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UK-based oil major BP has published its Energy Outlook for this year, in which it predicts that the demand for crude oil in the world will peak as soon as next year. Continue reading BP expects world’s demand for oil to peak next year
UK-based oil major BP has published its Energy Outlook for this year, in which it predicts that the demand for crude oil in the world will peak as soon as next year. Continue reading BP expects world’s demand for oil to peak next year
According to analysts at HSBC Holdings Plc., the production of shale oil in the US still has some years of growth left, which may clash with the OPEC+ group’s expectation of a quicker slowdown. Continue reading US shale production not set to peak for years
When seeking to decarbonise operations, most people think of electrification, but there are ways to improve sustainability without investing in the next generation of equipment. Continue reading Castrol to offer re-refined oil products
In this year’s report on the medium-term outlook for the crude oil market, the International Energy Agency (IEA) has forecasted that the markets will be oversupplied this decade. Continue reading IEA predicts oil surplus this decade
TechnipFMC has selected Sulzer Flow Equipment to help it develop new CO2 pumps for separating oil and natural gas that is rich in Continue reading Sulzer selected to help develop subsea CO2 pumps
France-based TotalEnergies has made significant progress towards a final investment decision (FID) on Block 58 in Suriname, according to the company’s senior vice president for exploration and production in the Americas. Continue reading TotalEnergies announces progress on Suriname Block 58 project
Addressing the Economic Commission Board of OPEC at its 141st meeting, OPEC boss Haitham Al Ghais said that he expected robust growth in the demand for crude oil. Continue reading OPEC still optimistic about oil demand growth
Together with partners, TotalEnergies has committed to a final investment decision (FID) for the second phases of development for the Sépia and Atapu fields. Continue reading TotalEnergies makes FID on Brazilian projects
Reuters reports that OPEC will start reporting its forecasts for crude oil demand from the OPEC+ group, rather than focusing solely on OPEC member countries. Continue reading OPEC indicates that OPEC+ is here to stay
Energy firm TotalEnergies has announced that the Eldfisk North project has begun successfully producing oil. Continue reading TotalEnergies to begin producing oil at Eldfisk North