Industry News

Trudeau's Oil-Emissions Cut to Test Industry's Climate Resolve

Industry News - Sat, 2023-12-09 06:00
Canada's plan to limit emissions from the oil and gas industry is set to test the sector's resolve in tackling climate change.

Chevron Faces New Risk in Venezuela as Maduro Threatens Guyana

Industry News - Fri, 2023-12-08 15:00
After playing the long game in Venezuela, home to the world's largest oil reserves, Chevron Corp. is being tested again.

Oil Rises Friday, but Posts Longest Weekly Losing Streak in Five Years

Industry News - Fri, 2023-12-08 14:36
Oil bounced back on a stronger-than-expected US jobs report and plans to refill the Strategic Petroleum Reserve on Friday, but still closed out the longest weekly losing streak since late 2018 amid concern about an impending global glut.

Altagas Allots $880MM for 2024 CAPEX, Ups Midstream Allocation

Industry News - Fri, 2023-12-08 13:00
Altagas is allocating approximately 58 percent of its consolidated 2024 capital to its Utilities business and approximately 36 percent to the Midstream business.

US Industry Group Backs Pipeline Safety Bill

Industry News - Fri, 2023-12-08 11:30
INGAA expressed support for proposed legislation that would toughen safety and disclosure standards for energy pipelines.

ERCOT Deploys Additional Weatherization Inspectors

Industry News - Fri, 2023-12-08 10:14
'A new group of weatherization inspectors have completed the Certified Weatherization Inspector program and will immediately be deployed into the field'.

Shadow Fleet Oil Tanker Runs Aground Near Singapore

Industry News - Fri, 2023-12-08 08:00
An oil tanker ran aground in Indonesian waters, close to the maritime hub of Singapore.

Atlantic Basin Saw 20 Named Storms in 2023

Industry News - Fri, 2023-12-08 06:03
'Hurricane Idalia was the only U.S. landfalling hurricane in 2023'.

B&H National Nabbed for Aiding High-Profile Russian Oil Smuggler

Industry News - Fri, 2023-12-08 04:36
A US court charged a Bosnia and Herzegovina citizen on suspicion of aiding the escape of a Putin ally who led an oil smuggling scheme.

Invictus Makes First Discovery in Zimbabwe

Industry News - Fri, 2023-12-08 04:31
Invictus hit commercial gas volumes at the Cabora Bassa basin's Mukuyu 2 well.

NOCs Face Mounting Pressure to Clean Up Operations

Industry News - Fri, 2023-12-08 03:58
'Historically, NOCs have tended to avoid the scrutiny faced by publicly listed companies'.

Athabasca Allots $129MM CAPEX for 2024

Industry News - Fri, 2023-12-08 02:27
Activity will be focused on completing the expansion project at Leismer, sustaining capital at Hangingstone, and three Duvernay pads at Kaybob.

Gate Energy Bags Commissioning Contract for Woodside's Trion FPU

Industry News - Fri, 2023-12-08 01:57
Gate's scope includes pre-commissioning and commissioning planning and execution at HHI's fabrication yard in Ulsan, South Korea.

China Oil Demand Set to Cool Off on Fading Pandemic Push Factors

Industry News - Fri, 2023-12-08 01:30
'Next year, growth will be returning to the normal trajectory with pandemic factors fading'.

Nigeria's NNPC Inks Deals for Domestic, International LNG

Industry News - Fri, 2023-12-08 01:22
The two projects have 'enormous impact all over the country because they are central to the commercialization of Nigeria's abundant gas resources".

Powell Industries Closes Out Record Year

Industry News - Fri, 2023-12-08 01:08
Powell Industries had $54.5 million in net income for fiscal year 2023.

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