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World oil leaders criticize IEA’s politicization during climate debate

(Bloomberg) The opening day of the World Petroleum Congress, a major oil industry conference, saw consensus on at least one point: scorn for the International Energy Agency and its politicization amidst the climate debate. Saudi Arabias ene......【More】

2023-09-21

Iranian oil exports surge above 2 MMbpd despite sanctions

(Bloomberg) Irans oil exports are surging this month, swelling global flows at a time when other producers are cutting back, according to a firm that monitors satellite imagery of individual tankers. The boom is awkward for the U.S., which......【More】

2023-08-22

Texas devotes $4.3 billion to improve transportation infrastructure in Permian basin

(WO) The Permian Strategic Partnership (PSP) applauds the Texas Department of Transportations (TxDOT) approval of the Unified Transportation Program (UTP), which serves as TxDOTs infrastructure plan for the next decade. Notably, the 2024 UT......【More】

2023-08-17

Australia labor strikes could disrupt 10% of global LNG exports

(Bloomberg) Potential strikes at three major liquefied natural gas (LNG) facilities in Australia could disrupt about 10% of global exports of the fuel and deliver a new energy price shock across Asia and Europe. Workers at Chevron Corp. and......【More】

2023-08-14

CNPC starts drilling Shendi Chuanke 1 Well in Sichuan

On July 20, CNPC started drilling the Shendi Chuanke 1 Well in the Sichuan Basin. It is the second over 10,000-meter-deep borehole in China after the Shendi Take 1 Well in the Tarim Basin in the Xinjiang Uygur Autonomous Region. Located in......【More】

2023-08-11

LNG Japan joins “giant” natural gas project with $880 million deal with Woodside Energy

(Bloomberg) LNG Japan Corp. agreed a deal worth as much as $880 million for a stake in a giant natural gas project off Australia, a new step to secure supply of a fossil fuel the nation expects to retain a key role in its energy mix. The jo......【More】

2023-08-09

BlackRock appoints Aramco CEO to board amidst ESG debate

(Bloomberg) BlackRock Inc. has named Saudi Aramco Chief Executive Officer Amin Nasser to its board, underscoring the asset managers commitment to the oil industry in the middle of a debate about its role in ESG investing. headshot of Amin N......【More】

2023-07-24

BW Energy begins oil production from third Hibiscus/ Ruche well offshore Gabon

(WO) BW Energy announced that production has safely started from the third well of the Hibiscus / Ruche Phase 1 development in the Dussafu license offshore Gabon. Well performance is in line with expectations, with current production at app......【More】

2023-07-24

Protestors halt production from major Libyan oil field

(Bloomberg) A major oil field in Libya was fully halted as political tensions resurfaced in the nation that sits atop Africas biggest reserves. oil production rig onshore Libya The Sharara deposit in the southwest of the country began halti......【More】

2023-07-17

Tullow begins production from Jubilee South East project offshore Ghana

(WO) Tullow, alongside its joint venture partners Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings, announced the successful start-up of the Jubilee South East (JSE) Project offshore Ghana. Tullows Jubi......【More】

2023-07-17