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Weekly CrudeOil Storage as of June 6, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.6 crudeoil refinery inputs averaged 17.2 Refineries operated at 94.3% of their operable capacity last week. crudeoil imports averaged 6.2
billion contract to Strategic Storage Partners, LLChardly a household nameto manage the Strategic Petroleum Reserve (SPR)Americas emergency stash of crudeoil. After a transition period, Strategic Storage Partners will take over from the current SPR management firm, Fluor Federal Petroleum Operations (FFPO) on June 15, 2025.
Venezuela hasn’t waited long to replace Western service providers in its oil industry after the U.S. sanctions, Western oil producers were given time until May to wrap up their operations in Venezuela, home to the world’s biggest crudeoil reserves. Under the U.S.
Weekly CrudeOil Storage as of May 30, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 4.3 Refineries operated at 93.4% of their operable capacity last week. crudeoil imports averaged 6.3 million barrels from the previous week.
Weekly CrudeOil Storage as of March 14, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.7 crudeoil refinery inputs averaged 15.7 Refineries operated at 86.9% of their operable capacity last week. crudeoil imports averaged 5.6
Weekly CrudeOil Storage as of May 16, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 1.3 crudeoil refinery inputs averaged 16.5 Refineries operated at 90.7% of their operable capacity last week. crudeoil imports averaged 6.1
Weekly CrudeOil Storage as of May 9, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 4.0 crudeoil refinery inputs averaged 16.4 Refineries operated at 90.2% of their operable capacity last week. crudeoil imports averaged 5.8
Weekly CrudeOil Storage as of May 2, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.0 crudeoil refinery inputs averaged 16.1 Refineries operated at 89% of their operable capacity last week. million barrels, U.S. Imports U.S.
Weekly CrudeOil Storage as of April 25, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 2.7 crudeoil refinery inputs averaged 16.1 Refineries operated at 88.6% of their operable capacity last week. crudeoil imports averaged 5.5
Weekly CrudeOil Storage as of April 18, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.2 crudeoil refinery inputs averaged 15.9 Refineries operated at 88.1% of their operable capacity last week. crudeoil imports averaged 5.6
Weekly CrudeOil Storage as of April 11, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 0.5 crudeoil refinery inputs averaged 15.6 Refineries operated at 86.3% of their operable capacity last week. crudeoil imports averaged 6.0
Weekly CrudeOil Storage as of April 4, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 2.6 crudeoil refinery inputs averaged 15.6 Refineries operated at 86.7% of their operable capacity last week. crudeoil imports averaged 6.2
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Weekly CrudeOil Storage as of March 21, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) decreased by 3.3 crudeoil refinery inputs averaged 15.8 Refineries operated at 87.0% of their operable capacity last week. crudeoil imports averaged 6.2
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Weekly CrudeOil Storage as of February 28, 2025 U.S. commercial crudeoil inventories ( excluding those in the Strategic Petroleum Reserve ) increased by 3.6 crudeoil refinery inputs averaged 15.4 Refineries operated at 85.9% of their operable capacity last week. crudeoil imports averaged 5.8
The $5-billion East African CrudeOil Pipeline (EACOP), which is planned to export crudeoil from Uganda via a port in Tanzania, has secured the first tranche of external financing for the project.
Trelleborg Fluid Handling Solutions a global leader in the supply of field-proven large-bore flexible bonded hoses for crudeoil and chemicals, has published a report that reveals significant opportunities for Floating Production Storage and Offloading (FPSO) owners to reevaluate their reeling hose selection and unlock greater operational value.
The only refinery in Scotland has stopped processing crudeoil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024.
State Department rolled out another round of sanctions Tuesday targeting an Iranian oil smuggling network allegedly responsible for funneling billions in crudeoil sales to China on behalf of Irans Armed Forces General Staff.
Nigerias government is urging the oil companies operating in the country to collaborate to increase oil output in the producer that hasnt been able to pump to its OPEC quota for years. Nigerias crudeoil production averaged 1.4 million barrels per day (bpd) in the first quarter of the year, well below the 1.8
Onshore crudeoil production in the United States has peaked, Diamondback Energy has said, expecting output to start declining later this year unless prices reverse course. Diamondback is one of the largest Permian operators and plans to curb its spending this year in response to the price developments that most analysts argue were
(private) (N/A – private; high gas focus) (N/A – private) ~7–9 rigs in Oklahoma (2025) (21 wells drilled in 2023) Note: MBOE/d = thousand barrels of oil equivalent per day. Liquids” includes crudeoil and NGLs. In 2024 they averaged 3 operated rigs in the Anadarko, but for 2025 the plan is to run ~2 rigs on average.
Crudeoil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33 Of this total, the bulk, or $3.94 billion, would be spent on production,
(World Oil) – This first-of-its-kind deployment signals a step change in how safety and operational assurance can be managed in offshore wind, with WindSafe introducing real-time visibility, predictive analytics, and intelligent automation to enhance performance and reduce risk at scale.
Operations can now react to a localized environment through real-time adaptation rather than performance forecasting. “At Chevron produces crudeoil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry.
CALGARY – The CEO of Crown-owned pipeline operator Trans Mountain Corp. Trade tumult in recent months with the United States Canada’s biggest customer for its crudeoil has [Read more]
Khalda Petroleum, a joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, is bringing two new wells into production in June 2025, with an initial estimated total of 5,400 barrels of crudeoil per day (bbl/d). Khalda completed drilling operations for the Fox Deep-02 appraisal well.
While I believe we have an incredibly strong and efficient operational organization at Talos, our goal is to take a very good company and make it great through continuous improvement. The three pillars of Talos’s new strategy are: Improve the business every day. For more information, visit www.talosenergy.com.
The increase came from state-owned refineries while private operators, the so-called teapots, reduced their run rates in January and February to tackle higher crudeoil costs resulting from U.S. sanctions targeting Russian and Iranian crude, of which the teapots are big buyers. Chinese refiners booked a 2.1%
Chevron agreed to buy Hess for $53 billion in 2023 to gain access to the smaller companys 30% share of Guyanas Stabroek Block, which is 45% owned and operated by Exxon. The ICC hearing ended this week and the panel of three judges is now considering its conclusions, Chapman said. But Exxon and Chinas CNOOC Ltd.,
The company’s flagship customer conference brought together more than 700 leaders, innovators and decision-makers from across the energy value chain to explore the future of energy through the lens of generative artificial intelligence, market transformation and operational excellence. operating companies.
(Oil Price) –Kazakhstan cannot reduce its oil production as it has no right to impose output reductions on international firms that are operating more than 70% of Kazakhstans oilfields, Energy Minister Yerlan Akkenzhenov said on Thursday. Under the OPEC+ agreement, Kazakhstans crudeoil production quota is below 1.5
The Hacksaw CrudeOil Terminal, operated by EVX Midstream Partners, is a significant midstream infrastructure asset located in Tilden, McMullen County, Texas. Pipeline Connectivity : The terminal is connected to the Eagle Ford JV Pipeline, facilitating efficient transportation of crudeoil to downstream markets.
(BOE Report) – The Mexican association that groups major global oil services companies warned that it is going through an “unprecedented crisis” due to the lack of payments from the state-owned oil company Pemex, the world’s most indebted energy company.
Following close of the transaction May 28, EnLink Midstream Operating, a wholly owned indirect subsidiary of ONEOK, owns 100 percent of outstanding limited liability company interests of Delaware G&P. The post ONEOK acquires remaining 49 percent interest in Delaware Basin JV appeared first on Permian Basin Oil and Gas Magazine.
. (“ARC” or the “Company”) today reported its first quarter 2025 financial and operational results. HIGHLIGHTS First Quarter Results ARC delivered first quarter 2025 average production of 372,265 boe(1) per day (63 per cent natural gas and 37 per cent crudeoil and liquids(2)), [Read more]
from 2018-2022, a provider of integrated specialty industrial services with operations in over 20 countries. His earlier experience includes field operations, engineering, and human resources across North America, South Asia, and the Middle East. Gatti served on the Board of Helix Energy Solutions Group, Inc. from 2018-2024.
Ballymore, the latest in a series of Chevron projects to start up in the past year, represents another step towards the companys goal to produce 300,000 net barrels per day of oil equivalent from the Gulf in 2026. is operator of the Ballymore project with 60 percent working interest. Malo facilities. Chevron subsidiary Chevron U.S.A.
It has been 12 months since the Trans Mountain Expansion Project aka TMX finally began operations after years of delay, creating a much-needed, larger conduit to move Western Canadas rising crudeoil production to the Pacific Northwest and overseas markets.
Specifically, the acquisition is accretive on an annualized basis to 2025 EBITDA by 10%, and cash flow from operations and free cash flow by 9%. NYSE: EOG ) is one of the largest crudeoil and natural gas exploration and production companies in the United States with proved reserves in the United States and Trinidad.
(Oil Price) –Crudeoil and natural gas investments in Colombia could rise to $4.68 billion in 2024, the countrys oil and gas industry association said, adding that this will not lead to higher production. billion this year, from $4.33 Of this total, the bulk, or $3.94
Minister of Petroleum and Mineral Resources Karim Badawi met with Mohamed Farouk, CEO of ADES, and his accompanying delegation, to review the companys operations and discuss means of boosting production. Additionally, the companys future plans to enhance crudeoil production rates through the use of advanced technologies were also discussed.
The new bid round has generated a lot of interest from foreign majors, Masoud Suleman, chairman of Libyas National Oil Corporation (NOC), told Reuters today. Libyas crudeoil production currently exceeds 1.4 Foreign majors have also made steps to return to operations in Libya. million barrels per day (bpd), NOC says.
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