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  • India approves Numaligarh refinery expansion project January 16, 2019
    Numaligarh Refinery, a group company of Bharat Petroleum, has received clearance to proceed with the long-planned expansion of its 60,250-b/d Numaligarh refinery in the Golaghat district of Assam in far-northeastern India. India’s Cabinet Committee on Economic Affairs on Jan. 16 approved the 225.94 billion-rupee project, which intends to expand crude processing capacity at the refinery by […]
  • EIA: IMO regulations drive up US, global refinery runs January 16, 2019
    Beginning on Jan. 1, 2020, the International Maritime Organization (IMO) is set to enact the Annex VI of the International Convention for the Prevention of Pollution from Ships (MARPOL Convention), which lowers the maximum sulfur content of marine fuel oil used in ocean-going vessels from 3.5% to 0.5%.
  • EIA expects modest global oil inventory builds in 2019-20 January 16, 2019
    Global liquid fuels production will average 101.8 million b/d in 2019 and 103.5 million b/d in 2020, and consumption will average 101.5 million b/d in 2019 and 103.1 million b/d in 2020, which will contribute to modest inventory builds in both years, according to the US Energy Information Administration’s latest Short-Term Energy Outlook. The STEO […]
  • Equinor reports gas, condensate discovery south of Kristin field January 16, 2019
    Equinor has, together with partners ExxonMobil, Total, and Norway’s Petoro, made a natural gas and condensate discovery with the Ragnfrid North (6406/2-9 S) exploration well in the Norwegian Sea. The well, drilled in production license 199 about 20 km south of the Kristin platform, will be evaluated for development and tie-in to Kristin field and […]
  • Baldridge elected chairman of TPA January 16, 2019
    Don Baldridge, president of commercial for DCP Midstream, has been elected chairman of the Texas Pipeline Association (TPA).
  • Woodside lets contracts for Scarborough project January 16, 2019
    Woodside Petroleum Ltd., Perth, has let four contracts for the front-end engineering and design phase of its proposed Scarborough gas development on the Exmouth Plateau off Western Australia.
  • Rystad Energy: Offshore service market growth to outpace shale in 2019 January 16, 2019
    Rystad Energy forecasts offshore spending will outgrow spending on onshore shale activities this year. Service companies exposed to the offshore subsea market and the maintenance, modifications, and operations (MMO) sector are set to benefit from this trend reversal.
  • EIA: US crude inventories down 2.7 million bbl January 16, 2019
    US crude oil inventories for the week ended Jan. 11, excluding the Strategic Petroleum Reserve, decreased by 2.7 million bbl from the previous week, data from the US Energy Information Administration showed. At 437.1 million bbl, US crude oil inventories are about 8% above the 5-year average for this time of year, the report indicated.
  • CNOOC starts production from Huizhou development project January 16, 2019
    CNOOC Ltd. reported the start of production from the Huizhou 32-5 oil field comprehensive adjustment/Huizhou 33-1 oil field joint development project in the south-central part of the eastern South China Sea.
  • MARKET WATCH: NYMEX oil price tops $52/bbl, Brent tops $60/bbl January 16, 2019
    Crude oil benchmarks jumped more than $1/bbl on the New York and London markets Jan. 15 with light, sweet crude oil prices for February and March settling above $52/bbl while Brent crude for March and April settled above $60/bbl in London.