The move would have allowed Ecopetrol to add around 50,000 bpd, “providing much-needed growth visibility outside of Colombia,” Bloomberg Intelligence analyst Will Hares wrote in a note. BTG Pactual estimated it would expand Ecopetrol’s reserves by 11%. SourceContinue Reading
The companies agreed other contractors could finish work on Golden Pass last month, paving the way for a restart after several setbacks this year. The new schedule means the 18 million-metric-ton-a-year facility, one of the country’s biggest, will begin operations about six months later than the previous plan, Exxon Chief Financial Officer Kathy Mikells said...Continue Reading
Shell is the last of the European majors to report their results and, like its peers, the company’s profits were underpinned by crude prices that averaged about $85 a barrel during the second quarter. These strong upstream earnings helped to offset weakness elsewhere, notably in refining and natural gas trading. SourceContinue Reading
The regional roll-out has been agreed following successful field trials of the system on bp’s Clair Ridge platform and has been adopted to ensure safer Red Zone management for various hazardous operations. It is the first time the technology has been used for well interventions. SourceContinue Reading
Occidental Petroleum and Ecopetrol to Drill World’s Deepest Offshore Oil Well | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Aug 04, 2024, 4:00 PM CDT Occidental Petroleum and Ecopetrol plan to drill Komodo-1, the world’s deepest offshore oil...Continue Reading
Predicting Peak Oil: Exploring the Evolution of Global Demand | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 04, 2024, 12:00 PM CDT Global oil demand is projected to increase by 17% between 2022 and 2045. Despite investments in clean energy, large...Continue Reading
The Rise of Renewable Energy Has Made Cybersecurity More Critical Than Ever | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Aug 04, 2024, 10:00 AM CDT The...Continue Reading
Weak Buying from Top Users Drags Asia’s Oil Imports To Two-Year Low | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. More Info Premium Content By Tsvetana Paraskova – Aug 03, 2024, 6:00 PM CDT Asia’s crude oil imports...Continue Reading
