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Wildfires Cripple Alberta’s Oil Production

OilPrice

Oil production from Canada’s oil heartland, Alberta, slumped to a two-year low in May as wildfires in the province and maintenance on some oil sands operations dragged oil output to a two-year low. million barrels per day (bpd) of crude oil in May, according to provincial data cited by Bloomberg.

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U.S. Oil Reserve Refill Pushed Back Seven Months

OilPrice

Crude oil 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 crude oil secured from previous solicitations, as well as exchanges, through December 2025,” a Department…

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NATO Innovation Fund, Norway Invest in Robotic Offshore Assets Maintenance

Rigzone

Image by Alexyz3d via iStock The NATO Innovation Fund (NIF) said it had led a financing round with participation from Norwegian sovereign investment fund Investinor AS for Kongsberg Ferrotech AS, a Norwegian company offering robotic solutions for the maintenance and repair of offshore infrastructure including oil and gas facilities.

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Chinese Oil Refiners Boost Exports as Domestic Demand Disappoints

OilPrice

Chinas top oil refiners are turning to overseas markets to offset weak domestic demand, pushing ahead with refined product exports despite planned maintenance and uneven profitability, according to new market data. Planned exports for May are set at 304,700 tons, a slight 2.4%

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Texas oil and gas jobs increased in May despite market turmoil, new report says

Oil & Gas 360º

(World Oil) – Citing the latest Current Employment Statistics (CES) report from the U.S. This represented an increase of 600 jobs in the services sector and 1,600 jobs in oil and gas extraction. The top posted job titles for May included maintenance technicians (118), retail cashiers (77), and sales associates (70).

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DOE okays exchange from SPR to Exxon to ease crude quality issue

Oil & Gas 360º

(Oil Price) – The U.S. DOE has authorized an exchange from the SPR with ExxonMobil Corporation “to address logistical challenges impacting crude oil deliveries to the company’s Baton Rouge refinery.” ExxonMobil will return the borrowed crude along with additional barrels of crude oil for the SPR at no cost to the taxpayer.

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Iran Oil Exports to China Shrink

OilPrice

Crude oil exports from Iran to its biggest buyer, China, shrank last month on tighter U.S. sanctions and refinery maintenance, Bloomberg has reported, citing data from Vortexa. Per that data, Iran shipped a little over 1.1 million barrels of crude to China daily, which was 20% lower than export flows in May 2024.

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