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Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes


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Gaz System to Acquire Gas Storage Poland
Poland's natural gas transmission system operator OGP Gaz System S.A. is acquiring 100 percent of the share capital of the operator of the natural gas storage system in the country from Orlen SA.
5:00 AM EST | March 19, 2024
Sinopec Engineering Posts Higher Annual Petrochemicals Revenue
However, the state-owned energy and chemicals EPC and logistics company saw net profit land largely flat at $324.5 million as refining and coal revenues fell.
4:16 AM EST | March 19, 2024
Gunvor CEO Sees Russian Refining Capacity Taking Hit from Drone Strikes
'So that will probably take down exports by a couple of hundred thousand barrels'.
2:45 AM EST | March 19, 2024
Oil Climbs to Four Month High
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
4:07 PM EST | March 18, 2024
DEME Hires KENC for Multiple Offshore Wind Projects
KENC's work will encompass engineering and fabrication of seafastening and auxiliary structures for DEME offshore wind farms.
1:30 PM EST | March 18, 2024
North America Enters Rig Loss Streak
North America dropped rigs again week on week, according to Baker Hughes.
12:07 PM EST | March 18, 2024
Shell Plans to Divest 1K Retail Sites in Shift to EV Charging
Shell plans to divest 500 retail sites annually over the next two years.
10:00 AM EST | March 18, 2024
KBR to Provide Project Management for New Angolan Refinery
The Lobito Refinery Project is one of the most significant energy infrastructure projects in the region.
10:00 AM EST | March 18, 2024
USA Driving Activity to Increase to All-Time Highs
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:38 AM EST | March 18, 2024
TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
PRGT is a wholly owned subsidiary of TC Energy and the developer of a natural gas pipeline project in British Columbia.
8:00 AM EST | March 18, 2024
Oil Climbs to Four Month High Share your comments
Oil climbed to a four-month high as Ukrainian drone attacks on Russian refineries heightened geopolitical risks and key Chinese economic data beat estimates.
4:07 PM EST | March 18, 2024
North America Enters Rig Loss Streak Share your comments
North America dropped rigs again week on week, according to Baker Hughes.
12:07 PM EST | March 18, 2024
USA Driving Activity to Increase to All-Time Highs Share your comments
The EIA projects that driving activity will increase to all-time highs in the U.S. during 2024 and 2025.
8:38 AM EST | March 18, 2024
Oil Market Sentiment Has Improved Significantly Share your comments
'Brent oil prices have risen to a four-month high'.
6:00 AM EST | March 18, 2024
Oil Holds Weekly Gains
Crude futures pushed through 200-day moving average and then held momentum on the week.
3:54 PM EST | March 15, 2024
Wood Mackenzie Looks at EQT-Equitrans Deal Share your comments
Wood Mackenzie outlined that EQT Corporation's acquisition of Equitrans Midstream Corporation increases the natural gas company's 'dominant footprint in the Northeast'.
12:01 PM EST | March 15, 2024
EIA Drops 2024 Henry Hub Gas Price Forecast Share your comments
The U.S. Energy Information Administration cut its Henry Hub spot price forecast in its latest short term energy outlook.
7:52 AM EST | March 15, 2024
Rystad Looks at the Buzz Around White Hydrogen Share your comments
The buzz around natural hydrogen, dubbed white or gold hydrogen, is gaining global momentum, Rystad Energy said.
6:10 AM EST | March 15, 2024
Crude Futures Advance on IEA Supply Warning
Oil Prices were bolstered Thursday by a warning from the International Energy Agency about Supply Shortages now forecasted through end of the year if OPEC+ reductions persist.
3:36 PM EST | March 14, 2024
USA Crude Oil Stocks Drop Share your comments
Crude oil stocks in the U.S., not including the SPR, stood at 447.0 million barrels on March 8, according to the EIA.
11:36 AM EST | March 14, 2024
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ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron Share your comments
ExxonMobil announced its first discovery in 2024 in Stabroek, solidifying the Guyana asset's position as a key area for the oil and gas giant as it disputes rival Chevron's bid to enter the block.
3:55 AM EST | March 18, 2024
Shearwater Bags Survey Contracts with Equinor, Spirit Energy Share your comments
The contracts are for the Mariner field in the UK North Sea, the Heidrun field in the Norwegian Sea, Norway, and the Morecambe Bay area.
4:00 AM EST | March 15, 2024
Harbour Confirms Gas Discovery in North Sea Share your comments
The overall gas volume was calculated between 35.3 million and 105.9 million cubic feet (1 million and 3 million standard cubic meters) of recoverable oil equivalent.
4:00 AM EST | March 14, 2024
Chinese Mega Company Makes Major Oilfield Discovery Share your comments
The discovery adds over a hundred million tons of oil equivalent proved in-place volume, according to the company.
11:24 AM EST | March 13, 2024
BMI Flags Indonesia's Exploration Success Share your comments
'The country's exploration success in offshore areas has bolstered our outlook for its natural gas reserves and production,' BMI analysts said.
11:47 AM EST | March 12, 2024
Bangladesh Offers 24 Offshore Blocks for Exploration Bidding Share your comments
The auction offers 15 deepwater blocks and nine shallow-sea blocks.
3:03 AM EST | March 12, 2024
Chevron to Acquire Stake in Uruguay Block from CEG Share your comments
Chevron Uruguay Exploration Limited is acquiring a 60 percent participating interest in the Area Off-1 block offshore Uruguay in a farm-out agreement with Challenger Energy.
8:00 AM EST | March 11, 2024
Eni Makes Another Discovery Offshore Ivory Coast Share your comments
Drilling operations for the well took place approximately 28 miles (45 kilometers) off the coast in block CI-205.
5:00 AM EST | March 11, 2024
Petronas, ExxonMobil Ink Deal with Suriname on Potential Gas Development Share your comments
Petronas and ExxonMobil agreed to further explore a potential gas production area offshore Suriname where the leaseholders had declared a gas discovery, albeit a commercially unattractive one.
3:06 AM EST | March 08, 2024
Invictus Confirms Quality of Mukuyu Field Discoveries in Zimbabwe Share your comments
Preliminary fluid analysis confirmed rich gas and condensate discoveries by Invictus in the Mukuyu field in Zimbabwe's Cabora Bassa basin.
2:00 AM EST | March 07, 2024
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HNRA Confirms Boost in Untapped Oil in Permian Basin Asset Share your comments
The Houston-based company said that there could potentially be 34 million barrels of oil that can be accessed in the Grayburg-Jackson Field.
11:00 AM EST | March 15, 2024
Gran Tierra On Track to Meet 2024 Production Guidance Share your comments
The company's drilling campaigns resulted in a six percent increase over fourth-quarter 2023 production.
8:00 AM EST | March 15, 2024
BW Energy Starts Production at Gabon Well 5 Months After Discovery Share your comments
Production performance from the well has been in line with BW Energy's expectations.
7:00 AM EST | March 13, 2024
Rystad Says OPEC+ Production Rose Month on Month Share your comments
According to Rystad Energy data and research, crude production in OPEC+ countries increased in February.
7:11 AM EST | March 12, 2024
YPF Says Fire Sale to Free Up $800MM for Shale Oil Push Share your comments
State-run YPF SA said its sweeping plan to divest aging oil fields will free up hundreds of millions of dollars to invest in its shale push in the heralded Vaca Muerta formation.
4:00 PM EST | March 08, 2024
Suncor, First Nation Partner for Potential Oil Sands Development Share your comments
Suncor aims to progress early stage technical and commercial feasibility assessments on a prospective oil sands lease development opportunity on Fort McKay reserve lands.
7:00 AM EST | March 08, 2024
Perenco Starts Gas Production in Ravenspurn South Share your comments
The deviated well 42/30-C06 as drilled and completed with the Valaris-247 rig in a water depth of 157.5 feet.
5:00 AM EST | March 07, 2024
Conrad Asia Inks MoU with PGN for Gas Development Offshore Indonesia Share your comments
Conrad will partner with PGN in the provision of gas or LNG supply and development infrastructure for gas resources from its two Aceh PSCs.
3:28 AM EST | March 06, 2024
Rystad, Macquarie Talk OPEC+ Cut Extension Share your comments
Rystad Energy and Macquarie look at the latest OPEC+ developments.
7:04 AM EST | March 05, 2024
Energean Produces First Gas from Karish North Share your comments
The Energean Power floating production storage and offloading unit (FPSO) now has four production wells in operation.
6:25 AM EST | March 05, 2024
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I Squared Eyes Full Ownership of Europe Gas Storage Firm Share your comments
Rubis Terminal is one of the leading players in Europe in the bulk liquid and gas storage sector with 141.26 million cubic feet (4 million cubic meters) of storage capacity.
6:00 AM EST | March 18, 2024
BP Pulse Buys One of Europe's Largest Truck Stops Share your comments
BP Pulse acquired the Ashford International Truckstop in Kent.
4:23 AM EST | March 18, 2024
Bahrain Oil Field Wins USA Financing Despite Biden Climate Vow Share your comments
The U.S. Export-Import Bank voted to provide a $500 million loan guarantee for an oil and gas development in Bahrain.
8:00 AM EST | March 16, 2024
Chevron Oil Project in Kazakhstan to Cost $48.5B Share your comments
A major development led by Chevron to boost oil output at Kazakhstan's Tengiz field will cost about $48.5 billion.
3:00 AM EST | March 15, 2024
Record Influx of USA Crude Hits Day to Day Oil Markets in Europe Share your comments
Physical oil markets in Europe are weakening - quashing a rally.
5:00 PM EST | March 14, 2024
Kimmeridge Sends New SilverBow-KTG Merger Proposal After Rebuffs Share your comments
Under the terms of a proposal sent to the board, Kimmeridge would contribute the KTG assets to SilverBow in exchange for 32.4 million shares priced at $34 per share.
10:00 AM EST | March 14, 2024
Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale
Proceeds from a new offering could help fund big initiatives by Crown Prince Mohammed bin Salman to diversify the economy away from oil.
10:00 AM EST | March 14, 2024
Eni Completes Sale of Congo-Brazzaville Oil Assets to Perenco Share your comments
The offloaded upstream assets are 'non-core to the Company strategy in the Country'.
3:27 AM EST | March 13, 2024
EIB Funds Sunfire to Bring Its Electrolysis Tech to Serial Production Share your comments
The EIB signed its first agreement with Sunfire worth up to $109.2 million To support the innovative electrolysis technologies needed for Europe`s green transition.
3:31 AM EST | March 12, 2024
Petrobras Plans to Return Nearly 60 Pct of 2023 Profit to Investors Share your comments
Petrobras recorded its second highest annual net income, raking in $24.9 billion for 2023, and plans to distribute 58.1 percent of that as dividends.
3:09 AM EST | March 12, 2024
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DEME Hires KENC for Multiple Offshore Wind Projects Share your comments
KENC's work will encompass engineering and fabrication of seafastening and auxiliary structures for DEME offshore wind farms.
1:30 PM EST | March 18, 2024
Equinor Set to Have New Director Share your comments
Equinor's nomination committee put forward Mikael Karlsson as a new candidate for the company's board of directors.
7:00 AM EST | March 17, 2024
ABL Bags Contracts for LLOG's GOM Asset, Japanese Wind Farm Share your comments
ABL will provide marine warranty survey services for the subsea development of the Salamanca development project in the Gulf of Mexico.
10:00 AM EST | March 15, 2024
Gazprom Shuffles Top Management Share your comments
Gazprom announced several changes in its top management, as well as in leadership positions in its subsidiaries.
1:30 PM EST | March 14, 2024
EIR Examines EQT-Equitrans Deal Share your comments
'This deal will significantly increase EQT's runway of tier one drilling locations'.
7:48 AM EST | March 14, 2024
Perenco Decommissions Gawain Subsea Infrastructure Share your comments
Perenco UK completed the plugging and abandonment of three subsea wells in the Gawain field in the UK Southern North Sea.
4:31 AM EST | March 14, 2024
Equinor Awards Contract Extensions to Norwegian Offshore Suppliers Share your comments
Equinor is exercising two options to extend contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS for a total of four years.
4:21 AM EST | March 14, 2024
Shell Sets Option to Slow Down Near-Term Emission Reduction Path Share your comments
The oil and gas giant now aims to reduce its net carbon intensity by 15 percent to 20 percent by 2030, compared with a previous target of 20 percent.
4:06 AM EST | March 14, 2024
Koil Energy Names New CEO Share your comments
CEO and CFO Charles Njuguna is retiring due to a family health matter.
3:00 PM EST | March 13, 2024
Trillion Energy Kicks Off Search for New CFO Share your comments
Trillion said Ozge Karalli will leave her post due to her termination with Trillion's operating unit in Turkey.
1:30 PM EST | March 13, 2024
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US DOE Plans $750MM in Grants to Advance Clean Hydrogen Solutions Share your comments
The DOE provisionally allotted $750 million for 52 projects across 24 states to advance electrolysis technologies and grow the domestic supply chain for clean hydrogen production.
1:30 PM EST | March 15, 2024
ACEN Partners with BrightNight for $1.2B of Philippine Renewable Projects Share your comments
The partnership plans to develop and construct 1.0 gigawatts alternating current (GWac) of renewable energy projects in the Philippines.
12:49 AM EST | March 14, 2024
Equinor Launches 531-MW Solar Plant in Brazil Share your comments
The Mendubim plant will produce 1.2 terawatt-hours (TWh) of power annually.
5:00 AM EST | March 12, 2024
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