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Borrell Urges EU to Restrict Imports of Indian Fuels Made With Russian Oil
The European Union (EU) should crack down on India reselling Russian oil into Europe as refined fuel, including diesel, EU foreign policy chief Josep Borrell sa…
Crude Oil
Saudi Crude Exports Falling in May After April Jump
Saudi Arabia's crude oil exports have been falling in May, according to figures from two companies that monitor the shipments, as a voluntary production cut…
Oil Price
IEA Says Oil Price Downturn Ignores Looming Supply Crunch
Weeks of declining oil prices due to concerns over a possible recession clash with the outlook for scarce supply and robust demand later in the year, the Intern…
Oil Pipeline
High Energy and the Need for Exploration Activities Are Increasing, Which Is Driving the Industry’s Demand for Oil Country Tubular Goods
The oil country tubular goods market is anticipated to record a CAGR of 6.5% during the forecast period. The market is anticipated to grow from an estimated val…
Nuclear Power Plant (NPP)
Purdue Boilermakers Eye Nuclear Power for Cleaner Campus Boilers
Purdue University and Duke Energy released an interim report on May 10 that documents the first year of an ongoing feasibility study, first announced in April 2…
Natural Gas
Australia’s Gas Usage to Drop to 34% By 2030
This comes as the market transitions away from gas.Australia’s gas usage is expected to drop further to 34% by 2030, the Institute for Energy Economics an…
Floating Offshore Wind
Seatwirl, Kontiki Winds to Explore Powering Oil & Gas Assets With Floating Wind
Sweden-headquartered SeaTwirl has signed a Memorandum of Understanding (MoU) with Kontiki Winds to identify and discuss the opportunities to electrify oil and g…
Oil and Gas Equipment
The Large Synchronous Motors Are Used in Various Industries for Different Applications Like Mining, Water Treatment, Separation Unit Etc.
The global large synchronous motor market is anticipated at US$ 6.5 billion in 2022. The sector is gaining pace as companies provide technologically improved la…
Biofuel
USDA Predicts Increased Soybean Oil Use in Biofuel Production
The USDA predicts more soybean oil will go to biofuel production in 2023-’24, according to forecasts made in the agency’s latest World Agricultural …
Crude Oil
Tight Market for Sour Crude Oil to Squeeze US Gulf Coast Refiners
Sour crude oil supplies for US Gulf Coast oil refiners will be squeezed in coming weeks, market participants said, as global demand rises following this month&#…
Oil Pipeline
G7, EU to Ban Restart of Russian Gas Pipelines
The Group of Seven (G7) industrial powers and the European Union will ban Russian gas imports on routes where Moscow has cut supplies, the Financial Times repor…
Oil&Gas Drilling
Totalenergies Picks Shearwater for Surveys Offshore UK
French major TotalEnergies has awarded Norway’s Shearwater GeoServices with a contract to carry out surveys over its gas fields located west of Shetland, …
Oil&Gas Drilling
Shell and Petrobras Book Noble’s Drillships
Noble Corporation has won contracts with UK-headquartered energy giant Shell and Brazilian state-owned oil and gas giant Petrobras, respectively, for two of its…
Hydrogen Production
Aramco Puts Blue Hydrogen Plans on Hold Due to High Costs and Lack of Off-Takers
Saudi oil giant Aramco has announced that it is putting its plans for blue hydrogen on hold due to high costs and the lack of off-takers.Blue hydrogen is produc…
Oil Exploration
With Delays Out of the Way, UK Oil & Gas Firm Enters Angola
UK-headquartered and AIM-listed company Afentra plc has completed the acquisition of interests in two blocks offshore Angola from Croatia’s INA-Industrija…
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