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Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

(Investing) –HOUSTON – The price spread between WTI Midland crude in West Texas and Houston has narrowed this year as cold weather hurt Permian production, driving up prices, but weaker refinery and export demand on the U.S. refinery utilization stood at 85.6% crude export volumes also eased 9,000 bpd to 3.88

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Corrosion Engineer: Protecting Assets from Corrosion Damage

PetroSync

Everything from the enormous refineries that process crude oil to the vast pipelines that run beneath oceans is built on steel and aluminum. Behind the strength of these materials, however, lies a slow but persistent force called corrosion, which, if ignored, can cause disastrous breakdowns.

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European Commission Proposes Law Ending Russian Gas, Oil Imports by 2027

Rigzone

No Member State will be left without energy as a result of this proposal” The proposal bans the import of gas in gaseous (via pipeline) and liquefied state that “originates in or is exported directly or indirectly from the Russian Federation” from January 2026, the official text stated. Azerbaijan contributed seven percent.

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Pastures of Plenty - PADD 4 Pipeline Connections, Higher Output Help it Balance Crude Market

RBN Energy

That limits the need for refinery capacity, which matches the regions average annual consumption and is only outstripped in the summer months. In todays RBN blog, well look at how PADD 4 dispenses these barrels and its role in balancing continental crude oil supply and demand.

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MOL discovers new oil field in Western Hungary

Oil & Gas 360º

We are discovering previously unknown hydrocarbon deposits one after the other and further strengthening the country’s security of supply: with the oil deposits in Vecss and Tura and the natural gas fields in Eastern Hungary, we have reached a five-year peak in domestic production. MOL has ambitious E&P investment plans.

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Nigeria hires former CEO of Shell unit to lead state oil company

Oil & Gas 360º

A gradual rise in output with companies including Shell announcing a $5 billioninvestmentin offshore production in December and the restart of two of the states long-dormant refineries have offered encouraging signs for the industry. NNPC is also clearing the way for aninitial public offeringin a process thats spanned a decade.

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Upstream Midstream Downstream – What is the Difference?

Aresco

What is oil and gas upstream midstream downstream? Upstream involves locating, surveying, drilling, and extracting crude oil and natural gas from underground reservoirs. Midstream activities involve the transportation, storage, and wholesale marketing of oil and gas. This includes both onshore and offshore activities.