Tenaris and Subsea 7 have signed an agreement for the supply of pipes and coating services for Bacalhau project, operated by Equinor and located 115 miles off the coast of São Paulo in Brazil. SourceContinue Reading
The cat-and-mouse games that avoid detection and sanctions include ship-to-ship transfers, shell companies and silenced satellite signals. But there’s another aspect to the dodge. It involves “doping” the oil with chemical additives and changing its name in the paperwork so it can be sold as a wholly different crude without a trace of its Venezuelan...Continue Reading
Europe’s three largest oil and gas companies — Total, BP and Royal Dutch Shell — all announced plans last year to eliminate most greenhouse gas emissions from their operations and the fuels they sell in the coming decades. It marked a turning point for the petroleum industry in the region, and heightened its divergence from...Continue Reading
The billionaire’s SpaceX intends to drill wells close to the company’s Boca Chica launchpad, it was revealed during a Friday hearing before the Railroad Commission of Texas, the state’s energy regulator. SourceContinue Reading
Iraq pledged to cut output in January and February after pumping more than its OPEC+ quota last year, and Libyan guards halted some crude exports after a pay dispute. Crude was also buoyed by a renewed climb in global equity markets as investors focused on the prospect of additional stimulus. SourceContinue Reading
President Biden’s focus on fiscal spending, a probable lack of urgency in lifting sanctions on Iran and restrictions on the North American energy industry all combine to support oil prices, Goldman Sachs analysts wrote in a note dated Jan. 21. SourceContinue Reading
Iraq plans to cut oil output in January and February to make up for breaching its OPEC+ quota last year, according to the state company that markets the nation’s crude. SourceContinue Reading
On his first day in office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline and suspended new drilling permits over the next 60 days. Next week, Biden will go even further: suspending the sale of oil and gas leases on federal land, where the U.S. gets 10%...Continue Reading
As chairman of the U.S. Federal Energy Regulatory Commission, Richard Glick can push for more comprehensive environmental reviews and prioritize projects to pave the way for more of the wind and solar farms key to Biden’s 2035 clean energy targets. SourceContinue Reading
