclear Deal May Completely Derail Oil Price Rally
The U.S. has agreed to a tentative removal of key sanctions in the oil, gas, petrochemicals and automotive sectors, plus some of those on Iran’s banking sector…
OPEC
OPEC Projects Tight Oil Markets in Advance of June Crude Output Talks
A year after shuttering unprecedented volumes of crude, the OPEC+ alliance is expecting world oil markets to get acutely tight.
Crude Oil
Iran Claims Its Oil Production Could Jump To 6.5 Million Bpd
Iran can boost its crude oil production to as much as 6.5 million barrels per day when the U.S. sanctions on its oil industry are lifted, Iranian Oil Minister B…
Oil Price
Oil Prices Stay Firm As Demand to Outstrip Supply in H2
Oil prices climbed in early Asian trade on Monday, underpinned by the bright outlook for fuel demand growth in the next quarter, while investors looked ahead to…
Oil Refinery
Mexican National Oil Company to Run USA Refinery
Pemex, whose holdings include six refineries in Mexico, will become the sole owner of a seventh refinery – in the United States.
Oil Refinery
Sinopec's Green Hydrogen Ambitions: Five-Year Growth Plan Crucial to Refiner's Transition
The giant Chinese refiner has lined up projects intended to produce 500,000 metric tonnes of green hydrogen per annum by 2025
Oil Refinery
Oil Refiners to Begin Olefin Business in 2nd Half of 2021
GS Caltex and Hyundai Oilbank will start operating their olefin facilities in the second half of 2021, signaling a big change in the petrochemical industry.
Oil Price
US Pump Prices Become Pressure Point for Biden
Rising gasoline prices heading into the summer are emerging as a political liability for President Joe Biden, as critics try to direct voter frustration about p…
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