Iran to open oil export terminal beyond Strait of Hormuz next week
(Bloomberg) - Iran plans to ship a cargo of oil from a port in the Gulf of Oman next week, its first crude export from outside the Persian Gulf and beyond the narrow, crisis-prone Strait of Hormuz.“Thefirst vessel has arrived in the Jask region and w…
Angola Receives 45 Bids For Oil Blocks
Angola has received 15 bids for a total of nine oil blocks the government tendered in 2020, Energy Voice reports, citing the Africa Energy Chamber as saying that 15 companies submitted a total of 45 offers for all of the tendered blocks.The combined v…
The American Pipeline War Is Only Just Beginning
It is not a great time to be an oil pipeline developer or operator inNorth America these days. Policymakers are canceling projects and threatening to close operational pipelines. Environmental groups are becoming more vocal in their opposition to any …
Bezos, Branson and Musk Scrambling For Supply Of This Rare Gas
We’ve had supply scares for this gas before; but this time around, itcoincides with the depletion of the US federal reserve and soaring demand from some of the biggest industries on earth. The tech industry is likely to find itself scrambling to secu…
Expect tight oil supplies in August as key OPEC output deadline nears
(Bloomberg) --One week after OPEC and its allies abandoned their meeting in acrimony, the window for an August oil-production increase is closing without any deal in sight.Regardless of the desire of other cartel members for a compromise, there’s lit…
Brazil Plans To Be 5th-Largest Crude Exporter By 2030
Brazil’s expected oil output surge this decade will make it the world’s fifth-largest crude exporter in 2030, Brazilian Mines and EnergyMinister Bento Albuquerque said in an interview with The Rio Times on Thursday.“In2030, when we reach a producti…
China’s oil industry is undergoing a serious makeover
China’s establishment of a national pipeline network, PipeChina, last October is creating a shift in China’soil and gas industry, which aims to create greater competition and encourage new players in the sector. PipeChina acquired the oil and gas p…
'Eye of fire,' Exxon lobbyist's comments fuel renewed attacks on oil industry
Rep. Ro Khanna(D-Calif.), a former co-chair of the Congressional Progressive Caucus, said that while he wouldn’t draw any red lines, he’d like to see an infrastructure bill that gets rid of fossil fuel subsidies but includes investment in electric v…
The Energy Revolution Is Tweaking OPEC Out
In the past month or so—as the pandemic has receded in the rich world, and as people have resumed commuting, road-tripping, and flying again—oil demand has significantly increased. Oil production has not: OPEC countries, which produce about 40 perce…
OPEC+ resumes oil policy talks amid Saudi-UAE standoff
OPEC+ ministers resume talks on Monday after failing to reach a deal on oil output policy in two days of talks last week amid a rare public standoff between Gulf allies Saudi Arabia and the United Arab Emirates.The spat erupted at a sensitive time for…
'Eye of fire' in Mexican waters snuffed out, says national oil company
MEXICO CITY, July 2 (Reuters) - A fire on the ocean surface west of Mexicos Yucatan peninsula early on Friday has been extinguished, state oil company Pemex said, blaming a gas leak from an underwater pipeline for sparking the blaze captured in videos…
Solar water pumps – cheaper, easier but routinely underestimated
Water pumps have long been large part of Australia-based Commodore Independent Energy Systems’ business. The company sends out between 10 to 15 pumps every week, Marketing Manager Matt Miller told pv magazine Australia.Few farms would need pumps that…
Oil drifts sideways ahead of OPEC+ meeting
SINGAPORE,July 1 (Reuters) - Oil prices traded sideways on Thursday as investors waited for a decision from key producers on whether they would maintain or ease supply cuts in the second half of the year.Brentcrude for September edged up 1 cent to $74…
Nigeria Prepares To Reveal New Oil Bill 20 Years In The Making
Nigeria’s Senate is expected to see on Tuesday the presentation of the country’s petroleum industry bill, a new regulation on the oil industry that has taken 20 years to draft.The bill is expected to be presented at the Nigerian Senate today, Reuter…
Pakistan Embassy Beijing organizes forum to attract Chinese investment in SEZs
BEIJING, June 28 (APP): The Embassy of Pakistan Beijing on Monday organized an investment forum and promotion conference aimed at providing a platform to the Chinese enterprises to collaborate with Pakistani companies to take advantage of investment o…
OPEC discusses August crude output hike as oil markets tighten
OPEC+ is discussing whether to further boost production at next week’s meeting as the oil market looks increasingly tight.Moscow is considering making aproposal that the group should ease a global supply deficit by increasing output, according to Rus…