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Archives

Monthly Archive for: "May, 2023"
0
By admin
In In the News
Posted May 31, 2023

India’s BPCL future oil, refining landscape to feature much larger petrochemicals footprint

India’s Bharat Petroleum Corp. has crafted out a major expansion strategy that will see the state-run refiner investing close to $6.5 billion over the next few years to sharply expand its [...]

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0
By admin
In In the News
Posted May 31, 2023

Future of the Oil and Gas Industry: Balancing Uncertainty and Net Zero goals whi…

The O&G industry is facing the energy trilemma – finding the right balance between sustainability, reliability and affordability. Operators are looking to make the right investments in [...]

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0
By admin
In In the News
Posted May 31, 2023

Nigeria triples gasoline prices as new president scraps subsidy

Nigeria’s state-owned oil company tripled the price of gasoline on May 31, sparking panic buying in major cities days after new president Bola Tinubu announced the West African [...]

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0
By admin
In In the News
Posted May 31, 2023

UK Rosebank oil project partner says working to head off moratorium

The partners in the UK’s contentious Rosebank oil project are making progress on the regulatory process and working to gain political support amid threats of a moratorium on new projects by [...]

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0
By admin
In In the News
Posted May 31, 2023

Japan’s JERA may look to diversify LNG supplies amid Australia policy change: Global CEO

Australian policy change could force Japan’s JERA to explore new supply avenues, as the largest Japanese power generation company might need to further diversify its LNG sources in the [...]

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0
By admin
In In the News
Posted May 31, 2023

Infographic: Russia drives global spike in dark STS transfers

Faced with tough Western sanctions, Russia is adapting a tried and tested playbook to conceal the origins of oil cargoes. Crimean waters and Russia’s exclusive economic zone have become the [...]

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0
By admin
In In the News
Posted May 31, 2023

Palm oil futures plummet to 8-month low amid vegetable oils sell-off

The benchmark palm oil futures contract on Malaysia’s commodity exchange fell over 122 points or 3% during afternoon trade May 31, reaching its lowest level since October 2022, with [...]

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0
By admin
In In the News
Posted May 31, 2023

FUJAIRAH DATA: Oil product stockpiles rebound from 3-week low

Stockpiles of oil products at the UAE’s Port of Fujairah increased from a three-week low in the seven days ended May 29 led by a 7.6% jump in heavy distillates used as fuels for shipping [...]

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0
By admin
In In the News
Posted May 30, 2023

Observers welcome Talos’ 50% sale of Zama but questions remain regarding first oil

Talos Energy’s decision to sell a 50% stake in its Zama field in Mexico to a conglomerate owned by Mexican billionaire Carlos Slim has been broadly welcomed as all parties benefit from the [...]

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0
By admin
In In the News
Posted May 30, 2023

Russia behind 225% spike in shadowy oil transfers at sea

As Russia seeks to up its game in circumventing Western sanctions, more oil tankers are turning off their location transponders in risky but lucrative cargo operations. An analysis of data from [...]

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