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The First Oil Well in the World – Bibi Heybat

Aresco

By the late 19th and early 20th centuries, Baku had become the beating heart of global oil production , producing more than half of the world’s oil by 1901. Pipelines, refineries, and export terminals followed, creating a full-scale oil ecosystem.

Oil
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Rystad: New EU sanctions hit India's Nayara refinery

Oil & Gas Journal

The sanctions package imposes bans on exports of refined petroleum products derived from Russian crude, financial and shipping restrictions, and a dynamic price cap on Russian crude, a report form Rystad Energy noted. China has better leverage in this scenario, so the focus has shifted to India’s Nayara refinery.

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Eni, LG Chem break ground on South Korean biorefinery

Oil & Gas Journal

Also progressing with planned conversion of idled 84,000-b/d conventional refinery in Livorno, Tuscany, into what will become Italy’s third biorefinery. The plant is targeted for startup in 2026 with a nameplate production capacity of 500,000 tpy ( OGJ Online, Sept. Robert Brelsford Aug. Photo from LG Chem Ltd. 14, 2023 ).

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The Iberian green industrial opportunity: Carbon capture and storage

McKinsey

Including GVA from the manufacture of chemicals and chemical products, the manufacture of basic metals, and the estimated GVA in the cement and lime industry within the other nonmetallic mineral products sector in 2022 for Portugal and Spain. For example, the cement industry relies on the calcination process for cement production.

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EIA: US crude inventories up 7.7 million bbl

Oil & Gas Journal

US crude oil refinery inputs averaged 16.9 Refineries operated at 95.4% Gasoline production increased, averaging 10.0 Distillate fuel production increased by 131,000 b/d, averaging 5.2 million bbl At 426.7 million bbl At 426.7 Propane-propylene inventories increased by 1.1 of capacity. million b/d. million b/d.

BBL
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Pemex Posts First Profit in Over a Year

Rigzone

Crude and condensate production slumped to 1.63 Sheinbaum’s administration has been working on a broad plan to shore up the struggling oil producer, which has seen output slump to a four-decade low as its aging refineries bleed cash. to develop offshore gas assets. Pemex posted a net income of 59.52 billion pesos ($3.2

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EIA forecasts Alaska crude oil production will grow in 2026 for the first time since 2017

Oil & Gas 360º

Energy Information Administration (EIA) forecast crude oil production in Alaska will increase by 16,000 barrels per day (bpd) in 2026 to 438,000 bpd after remaining relatively flat in 2025. Two new oil developments in Alaska the Nuna and Pikka projects are expected to boost crude oil production in the state after decades of decline.