Industry News

Japan's Mizuho Invests $3.64MM in Bison's CCS Project in Alberta

Industry News - Mon, 2024-04-15 01:20
Bison's Meadowbrook CCS Hub project, located near Edmonton, Alberta, aims to develop a world-scale storage operation with a capacity of three million tons of CO2 per annum.

Trafigura Makes Management Changes as Long-Serving Members Retire

Industry News - Sun, 2024-04-14 07:00
Global commodities player Trafigura will see two of its long-serving high-ranking officials depart this year.

Petrobras Chairman Suspended

Industry News - Sat, 2024-04-13 07:00
A court suspended Petroleo Brasileiro SA's government-appointed chairman for alleged conflicts of interest.

USA, Venezuela Secretly Meet in Mexico as Oil Sanctions Deadline Nears

Industry News - Fri, 2024-04-12 16:00
U.S. officials met secretly this week with members of Venezuelan President Nicolás Maduro's administration.

Oil Rises as Israel Braces for Iranian Attack

Industry News - Fri, 2024-04-12 14:49
Oil rose as Israel braced for a possible attack from Iran, a development that would threaten major disruptions in a region that accounts for a third of the world's crude output.

Macquarie Strategists Warn of Large Oil Price Correction

Industry News - Fri, 2024-04-12 10:12
Macquarie strategists said they 'expect oil to turn bearish as the year progresses'.

Energean Completes Chariot Morocco Farm-In

Industry News - Fri, 2024-04-12 09:35
Energean has completed a farm-in to Chariot Limited's acreage offshore Morocco.

Canadian Green H2 Project Gets Environmental Green Light

Industry News - Fri, 2024-04-12 09:00
Project Nujio'qonik will be Canada's first commercial green hydrogen/ammonia producer created from over three gigawatts of renewable electricity through wind projects.

Biden Plans Sweeping Effort to Block Arctic Oil Drilling

Industry News - Fri, 2024-04-12 06:22
The initiative, set to be finalized within days, marks one of the most sweeping efforts yet by Biden to limit oil and gas exploration on federal lands.

BLS Flags Gasoline Role in March Consumer Price Index

Industry News - Fri, 2024-04-12 06:21
'The index for shelter rose in March, as did the index for gasoline'.

Colombia's GeoPark to Acquire Stakes in Argentina's Neuquen Basin

Industry News - Fri, 2024-04-12 03:57
The agreed acquisition price is around $200 million, plus an additional carry of $110 to 120 million over a two-year period, associated with certain exploration activities.

EIR Says Oil Demand Will Not Peak Before 2030

Industry News - Fri, 2024-04-12 03:56
'EIR expects global oil demand to grow to approximately 108 million barrels per day by 2030'.

Bayou Bend CCS Taps Sulmara for Geo Survey

Industry News - Fri, 2024-04-12 03:22
'The quality of the data gathered is some of the best we've seen from a USV'.

IEA Warns Attacks on Russia Refineries May Disrupt Diesel Market

Industry News - Fri, 2024-04-12 03:22
Ukrainian drones have ramped up attacks on Russia's oil industry this year in an attempt to disrupt fuel supplies to the military and curb the Kremlin's revenue.

Woodside Reconsiders Sale of Macedon, Pyrenees Assets

Industry News - Fri, 2024-04-12 02:25
The Australian integrated energy company started a process in the second half of 2023 to consider the potential for divestment of its interests in the assets.

Exxon CEO Pay Climbed 2.8 Percent to $36.9MM Last Year on Pension

Industry News - Thu, 2024-04-11 16:00
Exxon Mobil Corp. Chief Executive Officer Darren Woods' pay climbed 2.8 percent to $36.9 million last year.

Oil Falls as Surging Stockpiles Outweigh Iran Risk

Industry News - Thu, 2024-04-11 15:00
Oil gave up the previous day's gains as swelling US stockpiles overshadowed the possibility of an attack on Israel by Iran or its proxies.

APA Corporation Shuffles Management Following Callon Acquisition

Industry News - Thu, 2024-04-11 12:00
APA Corporation has made changes to its executive leadership team.

USA Crude Oil Stocks Rise Almost 6MM Barrels WoW

Industry News - Thu, 2024-04-11 10:04
U.S. crude oil stocks stood at 457.3 million barrels on April 5, the EIA revealed.

KCA Deutag Scores $204MM Worth of Drilling Contracts

Industry News - Thu, 2024-04-11 09:11
KCA Deutag has secured contracts worth $204 million in its key and core markets.

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