OPEC Lifts October Production Ahead of Planned Production Hikes | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Nov 01, 2024, 10:32 AM CDT Bloomberg survey: OPEC production rose by 370,000 bpd...Continue Reading

Shell Brasil announced the start of production of the Mero-3 FPSO facility in the Mero field, in the pre-salt area of the Santos Basin, offshore Brazil. The FPSO has an operational capacity of 180,000 bopd. SourceContinue Reading

Halliburton has announced the addition of SandTrap® XL to its sand consolidation portfolio. This latest innovation addresses the industry’s challenge of excessive sand production with a low-viscosity resin system. Activated externally, it enables solids control over large intervals. SourceContinue Reading

Cap-and-Trade Showdown: Will U.S. Voters Pull the Plug? | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Premium Content By Julianne Geiger – Nov 01, 2024, 10:00 AM CDT Voters could axe the cap-and-invest program that’s raised over...Continue Reading

Petrofac has been awarded a multi-million-dollar, two-year contract by Bapco Upstream. Petrofac will support Bapco’s production plans to meet gas demands for Bahrain through the delivery of well hook-ups, associated pipelines and tie-ins for several new wells within the Bahrain Field. SourceContinue Reading

Exxon Completes Sale of French Refinery to Trafigura-Led Buyer | 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 Related News By Tsvetana Paraskova – Nov 01, 2024, 9:30 AM CDT ExxonMobil has completed the sale of the...Continue Reading

Oil Markets on Edge After a Volatile Week | OilPrice.com Michael Kern Michael Kern is a newswriter and editor at Safehaven.com and Oilprice.com,  More Info Premium Content By Michael Kern – Nov 01, 2024, 9:13 AM CDT Oil markets are on edge at the end of what has been a very volatile week for both...Continue Reading

Big Oil Needs to Borrow to Cover Dividends and Share Buybacks | OilPrice.com Premium Content By Editorial Dept – Nov 01, 2024, 8:36 AM CDT Big Oil Needs to Borrow to Finance Own Share Buybacks – Oil majors have been reporting lower Q3 profits, suggesting that the era of windfall revenues is coming to an...Continue Reading

Oil Prices Volatility Spikes as Demand Concerns Clash With Geopolitics | OilPrice.com Premium Content By Editorial Dept – Nov 01, 2024, 8:30 AM CDT Volatility in the Light Crude Oil Market: A Week in Review This week, crude oil (WTI) prices experienced substantial volatility, with light crude gapping sharply lower on Monday before clawing back...Continue Reading

By Editorial Dept – Nov 01, 2024, 8:30 AM CDT World War III is a proxy war, almost in its entirety. And Russia’s proxies are no longer simply its “non-state” (formerly Wagner) mercenaries, which Putin now fully controls. Now, it’s North Korea, which is desperate for the leverage it can win by being one of...Continue Reading