Petroleum

Oil Exploration

PBF's Martinez, California, Refinery Reports Release of Coke Dust on Communities

PBF Energy's (PBF.N) 156,400 barrel-per-day capacity oil refinery in Martinez, California released petroleum coke dust, a byproduct of the refining process,…

Biofuel

EIA: Biofuels Displace Distillate Fuel Oil on the West Coast

Last year, U.S. West Coast distillate consumption, as measured by product supplied, was at its lowest since 2002 and is on track to fall further this year. The …

Oil & Gas Trade

BP Settles US Natgas Market Manipulation Case for $10.75 Million

Signage is seen outside a BP (British Petroleum) petrol station in Liverpool, Britain, February 7, 2023. REUTERS/Phil Noble/File Photo

LNG

India's HPCL Gets Bids to Lease Part of Chhara LNG Terminal

India's Hindustan Petroleum Corp Ltd (HPCL.NS) has received six or seven bids from industries to lease a part of its Chhara liquefied natural gas (LNG) impo…

Oil Price

Callon Petroleum Company Announces the Closing of Delaware Basin Acquisition and Eagle Ford Divestiture

HighlightsReduces Outstanding Debt by Approximately $300 MillionWill Commence Share Buyback Program in the Third QuarterCallon Petroleum Company (NYSE: CPE) ("C…

LNG Carrier

HD Korea Shipbuilding Wins 96.9 Bln-Won Order for 1 LNG Carrier

South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Wednesday it has clinched a 96.9 billion-won (US$73.97 million) order to build one l…

Oil Price

Saudi Arabia, Russia Deepen Oil Cuts, Sending Prices Higher

The OPEC logo pictured ahead of an informal meeting between members of the Organization of the Petroleum Exporting Countries (OPEC) in Algiers, Algeria, Septemb…

Oil & Gas Trade

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf

According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further …

Natural Gas

Qatar Set to Strike Second Big Lng Supply Deal with China

FILE PHOTO: CNPC (China National Petroleum Corporation) logo and stock graph are seen through magnifier displayed in this illustration taken September 4, 2022. …

Biofuel

EIA: Biofuels Are Displacing Petroleum-Based Distillate Fuel Oil Consumption on the West Coast

Consumption of distillate fuel oil in the US West Coast, as measured by product supplied, decreased to its lowest level since 2002 last year and continues its d…

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…

Oil & Gas Trade

Oil Sales Plunge by 40PC in May Amid Economic Slowdown

KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic…

Natural Gas

LPG Prices Slashed by RS37/KG for June

ISLAMABAD: The government on Thursday lowered the prices of liquefied petroleum gas (LPG) by 15.88 percent or Rs37/kg for domestic and commercial consumers for …

Oil & Gas Trade

Kuwait’s Oil Company Seeks to Exit Norway

Kuwait's overseas oil and gas division has launched a sale process for its Norwegian assets as part of its focus on newer exploration and production hubs, i…

Oil&Gas Drilling

Trio Petroleum Confirms “Major” Oil, Gas Accumulation in California Well

(WO) – Trio Petroleum Corp. announced that its HV-1 well has confirmed a major accumulation of oil and gas in the Presidents field in its South Salinas pr…