Barrels of oil

Oil&Gas Drilling
Equinor Starts up North Sea Oil, Gas Project
Equinor ASA has begun production at the Statfjord Ost field in the North Sea, expecting to raise its output by 26 million barrels of oil equivalent."The project…
Natural Gas
Shell Fires up Sweet Gas Production Offshore Malaysia
Shell has brought on stream its Timi sweet gas field development on Block SK 318 offshore Sarawak, Malaysia.The offshore field is designed to produce up to 50,0…
Oil Price
US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions
The Bryan Mound Strategic Petroleum Reserve facility at Freeport, Texas. The US Department of Energy says the reserve system has a 'long history of protecti…
Electric Vehicles
Demand for Electric Cars Is Booming, With Sales Expected to Leap 35% This Year After a Record-Breaking 2022
The global auto industry is undergoing a sea change, with implications for the energy sector, as electrification is set to avoid the need for 5 million barrels …
Natural Gas
U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve t…
Net Zero Emission
BP Buys Us Biogas Company in a Push to Reduce Carbon Intensity
UK-headquartered energy giant BP has completed the acquisition of Archaea Energy, a Texas-based renewable natural gas (RNG) company.Archaea Energy operates 50 R…
Energy Transition
British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal
Archaea Energy operates 50 renewable natural gas and landfill gas-to-energy facilities across the US, producing around 6,000 barrels of oil equivalent a day of …
Crude Oil
World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops
The world will lose 5 million barrels per day of oil each year from current supplies if spending comes to a halt, Dr Sultan Al Jaber, managing director and grou…
Oil Price
US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices
US officials have hinted at more releases if prices continue to surge.
Oil Price
U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery
The U.S. Energy Department said on Monday it will sell up to 10 million barrels of oil from the Strategic Petroleum Reserve, for delivery in November.
United Kingdom
UK Stumps up Another £2MN for Yemen’s Floating Oil Threat
The UK will provide another £2 million to help the FSO Safer, a deteriorating vessel holding around 1 million barrels of oil offshore Yemen.
Oil Refinery
Production at Venezuela’s Largest Refinery Hit by Blackout
Production at Venezuela's largest refinery, which can process about 645,000 barrels of oil per day (bpd), was halted late on Saturday by an electrical fault tha…
Crude Oil
IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels
The International Energy Agency (IEA) has confirmed it will release 120 million barrels of oil.
Oil Price
U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices
The Biden administration on Thursday said the U.S. will release 1 million barrels of oil per day from reserves.
Crude Oil
Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed
Petroecuador, Ecuador's state-owned oil company, on Friday said it will look to double production to 800,000 barrels of oil equivalent per day (boed) in the nex…

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Barrels of oil

Equinor Starts up North Sea Oil, Gas Project

Shell Fires up Sweet Gas Production Offshore Malaysia

US to Add More Than Six Million Barrels of Oil to Reserves to Address Supply Disruptions

Demand for Electric Cars Is Booming, With Sales Expected to Leap 35% This Year After a Record-Breaking 2022

U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden

BP Buys Us Biogas Company in a Push to Reduce Carbon Intensity

British Energy Giant Bp to Buy Biogas Producer Archaea in $4.1bn Deal

World Set to Lose 5 Million Barrels of Oil per Day if Investment Stops

US to Release an Extra 15M Barrels of Oil Amid Skyrocketing Prices

U.S. To Sell Up to 10 Mln Bbls of Oil From SPR for Nov. Delivery

UK Stumps up Another £2MN for Yemen’s Floating Oil Threat

Production at Venezuela’s Largest Refinery Hit by Blackout

IEA Moving Ahead with Collective Oil Stock Release of 120 Million Barrels

U.S. to Release 1 Million Barrels of Oil Per Day From Reserves to Help Cut Gas Prices

Petroecuador Plans to Double Oil Output in Next Five Years. Target Set at 800,000 Boed