Latest News Archives

OIL to challenge closure notice

The pollution watchdog, in its closure notice on Saturday, had written that the company has “nonchalantly violated the provisions of law effective causing pollution to …

Oil and gas The reservoir to stop overflow is underway

Drilling and workover operations in 5 more areas, which are outside Baghjan, are yet to start out as protests are continuing there. Among them, two …

Oil Resumes Weekly Winning Streak

Oil rotated last week’s setback, extending a slow but relentless rise since falling into negative territory in April. U.S. benchmark crude futures rose 2.3% Friday …

Re-balance the worldwide oil market

Time spreads also showed signs of strength. WTI’s front-month spread rose Friday to the strongest level during a month. The July-dated contract expires Monday, which …

Oil is resuming its upward trend

Oil was poised to resume a run of weekly gains on signs consumption is learning as economies emerge from lockdowns. Despite many countries still struggling …

Oil and Gas Technology Centre

Brent for August settlement advanced 1.2% to $42.00 a barrel on the ICE Futures Europe exchange after rising 2% on Thursday. The August contract was …

US slaps sanctions on Mexican firms, to Venezuelan oil

The US on Thursday blacklisted Mexico’s Libre Abordo and a related company. Accusing them of helping Caracas evade US sanctions within the first formal action. …

Asia’s oil demand recovery remains fragile

The recovery in Asia’s demand for oil remains fragile despite the reopening of economies across the region. As the second wave of coronavirus outbreaks could …

China’s new marine fuel contract to attract strong industry

The new low-sulfur heating oil (LSFO) contract features marine fuel meeting. Stricter international emissions rules and is that the latest commodity futures product. Second oil …

To extend oil cuts beyond July

Oil fell quite 2 percent to below $41 a barrel. After US data showed crude inventories rose to a record high, reviving worries of a …

Oil and Gas Sharpening Venezuela’s Cycle of Recession

Yet albeit Venezuela was pumping at capacity, oil prices are at their lowest in years. Thanks to an enormous drop by global demand, a result …

Venezuelan oil production sinks to lowest output

Venezuela heavily contingent income from oil exports — produced just 570,000 barrels of oil each day. A drop of 54,000 BPD compared to at least …

Oil prices stable ahead of OPEC

Oil prices were broadly stable on Thursday as Brent erased losses. In early European trading before a gathering of OPEC members and their allies against …

British oil major BP raises

British oil major BP Plc has raised $11.9 billion in debt through a problem of hybrid bonds in multiple currencies. The spokeswoman told Reuters in …

The world’s biggest oil and gas companies

The coronavirus has exposed the fragility of a number of the world’s biggest oil and gas companies. But also given them the chance to form …

British thermal units for U.S. Gas

The coronavirus pandemic and therefore the push to chop carbon emissions. Each has the potential to reshape the industry, but some problems predate those twin …

UK Minister for Energy Kwasi Kwarteng

UK Minister for Energy Kwasi Kwarteng said: “The offshore oil and gas sector’s commitment to halving operational emissions. Over a subsequent decade may be a …

UK offshore oil and gas industry

The UK’s offshore oil and gas industry has committed to halving operational emissions within the next decade. Confirming its pathway to becoming a net-zero emissions …

Oil Down with Second-Wave Virus Risks in Focus

Oil kept falling after its first weekly drop since late April as a fresh coronavirus outbreak. In China and increases in cases elsewhere added to …

Kochi gas plan moves at snail’s pace

This has resulted during a stalemate over the fate of the project which might are instrumental in providing cooking gas to thousands of households. “We …

Gas exchange opens a new chapter

The launch of the new electronic trading platform for gas by Indian Energy Exchange (IEX). Today has opened a replacement chapter. Within the energy history …

Texas Oil and Gas Association

Texas Oil and Gas Association (TXOGA) members. The electing Democrat Joe Biden to the presidency this November would threaten their companies’ economic well-being. A newly …

Oil and Gas The TXOGA Member Survey

According to UH, other findings from the TXOGA member survey include: 70 percent expect the worldwide economy to enhance over the subsequent 12 months, 15 …

Offshore Group Calls for UK Quarantine Exemption

The U.K. Government earlier in the week unveiled a series of restrictions requiring a 14-day quarantine period for travelers entering the country. Five industry associations …

Colorado Outdoor Recreation And Activities

Outdoor recreation and activities are treasured by Coloradans and tourists alike. The provisions needed to take care of our outdoor recreational spaces, trails. Habitats don’t …

Oil and Gas Colorado

Many Coloradans are feeling the economic impacts of the pandemic. To assist provide stability and support during these uncertain times. It is announcing a $37,500 …

Parkland increases financial credit facilities

The effective rate of interest on the updated syndicated credit facilities. It is materially unchanged and everyone other financial covenants remain an equivalent. “We still …

Oil Falls on Signs U.S. Crude Stockpiles Expanded

Oil retreated to close $38 a barrel after a U.S. industry report signaled a surprise jump in crude inventories. Underscoring the market’s patchy road to …

AER statement low risk monitoring and reporting

In response to public health orders issued by the govt of Alberta. Members of Alberta’s energy industry have submitted information. To the Alberta Energy Regulator …

Oil and Gas The Longer Monitoring

The longer monitoring has been in situ, the more easily we will detect changes. In trends following any short-term pause of knowledge collection. Conversely, all …

Libya’s oil company says largest oil field shut down

A unit affiliated with Libya’s east-based totally forces that have been looking to capture Tripoli. But at the moment we are at the retreat. Ordered …

Chinese firms transported Venezuelan oil

Chinese oil companies may soon decline to charter any tanker that has visited Venezuela within the past year to avoid disruption to operations if the …

Oil Up Slightly After Pause on Saudi Supply Move

Oil edged higher toward $39 a barrel as expectations U.S. crude stockpiles extended declines offset. A choice by Saudi Arabia to cease extra voluntary production …

Petrol and diesel price hikes turn marketing margin positive

Petrol and diesel prices have risen by a touch of quite Rs 2 per liter in four days. Turning net fuel marketing margin positive for …

Crude oil prices fall rise revives glut worries

Oil fell quite 1 percent towards $40 a barrel on Wednesday after a report showed an increase. In crude inventories within the US. Reviving concerns …

EIA Raises Oil Price Forecasts

The U.S. Energy Information Administration (EIA) has raised its oil price forecasts. For 2020 and beyond, its latest short term energy outlook (STEO) report has …

IOC raises refinery output as fuel demand rises

The country’s largest oil firm said it’s boosted refinery run rates to just about 83 percent of the capacity. After the demand for fuel almost …

The consumption of white oils petrol and diesel

The growing consumption of white oils petrol and diesel (except ATF. Which remains lagging at about 24 percent of normal level). The demand for black …

Oil climbs over OPEC output cuts to end-July

Oil fees rose more than 2 in line with cent early on Monday to their maximum in 3 months. After OPEC and its allies along …

Saudis and Russia Unite to Handle Pinocchio Problem

A deal to increase record OPEC+ output cuts was going smoothly. Until Saudi Arabia and Russia discovered. Just what proportion a number of their allies …

Bluff and Drama – Saudis and Russia

Initially, the four laggards resisted. What followed was a week-long drama that pitted Riyadh and Moscow against fellow oil nations. Consistent with officials involved within …

BP to Cut many Oil and Gas Jobs

BP plc revealed Monday that it plans to chop nearly 10,000 jobs. With most affected individuals leaving the corporate by the top of this year. …

Oil Down on OPEC+ Discord and US Demand Data

Oil retreated from a three-month high as OPEC+ unity was threatened. By a long-running feud over complying with production cutbacks. While U.S. data cast doubt …

Modglin to Lead Texas Energy Group

The Texas Alliance of Energy Producers reported that it’s hired, Jason Modglin. Because of the Austin-based organization’s new president. “Jason Modglin is an impressive option …

Texas Energy Extern Training Goes Virtual

The Independent Petroleum Association of America (IPAA) and Petroleum Equipment and Services. (PESA) aren’t letting unprecedented market conditions and pandemic. Related physical office restrictions prevent …

Senior Automation Engineer – Company Overview

Nabors Industries owns and operates one among the world’s largest land-based drill rig fleet and may be a provider of offshore drilling rigs within the …

Oil & Gas Internship in CA, Irvine, United States

Aegion Energy Services provides cost-effective maintenance, turnaround, and construction services at refineries, petrochemical and other industrial facilities on the West Coast. We are seeking college …

Solutions Architect – Qualifications Requirment

Hold, have held, or eligible to use for UK based security clearance – SC or NPPV3. Hold an undergraduate degree – ideally in computing as well as …

Core Responsibilities – The Transforming Forensics (TF) programme

The Transforming Forensics (TF) programme aims to vary how biometric (fingerprint, DNA, etc.) and digital forensics is delivered within the UK. The Digital Forensics Solution Architect will lead within …

Oil and Gas Technical Staffing Resources

Technical Staffing Resources (TSR) is an in-house agency and master vendor for KBR. Who are the number one global engineering, construction as well as services …

The Oil and Gas Used To Generate Electricity

The specter of bad prices is hanging over power markets greater than a month after oil’s unforgettable crash under zero. Whilst crude has staged a …

The Oil and Gas Market Lacks A Coordinated Technique

The oil marketplace has an extensive, if fragile, an alliance of producers to manipulate manufacturing and rescue charges, led via Saudi Arabia and Russia, the …

Saudi Arabia And Russia Will Extend Cuts

President Donald Trump believes opec+ and Saudi Arabia and Russia specifically. It will keep on with their oil manufacturing reduce settlement. A senior Washington reliable …

Oil and Gas Analysts surveyed by Bloomberg

In the US associated fuel, a byproduct of shale drilling has periodically long gone bad. Due particularly to accelerated manufacturing coming up towards restrained delivery. …

Saudi Arabia aims to pump slightly below

West Texas Intermediate for June delivery gained 23 cents to $24.37 a barrel on the NY Mercantile Exchange as of 12.37 pm Singapore time after …

Oil edges higher on recovery signs while Saudis flag deeper cuts

Oil edged higher as signs of a recovery in demand continued. To surface following the easing of virus-led lockdowns in some regions. While Saudi Arabia …

ENEC Completes test at Barakah nuclear power plant

The emirates nuclear energy company (enec) has effectively completed the bloodless. Hydrostatic trying out (cht) at unit four of the barakah nuclear energy plant. It …

Oil extends slide below signs US stockpiles swelled

Oil extended its drop to trade below $32 a barrel after a US industry report signaled crude. Inventories swelled for the primary time in three …

The US and global energy markets

Long-term change in the US and global energy markets. gas continues to grow as a source of lower-carbon power generation here and abroad. The wave …

Oil and Gas Industry watching trends

The 2018 recovery in commodity prices and cash flows has been excellent news for the world. The challenge now will likely be to translate that …

The recovery in oil markets have legs, or are emerging risks

To grease, gas, and chemicals executives as a part of Deloitte’s recent annual survey. We found that confidence during recovery is indeed returning with expectations …

The recovery for oil and gas, and their prospects

If there’s one constant in energy markets, it’s changed, as prices shift and corporations adapt. Separately, the chemicals sector has enjoyed positive growth and margins …

Oil prices climb on prediction of swift demand rebalance

Oil rose above $34/bbl, following a prediction from Russia that the market may rebalance. As early as next month thanks to historic output cuts from …

A Downstream Oil Facility –

Workers undertaking activities in offshore installations are exempt from new self-isolation requirements. For UK arrivals, which are thanks to kicking in on June 8. Under …

Oil prices continue to slide on growing U.S. stockpiles

Oil extended declines after an industry report showed U.S. crude inventories swelled for the primary time in three weeks. Futures fell 1.4% in NY , …

Oil Down on Signs US Stockpiles Swelled

Oil extended its drop to trade near $32 a barrel after a U.S. industry report signaled crude inventories swelled. For the primary time in three weeks, …

Oil Prices Climb on Prediction of Swift Demand Rebalance

Oil rose above $34/bbl, following a prediction. From Russia that the market can also rebalance as early as next month. Due to historical output cuts …

Oil and Gas storage Challenge Within the Netherlands

For the engineering of three RG compressor trains for a carbon capture, usage and storage challenge within the Netherlands. The port of Rotterdam as well …

Oil and Gas Man Energy Solutions

Man energy solutions’ scope of labor for Porthos covers the engineering of two RG 25-four and one RG 31-4 type compressor trains. With an order …

Gas Exports To Europe Drop As Nord Stream 2 Nears Completion

Natural gas flows from Europe’s biggest dealer slumped after a rate rout and with garage sites at above-common tiers. Flows from russia via the yamal-Europe …

BP deepens partnership with Chinese PET producer CRC,

BP has signed a strategic cooperation agreement. With one of China’s leading producers of PET (polyethylene terephthalate) plastic. China Resources Chemical Innovative Materials Holdings Limited …

Oil prices increase due to less than expected rise

Oil prices have increased after crude inventories within the US rose by ten million barrels. Which is a smaller amount than expected? Consistent with Reuters, …

Energy starts drilling campaign at Fenja field offshore

UK-based offshore operator Neptune Energy has announced the beginning of a drilling campaign on the Fenja field offshore Norway. Following spudding of the primary well. …

Oil and gas companies set to lose $1 trillion

Oil and gas exploration and production companies, or E&Ps, are slated to lose a staggering $1 trillion in revenues in 2020, consistent with analysis by …

Oil and Gas – Unconventional Resources

Those sources were no longer commercially feasible until lately. Due to advancements in technology, unconventional resources have ended up well-known lately. This has partially solved …

Oil and Gas Industry – Corporate social responsibility

This trouble includes relations with several stakeholder organizations, fitness, and protection issues. Worries of protection encompass worker rights, human rights. Stakeholder rights, community relations, environmental …

The Gasoline and Oil Sector

The gasoline and oil sector is going through a huge disruption. As the world continues to be depending on the organic assets of power. There …

Gas and oil Worker Required

We’re in want of fashionable fuel and oil workers. like: mechanics, electricians, electronics technicians, pump provider technicians, electric set up and protection technicians, tool technicians, …

US Shale Producers Innovate Themselves Out of Trouble

The shale industry changed into in problem even if oil turned into priced at $30 a barrel. Loads of small manufacturers throughout texas and the …

Coronavirus creates repair headache for oil and gas industry

The coronavirus pandemic has disrupted upkeep at oil and gas tasks and refineries. From Russia’s ways east to the coast of Canada. Storing up problems …

Oil and Gas – The Italian Connection

Sakhalin energy advised Reuters that the corporation operates in keeping with an extended-time period renovation plan. Which is being continuously revised. All works may be …

Crude oil prices gain on signs of output cuts

Oil prices rose barely on Tuesday amid signs that producers are slicing output as promised. Just as demand picks up. Stoked via extra international locations …

Directing Oil and Gas Companies Toward Sustainability

These days announced phasing out of a few single-use plastics—bags, straws, and cups—in several countries. Many us states present a glimpse into the capability of …

Oil and Gas Oversupply and Margin Pressures

The growth of chemical manufacturing capability is leading to oversupply and margin pressures. Due to the commissioning of recent capability and decrease plant usage rates …

Oil and Chemical Companies Seeking New Opportunities

Chemical compounds pastime and industrial production are closely tied to the primary cease markets which include construction and automotive. in spite of recent high quality …

Increasing security and decreasing demand of global oil supply

The historically critical problem of worldwide oil delivers safety back to the forefront of enterprise interest in mid-September 2019. Whilst an assault on crucial centers …

Oil and Gas – LNG volumes are up

US LNG export increase has been near exponential considering the fact that 2016. Exceeding 5 billion cubic toes in step with day (bcfd) for the …

Oil and gas investors are expecting increased

For oil and gasoline agencies, in particular American shale businesses. 2019 has had an astonishing extent boom, moderate capital spending, vulnerable running coins flow. And …

The energy transition in the oil and gas sector

Fossil gas call for is extensively anticipated to height across the midcentury. But there is not a clear consensus about whilst. Some forecasts mission blended …

Uncertainty For Fuel Markets

Worldwide fuel intake has grown at a speedy tempo. However alternate disputes and a slowdown in the monetary boom ought to weigh on the 2020 …

oil and Gas Make Deeper Cuts

The darker outlook comes after three of OPEC’s key Persian Gulf exporters. Saudi Arabia, the United Arab emirates, and Kuwait. Stated that next month they …

Pipeline performance 2020-2022 strategic plan

The American petroleum institute (API) and the association of oil pipelines (people) released the 2019 pipeline protection excellence performance report and 2020-2022 strategic plan. The …

Russia, Saudi Arabia after production cuts

Riyadh and Moscow, which lead the opec+ alliance, said they had been severe. About mitigating the unprecedented fall apart in oil consumption and fees via …

Neptune Energy – dual drilling sub sea

Neptune electricity has conducted the sector’s first dual drilling operation. From an incorporated subsea template structure. On the fenja field within the Norwegian north sea. …

Saudi Aramco tips difficult 2020 as crisis

Energy giant Saudi Aramco on Tuesday posted a 25 percent slump. In first-quarter profits and said the coronavirus crisis which triggered a crash. In oil …

Indian Oil companies – Affecting Projects

Oil companies are off to a slow start this year thanks to the Covid-19 pandemic. And therefore the lockdowns in several countries that have severely …

Saudi oil giant Aramco

Saudi oil giant Aramco may cut its dividend to the Saudi government. But is probably going to take care of payouts to minority shareholders as …

Home gasoline production

Home gasoline production is anticipated to stay a loss-making proposition. For most Indian upstream manufacturers. In the financial year 2020-2021 as charges are predicted. To …