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Taiwan’s CPC to receive first US Bakken crude cargo in August

5 days ago DieselGasoil Comments Off on Taiwan’s CPC to receive first US Bakken crude cargo in August
Singapore — Taiwan’s CPC has bought its first cargo of the US Bakken crude for delivery in August, as the refiner looks to expand its US crude feedstock slate beyond the usual purchases of WTI Midland crude, a source with knowledge of the matter said Wednesday. Not registered? Receive daily email alerts, subscriber notes & Read More

Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up

5 days ago DieselGasoil Comments Off on Analysis: US-China trade tension unlikely to curb US-Asia crude flows as Taiwan steps up
Singapore — China’s appetite for US crude oil seems unlikely to show any meaningful recovery in the second half of 2019 amid prolonged Washington-Beijing trade tension, but the overall US-East Asia crude flows may still flourish as Taiwan continues to fill the demand gap left by Chinese buyers. Not registered? Receive daily email alerts, subscriber Read More

Refinery news roundup: Africa incidents, planned work in focus

6 days ago DieselGasoil Comments Off on Refinery news roundup: Africa incidents, planned work in focus
London — Across Africa, new launches and upgrades remain in focus while news is emerging of planned works and unplanned outages. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now NEAR-TERM AND FUTURE –South Africa’s largest refinery Sapref has entered its summer maintenance period, which runs from May 25 to Read More

BHGE launches multimodal facility expansion in Angola

7 days ago DieselGasoil Comments Off on BHGE launches multimodal facility expansion in Angola
6/10/2019 LUANDA — Baker Hughes, a GE company (BHGE), has announced the inauguration of its multimodal facility (MMF) for oil and gas in Luanda, Angola. The facility, with its additional capabilities across multiple product lines, will deliver a suite of products and services across the oil and gas value chain. It will serve as a Read More

OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey

1 week ago DieselGasoil Comments Off on OPEC crude oil output shrinks in May, as Saudis cut further: S&P Global Platts survey
Highlights OPEC pumps 30.09 mil b/d, down 170,000 b/d from Apr Saudi output 9.70 mil b/d, lowest since January 2015 Sanctions-hit Iran at 2.45 mil b/d, near 21-yr low Iraq surges to all-time high of 4.82 mil b/d London — OPEC has so far avoided a bruising intra-bloc market share battle, with top exporter Saudi Read More

ExxonMobil, Sonangol sign Angola oil Block 15 redevelopment deal

2 weeks ago DieselGasoil Comments Off on ExxonMobil, Sonangol sign Angola oil Block 15 redevelopment deal
Highlights ExxonMobil signed an agreement with Angolan state-owned Sonangol Wednesday to redevelop deepwater oil Block 15. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now Exxon Mobil’s director general in Angola, Andre Kostelnik, signed the deal on the key lucrative deepwater block with Sonangol’s chairman Sebastiao Gaspar Martins during the Read More

Angola kick-starts plan to address dramatic output decline

2 weeks ago DieselGasoil Comments Off on Angola kick-starts plan to address dramatic output decline
Luanda — Angola’s steep decline in crude production over the past three years has been tough to ignore. The government led by President Joao Lourenco has unearthed a plan that includes tendering as many as 50 marginal fields to foreign oil companies in a bid to revive its crude output. Not registered? Receive daily email Read More

Eni reports its fifth light oil discovery offshore Angola

2 weeks ago DieselGasoil Comments Off on Eni reports its fifth light oil discovery offshore Angola
6/3/2019 MILAN — Eni has made the fifth oil discovery in one year in Block 15/06, in Angola’s deep offshore. The well has been drilled on the Agidigbo exploration prospect, and analysis of post drill results indicate between 300 and 400 MMbbl of light oil in place. The Agidigbo-1 NFW has been drilled by the Read More

Eni makes fifth oil discovery in Angola’s prolific Block 15

2 weeks ago DieselGasoil Comments Off on Eni makes fifth oil discovery in Angola’s prolific Block 15
Luanda — Italy’s Eni is experiencing a purple patch in oil discoveries offshore Angola, making its fifth oil discovery in 12 months in the prolific deepwater Block 15. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The oil major made a light oil discovery in the Agidigbo prospect close Read More

Eni’s makes fifth oil discovery in Angola’s prolific Block 15

2 weeks ago DieselGasoil Comments Off on Eni’s makes fifth oil discovery in Angola’s prolific Block 15
Luanda — Italy’s Eni is experiencing a purple patch in oil discoveries offshore Angola, making its fifth oil discovery in 12 months in the prolific deepwater Block 15. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The oil major made a light oil discovery in the Agidigbo prospect close Read More