Oil Prices Dip but Stay on Track to Extend Last Week’s Gains
Crude oil prices were set for another weekly rise after additional 25% tariffs on Indian exports to the United States kicked in on Wednesday, raising...
Category : Upstream
Hydrogen Production: POSTECH–SNU Unveil Rapid Discovery of High-Performance Oxide for Green Hydrogen
It’s no secret that green hydrogen has become a linchpin in the global push towards industrial decarbonization. Yet most production methods still rely on costly...
Petronas Starts Production in Bindu Field
Malaysia’s Petroliam Nasional Berhad (Petronas) has produced the first hydrocarbons from the Bindu field, located 210 kilometers (136 miles) off the coast of Terengganu. The...
Macquarie Strategists Forecast USA Crude Inventory Drop
In an oil and gas report sent to Rigzone by the Macquarie team late Monday, Macquarie strategists, including Walt Chancellor, revealed that they are forecasting...
India Refiners to Curb Russian Buys
Refiners in India, among the largest buyers of Russian crude, are planning to trim their purchases in the coming weeks, a modest concession to Washington’s...
North America Goes Back to Losing Rigs
North America dropped four rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was released on August 22. The...
Upstream’s Mounting Challenge to Deliver Future Oil Supply – Wood Mackenzie
The industry must look beyond short-term price volatility “Oil demand isn’t going away any time soon” was reported as the overwhelming verdict of a good...
Upstream investment in Africa: What’s the future as new investment hotspots replace legacy producers?
Upstream investment in Africa has been slower to recover from the pandemic compared to more agile regions with lower costs. Upstream investment in Africa has...
Shell signs ten-year LNG supply agreement with Turkish energy company
ANKARA, TÜRKIYE – Shell International Trading Middle East Fze (Shell) and Türkiye’s Boru Hatları ile Petrol Taşıma AŞ (BOTAŞ) have signed a ten-year agreement through which...