Oil

Oil and Gas Equipment

Largest North China Gas Storage Facility Starts up

China's state-controlled Sinopec's Wei11 gas storage facility commenced operations on 18 October, marking the completion of the largest group of underground gas…

Oil Refinery

Dalian Revives Plan to Relocate PetroChina Refinery

But the long-mooted plan faces financial and potential regulatory hurdles and may increase petrochemical competition in the region.

Crude Oil

Saudi Energy Minister Dismisses Calls for Extra OPEC+ Barrels

OPEC leader Saudi Arabia dismissed calls for speedier oil output increases, saying its efforts with allies were enough and protecting the oil market from the wi…

Crude Oil

IEA: Global Energy Crisis Could Boost Oil Demand by 500,000 barrels per day

But Britain could run out of gas this winter, says Ineos chief Sir Jim Ratcliffe

Oil Refinery

Mexico’s Tula Refinery Halted Since Last Week

Mexico's 315,000 b/d Tula refinery in the state of Hidalgo stopped processing crude late last week because of full product stocks after a rail blockade choked i…

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.

Natural Gas

Two more UK Energy Firms go Bust as Prices Soar

Two more UK energy firms have ceased trading amid soaring wholesale energy prices.

Oil Field

Occidental Sells Stakes in Two Ghana fields for $750 million

Houston-based Occidental has agreed to sell its interests in two Ghana offshore fields for $750 million to Kosmos Energy and Ghana National Petroleum Corporatio…

Crude Oil

ANALYSIS: Brent Crude Oil Price may Rise to $85.04 per Barrel

Even though there is early sign of the uptrend continuation, the resumption may not be confirmed until oil breaks $84.02, because the bullish momentum does not …

Natural Gas

Northern Ireland Gas Storage Project Secures Greenlight as Prices Skyrocket

The UK government has approved the construction of a gas energy storage project in Northern Ireland amidst an energy crisis caused by natural gas supply constra…

Crude Oil

Platts: OPEC+ Is Producing Less Crude Than It's Supposed To

OPEC+ is producing less oil than it is supposed to, a survey by Platts has revealed, as cited by Forex Live.

LNG

Pakistan Struggles To Find LNG Amid Gas Crisis

Pakistan is looking to buy liquefied natural gas for the winter, but it couldn’t find any sellers in a recent tender, which highlights the fact that the natura…

Crude Oil

Saudi Arabia To Ship Extra Crude Oil To Asia In November

The world’s largest oil exporter, Saudi Arabia, will ship additional volumes of crude to at least three refiners in Asia in November

Net Zero Emission

Chevron Adopts Net Zero Emissions 'Aspiration'

Under pressure to move more aggressively on the energy transition front, US oil producer Chevron committed to a 2050 net zero "aspiration" for operational emiss…

Natural Gas

Natural Gas Prices Plunge As Putin Promises More Supply

Natural gas futures mercifully slipped 10% on Wednesday after Russian President Vladimir Putin promised that the gas-rich nation would send more natural gas to …