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U.S. Ups Pressure To Push Venezuela Oil Exports To Zero

The United States is pressing shippers, insurers, certification organizations, and flag states registering vessels not to work with Venezuela as the Trump Administration is looking…

OPEC+ preps for next challenge

Saudi Oil Minister Prince Abdulaziz bin Salman likes the idea of OPEC+ acting as the central bank of oil. And he expresses admiration for Alan…

Marathon Petroleum Restarts Texas Refinery

Marathon Petroleum Corp (NYSE: MPC) began restarting its 585,000 bpd refining complex in Galveston Bay that has been shuttered for more than a month now, according to…

Canceled Atlantic Coast pipeline threatens Marcellus shale’s future

NEW YORK (Bloomberg) –To understand why the cancellation of the $8 billion Atlantic Coast Pipeline at the start of this week was such big news,…

Record High U.S. Crude Inventories Threaten Oil Rally

Anyone connected or exposed to the dynamics of the oil price must be wondering if the recovery in the oil price is sustainable and, indeed,…

Bill Gates Backed Miner Looks For Cobalt In Canada

KoBold Metals, a start-up backed by a coalition of billionaires led by Bill Gates, plans to scour for cobalt in Canada using advanced mapping technology and it’s…

Total looks to South Africa for offshore frontier opportunities

Total SA has deployed a rig to South Africa to look for more oil near a massive discovery, in a rare example of exploration in…

Eni taps Weatherford for four-year downhole safety valve program

HOUSTON – Weatherford International has been awarded an exclusive four-year contract with Eni S.p.A. to provide a minimum of 30 Non-Umbilical Downhole Deployment Valves (NU-DDV)…

The Effects of a 2nd Covid Wave on Oil

Oil demand in 2020 could lose an additional 2.5 million barrels per day (MMbpd) in a second Covid-19 wave scenario, according to Rystad Energy. The…

Acoustic Data wins $4.5MM contract for wireless downhole data acquisition

WOKING, UK – Acoustic Data has been awarded a $4.5mm three-year contract by a supermajor to deploy its SonicGauge Wireless Monitoring System in onshore gas…

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