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The rebound in VLCC rates since the record low of 2023
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
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The rebound in VLCC rates since the record low of 2023
VLCC tanker rates from the Gulf of Mexico to Europe and Asia are beginning to recover after a year of sharp declines, due to fluctuating demand for crude oil.
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TotalEnergies targets production of 220,000 barrels/day in Suriname
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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TotalEnergies targets production of 220,000 barrels/day in Suriname
TotalEnergies launches the development of the Gran Morgu field offshore Suriname. An FPSO will be installed, with discussions underway to integrate Petrobras into the project.
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Repsol and Maduro consolidate their union despite diplomatic tensions
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
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Repsol and Maduro consolidate their union despite diplomatic tensions
Despite a political crisis between Venezuela and Spain, Repsol and the Venezuelan government are stepping up their cooperation in the energy sector, with agreements on oil and gas exploration.
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Gulf of Mexico: oil rigs evacuated under hurricane threat
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
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Gulf of Mexico: oil rigs evacuated under hurricane threat
Oil companies operating in the Gulf of Mexico are evacuating their employees as a hurricane approaches, temporarily threatening production in this strategic region.
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Lower Chinese export quotas: Impact on LSFO’s Asian market
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
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Lower Chinese export quotas: Impact on LSFO’s Asian market
China's lower export quotas for LSFO led to an increase in imports from Singapore, stabilizing the Asian market despite increased supply from the West.
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Oil price rises with Middle East tensions and a weak dollar
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
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Oil price rises with Middle East tensions and a weak dollar
Geopolitical tensions in the Middle East and a falling dollar are fuelling a rise in oil prices, against a backdrop of growing demand as winter approaches.
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DRC: An oil terminal launched in Goma to better supply Eastern DRC
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
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DRC: An oil terminal launched in Goma to better supply Eastern DRC
The Democratic Republic of Congo is strengthening its energy infrastructure with a new oil terminal in Goma, designed to stabilize fuel supplies in the east of the country and reduce distribution costs.
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Angola: Optimization of Block 3/05 to stabilize oil production
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
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Angola: Optimization of Block 3/05 to stabilize oil production
Block 3/05 in Angola, operated by Sonangol, is the focus of a strategic program designed to offset the decline in oil production due to the maturity of the reservoirs.
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Sinochem closes third refinery in China due to low margins
The closure of Sinochem's third refinery in Shandong underscores the economic difficulties associated with rising crude costs and weak demand for refined fuel.
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Sinochem closes third refinery in China due to low margins
The closure of Sinochem's third refinery in Shandong underscores the economic difficulties associated with rising crude costs and weak demand for refined fuel.
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Electrification of oilfield sites cuts CO2 emissions by 80
The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
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Electrification of oilfield sites cuts CO2 emissions by 80
The electrification of oil and gas infrastructures could reduce production-related CO2 emissions by up to 80%, a strategic step forward for the sector, according to a study by Rystad Energy.
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Ukrainian strikes on Russian refineries cause little disruption
Since January, Ukraine has been targeting Russian refineries to destabilize the economy and military supplies. Despite some interruptions, the overall impact remains under control, and repairs are proceeding rapidly.
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Ukrainian strikes on Russian refineries cause little disruption
Since January, Ukraine has been targeting Russian refineries to destabilize the economy and military supplies. Despite some interruptions, the overall impact remains under control, and repairs are proceeding rapidly.
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USA: Record diesel exports to Europe and Latin America
This summer, diesel exports from the US Gulf Coast reached record levels, with unprecedented volumes headed for Europe and Latin America, supported by competitive freight rates and increased production.
USA: Record diesel exports to Europe and Latin America
This summer, diesel exports from the US Gulf Coast reached record levels, with unprecedented volumes headed for Europe and Latin America, supported by competitive freight rates and increased production.
France: The future of a drilling site in the conversion debate
Bridge Energies is defending the extension of its boreholes in Seine-et-Marne to finance alternative energy projects, despite opposition linked to the risks to drinking water.
Site de forage en Seine-et-Marne
France: The future of a drilling site in the conversion debate
Bridge Energies is defending the extension of its boreholes in Seine-et-Marne to finance alternative energy projects, despite opposition linked to the risks to drinking water.
Site de forage en Seine-et-Marne
Saudi Arabia cuts oil exports to 5741 million b/d
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics. This situation raises crucial questions about the future of the global energy sector.
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Saudi Arabia cuts oil exports to 5741 million b/d
Saudi Arabian crude oil exports hit their lowest level ever in July, revealing strategic adjustments in the face of uncertain market dynamics. This situation raises crucial questions about the future of the global energy sector.
TEMPLATE ENERGYNEWS(466)
CNOOC powers Asia with 17900 barrels per day at Liuhua 11-1 field
CNOOC Limited launches production from the Liuhua 11-1/4-1 oil field, a major breakthrough in the China Sea. This innovative project, combining technology and sustainability, promises to transform Asia's energy landscape while addressing contemporary environmental challenges.
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CNOOC powers Asia with 17900 barrels per day at Liuhua 11-1 field
CNOOC Limited launches production from the Liuhua 11-1/4-1 oil field, a major breakthrough in the China Sea. This innovative project, combining technology and sustainability, promises to transform Asia's energy landscape while addressing contemporary environmental challenges.
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Russian oil exports up in October despite internal challenges
Russian oil exports could rise in October, despite internal challenges related to refining capacity. This dynamic raises questions about the potential impact on the global market and the country's energy policy.
Port de Primorsk, Russie
Russian oil exports up in October despite internal challenges
Russian oil exports could rise in October, despite internal challenges related to refining capacity. This dynamic raises questions about the potential impact on the global market and the country's energy policy.
Port de Primorsk, Russie
Pipeline fire near Houston impacts natural liquids market
A fire on an Energy Transfer pipeline near Houston raises concerns about infrastructure safety and impacts the natural liquids market. Local authorities react quickly, while an investigation is launched to determine the causes of the incident.
Vue de l'incendie de la pipeline près de Houston
Pipeline fire near Houston impacts natural liquids market
A fire on an Energy Transfer pipeline near Houston raises concerns about infrastructure safety and impacts the natural liquids market. Local authorities react quickly, while an investigation is launched to determine the causes of the incident.
Vue de l'incendie de la pipeline près de Houston
Reforms in Mexico: Challenges and opportunities for the oil and gas sector
Mexico's oil and gas sector faces controversial legal reforms, threatening judicial independence and democracy. Companies are calling for greater cooperation to exploit national resources and reduce dependence on imports.
Olmeca refinery in Dos Bocas, Mexico
Reforms in Mexico: Challenges and opportunities for the oil and gas sector
Mexico's oil and gas sector faces controversial legal reforms, threatening judicial independence and democracy. Companies are calling for greater cooperation to exploit national resources and reduce dependence on imports.
Olmeca refinery in Dos Bocas, Mexico
Petroperu: Financial challenges and government support crucial for the future
Petroperu, the state-owned oil company, is going through a major financial crisis, requiring urgent government support. With an alarming debt and management challenges, its future depends on effective reforms and political stability to guarantee Peru's energy security.
Logo petroperu
Petroperu: Financial challenges and government support crucial for the future
Petroperu, the state-owned oil company, is going through a major financial crisis, requiring urgent government support. With an alarming debt and management challenges, its future depends on effective reforms and political stability to guarantee Peru's energy security.
Logo petroperu
Nigeria: Commissioning of the Dangote mega-refinery
The commissioning of the Dangote mega-refinery marks a turning point for Nigeria, promising energy self-sufficiency. However, in a difficult economic context, questions remain about its real impact on fuel prices and supply.
Raffinerie Dangote, Nigeria
Nigeria: Commissioning of the Dangote mega-refinery
The commissioning of the Dangote mega-refinery marks a turning point for Nigeria, promising energy self-sufficiency. However, in a difficult economic context, questions remain about its real impact on fuel prices and supply.
Raffinerie Dangote, Nigeria
Shandong refineries face crude shortage and rising costs
Independent refineries in Shandong, China, are facing a shortage of raw materials and increased costs due to new tax regulations. This situation threatens their profitability and could impact the entire Chinese oil market.
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Shandong refineries face crude shortage and rising costs
Independent refineries in Shandong, China, are facing a shortage of raw materials and increased costs due to new tax regulations. This situation threatens their profitability and could impact the entire Chinese oil market.
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Senegal: Oil boom and challenges for the future of the energy sector
Senegal's oil sector is undergoing a rapid transformation, with crude oil exports rising to 100,000 barrels per day. This development raises crucial issues for the world market and the country's economic future.
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Senegal: Oil boom and challenges for the future of the energy sector
Senegal's oil sector is undergoing a rapid transformation, with crude oil exports rising to 100,000 barrels per day. This development raises crucial issues for the world market and the country's economic future.
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Increase in Saudi crude supplies to China in October
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
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Increase in Saudi crude supplies to China in October
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
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IEA lowers oil demand growth forecast for 2024
The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.
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IEA lowers oil demand growth forecast for 2024
The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.
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U.S. gasoline prices to fall below $3/gallon by November
US gasoline prices are expected to fall below $3/gallon by the end of October, potentially influencing voters' choices in the run-up to the presidential elections.
Station essence aux USA
U.S. gasoline prices to fall below $3/gallon by November
US gasoline prices are expected to fall below $3/gallon by the end of October, potentially influencing voters' choices in the run-up to the presidential elections.
Station essence aux USA
ADNOC faces challenges to launch Upper Zakum futures contract
ADNOC's Upper Zakum exports are falling, making it difficult to launch a futures contract for this medium-sulphur crude. Liquidity and market challenges emerge as OPEC+ plans a quota increase.
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ADNOC faces challenges to launch Upper Zakum futures contract
ADNOC's Upper Zakum exports are falling, making it difficult to launch a futures contract for this medium-sulphur crude. Liquidity and market challenges emerge as OPEC+ plans a quota increase.
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