All articles by Hemanth Kumar

Hemanth Kumar

Must-know facts about fossil fuels: production, consumption and climate change trends

Fossil fuels are the world’s most abundant and widely used energy sources. Despite the increased production and use of environmentally friendly renewable sources, fossil fuels continue to be critical to meet the world’s energy needs.

The leading causes of drilling rig disasters

Rig explosions, fires, capsizing/sinking, oil spills, and the loss of workers and marine lives have been the most catastrophic forms of offshore oil and gas drilling disasters in recorded history. Investigational reports on some of the world’s worst offshore oil rig disasters suggest that most of these accidents could have been avoided. Offshore Technology lists some of the leading causes of drilling rig disasters.

Largest refining companies in the world

The refining industry is undergoing transition due to new International Maritime Organisation (IMO) low-sulphur shipping fuel specification that came into effect in January 2020. Offshore Technology lists the ten largest refining companies in the world, based on their crude refining capacities per day in 2019.

Top ten oil and gas companies in 2020

Global oil and gas majors are experiencing unprecedented disruption due to historic crude oil price slump and collapse in global demand caused by the ongoing COVID-19 pandemic in 2020.

Oil prices soar on doubts over Saudi crude supply

Oil prices have gained more than 1% on doubts over how quickly Saudi Arabia can get back to full crude oil production after drone attacks on the country’s oil plants earlier this month.

Premier Oil initiates sale of interest in Zama offshore discovery

Premier Oil has launched a formal sales process for the sale of its interest in the Zama field offshore Mexico as the company aims to further reduce its debt burden.

Oil prices recover marginally ahead of Federal Reserve chair speech

Oil prices have increased slightly as tightness in supplies outweighed slowing demand growth ahead of Federal Reserve chairperson Jerome Powell’s speech on monetary policy.

Oil prices recover, but could face biggest weekly losses in 2019

Oil prices have rebounded after posting losses for two consecutive sessions, but are on course to post their biggest weekly losses in 2019 as a result of surging crude stockpiles and economic growth worries.

Oil prices continue to decline as US crude inventories rise

Oil prices have continued to decline under pressure from rising US crude inventories as demand was offset by ample supply and weak refinery data.

Brazil’s Petrobras to exercise right in TOR auction in two areas

Brazil’s Petrobras has announced interest in exercising its pre-emption right to participate in the bidding round for surplus oil from the Transfer of Rights (TOR) area.