all things Oil
By Paul Tugwell on 2/25/2021 (Bloomberg) –Energean Plc submitted a proposal to the Greek government to build a carbon dioxide storage facility and a hydrogen plant in northern Greece close to its old Prinos oil field. The project would be the first of its kind
By Kevin Crowley on 2/25/2021 HOUSTON (Bloomberg) –Exxon Mobil erased almost every drop of oil-sands crude from its books in a sweeping revision of worldwide reserves to depths never before seen in the company’s modern history. Exxon counted the equivalent of 15.2 billion barrels of
Highlights Coronavirus not affecting capacity expansion plans CPC crude quality stable Doesn’t expect Kazakh producers to seek alternative routes Moscow — The Caspian Pipeline Consortium has received bids for crude deliveries via its network in 2021 totaling 67.5 million mt, CPC General Director Nikolay Gorban
Highlights Purchase to support two new trading units ADNOC planning to hit 5 mil b/d by 2030 from 4 mil b/d now ADNOC also bought 6 VLGCs for its JV with China’s Wanhua Dubai — Abu Dhabi National Oil Co. has purchased six Very Large
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
By Elizabeth Low on 2/25/2021 Equinor crew celebrates first oil from Johan Sverdrup, offshore Norway (Bloomberg) –Oil extended gains from its highest close in more than a year on a slump in U.S. oil inventories and a broader lift to the reflation trade taking place
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
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
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
Highlights UK net exporter of crude/NGLs for first time since 2004 COVID-19 overturns half-decade recovery trend London — UK oil production dropped 7% to a three-year low of 1.03 million b/d in 2020, while the country was a net exporter of crude and natural gas