Crude oil
Iraq's massive Total oil deal heralds new revenue-sharing formula
Iraq secured its $27-B oil deal with France's TotalEnergies by offering quicker, less risky payback through greater revenue-sharing, a model it could replicate in the future to lure investors.
Vietnam approves $11.4-B plan to expand fuel storage capacity by 2030
Vietnam has approved a plan to expand its national fuel storage capacity by 2030, with investment of up to $11.4 B.
UN could start removing oil this week from decaying Yemen tanker
An operation to start removing some 1.1 million barrels of oil from a decaying tanker moored off Yemen's coast could start by the end of the week, the United Nations said.
A Case for Criteria that Simplify Process Vessel Lining Selection
Process vessels, also known as pressure vessels, deliver a critical function within oil and gas upstream operations. Subjected to elevated temperatures and pressures, these vessels are used to process hydrocarbon mixtures to remove corrosive materials from oil before transport. Linings are frequently used to mitigate corrosion inside process vessels and extend their service lives and maintenance cycles.
Saudi Arabia and Turkey sign petroleum and petchem cooperation MoU
Saudi Arabia and Turkey have signed a memorandum of understanding to cooperate in the production, marketing and distribution of refined petroleum products and in petrochemicals production.
Riyadh, Tokyo to cooperate on energy security, recycled carbon fuels and ammonia
Saudi Arabia said it remains committed to securing oil supplies for Japan and will continue cooperating with Tokyo on clean hydrogen, ammonia and recycled carbon fuels.
Shell suspends loadings of Nigeria's Forcados crude oil
Shell has suspended loadings of Nigeria's Forcados crude oil due to a potential leak at the export terminal, a spokesperson for its local subsidiary, SPDC, said.
Oil supply disruptions boost prices
A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.
Russia sets plans for oil export cuts in August
Russian oil exports from western ports are set to fall by some 100,000-200,000 bpd next month from July levels.
Russia's Novak: companies will decide if they cut oil exports or output
Russian Deputy Prime Minister Alexander Novak said that individual companies would decide whether to cut oil production or exports in August but Russia's task was to reduce supplies to world markets.
- ExxonMobil plans 1 Blbs/yr of advanced recycling by 2027 11/22
- Gauging the likely Trump effect on U.S. energy and power sectors 11/22
- Russia's Lukoil restoring cracker at NORSI refinery, gasoline output rising 11/22
- Nigeria's local currency crude sales fall short of target, Dangote refinery says 11/22
- U.S. October gasoline imports hit post-pandemic low on slump in European shipments 11/22
- Clean Hydrogen Works awards McDermott FEED contract for Ascension Clean Energy (ACE) project 11/21
