Strong spring floods have shut down one refinery in Russia as they compromised a dam in the area forcing the evacuation of thousands, the BBC has reported, citing Russian government officials. Russian media report that the dam breach had sunk the old part of the city of Orsk and the …
Read More »Exxon’s Expanded UK Refinery to Supply First Diesel in Early 2025
While other international majors are closing down refineries or converting them to biofuel production, ExxonMobil is expanding its UK site and will start delivering diesel from the expanded Fawley refinery in early 2025. ExxonMobil is investing $1 billion (£800 million) in the main construction phase of a new low-sulfur diesel …
Read More »Egypt to Import more LNG over next Four Months to Ensure Summer Supply
Egypt aims to buy more liquefied natural gas shipments over the next four months as the nation aims to avoid a repeat of last year’s chronic blackouts. Egyptian Natural Gas Holding Co. is currently aiming to import at least one shipment a month through July or August, according to people …
Read More »Oil Prices Drop on Hopes of Easing Middle East Tensions
Oil prices fell in early Monday trading, after Israel withdrew some soldiers from Gaza amid renewed ceasefire talks, defusing some tension in the Middle East ahead of the Eid Al Fitr holiday. Brent, the benchmark for two thirds of the world’s oil, was down 1.16 per cent at $90.11 a …
Read More »China’s First Geothermal Scientific Exploration Well to Reach 5,200 Meters Deep
China’s first ultra-deep geothermal scientific exploration well, Fushenre-1, is anticipated to reach a subterranean depth of 5,200 meters on Monday, setting a new record for the deepest geothermal exploration well in the country, China Media Group reports. The well’s drilling project is led by Sinopec, one of China’s largest oil …
Read More »TotalEnergies Expands its Natural Gas Production in Texas
TotalEnergies has agreed to acquire the 20% interest held by Lewis Energy Group in the Dorado leases operated by EOG Resources (80%) in the Eagle Ford shale gas play, increasing its natural gas production capacity in Texas and further strengthening its business integration in the U.S. LNG value chain. TotalEnergies …
Read More »Conflicts could Put West Africa’s Oil Supply at Risk
African and Western officials are concerned that the conflicts and coups in the Sahel region could spill over to the coast of West Africa, which hosts several major oil production projects and export terminals. Since 2020, there have been military coups in Burkina Faso, Mali, and Niger, while violence from …
Read More »Saudi Aramco Suspends Two Oil Contractors
Aramco has served notices of temporary suspension to two oilfield service contractors, Zawya has reported, citing the companies. According to one of them, Borr Drilling Limited, the suspension will begin this month and last for a year, the report said. Borr Drilling operates the Arabia I rig in Saudi Arabia …
Read More »Kazakhstan, Japan Explore Nuclear Energy Cooperation for Peaceful Purposes
The Kazakh delegation visited Japan in order to expand cooperation between the countries in the field of peaceful uses of nuclear energy from April 1 to April 5, 2024, Trend reports, citing the Energy Ministry of Kazakhstan. The Kazakh delegation included representatives of the Ministry of Energy, the Ministry of …
Read More »Gazprom Neft to Meet OPEC+ April Quota by End of Month
Gazprom Neft will meet the April quota of the OPEC+ on oil production cuts by the end of the month, CEO Alexander Dyukov told reporters, Azernews reports, citing TASS. “The Ministry of Energy traditionally communicates the quota to us; we perform it. We plan to achieve required volumes of production …
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