This year IOGP updated the Life Saving Rules.
China’s first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices.
The American Petroleum Institute (API) on Tuesday reported a draw in crude oil inventories of 5.437 million barrels for the week ending September 10.
The previous gathering between the top officials took place in the Serbian capital on February 15.
Norway’s status as a major oil and gas producer has been at the heart of the campaign, although a transition away from petroleum – and the jobs it creates – is likely to be a gradual one despite progress by pro-environment parties.
Kazakhstan’s oil production amounted to 56.1 mln tonnes in January-August 2021, or 99.3% of planned volumes, the republic’s Energy Minister Magzum Mirzagaliyev said at a government’s meeting on Tuesday.
OPEC’s latest Monthly Oil Market Report (MOMR), published yesterday, showed that Nigeria pumped 1.27 million barrels per day (mbpd) last month, lower than 1.38mbpd in July.
Chevron Corp. expects its $10 billion of investment on low carbon technologies through 2028 to offer double digit returns that are competitive with its main oil and gas business.
The Organisation of Petroleum Exporting Countries (OPEC) says world oil demand prospects going into the last quarter of 2021 is being clouded by increased risk of the COVID-19 Delta variant.
Oil climbed above $70 a barrel in New York after three weeks of gains as investors tracked the slow restoration of supplies in the Gulf of Mexico and the outlook for demand and inventories over the fourth quarter.