To tap some of these new consumers, parent company ADNOC is building a new plant at Ruwais that will more than double the UAE’s LNG export capacity when it starts operating in 2028. Oman and Qatar are also expanding their LNG production facilities. SourceContinue Reading
Is a U.S. Refining Cartel Emerging? Major Players Slash Production | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 12, 2024, 4:00 PM CDT Major US refiners, including Marathon Petroleum, are significantly reducing their refining capacity due to concerns about a global...Continue Reading
Central Asian Leaders Optimistic About Expanding Regional Trade | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Aug 12, 2024, 3:00 PM CDT Central Asian leaders expressed optimism about...Continue Reading
EIA Reports Unexpected Rise in Oil Reserves for Public U.S. Companies | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com, More Info Related News By Michael Kern – Aug 12, 2024, 2:41 PM CDT The Energy Information Administration (EIA) reported on Monday that publicly traded oil and gas companies...Continue Reading
McDermott will design, procure, fabricate, hook up and commission a platform and jacket. The company will also provide design, installation, and commissioning services for a 32-inch gas pipeline that will connect the platform to a gas processing facility operated by Shell. SourceContinue Reading
Nickel Prices Plummet as Stainless Steel Demand Remains Weak | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Aug 12, 2024, 2:00 PM CDT Nickel prices fell...Continue Reading
Gran Tierra has successfully drilled five exploration wells in Ecuador, each leading to an oil discovery. Three of these five wells are drawing medium to light hydrocarbons from distinct geological zones, highlighting the exceptional potential of the Oriente and Putumayo basins and the significant exploration opportunities that remain within both the Charapa and Chanangue Blocks....Continue Reading
Shale accounted for 52% of YPF’s second-quarter production of the equivalent of 539,000 bopd, up from 45% in the same period last year. Industry plans that it’s spearheading for a new shale oil pipeline are also accelerating, with drillers already negotiating to fill two thirds of capacity. SourceContinue Reading
Deep Sea Mining Threatens Newly Discovered Dark Oxygen | OilPrice.com Kurt Cobb Kurt Cobb is a freelance writer and communications consultant who writes frequently about energy and environment. His work has also appeared in The Christian Science… More Info Premium Content By Kurt Cobb – Aug 12, 2024, 1:00 PM CDT Scientists have discovered a...Continue Reading
Chevron Unveils Game-Changing Deepwater Tech for High-Pressure Reservoirs | OilPrice.com Josh Owens Josh Owens is the Content Director at Oilprice.com. An International Relations and Politics graduate from the University of Edinburgh, Josh specialized in Middle East and… More Info Related News By Josh Owens – Aug 12, 2024, 12:30 PM CDT Chevron Corporation (NYSE: NYSE:CVX)...Continue Reading
