crude oil
- Oil & Gas
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…
Read More » - Analysis
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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