Sinopec, China’s Petroleum & Chemical Corporation, has successfully obtained ISO’s approval for the Technical Specifications for Multi-element Thermal Composite Flooding of Heavy Oil proposed by academician Sun Huanquan’s team. SourceContinue Reading

Norway Wants to Scrap EU Power Links amid Surging Prices | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 12, 2024, 10:30 AM CST Norway’s ruling party and the opposition party leading in the polls ahead of next year’s election plan to campaign for cutting...Continue Reading

Shell Offshore has announced a Final Investment Decision (FID) on the Phase 3 Silvertip project, which will deliver two wells to boost production at the Shell-operated Perdido spar in the U.S. Gulf of Mexico (GoM). SourceContinue Reading

TechnipFMC has been given full notice to proceed with the previously announced contract for the first all-electric integrated project by the Northern Endurance Partnership (NEP), a joint venture between bp, Equinor, and TotalEnergies. SourceContinue Reading

China’s Drone Restrictions Deal Blow to Ukraine’s War Effort | 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 – Dec 12, 2024, 10:00 AM CST China has restricted...Continue Reading

SLB has announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field. SourceContinue Reading

Subsea resourcing specialist DRIFT Offshore has entered a partnership with Norwegian ROV specialist Kystdesign to strengthen the service offering of both businesses. SourceContinue Reading

An independent Texas oil and gas producer is striking back against a group of insurance companies, which are seeking $250 million in collateral beyond what the oil company has already contracted for bonds backing its production activities. SourceContinue Reading

Refinery Closures Could Lift Global Diesel Prices in 2025 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 12, 2024, 9:30 AM CST Diesel prices are set to rise next year from the currently depressed levels as several refineries in developed countries are scheduled to...Continue Reading

IEA Sees Large Oil Glut in 2025 Despite OPEC+ Delay to Supply Hike | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Dec 12, 2024, 9:00 AM CST The IEA forecasts a global oil surplus of 950,000 bpd in 2025, even if OPEC+ maintains its current...Continue Reading