Fires burn through Shanghai chemical plant
Fires at a large chemical plant in the Chinese city of Shanghai have killed at least one person. They broke out around 04:00 on Saturday…
Category: Oil and Gas News
News from oil and gas industry
EU strikes deal to buy gas from US
The move aims to reduce Europe’s dependence on Russian energy The European Union has reached an agreement to buy at least 15 billion cubic meters…
All four oilfield services majors suspend new investments in Russia
Weatherford International, Halliburton, Schlumberger, and Baker Hughes are under threat of Western sanctions Global oilfield servicing giants have revealed plans to halt new investments in…
CPC warns of the risk of a threefold reduction in oil supplies due to an accident
(Russian Federation, Kazakhstan) The Caspian Pipeline Consortium (CPC), whose largest shareholders are Transneft (24%) and KazMunayGas (19%), has suspended the operation of two of the…
Explosion at a factory in South Korea, killing 4 people
The explosion at the plant of the South Korean petrochemical company Yeochun NCC (YNCC) in the city of Yeosu killed four people and injured four,…
Brent crude tops $87 a barrel for the first time in seven years
The price of Brent oil reached its highest level since October 2014, Bloomberg notes. The agency attributed the rise in prices to increased geopolitical tensions…
Oil prices crossed $ 84
Oil prices rose above $ 84 on international markets on Wednesday, driven by producer problems with increased supplies and estimates that the spread of omicron…
Crude rally continues amid Kazakhstan turmoil
Escalating tensions in the former Soviet state, together with Libyan outages, send futures surging Global prices for crude oil saw a sharp increase on Thursday,…
Kazakhstan’s Tengiz oil field operator says logistics problem impacting output amid political crisis
Tengiz oil field operator says The operator of Kazakhstan’s highest-producing oil field, Tengiz, said Jan. 6 that a logistics issue had caused it to adjust…
EU proposes green label for nuclear & gas
European Commission paves way for investments amid the widespread energy crisis in the region Brussels has drawn up plans to label some natural gas and…
Oil records biggest annual gains in 12 years
The Oil growth was spurred by the post-Covid recovery of the global economy Oil posted its biggest annual rise since 2009 as the rapid Covid-19…
Major North American oil producer to end crude exports
Mexico seeks to become energy independent Mexico will suspend crude oil exports in two years in a bid to focus on domestic self-sufficiency, various media…
Global oil & gas discoveries to hit 75-year low in 2021
The Global discovery of oil and gas across the world is on track to hit its lowest full-year level in 75 years, should the remainder…
Bloomberg announced the first ever change of the leader in oil refining
China is increasing its oil refining capacity and may replace the United States as the leader in this market next year. Bloomberg writes about this…
Repairs underway at Gorgon as ‘thousands’ of cracks found in critical equipment
https://www.thechemicalengineer.com/news/repairs-underway-at-gorgon-as-thousands-of-cracks-found-in-critical-equipment/
‘Workers fear for their safety’: Calls for Gorgon shutdown after cracks found in critical plant components
https://www.smh.com.au/business/companies/workers-fear-for-their-safety-calls-for-gorgon-shutdown-after-cracks-found-in-critical-plant-components-20200722-p55eel.html
