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World Oil News
WGC2022 will unite the entire gas supply chain hosting 12,000+ attendees and 350 exhibitors, representing 500 companies from more than 90 countries, and generating top headlines from international press present at this high-profile event. Source
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The International Association of Oil and Gas Producers (IOGP) welcomes Iman Hill as its new Executive Director effective today. She is succeeding Gordon Ballard, who will step down at the end of the year, following his five-year tenure. Source
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These projects encompass approximately 2,895 square kilometers in Major, Woods and Blaine counties in the Anadarko Basin. Historical production in this area comes from stacked pay horizons ranging from the Ordovician Arbuckle to the Pennsylvanian Marmaton Group. Source
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Iranian legislators gave Washington a month to comply with their demands to remove penalties for dealing with Iran’s oil and banking industries. They toughened the original terms of the bill, which had called for a three-month window, after the assassination of a top Iranian nuclear scientist last week. Source
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While PDVSA’s internal documents show vessels like Vinland, Pacific Cape and Vision loading at the port of Jose, these vessels are not operational. Data show that they were sent to the scrapyard months prior to the scheduled loading dates in Venezuela. Source
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OPEC ministers met on Monday and had been scheduled to talk to their non-OPEC partners on Tuesday. At one point, there had appeared to be a consensus building between ministers yesterday, but the meeting then became unusually fraught. Source
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Minnesota approved the stormwater pollution plan for Enbridge’s Line 3 pipeline replacement and expansion, the project’s last pending permit, the company said. Construction is expected to take six to nine months on a line that will add 370,000 barrels a day of capacity. Source
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OPEC+ ministers will now meet on Thursday rather than Tuesday to allow more time to deliberate on whether to delay a planned increase in output from January. Source
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Exxon disclosed it will write down the value of North and South American natural gas fields by $17 billion to $20 billion as cratering crude prices, a global supply glut and a pandemic-driven collapse in fuel sales strain the balance sheet. Source
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The 23-nation coalition is debating whether to maintain the output cuts at current levels, deferring the increase scheduled for January. Some members are concerned that global markets remain too fragile to absorb additional barrels — particularly after Libya’s output soared — while others are keen to sell more crude. Source
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