The 2020 ADIPEC conference, traditionally held in Abu Dhabi, is being conducted virtually this year. From oil price and demand projections to green energy outlooks, following are highlights from Tuesday’s proceedings. SourceContinue Reading

The Texas Railroad Commission’s action made changes to the application for flaring exceptions, reducing exception time and providing incentives to use technical alternatives to gas flaring. SourceContinue Reading

Various indicators of oil-market strength firmed following news that a vaccine being developed by Pfizer Inc. and BioNTech SE prevented more than 90% of symptomatic infections in a large-scale study. SourceContinue Reading

While headline crude prices notched up percentage gains into the double digits on Monday, there was a broader- based surge in everything from jet fuel premiums, down to more arcane measures that traders use to gauge the health of the oil market. SourceContinue Reading

Oman is seeking to raise money off the back of its largest oil block, as the cash-strapped Gulf nation looks for new ways to tame its budget deficit and steady a reeling economy. SourceContinue Reading

The monthly Oilfield Services and Equipment Employment Report, compiled and published by PESA, estimates job losses due to pandemic-related demand destruction now total 92,302. OFS employment is down 101,087 jobs since October 2019. SourceContinue Reading

Three platforms Tern, Cormorant Alpha and Harding will initially use the AI predictive analytics technology, with an option to add a fourth platform, North Cormorant once sensors and communications are installed. SourceContinue Reading

Optimism comes despite a renewed expansion in Libyan supply. Production topped 1 million barrels a day over the weekend, compounding the headache for OPEC and its allies as they prepare to meet at the end of the month to discuss output policy. SourceContinue Reading

Libya’s resurgence — it was producing less than 100,000 barrels a day in early September — has taken oil traders by surprise and weakened prices just as renewed coronavirus lockdowns in Europe and accelerating cases in the U.S. stifle energy use. SourceContinue Reading

Alexander Novak, 49, has represented Russia in talks with the Organization of Petroleum Exporting Countries, helping to forge historic links with the cartel, and will continue to be responsible for that relationship, said a government official familiar with the situation. SourceContinue Reading