Phillips 66 is planning to permanently cease processing of crude oil at the 120,000-b/d portion of its San Francisco refining complex in Rodeo, California and convert the plant into a renewable fuels refinery as part of an investment strategy in the operator’s energy transition to…
The US has seized four tankers carrying Iranian gasoline bound for Venezuela in an unprecedented move by the Trump administration which carries the potential to destabilise global oil shipments if Iran retaliates. The tankers were transporting 1.116 million barrels of petroleum, which has now…
Venezuela – one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC – could soon be producing close to zero barrels of oil, according to a new analysis by IHS Markit. Venezuelan crude oil…
The idea of producing cleaner-burning hydrogen to rid the world of fossil fuels is gaining traction in the unlikeliest of places: Alberta, home of the infamously dirty oil sands. Better known for energy companies which have been blacklisted by the Church of England for their…
Bahamas Petroleum Company (BPC) has been granted an interim force majeure extension to the second exploration period for its southern licences in The Bahamas, which will ensure the drilling of the Perseverance #1 well can be completed within the planned timeframe of the rig contract….
In its August Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) forecasts Brent crude oil spot prices will average US$41/bbl in 2020 and US$50/bbl in 2021 and West Texas Intermediate (WTI) spot prices will average US$39/bbl in 2020 and US $46/bbl in 2021….
Industry-leading alternative fuel provider, American Natural Gas (ANG), has announced its support of one of the country’s largest brewers, Anheuser-Busch, as the company continues to implement carbon reduction strategies in its supply chain by transitioning more than 180 delivery trucks in its Houston and St Louis dedicated fleets to…
Heerema’s semi-submersible crane vessel Sleipnir has completed the single-lift removal of Shell’s 10,100-metric ton (11,133-ton) Brent Alpha platform jacket in the UK northern North Sea. According to the company, this single jacket lift breaks the Sleipnir’s recent record for lifting the 8,100-metric ton (8,929-ton)…
Oil Leak from Cargo Ship Pollutes Mauritius Beaches as Insurers Assess Liability The oil clean-up from a leaking cargo ship which ran aground off the coast of Mauritius continues while the government and insurance firms begin probing liability for the accident. The incident has…
Sompo International taps Barbican for new cyber head Sompo International has named Lauren Folkard as vice president and head of cyber for the London Market.. Oneglobal launches Asia operation with more former JLT hires Oneglobal has announced the launch of Oneglobal Group Asia and…
