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Refinery news roundup: Minor works at Russian refineries, Antipinsky back

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Minor works at Russian refineries, Antipinsky back
London — Only minor works were heard at Russian refineries before the start of the autumn refinery turnaround season in October. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Meanwhile, the Antipinsky refinery resumed operations on July 18, Sberbank said in a statement. Socar Energoresurs, a joint venture between Read More

Norway’s offshore production beats July forecast, still down for the year

21 hours ago DieselGasoil Comments Off on Norway’s offshore production beats July forecast, still down for the year
8/16/2019 OSLO – The Norwegian Petroleum Directorate’s preliminary production figures for July 2019 show an average daily production of 1,799,000 bbl oil, NGL and condensate, which is an increase of 402,000 bpd compared to June. Total gas sales were 9.5 billion Sm3 (GSm3), which is an increase of 0.1 GSm3 from the previous month. Norwegian Read More

OPEC sees ‘somewhat bearish’ oil outlook even as market tightens

21 hours ago DieselGasoil Comments Off on OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
By Grant Smith on 8/16/2019 LONDON (Bloomberg) – Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. The Organization of Petroleum Exporting Countries, which pumps about a third of the Read More

Refinery news roundup: Africa launches come into focus

21 hours ago DieselGasoil Comments Off on Refinery news roundup: Africa launches come into focus
London — News has emerged about new launches in Africa. Separately, Engen’s refinery in Durban is facing “some challenges” in production and hence will not be able offer bunker fuel in the spot market until the end of September, sources said. The refinery was “highly unlikely” to resume offering until the end of September, which Read More

Oil heads for weekly gain as trade war headlines whipsaw market

22 hours ago DieselGasoil Comments Off on Oil heads for weekly gain as trade war headlines whipsaw market
By Sharon Cho and Grant Smith on 8/16/2019 SINGAPORE (Bloomberg) – Oil headed for a weekly increase as hopes that the U.S. and China could resume negotiations to resolve their trade dispute capped a week of volatile trading. Futures added as much as 1.7% on Friday in New York, bringing their gain for the week Read More

Canadian petroleum agency approves Hibernia platform restart following spill

22 hours ago DieselGasoil Comments Off on Canadian petroleum agency approves Hibernia platform restart following spill
8/16/2019 ST. JOHN’S, NEWFOUNDLAND – The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) issued approval to Hibernia Management and Development Company Ltd. (HMDC) to resume production operations at the Hibernia platform. Hibernia platform Since the spill occurred in mid-July, C-NLOPB staff have had extensive engagement with HMDC to discuss the cause of the spill, along Read More

EIA: Natural gas production at record-high levels despite low prices

23 hours ago DieselGasoil Comments Off on EIA: Natural gas production at record-high levels despite low prices
8/16/2019 WASHINGTON – U.S. natural gas production continued to increase in August despite relatively low natural gas spot prices, setting a new daily production record of 92.1 Bcfd on August 5, 2019, according to data from OPIS PointLogic Energy. Natural gas production increased by 1.5 Bcfd (2.5%) between May and August 2019, led by production Read More

Upwing Energy awarded 10 new downhole rotating device patents

23 hours ago DieselGasoil Comments Off on Upwing Energy awarded 10 new downhole rotating device patents
8/16/2019 CERRITOS, CA. – Upwing Energy has been awarded 10 new patents, for critical enabling technologies in the company’s downhole rotating tools, and proprietary methods used to increase hydrocarbon production and recovery. Upwing Energy SCS The U.S. Patent and Trade Office granted seven patents related to Upwing’s SCS, a downhole compressor system, and three patents Read More

Well-safe Solutions awards contracts for dedicated PandA rig

23 hours ago DieselGasoil Comments Off on Well-safe Solutions awards contracts for dedicated PandA rig
8/16/2019 ABERDEEN – Well-Safe Solutions has awarded two multi-million-pound contracts to continue the transformation of the Well-Safe Guardian, the decommissioning company’s first asset, into a bespoke plug and abandonment unit. Well-Safe Solutions Global Energy Group and Rigfit7seas have been appointed to deliver the ambitious refurbishment of the semi-submersible drilling rig. Global Energy Group will provide Read More

U.S. oil sanctions leave Russian exporters $1 billion richer

24 hours ago DieselGasoil Comments Off on U.S. oil sanctions leave Russian exporters $1 billion richer
By Dina Khrennikova and Anya Andrianova on 8/16/2019 MOSCOW (Bloomberg) – U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between November and July, data compiled by Bloomberg show. The Read More