crude oil
- Oil & Gas
Shell Divests Washington Puget Sound Refinery to HollyFrontier
Shell has reached an agreement for the sale of its Puget Sound Refinery near Anacortes, Washington to HollyFrontier Corporation
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Biggest Oil Discovery Near Fram Field in the North Sea
Equinor, Vår Energi, Idemitsu Petroleum and Neptune Energy have made the biggest discovery so far this year on the NCS,…
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World Remaining Reliant on Gas and Petroleum Products by 2050
By 2050, world remains heavily reliant on gas and petroleum products concludes the BloombergNEF (BNEF) study.
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Investments About EUR 21mn at Petrobrazi to Increase Bio-blending Capacity
OMV Petrom, the largest energy company in Southeastern Europe, has invested approximately EUR 21mn at Petrobrazi refinery in order to…
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CONPET Inaugurated the Newest and Largest Crude Oil Storage Tank at Calareti Station
CONPET on November 17 inaugurated the commissioning of the newest and largest crude oil storage tank, in Calareti, an imported…
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Analysis: Chronicles of an Oil War
The result of a previous oil war during which the Saudis refused to cut production hoping to damage U.S. shale…
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Negative Oil Prices | “There Will Be Blood”
Our first thoughts after seeing the unfolding oil prices crisis was the title of the 2007 Hollywood movie: “There will…
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ExxonMobil adds 4.5B BOE to reserves
ExxonMobil added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s…
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Offshore service market growth to outpace shale
Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the...
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French oil and gas company Maurel & Prom to invest in Venezuelan field
French oil and gas E&P company Maurel & Prom will invest USD 400 million in an oil field in Venezuela,…
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Recent developments in the crude oil and gold markets
Taking a look at the evolution and the patterns for crude oil, we can see that since mid-2008, when the…
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Iran’s PEDEC seals deal for construction of 10mn barrels crude oil storage tanks
Iran’s Petroleum Engineering and Development Company (PEDEC) struck a Build–operate–transfer (BOT) contract with a domestic firm for construction of 10-million-barrel…
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Productivity-stimulation treatment for wells affected by stable emulsions
This paper presents a treatment solution for well stimulation where production is decreased due to the formation of stable emulsions.
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Crude oil and copper evolutions
The oil price is still trying to overpass the USD 70,05 price level. Over last week, copper lost in its…
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Oil and gas tanker traffic to endanger Turkish Straits
The growing volume of oil and gas tanker traffic is creating significant environmental, public safety and economic risks for the…
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Highest US monthly crude oil production in almost half a century
US crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIA’s latest Petroleum Supply…
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Oil prices on upward trend
Oil prices started 2018 on a strong note. The price of Brent oil with delivery in March had exceeded the…
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Romanian-Kazakh trade relations
A meeting has taken place recently at the headquarters of the Chamber of Commerce and Industry of Bucharest (CCIB), between…
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BSOG to receive additional investment from EBRD
Black Sea Oil & Gas SRL (BSOG), currently backed by The Carlyle Group, recently announced that the European Bank for…
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OPEC keeps in 2018 the agreement to cut oil output
The cartel of the oil exporting countries (OPEC) and other major producers, including Russia, have decided to extend by nine…
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