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SK Capital Buys US Environmental Services Firm Pivoting to Carbon Storage
A pump jack drills oil crude from the Yates Oilfield in West Texas’s Permian Basin, near Iraan, Texas, U.S., March 17, 2023. REUTERS/Bing Guan/File Photo …
Oil & Gas Trade
Pakistan to Discuss Long-Term Russian Oil Deal Next Month
Pakistan will hold talks with Russia next month on a long-term arrangement for importing Russian crude oil, as the country seeks to diversify its energy sources…
Crude Oil
Saudi Energy Minister Says OPEC+ Cuts Were Needed to Stabilize Oil Market
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks during 10th Arab-China Business Conference in Riyadh, Saudi Arabia, June 11, 20…
Oil & Gas Trade
Rosneft Exports Fell by 85%
The volumes of transportation of Russian Urals oil decreased by 85% in August, compared to the indicators in the first quarter of the year.Exports of Russia’s …
Oil & Gas Trade
Russia Ships First Oil Cargo to Brazil as It Seeks to Diversify Buyers
A general view shows the oil refinery of the Lukoil company in Volgograd, Russia April 22, 2022. Picture taken with a drone. REUTERS/REUTERS PHOTOGRAPHER/File p…
LNG
ABS, GTT and DHT Sign JDP to Develop Optimised LNG-Fuelled VLCC Design
ABS, Gaztransport & Technigaz (GTT) and DHT Holdings, Inc. signed a joint development project (JDP) at Gastech 2023 to optimize a new, very large crude carrier …
Biofuel
Singapore Aims to Grow Biofuels Trade
Singapore has continued to attract companies to expand their global footprint from the city-state, with major energy and agriculture groups building operations …
Oil Price
Column: US Oil and Gas Output Nears Peak
A general view of the Phillips 66 refinery, Rodeo, California, U.S. March 2, 2023. REUTERS/Nathan Frandino/File Photo Acquire Licensing RightsU.S. crude oil pro…
Oil & Gas Trade
Delta Community Threatens to Shut Down Oil Production
Nigeria’s oil industry may lose 20,000 barrels of petroleum crude per day as palpable tension grips the Otumara Flow Station operated by Shell Petroleum D…
Oil & Gas Trade
Rupee Crisis Costs Refinery rs750M on Crude Import
Pakistan’s oil industry is feeling the pinch of a plunging rupee that has made crude imports more costly and forced one refinery to book a hefty loss on a…
Oil & Gas Trade
US Approvals for $1.5 Billion Oil Railway in Utah Partially Vacated
REUTERS/Rick Wilking/File Photo Acquire Licensing RightsA U.S. appeals court on Friday sent approvals for a $1.5 billion Utah crude oil railway back to federal …
Energy Investment
Oil Drops Over 1% On Worries About Chinese Economy
A VLCC oil tanker is seen at a crude oil terminal in Ningbo Zhoushan port, Zhejiang province, China May 16, 2017. Picture taken May 16, 2017. REUTERS/Stringer /…
Oil&Gas Drilling
Saudi Arabia Will Supply Full Oil Volumes to Asian Buyers in September
Saudi Arabia will supply full crude oil volumes in September under contracts with Asian buyers, Reuters has reported, citing multiple unnamed sources.The news c…
Oil & Gas Supply
India's Top Oil and Gas Producer ONGC Planning to Set Up Two Oil-To-Chemical Plants
India’s top oil and gas producer ONGC is planning to set up two oil-to-chemical plants in India to convert crude oil directly into high-value chemical pro…
Oil Price
Azerbaijani Oil Price Exceeds $90
Baku, August 5, AZERTACThe Azerbaijani oil price has increased in the world markets.The price of a barrel of Azeri Light crude oil rose $1.21 to trade at $90.11…
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