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Oil & Gas Trade
Shell Resumes Oil Exports at Mars and Ursa in the Gulf of Mexico
Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, has safely and successfully re-started production at its Mars and Ursa platforms in the US Gulf of M…
Oil Price
Mideast Gulf Gasoline Premium at More Than Decade High
The Mideast Gulf gasoline premium rallied to a more than ten-year high, on the back of strength in the Asian gasoline market and unplanned refinery outages east…
Oil & Gas Trade
Middle East Oil Exporters To See Fast Economic Growth In 2022
The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council are set to book faster economic growth in 2022 than previously expected,…
Wind Power Project
Egypt’s 500MW Wind Farm in the Gulf of Suez to Commence Operations
The Prime Minister of Egypt, Moustafa Madbouli, has attended the signing of two agreements on establishing a 500MW wind farm in the Gulf of Suez area.
Hydrogen Project
Air Products to Build Blue Hydrogen Plant in Louisiana
Air Products plans to invest $4.5bn to produce blue hydrogen in Louisiana, providing the low-carbon fuel to oil refiners along its US Gulf coast pipeline.
Oil Price
Oil Falls As Storm-Hit U.S. Supply Trickles Back into Market
Oil prices fell on Friday as energy companies in the U.S. Gulf of Mexico restarted production after back-to-back hurricanes in the region shut output.
Crude Oil
US Gulf operators restore 70pc of Ida-halted oil output
US Gulf of Mexico offshore producers have brought back about 70pc of the oil output that was halted due to Hurricane Ida.
Oil Price
Oil Rises to Six-Week High as U.S. Supply Concerns Dominate
Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another…
Mexico
66% Of Gulf Of Mexico Oil Production Still Offline On Friday
The largest deepwater crude oil terminal in the United States has reopened in full after Hurricane Ida struck force a closure, a spokesperson said on Friday.
Energy Security
Divers Identify Broken Pipeline as Source of Gulf Oil Spill
Divers at the site of an ongoing oil spill that appeared in the Gulf of Mexico after Hurricane Ida have identified the apparent source as one-foot diameter pipe…
Energy Security
Rush to Contain Large Oil Spill in Gulf of Mexico After Storm Ida
Clean-up crews and the US Coast Guard are trying to locate the source of an oil spill spotted in the Gulf of Mexico after deadly Hurricane Ida.
Oil & Gas Supply
Gulf Of Mexico Shut-In Production Rises To 1.7 Million Bpd
The amount of shut-in oil production in the Gulf of Mexico rose by 240,000 bpd between Wednesday and Thursday, to over 1.7 million bpd, the Bureau of Safety and…
Energy Investment
Pakistan Invests $305 million to Explore for Oil in UAE’s Persian Gulf
The United Arab Emirates awarded an oil concession to companies from Pakistan for the first time.
Libya
Libyan Firm Stops Oil Production On Lack Of Funds
The Arabian Gulf Oil Company, a subsidiary of Libya’s National Oil Corporation (NOC), has suspended oil production for lack of money
LNG
McDermotts’ CB&I Wins More Philippines LNG Work
McDermott International’s CB&I Storage Solutions will provide the engineering, procurement and construction work for a second storage tank at Atlantic Gulf and…
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