U.S. crude oil production is forecast to rise more than previously thought in 2023, while global oil inventories are expected to fall after Saudi Arabia extended output cuts this month, the Energy Information Administration said on Tuesday.U…
U.S.-based oil company Hess said Wednesday it had made an oil discovery at the Pickerel-1 exploration well in the U.S. Gulf of Mexico.The well is located in Mississippi Canyon Block 727, where Hess holds a 100% stake.The well encountered approximately 90 feet of net pay in high quality…
Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said on Wednesday, following a partial outage on July 12 due to a lightning strike near the plant. Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…
Equinor has evacuated some staff and reduced output at its Mongstad oil refinery on Norway's west coast after a lightning strike near the plant disrupted power supplies, it said on Wednesday.Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…
“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July…
Top U.S. Gulf of Mexico oil producer Shell on Thursday said its Olympus production platform in the U.S. Gulf of Mexico is offline for planned maintenance.The work started a week ago on Wednesday, June 7, and is expected to last 14 days, Shell said…
Norway's crude oil and gas output declined in April from the previous month, with gas output exceeding the official forecast slightly, Norwegian Petroleum Directorate (NPD) said on Tuesday. Crude oil output edged lower to 1.81 million barrels per day (bpd) in April from 1…
Vietnam's state oil firm PetroVietnam said on Monday its crude oil output was 2.6 million tonnes in the first quarter this year, 12.6% higher than its target.The figure, however, is lower than the company's crude oil output of 2.74 million tonnes in the same period last year…
Norway's crude oil output grew slightly in February from January but lagged an official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output was 1.78 million barrels per day (bpd) against 1…
Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…
Norway's crude oil output slipped in January from the previous month, missing official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output eased to 1.75 million barrels per day (bpd) in January from 1…
Norway's crude oil output rose in December from the previous month, but lagged the official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output rose to 1.77 million barrels per day (bpd) in December…
President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap. The Group of Seven major powers…
Japan's Cosmo Energy Holdings Co Ltd said on Friday it has signed a new agreement with Qatar Energy to continue its operation in the Al-Karkara and A-Structures offshore oil fields, which came into effect after the expiry of the current contract this month…
Norway's crude oil and gas output fell in November from the previous month, lagging official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output fell to 1.74 million barrels per day (bpd) in November…