RSS

Oil, Gas

Global demand for OPEC’s crude will rise in the next two years more slowly than expected, the group forecast, as a recovery in prices resulting from an OPEC-led supply cut stimulates renewed output growth from non-members. more

Nov 7, 2017 10:16 AM Refining/Petrochemical

Oil prices steadied on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent to more than two-year highs above $60 per barrel. more

Oct 31, 2017 9:36 AM Refining/Petrochemical

Tankers carrying record levels of crude are leaving in droves from Texas and Louisiana ports, and more growth in the fledgling U.S. oil export market may before long test the limits of infrastructure like pipelines, dock space and ship traffic. more

Oct 30, 2017 10:29 AM Tanks/Terminals/Storage

The National Institute for Occupational Safety and Health and the California Department of Public Health, Occupational Health Branch recently released a video to help protect oil and gas extraction workers from the hazards they face... more

Oct 26, 2017 2:30 PM Health, Safety & Environmental

Oil prices firmed on Tuesday, building on gains made as fighting between Iraqi and Kurdish forces threatened supplies from northern Iraq while tension rose between the United States and Iran. more

Oct 17, 2017 10:05 AM Refining/Petrochemical

EIA forecasts that U.S crude oil production will average 9.4 million barrels per day (b/d) in the second half of 2017, 340,000 b/d more than in the first half of 2017. more

Oct 16, 2017 9:14 AM Refining/Petrochemical

The world’s largest oil trader Vitol expects the oil industry to shrink given the quickening pace of the global shift to electric cars and away from fossil fuels. more

Oct 6, 2017 8:58 AM Refining/Petrochemical

In EIA’s latest update of state gasoline and diesel fuel taxes data, the simple average of taxes and fees on gasoline levied by the states and the District of Columbia are up 4.5% from the same time last year. more

Oct 3, 2017 10:40 AM Refining/Petrochemical

Texas Railroad Commissioner Ryan Sitton noted, “those of us in the industry have knowledge that most people don’t have,” adding that outside forces were to blame for a spike in gasoline prices in the aftermath of Hurricane Harvey. more

Oct 3, 2017 7:00 AM Refining/Petrochemical

Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years. more

Sep 21, 2017 8:49 AM Tanks/Terminals/Storage

U.S refiner and blender net production of finished motor gasoline (2012- 2017)

U.S. Energy Information Administration

Gasoline production by U.S. refiners and blenders has run near record levels over the first seven months of 2017. more

Aug 17, 2017 12:00 AM Refining/Petrochemical

Oil prices rose on Friday after a strong U.S. jobs report bolstered hopes for growing energy demand, but crude prices declined for the week, pressured by rising OPEC exports and strong U.S. output. more

Aug 7, 2017 10:19 AM Training & Human Resources

U.S. refineries are producing more fuel than ever as they seek to meet rising demand - from overseas, rather than the drivers on nearby roadways. more

Jul 28, 2017 9:08 AM Refining/Petrochemical

The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell RDS.A Chief Executive Ben van Beurden said. more

Jul 28, 2017 8:59 AM Refining/Petrochemical

Exxon Mobil Corporation today announced estimated second quarter 2017 earnings of $3.4 billion, or $0.78 per diluted share, compared with $1.7 billion a year earlier, as oil and gas realizations increased and refining margins improved. more

Jul 28, 2017 7:00 AM Drilling & Exploration

Louisiana appears to have dug its way out of recession. more

Jul 27, 2017 10:29 AM Training & Human Resources

ConocoPhillips (NYSE: COP) today reported a second-quarter 2017 loss of $3.4 billion, or ($2.78) per share, compared with a second-quarter 2016 loss of $1.1 billion, or ($0.86) per share. more

Jul 27, 2017 12:00 AM Refining/Petrochemical

Prelude is the first deployment of Shell’s FLNG technology, that will see a 488 metre long floating facility extracting and liquefying gas at sea, before it is exported to customers around the globe. more

Jul 25, 2017 12:00 AM Natural Gas

EIA now forecasts Brent crude oil spot prices to average $51 per barrel (b) in 2017 and $52/b in 2018. West Texas Intermediate (WTI) crude oil prices are expected to be $2/b lower than Brent prices in 2017 and 2018. more

Jul 13, 2017 11:08 AM Refining/Petrochemical

The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. more

Mar 10, 2017 9:35 AM Refining/Petrochemical