Chevron announced that non-essential employees and contractors have been pulled from four platforms in the US Gulf of Mexico ahead of a tropical storm expected to hit the region in just a few days.  Bloomberg said Chevron workers from the Anchor, Big Foot, Jack/St. Malo, and Tahiti installations have been evacuated, noting that production in the...Continue Reading

Iran’s Missile Diplomacy Raises Stakes in Russia-Ukraine Conflict | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Sep 09, 2024, 12:00 PM CDT The EU expressed concern...Continue Reading

The UK government’s newly announced proposal to grant carbon dioxide transport and storage licenses to Liverpool Bay CCS Limited (Hynet) and Net Zero North Sea Storage Limited – the East Coast Cluster round Humberside and Teesside as been welcomed by the country’s largest offshore trade group. SourceContinue Reading

The four new contracts encompass four heavy-size helicopters Sikorsky S-92A to support Petrobras in the pre-salt Santos basin. CHC will provide crew change flights to over 60 offshore units operated by Petrobras and its partners from Jacarepaguá and Maricá airports, located at Rio de Janeiro estate, Brazil. SourceContinue Reading

The first MoU focused on the expansion of Eni and SOCAR’s cooperation on oil and gas exploration and production, with the aim of strengthening the energy security of Europe, and Italy in particular. A second MoU envisages the cooperation of Eni and SOCAR to reduce greenhouse gas emissions and improve energy efficiency in the upstream...Continue Reading

Oil Giants Evacuate Gulf of Mexico Platforms Ahead of Developing Hurricane | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Sep 09, 2024, 11:30 AM CDT Oil and gas giants Chevron Corp. (NYSE:CVX), Exxon Mobil Corp. (NYSE:XOM) and Shell...Continue Reading

China’s Energy Transition Is Slowing Its Oil Demand Growth | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 09, 2024, 10:30 AM CDT China’s oil demand growth has been slowing down due to weaker economic performance and a shift to electric vehicles and LNG-fueled trucks,...Continue Reading

Libyan Oil Shutdown Pushes Up U.S. Grades | 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 – Sep 09, 2024, 10:18 AM CDT The Libya supply outage is propping up several light crude oil grades. U.S. WTI Midland crude could...Continue Reading

Gunvor Expands Its Crude Oil Trading With U.S. Volumes | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 09, 2024, 9:30 AM CDT Gunvor Group, one of the world’s biggest independent oil traders, traded a record volume of crude oil and petroleum products in the...Continue Reading

Oil Trading Giant Trafigura Sees Brent Falling Below $70 Soon | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Sep 09, 2024, 8:51 AM CDT Trafigura expects Brent oil prices to fall into the $60 per barrel range in the near future, although warns traders to...Continue Reading