Thursday, June 20, 2019

Oil & Gas News

An energy-from-waste (EfW) power plant, which was built by renewable energy firm New Horizons Energy Ltd. and gas company Afrox, was inaugurated for operation in Athlone, South Africa.This new plant was specifically designed to create usable biomethane from organic...
As part of the agreement it signed with the Organization of the Petroleum Exporting Countries (OPEC) in October 2016, Saudi Arabia has reduced oil production by 486,000 barrels per day, stabilizing oil prices at above $50 per barrel. Now,...
TechSci Research, a trusted source of market reports, has projected growth in the subsea umbilicals, risers, and flowlines or SURF market through 2021. This is driven by the maturing onshore fields, surging energy demand, and increasing offshore hydrocarbon exploration...
Fuel prices in the US, especially for gasoline and natural gas, are expected to go up this 2017, according to the first short-term outlook by the Energy Information Administration (EIA).The new forecast indicates that crude oil prices in the...

Most Read

Oil falls on worries that Iran and Iraq will sabotage OPEC...

Iran and Iraq quotas punted until Nov 30 meetingPositive murmurs from the OPEC technical meetings in Vienna yesterday sent oil 4% higher but fresh...
seafarers in the Norwegian Sea

Statoil Has Made a New Oil Discovery in the Norwegian Sea

Just recently, Statoil said that it has made an oil discovery five kilometers northwest of the Norne field in the Norwegian Sea. It also...
BP Service Station

BP and Woolworths $1.3 Billion Partnership for Australian Gas Stations

BP will be establishing a strategic partnership with Woolworths, one of Australia’s largest supermarket retailers.  The agreement includes BP acquiring, rebranding and operating Woolworths’...

BP Boss Bob Dudley Says Firm Will Double North Sea Production,...

BP’s top boss said the oil major would double its North Sea production as he hailed the region as one of the company’s “crown...
Oil Rig Late Evening

Oil Climbs to 17-Month High On Saudi Pledge, non-OPEC Output Cut

Oil advanced to the highest since July 2015 after Saudi Arabia signalled it’s ready to cut output more than earlier agreed and non-OPEC countries...