Oil

Crude Oil

Marathon to Receive Second Release from U.S. Strategic Petroleum Reserve

The U.S. Energy Department awarded a second batch of crude oil from the strategic reserve to Marathon Petroleum Corp. as part of the Biden administration’s eff…

Crude Oil

South Korea To Release 3 Million Barrels Of Oil Reserves In Early 2022

South Korea will release 3.17 million barrels of its oil reserves in the first quarter of 2022 as part of the U.S.-led global effort by major oil-consuming nati…

Oil Refinery

Fire Injures Four At Exxon Refinery

A fire broke out early today at the Baytown refinery operated by Exxon, injuring four people.

Crude Oil

Repsol Lifts 100,000 Barrels from Yme Field in North Sea

The first lifting of oil from the Repsol-operated Yme field located in the North Sea off Norway has been completed following the field start-up in October 2021.

Crude Oil

Oil Prices Reach Four-Week High on Declining U.S. Crude Stocks

Oil settled at the highest level in nearly a month after U.S. crude stockpiles decreased and economic data pushed equities higher.

Oil and Gas Equipment

Coal-to-Liquid Plant in Ningxia Reaches Full Capacity

A project converting coal into oil in northwest China's Ningxia Hui Autonomous Region had produced 4.05 million tonnes of products this year as of 9:17 a.m. Sun…

Oil Refinery

India’s IOC to Expand Digboi Refinery Capacity

India's state-controlled refiner IOC will expand its 13,000 b/d Digboi refinery in Assam following the request of the state's chief minister Himanta Biswa Sarma…

Liquid Hydrogen

Woodside Eyes Liquid Hydrogen Exports to Singapore

Australian independent Woodside Petroleum will participate in a study into the feasibility of long-term, sustainable liquid hydrogen exports from Western Austra…

Net Zero Emission

New Oil And Gas Projects In UK Need To Pass Net-Zero Test

The checkpoint will apply to any future oil and gas licenses to ensure they are aligned with the UK’s climate change commitments and net-zero by 2050 target, t…

LNG

CNOOC To Take First LNG Cargo From U.S. Exporter

China National Offshore Oil Corporation, the largest Chinese importer of liquefied natural gas, has signed a deal with U.S. firm Venture Global LNG to buy LNG f…

Colombia

Colombia’s Oil, Natural Gas Reserves Said Rapidly Dwindling

Colombia’s oil and gas production along with its proven reserves are falling and investment will likely fail to recover to pre-Covid-19 pandemic levels this de…

Natural Gas

TotalEnergies Partners with Oman on Low-Carbon Natural Gas Projects

TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country…

Oil&Gas Drilling

Global Oil And Gas Discoveries Set To Hit 75-Year Low In 2021

As of the end of November, total global discovered volumes this year are calculated at 4.7 billion barrels of oil equivalent

Oil & Gas Trade

China’s Oil Imports in November from Saudi Arabia Fall from a Year Earlier

China’s crude oil imports from Saudi Arabia in November fell 13% from a year earlier, but the kingdom retained its ranking as the top supplier to the world’s …

Crude Oil

Nov Crude Imports from UAE Hit Record High at 1.1 mil b/d

China's crude imports from the UAE hit a record high of 4.47 million mt, or 1.09 million b/d, in November amid lower official selling prices, making it China's …