Oil

Energy Technology
China: New Sinopec Downstream Technology Process Developed
China's Sinopec has developed a steam-cracking technology to convert oil directly into high-demand petrochemical products such as ethylene and propylene, cuttin…
Natural Gas
Jonah, PureWest both Reach Natural-Gas Milestones
Separately, Jonah Energy and PureWest are announcing milestones in the privately held companies’ quests to market responsibly sourced natural gas.
Crude Oil
Biden Announces Global Effort to Ease Energy Costs
US president orders 50 million barrels of oil to be released from nation's strategic petroleum reserve
Oil&Gas Drilling
Lukoil Strikes Oil in Waters off Mexico
Russian oil and gas company Lukoil has made an oil discovery within the Yoti West structure at Block 12 located offshore Mexico.
Oil Price
Global Oil Prices Retreat in Face of Supply and Demand Pressures
Brent crude was down 56 cents, or 0.7%, at $78.33 a barrel at 1157 GMT and U.S. West Texas Intermediate crude fell 54 cents, or 0.7%, to $75.40.
Oil Field
Repsol Shuts in Yme Field Only Weeks After Start-Up
Spanish oil and gas company Repsol has been forced to halt production from its Yme field off Norway, less than a month after the oil production started.
Natural Gas
BHP, Woodside Agree on $12 billion Australian Gas Project
BHP Group and Woodside Petroleum Ltd. approved investment in a $12 billion Australian gas project as the companies also confirmed details of a merger to combine…
Crude Oil
OPEC Considers Lowering Production to Account for Oil Reserve Releases
OPEC and its allies may re-evaluate plans for reviving oil supplies if the world’s four largest consuming countries go ahead with a co-ordinated release of the…
Crude Oil
Colombia Desperately Needs To Ramp Up Its Oil Production
The COVID-19 pandemic has taken a particularly harsh toll on Colombia’s economically-dependent oil and gas industry.
Oil & Gas Trade
Saudi Retains Top Spot Among China Oil Suppliers
Saudi Arabia has remained China’s number-one crude oil supplier.
CCS
Repsol Joins Forces with Cox Oil Subsidiary to Promote CCUS Projects in the US
Repsol has allied with Carbon-Zero, subsidiary of the company Cox Oil, to study the development of CCUS on the coast of the Gulf of Mexico in the United States,…
Oil Field
Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea
Iran and Azerbaijan, members of the OPEC+ alliance, are looking at finalizing "soon" a number of energy deals, including joint development of an oil field in th…
Oil Refinery
Refinery Closures About To Happen In Europe
Shell plans to end crude processing at the Wesseling site within the Rhineland refining complex in 2025 as the facilities are repurposed for non-fossil fuel fee…
Oil Price
Japan PM Confirms Oil Reserves May Be Released to Curb Prices
Japan is considering releasing oil from its reserves for the first time to curb surging oil prices.
Crude Oil
OPEC+ Pumped Less Oil Than Agreed In October
The OPEC+ group’s compliance rate with the oil production cuts rose to 116 percent in October from 115 percent in September,

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Oil

China: New Sinopec Downstream Technology Process Developed

Jonah, PureWest both Reach Natural-Gas Milestones

Biden Announces Global Effort to Ease Energy Costs

Lukoil Strikes Oil in Waters off Mexico

Global Oil Prices Retreat in Face of Supply and Demand Pressures

Repsol Shuts in Yme Field Only Weeks After Start-Up

BHP, Woodside Agree on $12 billion Australian Gas Project

OPEC Considers Lowering Production to Account for Oil Reserve Releases

Colombia Desperately Needs To Ramp Up Its Oil Production

Saudi Retains Top Spot Among China Oil Suppliers

Repsol Joins Forces with Cox Oil Subsidiary to Promote CCUS Projects in the US

Iran, Azerbaijan Eye Joint Development of Oil and Gas Fields in Caspian Sea

Refinery Closures About To Happen In Europe

Japan PM Confirms Oil Reserves May Be Released to Curb Prices

OPEC+ Pumped Less Oil Than Agreed In October