Somalia is one of the few remaining frontier oil and gas exploration territories...
- Sizing up Somalia: a new offshore oil frontier in the making
- Chinese oil refineries run at over 100% capacity amid Covid-19
- Chesapeake Energy files for bankruptcy with $7bn outstanding debt
- UK oil and gas industry announces pathway to reduce emissions
- BP takes hit of up to £14bn as Covid-19 crisis impacts oil demand
Oil prices further improve on expectations of US stimulus package
Global oil prices have further improved riding on hopes of a new Covid-19 related stimulus package from the US to support the local industry.
Geoquip Marine Proudly Supports Dominion Energy in Flagship US Wind Farm Development Project
Leading offshore geotechnical engineering and drilling company Geoquip Marine has secured a contract to work on the development of the Coastal Virginia Offshore Wind (CVOW) commercial project off the coast of Virginia Beach, VA, USA.
Indian petrochemical industry battles demand loss amidst Covid-19 pandemic
India is currently the third largest affected country in the world with more than nine lakh reported COVID-19 cases, only behind the US and Brazil. The first case in the country was reported in Kerala at the end of January 2020 and increased gradually at a slower pace during February-April 2020.
Venezuela’s oil and gas sector in its worst crisis during 2020
Venezuela’s oil and gas sector was already caught on a vicious cycle well before the Covid-19 outbreak created a world economic crisis.
The US leads global liquids storage industry
GlobalData’s latest report, “Global Liquids Storage Industry Outlook to 2024 – Capacity and Capital Expenditure Outlook with Details of All Operating and Planned Terminals” says that the global liquids storage capacity increased from 1,175,206.0 mcm in 2014 to 1,276,127.1 mcm in 2019 at an AAGR of 1.6%.
Equinor selects Norwegian firm Apply to overhaul Statfjord platforms
Equinor has awarded Norwegian engineering company Apply a framework agreement for engineering and installation services on the Statfjord field in the Norwegian part of the North Sea.
ABB to deliver telecommunication services for Yinson’s Anna Nery FPSO
International technology company ABB has signed an agreement with Malaysian firm Yinson to provide electrical, control and telecommunication equipment and services for a new floating production, storage and offloading (FPSO) vessel in the Marlim 2 oil field.
Sizing up Somalia: a new offshore oil frontier in the making
Somalia is one of the few remaining frontier oil and gas exploration territories and the Somalian federal government is promoting its advancement by launching its first ever offshore licensing round. We look at the latest developments.
Chinese oil refineries run at over 100% capacity amid Covid-19
China's state-owned crude oil refineries (Sinopec, PetroChina, CNOOC, and Sinochem) have increased their crude oil refining rates from an average of 76% in May to 80% of capacity in June, as profit margins increase, a survey by energy analysis company S&P Global Platts showed.
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