US exporters of oil and liquefied natural gas (LNG) may get some relief from the retaliatory duties on US goods as part of Continue reading US oil and LNG exports may get tariff exemptions
Category: Oil Industry
Total rethinks supplying fuel oil to power stations
Patrick Pouyanné, CEO of the France-based energy company Total, has said in an interview that the company is looking at ending the supply of fuel oil for power generation. The company is looking to transition Continue reading Total rethinks supplying fuel oil to power stations
UK offshore oil still vital to BP
Oil production on the UK continental shelf will remain a leading aspect of BP’s business according to BP regional president Ariel Flores. He also said he expected BP to continue to Continue reading UK offshore oil still vital to BP
Four new LNG carriers being built for Shell
Norway-based shipping company Knutsen has ordered four new 174,000-cubic-metre liquefied natural gas (LNG) carriers that Continue reading Four new LNG carriers being built for Shell
Oil choice for off-highway vehicles becoming more vital, says Fuchs
According to Fuchs Lubricants, businesses need to reevaluate which oils they should be using in off-road vehicles in the light of Continue reading Oil choice for off-highway vehicles becoming more vital, says Fuchs
Tufan Erginbilgic to leave BP’s downstream segment
The chief executive of BP’s downstream segment, Tufan Erginbilgic, has decided to part ways with the major oil company, according to an Continue reading Tufan Erginbilgic to leave BP’s downstream segment
OPEC committee suggests 600,000 bpd production cut
The Joint Technical Committee, which advises the OPEC+ group, has proposed a further production cut of 600,000 barrels per day (bpd) in Continue reading OPEC committee suggests 600,000 bpd production cut
OGUK sets out its decarbonisation plans
Oil and Gas UK (OGUK), which represents the UK oil and gas industry, has presented its plans for decarbonising the sector in response to the net-zero emission goals set by the UK and Scottish governments.
Deirdre Michie OBE, the Continue reading OGUK sets out its decarbonisation plans
US expected to soon become net oil exporter
The US Energy Information Administration (EIA) has published its 2020 Annual Energy Outlook. It predicts that the US will become a net exporter of crude oil and derived products this year as production continues to Continue reading US expected to soon become net oil exporter
The seven most commonly believed myths about oil
Oil and other fossil fuel products, such as natural gas, get a mixed press. There’s no doubt that oil is useful; it powers our vehicles and keeps the wheels of industry turning. Natural gas is used to heat our Continue reading The seven most commonly believed myths about oil
