Industry News

Goldman Sachs Group Inc. stepped up warnings of tightness in global refining driven by wars in the Middle East and between Moscow and Kyiv.

OPAL Fuels completed a renovation at its recently acquired fueling station in Goshen, California, adding 1.7 million gallons of gasoline equivalent capacity for renewable natural gas and compressed natural gas refueling.

'The OFF-5 block is currently in its first exploration period, and studies are underway to mature the area's hydrocarbon potential'.

Equinor has made a change to its board of directors.

An independent expert opinion found Hemen's 'mandatory offer' for the shares of Northern Ocean Ltd it does not already own 'is not fair from a financial point of view to the shareholders of NOL'.

Asian refiners have increased purchases of Argentinian crude as the Iran war disrupts supply from the Middle East.

U.S. President Donald Trump announced that the U.S. has 'entered into an Agreement with the Country of Venezuela on ... THE BIGGEST OIL DEAL IN WORLD HISTORY!'.

'The immediate bullish force is supply-security uncertainty', Naeem Aslam, CIO at Zaye Capital Markets, said.

'The decline in income was due to a number of non-cash and one-off factors, including foreign exchange differences and assets impairment'.

American forces hit Iranian rocket launchers and the Islamic Republic responded by firing missiles toward Jordan.

'The acquisition of EDGE expands Sapphire's LNG capabilities by adding approximately 200,000 gallons of daily LNG liquefaction capacity through modular equipment currently serving clients in the Southern U.S.'

Venezuela is considering whether it should quit OPEC, according to people familiar with the matter.

Brazil's national oil company is exploring the prospect of exporting liquefied natural gas from its giant offshore fields.

Crude oil stocks, not including the SPR, stood at 428.9 million barrels on August 21, the EIA's latest weekly petroleum status report showed.

'Emerald AI's software platform enables the coordination of AI computing workloads and onsite energy resources with real-time grid conditions'.

The California-based startup said it had successfully completed a demonstration project at a refinery in Thailand for its carbon capture system, which deploys a proprietary potassium-based chemical sorbent through custom designs.

Oil exports from the Persian Gulf have recovered to around two-thirds of pre-war levels, according to Goldman Sachs Group Inc.

'The first three of 92 horizontal wells now being drilled makes all the difference in the world to us', EON CEO Dante Caravaggio said.

BW LPG reported $340.8 million in shipping revenue for the second quarter, up from $230.5 million for the same three-month period last year as a dramatic increase in spot rates offset fewer operating days.

'In the second half of the year, we will spare no effort to increase reserves and production', CNOOC Limited Chairman Zhang Chuanjiang said.