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World Oil News
This year, the number of new petroleum-engineering graduates in the U.S. is expected to total about 400 — an 83% decline from 2017, when they peaked at more than 2,300. Source
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The heart of the U.S. physical oil markets is screaming for supplies even as headline prices swing due to worries about a global recession. Source
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In response to high interest from submitting authors, the new deadline to submit abstracts is August 8, 2022. The Congress will take place from September 17-21, 2023, in Calgary, Alberta. Source
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Trelleborg Sealing Solutions launches its interactive Variseal® Oil & Gas Seal Selector, an online configuration tool to provide customers with technical proposal specifications for high-performance sealing. Source
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These drill bits combine the latest technology with an industry-leading customization process to deliver high-performance, application-specific designs for customers. Source
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Railroad Commission of Texas Chairman Wayne Christian applauds the Texas oil and gas industry following the Texas Comptroller of Public Accounts’ announcement of record-breaking tax revenues from the industry. Source
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Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. Source
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The U.S. and its allies have discussed trying to cap the price on Russian oil between $40 and about $60 a barrel, according to people familiar with the matter. Source
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Shell Plc has decided to proceed with building Europe’s largest plant producing hydrogen from renewable power as oil majors bet the fuel could be key to cutting carbon emissions. Source
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Chevron Corp. wants more control over the oil it produces in Venezuela, a move that would help the driller boost output and recover debt if the US eases sanctions amid a global fuel crunch. Source
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