Tag: oil and gas industry

Russia has modified its restrictions on the export of fuel, including removing prohibitions on high-sulfur diesel and fuel used as bunkering for some vessels.

The United Nations Conference on Trade and Development (UNCTAD) finds that maritime trade volume contracted marginally by 0.4 per cent in 2022, but expects it will grow by 2.4 per cent in 2023.

Oil rig Majestic capsized on August 15th in Nigeria when in-transit to its planned drilling location at Ovhor in Delta State.

According to the Canadian offshore petroleum regulator, the Hibernia Management and Development Company (HMDC), is pleading guilty to an oil spill from a platform off St. John’s Newfoundland, which occurred in July 2019.

The U.S. Energy Information Administration (EIA) informs that U.S. refining capacity increased slightly for the first time since the COVID-19 pandemic, as of January 1, 2023, reversing two years of decline, according to its annual Refinery Capacity Report.

As U.S. Energy Information Administration (EIA) forecasts in its latest latest Short-Term Energy Outlook (STEO), that there will be higher crude oil prices in the second half of 2023 and into 2024, because of moderate but persistent inventory drawdowns.

According to EIA, international proved crude oil and natural gas declined by 5.6 billion barrels of oil equivalent (BOE) in 2022, or 2%, according to data from 187 companies’ annual financial reports. 

The US Coast Guard (USCG) rescued three boaters from an oil rig after their vessel sank near Freeport, Texas on Sunday.

At approximately 21:15 local time on Monday 10th April a generator-related fire occurred on Trinity’s Bravo Platform in the Trintes Field, injuring four people. 

Signal Ocean today released an evaluation on the evolution of oil flows amid the enforcement of EU sanctions on Russian oil.