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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.
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…
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.
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%
(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).
(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.
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.
In today’s complex industrial environments, predictive maintenance remains a key challenge for Energy, Utilities, and Manufacturing sectors. This post outlines an agentic solution for predictive maintenance using generative AI agents. Then, the agent receives a list of content chunks from the relevant maintenance manuals.
Aibel and Vår Energi have signed a framework agreement for maintenance and modifications (M&M) for the Goliat and Gjøa fields on the Norwegian continental shelf…
Among the various types of valves on the market, ball valves are critical in high-pressure systems, enabling precise fluid control in industries like power generation, chemical processing, and oil and […] The post Best Maintenance Practices for Ball Valves in High-Pressure Systems appeared first on POWER Magazine.
In the high-stakes world of oil and gas, the place of downtime can imply hundreds of thousands in losses and security incidents can raise catastrophic consequences, preservation is no longer simply a department – it’s a strategic imperative. The post Maintenance Planning and Scheduling Best Practices appeared first on PetroSync Blog.
In asset-intensive industries like oil and gas, unplanned equipment failures and inefficient protection strategies can significantly impact safety, productivity, and profitability. Reliability Centered Maintenance (RCM) has emerged as one of the most effective methodologies to extend asset life [.]
Despite the expected rise in OPEC+ production in April, Saudi Arabia is set to ship significantly lower crude oil volumes to China next month to levels not seen in over a year, Reuters reported on Thursday, quoting trade and industry sources.
In todays fast-paced oil and gas industry, proactive equipment repairs and maintenance are more than just routine taskstheyre vital to ensuring operational efficiency, safety, and long-term cost savings.
Industries such as oil and gas, manufacturing, and electricity must actively maximize production uptime, minimize maintenance costs, and extend equipment lifespan. The post Reliability Centered Maintenance Training Guide appeared first on PetroSync Blog. Therefore, [.]
Petrobras booked a virtually flat crude oil production for the first quarter of the year, at 2.77 Petrobras attributed the overall quarterly increase in oil and gas production to lower losses resulting from maintenance-related suspensions of million barrels daily, down by 0.2% on the first quarter of 2024. It was up by 5.4%
Gasoline inventories are currently at a comfortable level, but refinery maintenance might lead to low levels at the start of summer. There is no bullish case for oil at this stage. We will monitor jet fuel demand, expecting it might decline significantly due to slow economic growth and reduced government travel.
In fast-paced and asset-intensive industries such as oil and gas, the potential to keep dependable tools operations is now not a luxurious – it’s a necessity. The post Reliability Centered Maintenance for Asset Efficiency appeared first on PetroSync Blog. This is why forward-thinking companies are adopting a [.]
crude oil stockpiles rose and fuel inventories fell last week as seasonal refinery maintenance season ticked along, the Energy Information Administration (EIA) said on Wednesday. Crude inventories rose by 1.4 million barrels to 435.2
Analysts fear prolonged refinery maintenance could further reduce gasoline and distillate inventories and raise their prices. Cushing inventories increased but remained below the 5-year range (but now above the lows of 2014 as shown in Figure 11). Distillate inventories remain near the bottom of the five-year range. Read more
Asian markets have been oversupplied with light grades for most of this cycle, driven by outages at Japanese refiners, increased UAE availability this cycle following the accelerated OPEC+ unwind, and planned maintenance at Saudi Arabia's Petro Rabigh refinery, Energy Aspects analyst
Logistics management in the oil and gas industry plays a critical role in ensuring safe, timely, and cost-effective movement of materials, equipment, and personnel across upstream, midstream, and downstream operations. Midstream Logistics Pipeline Construction & Maintenance : Pipe transport, ROW access, material yards.
(Oil Price) –Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Marathon Petroleum posted a Q1 loss, citing weaker-than-expected margins, seasonal maintenance, and unplanned downtime as key drags on performance.
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.
This follows the shutdown of the other 200,000 bpd crude unit in early May for planned maintenance. As a result of the shutdowns, the 400,000-bpd oil refinery in Rotterdam now has both crude units offline. A crude unit with a capacity of 200,000 barrels per day (bpd) went offline early on Tuesday.
(Oil & Gas 360) – Expectations And Oil Prices Have Bottomed With Heading-UP-To-Summer And Much Needing To Be Done Increasing With The Tariff Strategy. Cold air tugged the price of West Texas Intermediate (WTI) crude oil up above $80 per barrel mid-January (Figure 1, red line). crude oil inventory.
AI in oil and gas is propelling the industry to new heights. The oil and gas industry has always been driven by innovation, and today, artificial intelligence (AI) is pushing the sector into a new era of efficiency, precision, and profitability. Digital twinsvirtual models of physical assetsare also transforming maintenance strategies.
To maintain reliability, PJM urged transmission and generation owners to defer scheduled maintenance and keep critical infrastructure online during this high-stress period. EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries.
In the oil and gas sector, a substantial increase in investments for brownfield and greenfield projects, coupled with planned cross-country pipeline projects, is expected to create positive prospects for growth in demand over the coming years, the report says. See the latest issue of OIl Review Middle East to find out more: [link]
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
The oil and gas industry is undergoing a significant digital transformation, with artificial intelligence (AI) playing a crucial role in revolutionizing oilfield procurement processes. Join us as we explore how these innovations are paving the way for the future of procurement in the oil and gas sector. Click above to give it a shot!
A Lease Operator in the oil and gas industry is responsible for overseeing the day-to-day operations and maintenance of oil and gas lease sites. Their primary role is to ensure that the production of oil and gas is efficient, safe, and compliant with regulations and company policies.
Summer’s longevity, Dominion Energy regularly performs maintenance and conducts upgrades at the station, including recently replacing the main transformer”, the Richmond, Virginia-based utility said. MORE FROM THIS AUTHOR Jov Onsat Editor OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX! “To ensure V.C.
An Engineering Technician in the oil and gas industry plays a crucial role in supporting engineers and other professionals in various technical tasks related to the exploration, extraction, and processing of oil and gas. Documentation: Keeping accurate records is essential in the oil and gas industry.
From the volatility of oil and gas markets to the technical challenges of extracting resources from remote locations, energy professionals have long navigated a multifaceted landscape. References [1] Oil and Gas Operations on Cloud: Transforming Data Management – Cloud4C. The energy sector has always been complex.
This is specially actual in sectors like oil and gas, the place where asset failure can disrupt complete operations and incur tens of millions [.] The post Maintenance Reliability Engineering for Peak Uptime appeared first on PetroSync Blog.
government on Canadian crude also pressured the spread as Midwest refiners were seeking WTI-Midland crude to Cushing to replace Canadian light sweet oil, said Energy Aspects analyst Jeremy Irwin. Energy Information Administration showed, as fuel producers undergo maintenance ahead of summer driving season. A 10% tariff by the U.S.
A Production Engineer in the oil and gas industry plays a critical role in managing and optimizing the production of hydrocarbons from oil and gas reservoirs. Production Maintenance and Troubleshooting: Troubleshooting production issues, such as equipment failures or flow problems.
Maintenance planning and scheduling is a structured procedure employed in managing maintenance activities within an organization. Its purpose is to create and execute plans and schedules that enable maintenance work to be carried out effectively.
Image by Moussa81 via iStock New data from the Texas Workforce Commission indicate that upstream oil and gas employment climbed by 2,200 in May compared to April, and by 7,300 jobs through the first five months of 2025. percent increase and an average growth of 875 jobs per month.
Image by Alabady via iStock Iraq’s electricity grid lost around 15% of its generation capacity after gas supplies from neighboring Iran were more than halved on Tuesday, highlighting the country’s vulnerability to energy shocks despite its oil wealth. OIL, GAS & ENERGY NEWS STRAIGHT TO YOUR INBOX!
API 510 plays a critical role in ensuring the safety and integrity of pressure vessel used across the oil and gas, and petrochemical industries. That’s why regular inspections and maintenance aligned with API 510 standard [.] The post API 510 Pressure Vessel Inspection Explained appeared first on PetroSync Blog.
We will explore the inherent challenges in gas separation, the mechanics of these innovative devices, and the tangible benefits they bring, including enhanced operational reliability, reduced maintenance, and superior product quality. They are effective for bulk separation but often leave fine mists and particulates.
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