U.S. Crude Oil Stockpiles Fall Unexpectedly
U.S. crude oil stocks fell unexpectedly last week as refineries raised their capacity use and a decline in imports offset an increase in production to a record level, according to data released Thursd...
Energy & Utilities Roundup: Market Talk
1506 ET – Oil futures settle higher in a day of ups and downs. The EIA reported an unexpected weekly crude stock draw, with lower imports offsetting an increase in U.S. production. News that Isr...
Totalenergies Expects Continued Refining Weakness, Lower Hydrocarbon Production
TotalEnergies TTE 0.76%increase; green up pointing triangle said continued pressure on refining margins would take a toll on its downstream results for the third quarter, while hydrocarbon production ...
FPSO Offshore Brazil Sees First Oil Sooner Than Planned
Wedoany.com Report-Oct 17, While the start of production was initially scheduled for 2025, the FPSO Maria Quitéria working in the Jubarte field produced its first oil on October 15. After a nam...
Phillips 66 to Shut Oil Refinery, End Gasoline Output in Los Angeles
Wedoany.com Report-Oct 17, Phillips 66 (PSX.N), said it will shut its large Los Angeles-area oil refinery late next year, delivering a blow to Californias fuel supply amid complaints about the states ...
WinGD Launches LPG-Ready Option for Ammonia-Fueled Engine
Named X-DF-P for the propane that is LPG’s primary component, the solution will be released to enable first engine deliveries in 2027. By that time, operators are expected to closely evaluate th...
Baker Hughes to Supply Equipment for Angolan FPSO Project
Wedoany.com Report-Oct 16, Nasdaq-listed oilfield services major Baker Hughes has been awarded a contract to supply advanced compression solutions to Saipem for TotalEnergies’ Kaminho FPSO proje...
Malaysian Player Adds New Country to Portfolio With Formal Takeover of Totalenergies’ Brunei Operations
Wedoany.com Report-Oct 16,The Malaysian firm officially acquired the entire equity interest in TotalEnergies’ Brunei business, which holds a 37.5% operated interest in the Maharaja Lela/Jamalula...
Sinopec Says East China Shale Oil Field Pumping at 1,600 Tons a Day
Wedoany.com Report-Oct 16, Sinopec (600028.SS), is advancing development of shale oil at its pilot project Jiyang in east China, pumping 1,600 metric tons per day now, up from 100 tons in 2021, the st...
Conocophillips Seeks to Keep Priority as Creditor in Citgo Auction
Wedoany.com Report-Oct 16, ConocoPhillips (COP.N), has filed a court motion to preserve the U.S. oil producers almost top priority among Citgo Petroleum creditors to cash proceeds from an auction of s...