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World Oil News
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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The industry body for the UK offshore energy industry welcomed the UK Government’s decision to change the Energy Profits Levy in response to concerns from the country’s offshore oil and gas companies. Source
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Shape the future of energy at the 24th World Petroleum Congress 2023 Technical Conference. Abstracts will be accepted if submitted before Thursday, July 7. Source
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OPEC Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the OPEC+ alliance, has died in his native Nigeria. He was 63. Source
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