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Crudeoil deliveries to the strategic petroleum reserve will be delayed by seven months due to maintenance, the Department of Energy has said. Due to site maintenance, the SPR rescheduled crudeoil secured from previous solicitations, as well as exchanges, through December 2025,” a Department…
Among the 19 specific industry sectors TIPRO uses to define the Texas oil and natural gas industry, Support Activities for Oil and Gas Operations led in the ranking for unique job listings in May with 1,972 postings, followed by Gasoline Stations with Convenience Stores (1,447) and Petroleum Refineries (824).
Last year, the Permian Basin Petroleum Association created a set of recommended practices to combat oilfield crime, incorporating physical, cyber, and operational security measures. Senate Bill 494 aims to combat the theft of petroleum products in Texas by creating a dedicated task force within the Railroad Commission of Texas.
The Wink to Webster Pipeline , operated by ExxonMobil , is one of the most critical crudeoil transportation systems in North America, linking the prolific Permian Basin to key Gulf Coast refining and export hubs. petroleum infrastructure—backed by careful planning, robust financial support, and community coverage.
Department of Energy has authorized the exchange of up to 1 million barrels from the Strategic Petroleum Reserve (SPR) to ease the crude shortage at Exxon’s refinery in Baton Rouge, Louisiana, after quality issues with the Mars crude grade emerged last week. Administration would quickly fill up the Strategic Petroleum Reserve.
(Investing) – LONDON -OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and refineries’ crude intake would remain elevated to meet the uptick in summer travel, helping to support the demand outlook. Global refinery crude intake posted a sharp increase of 2.1
will not complete scheduled deliveries of crudeoil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. billion for purchases and SPR maintenance. (BOE Report) – The U.S. So far this year only 8.8
still needs the Strategic Petroleum Reserve at all. The American SPR is the world’s largest emergency oil storage, able to hold 714 million barrels, or the equivalent of 35 days of U.S. oil consumption, when full. billion in an earlier iteration of the bill, with another $218 million earmarked for maintenance.
will not complete scheduled deliveries of crudeoil into the Strategic Petroleum Reserve until the end of the year due to maintenance, as much as seven months behind schedule, the Department of Energy said on Thursday. Former President Joe Biden’s administration scheduled 15.8
Kazakhstan has increased in February its crudeoil and gas condensate production by 13% to a record of 2.12 million barrels per day (bbl/d), exceeding its quota within the OPEC+ group of oil producers, as Reuters reported. Excluding gas condensate, Kazakhstan’s crudeoil production surged by 15.5%
Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance. Conversely, Chevrons refining unit outperformed, helping the company meet analysts expectations despite a soft crude price deck. Other major U.S.
Living on an offshore oil rig or a platform, or in living quarters on a vessel attached to a rig, all have similar challenges. Offshore oil fields represent a substantial portion of the worlds total crudeoil output. Offshore oil activity is growing, and so is a demand for the workforce on the platforms that pump it out.
crudeoil futures climbed more than $1 a barrel on Tuesday as the White House announced Saudi Arabias plans to invest $600 billion in the United States. Brent crude futures rose 88 cents, or about 1.35%, to $65.84 West Texas Intermediate (WTI) crude was up $1.13, or about 1.82%, at $63.08. (Investing) –HOUSTON -U.S.
The current tightness in the differential is being driven by low western Canadian inventories and maintenance on facilities and may eventually fade, said Jon McKenzie, chief executive officer of oil sands producer Cenovus Energy Inc. and chairman of the Canadian Association of Petroleum Producers.
billion to replenish and maintain the Strategic Petroleum Reserve, and cancels a congressionally mandated sale, following huge sales from the facility in 2022. billion to purchase oil to help replenish the SPR, the worlds largest emergency stockpile of crude, and $218 million for maintenance of the facility.
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