JAPEX begins drilling second exploratory CCS well in Tomakomai
Japan Petroleum Exploration (JAPEX) began drilling its second exploratory well in the Tomakomai area of Hokkaido, Japan.
Read Full ArticleChina Added 200,000 Bpd to Crude Reserves in July Despite Hormuz Crisis
China is estimated to have added about 200,000 barrels per day (bpd) of crude oil to its huge inventories in July as imports rebounded from …
Read Full ArticleChina Oil Imports Jump 22% Even as Economic Data Disappoints
China began the third quarter with weaker-than-expected key economic indicators, raising additional concerns about the health of its economy and its demand for crude oil …
Read Full ArticleIndia’s Chief Economic Adviser Calls for Return of E10 Petrol
India’s government should consider bringing back fuel with ethanol blending content lower than 20% amid concerns about potential damage to the old vehicle and two-wheeler …
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Argentina LNG seeks RIGI approval for $51bn integrated LNG project
Argentina LNG has applied to participate in Argentina’s Large Investment Incentive Regime (RIGI) as it pursues the development of an integrated liquefied natural gas (LNG) …
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Wison Engineering wins $4bn EPC contract for ADNOC Gas in Abu Dhabi
Wison Engineering has secured an engineering, procurement and construction (EPC) contract valued at approximately $4.04bn from ADNOC Gas for Phase 2 of the Rich Gas …
Read Full ArticleAsian Refiners Seek Alternative Pickup Point for Saudi Crude
Heightened risks to shipping safety in the Red Sea have prompted some Asian refiners to ask Saudi state oil giant Aramco to pick up its …
Read Full ArticleIndian Oil Giant Secures U.S. License to Return to Venezuela
India’s Oil and Natural Gas Corporation has secured a license from the U.S. Office of Foreign Assets Control to return to Venezuela, Indian media have …
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Petrobras confirms hydrocarbon presence in deepwater well off Brazil
Petrobras has discovered hydrocarbons in an exploratory well in block FZA-M-59, located in ultra-deep waters roughly 175km off the coast of Amapá, Brazil.
Read Full ArticleIndia Lets Delayed Renewable Projects Pay to Keep Grid Access
India’s authorities have given solar developers missing their deadlines the option to pay to keep their grid connectivity instead of losing it, Reuters has reported, …
Read Full ArticleHormuz Tanker Traffic Slows to a Trickle
Tanker traffic via the Strait of Hormuz slowed further over the weekend, maintaining upward pressure on oil prices. At the time of writing, Brent crude …
Read Full ArticleHave Middle East Oil Flows Rebounded to 15 Million Bpd as U.S. Claims?
U.S. Energy Secretary Chris Wright this week said that the oil exports from the Middle East have rebounded to 15 million barrels per day (bpd) …
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