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Commodities
Andreas Exarheas

Scoop Stack Oil Output Slashed

Production in Oklahoma’s Scoop Stack shale play is forecasted to hit 342,000 barrels of oil per day and 5.8 billion cubic feet per day this month, according to GlobalData’s latest report. The figures mark a 43 percent decline in oil and a 27 percent dip

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Commodities
Andreas Exarheas

DOE Awarding up to $46MM for Geothermal Projects

The U.S. Department of Energy (DOE) has announced that its Frontier Observatory for Research in Geothermal Energy (FORGE) Initiative at the University of Utah has selected 17 projects to receive up to $46 million in funding. A full list of the project categories and entities

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Commodities
S&P Global

Benchmark cash Dubai rises; focus remains on Asian buying

Singapore — Benchmark cash Dubai rallied at the Asia close Feb. 25, with attention shifting to Asian buying intent as trade for May-loading barrels approaches. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Platts assessed April cash

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Commodities
Andreas Exarheas

ADNOC Shipping Arm Buys 6 Very Large Crude Carriers

ADNOC’s shipping and maritime logistics arm, ADNOC Logistics & Services, has announced the acquisition of six Very Large Crude Carriers (VLCCs). The company noted that two VLCCs have already been deployed into its fleet and that it has placed an order for three newbuild vessels

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Commodities
Matthew V. Veazey

Karish North Contract Goes to TechnipFMC

Energean Israel Limited (LSE: ENOG) has granted TechnipFMC (NYSE: FTI) (PARIS: FTI) a letter of award (LOA) for the Karish North field development offshore Israel, TechnipFMC reported this week. “We are delighted to partner again with Energean,” remarked TechnipFMC President Subsea Jonathan Landes in a

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Commodities
Matthew V. Veazey

Shell to License Tech for New Refinery

PT Pertamina Rosneft Pengolahan dan Petrokimia (PT PRPP) has signed a licensing and basic engineering agreement to apply Shell Catalysts and Technologies processes at a new refinery in Tuban, Java Timur, Indonesia, Shell (NYSE: RDS.A) reported Wednesday. “We are grateful that PT PRPP has selected

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