Russia’s Oil Producers Speed up Drilling as OPEC+ Curbs Ease
Wedoany.com Report-Apr. 29, Russia’s oil industry has significantly increased drilling activities in early 2025, reaching levels not seen in at least five years. This surge aligns with preparati...
Sinopec’s Quarterly Net Income Falls 28% on Slower Fuel Sales
Wedoany.com Report-Apr. 29, On Monday, China Petroleum & Chemical Corp, known as Sinopec, reported a 27.6% decline in first-quarter net income compared to the previous year. The company, listed on the...
Spanish Oil Refineries Shut Down After Power Blackout
Wedoany.com Report-Apr. 29, On Monday, a widespread power outage across Spain and Portugal forced several oil refineries to suspend operations, including both plants managed by Moeve, Spain’s se...
Vitol Steps up Venezuela Oil Buying Before U.S. License Lapses
Wedoany.com Report-Apr. 28, Vitol Group, the world’s largest independent oil trader, has increased its oil purchases from Venezuela in April, utilizing a U.S. license set to expire on May 27. Th...
Russia Oil Drilling at Fastest Pace in 5 Years as Curbs Ease
Wedoany.com Report-May 4, Russia’s oil producers have intensified drilling activities, reaching levels unseen in at least five years, preparing for potential increases in OPEC+ output limits. Th...
Marrying Sails and Biofuel, Odfjell Tanker Demonstrates ‘First’ Near Carbon-Neutral Transatlantic Voyage
Wedoany.com Report-Apr. 28, Norwegian shipping company Odfjell reported that its chemical tanker, Bow Olympus, is crossing the Atlantic using a combination of wind-assisted propulsion and 100% sustain...
USA Crude Oil Inventories Rise Week on Week
Wedoany.com Report-Apr. 28, The U.S. Energy Information Administration (EIA) reported on April 23 that U.S. commercial crude oil inventories, excluding the Strategic Petroleum Reserve (SPR), rose by 0...
CHC, Court Helicopters Partner to Enhance Offshore Safety, Transportation in Namibia
Wedoany.com Report-Apr. 28, CHC Helicopter (CHC) has signed a Memorandum of Understanding (MoU) with Namibian aviation operator Court Helicopters to explore a strategic partnership focused on search a...
US Eases Downhole Commingling Policy to Boost Oil Production
Wedoany.com Report-Apr. 27, The United States Department of the Interior (DOI) has revised its policy to increase the allowable pressure differential for single-wellbore oil production from multiple r...
Morgan Stanley Infra Partners Eyes $2 Billion Permian Pipelines Sale, Sources Say
Wedoany.com Report-Apr. 25, Morgan Stanley Infrastructure Partners (MSIP) is considering selling its majority stake in Brazos Midstream II, a deal that could value the holding at over $2 billion, incl...