India, the world’s third-biggest oil importer, gets a bulk of its Russian supplies made up over 35% of India’s total crude imports in 2023, amounting to 1 .7 million barrels per day.
Attorney Gail Evans of the Center for Biological Diversity’s Climate Law Institute speaks about pollution from oil and natural gas development and frustration with state oversight of the industry in May 2023 outside First District Court in Santa Fe.
The lowest gasoline price days of the season are now in the rearview for drivers in the United States, with the spring surge in gasoline prices right around the corner, according to GasBuddy’s Patrick De Haan.
Saudi Arabia is exporting crude oil via the Red Sea as usual despite Houthi attacks on vessels in the region, a senior Aramco official told Bloomberg.
“We’re moving in the Red Sea with our oil and products cargoes,” Mohammed Al Qahtani, head of Aramco’s refining, oil trading and marketing division said, adding that the risks were “manageable”.
The oil and gas industry is undergoing its biggest-ever consolidation, according to Enverus.
Upstream merger and acquisition activity hit $144 billion in the fourth quarter alone and $190 billion for 2023, both setting records.
Bids from Exxon Mobil, Chevron, and Occidental Petroleum were among the key deals fueling the record.
Oil rose to the highest in about two months as US inventories, Chinese stimulus and an attack on a Russian refinery ignited a rush of trend-following algorithmic buying.
Hot off the heels of another tumultuous and eventful year for the global energy landscape, 2024 is already continuing the trend of disruptions, headwinds, and opportunities, Rystad Energy stated in a release sent to Rigzone on Wednesday.
Saudis Continue Sending Oil via Tense Red Sea
by Bloomberg|Matthew Martin & Anthony Di Paola|Friday, January 26, 2024
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Saudis Continue Sending Oil via Tense Red Sea
Aramco is bucking threats on Red Sea vessels from Yemen’s Houthi rebels.
Image by sandsun via iStock
Saudi Aramco, the world’s largest oil company, is continuing to send tanker loads of crude and fuels through the southern Red Sea, where Houthi militants have for months been menacing merchant ships in response to Israel’s war in Gaza.
Eni Inks Decarbonization Deals with Kazakh Companies
by Jov Onsat|Rigzone Staff|Monday, January 22, 2024
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Eni Inks Decarbonization Deals with Kazakh Companies
Eni signed three energy transition-related deals with Kazakh firms, including a commitment pact for a planned hybrid-fuel power project.
Image by e-crow via iStock
Eni SPA has signed three energy transition-related agreements with companies in Kazakhstan, including a commitment pact for a planned hybrid-fuel power project.
The West African Gas Pipeline Company Limited (WAPCo), has announced that it will undertake a three-day coordinated and planned Emergency Shut Down and High Integrity Pressure Protection System (HIPPS) Proof tests at its facilities in Ghana, Togo, Benin, and Nigeria.