UAE’s Oil Giant Launches $80-Billion Chemicals and Green Energy Firm | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 27, 2024, 10:30 AM CST Abu Dhabi’s oil company ADNOC is launching a new firm, XRG, which will be an international lower-carbon energy and chemicals investment...Continue Reading

Enverus Intelligence® Research (EIR), a subsidiary of Enverus, has released its annual Montney and Duvernay Play Fundamentals that examines recent drilling trends, well inventory counts and associated economics within both Canadian plays. SourceContinue Reading

Empire Petroleum Corporation announced that it has entered into an amendment to its Revolver Loan Agreement with Equity Bank, increasing the total principal commitment to $20.0 million, up from an initial $10.0 million through December 29, 2026. SourceContinue Reading

The African Energy Chamber (AEC) has voiced its support for the inaugural Congo Energy & Investment Forum (CEIF), set to take place in March 2025. This milestone event signals the nation’s commitment to strengthening its role as a key energy player on the continent. SourceContinue Reading

(Bloomberg) – Suncor Energy Inc.’s crude output from wells in Alberta rose to a record in October on gains at the Firebag oil sands site, which the producer’s chief executive has called a “rock star” operation. SourceContinue Reading

McDermott has received the ISO 50001 certification for energy management at four of its major fabrication yards. These certified yards are integral to McDermott’s engineering, procurement, construction, and installation (EPCI) services, enabling major offshore and onshore projects worldwide. SourceContinue Reading

Crude oil prices moved higher today, after the U.S. Energy Information Administration reported an inventory draw of 1.8 million barrels for the week to November 22. The change compared with a draw of 5.9 million barrels for the reported week as estimated by the American Petroleum Institute. It also followed an estimated inventory build of...Continue Reading

Russia’s Fuel Exports Jump to 8-Month High | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 27, 2024, 9:30 AM CST Following the end of autumn maintenance season at refineries, Russia’s shipments of refined petroleum products have surged so far in November to their highest...Continue Reading

Russia’s Shadow Fleet Has Moved Its Oil Smuggling Operations to New Waters | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Nov 27, 2024, 9:00 AM CST Russia’s shadow fleet has moved its ship-to-ship transfers to the Aegean Sea to avoid detection and...Continue Reading

Goldman Sachs: OPEC+ Cuts Provide Near-Term Upside to Oil Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Nov 27, 2024, 8:30 AM CST The ongoing OPEC+ oil production cuts and the improved compliance with quotas from some producers are supporting Brent Crude, offering a...Continue Reading