Industry News

Jadestone starts arbitration against Inpex over Vietnam deal

3 July 2020, 8:47am

Read more... (source:

Oil Heads for Weekly Gain on Economic Optimism

3 July 2020, 8:31am
Oil slipped Friday but remained on track for a weekly gain.
Read more... (source:

Subsea 7 Nets Sizeable GOM Contract

3 July 2020, 8:20am
Subsea 7 has been awarded a 'sizeable' contract for work in the Gulf of Mexico.
Read more... (source:

1H Discoveries at Lowest Point in 21st Century

3 July 2020, 8:04am
Global discoveries of conventional resource volumes dwindled in the first half of this year.
Read more... (source:

Yinson settles cancelled $1B FPSO deal for Ca Rong Do field off Vietnam

3 July 2020, 7:41am

Read more... (source:

Borr Drilling wins back compliance with NYSE listing standard

3 July 2020, 7:21am

Read more... (source:

Transocean hired to drill on Shenandoah project in Gulf of Mexico

3 July 2020, 6:46am

Read more... (source:

U.S. offshore rig count climbs to 12 units

3 July 2020, 6:36am

Read more... (source:

Light Crude Settles Above $40

2 July 2020, 8:56pm
Oil closed at its highest level in almost four months.
Read more... (source:

Analysts Expect Refinery Closures

2 July 2020, 6:48pm
The global refining industry is entering a consolidation phase, according to Goldman Sachs Group Inc.
Read more... (source:

Two Die in South Africa Refinery Blast

2 July 2020, 6:36pm
A unit of Glencore Plc said two people died in an explosion and a fire at its oil refinery in Cape Town.
Read more... (source:

Filing Shows ExxonMobil Loss

2 July 2020, 5:56pm
Exxon Mobil Corp. incurred an unprecedented second straight quarterly loss.
Read more... (source:

Renewable energy investments swelling, oil & gas giants’ energy transition speeding up

2 July 2020, 2:27pm

Read more... (source:

US floating LNG export project struggling to lock in buyers

2 July 2020, 1:14pm

Read more... (source:

Armed pirates kidnap crew members from BW Offshore’s FPSO

2 July 2020, 12:51pm

Read more... (source:

Offshore watchdog clears drilling ops for Equinor and ConocoPhillips

2 July 2020, 12:50pm

Read more... (source:

Odfjell rig heads to South Africa for Total drilling campaign

2 July 2020, 12:14pm

Read more... (source:

180-day Eni Contract Goes to Vantage

2 July 2020, 11:45am
Eni Montenegro BV is contracting the Topaz Driller premium jack-up rig from Vantage Drilling International offshore Montenegro for 180 days.
Read more... (source:

Yemen Rebels Send Repair Team to Stricken Tanker

2 July 2020, 10:40am
Yemen's Houthi rebels say they've sent a maintenance team to repair an aging oil tanker laden with more than 1 million barrels.
Read more... (source:

API Welcomes USMCA Implementation

2 July 2020, 10:26am
The American Petroleum Institute has welcomed the implementation of the U.S.-Mexico-Canada Agreement.
Read more... (source:

US Crude Inventories Drop 7+ Million Barrels

2 July 2020, 9:36am
U.S. commercial crude oil inventories decreased by 7.2 million barrels from June 19 to June 26, according to the latest weekly petroleum data from the EIA.
Read more... (source:

Oil Up as Stockpile Draw Offsets Virus Fear

2 July 2020, 7:50am
Oil rose for a second day as a bigger-than-expected draw in American crude stockpiles and plunging output from OPEC producers outweighed nervousness about a coronavirus resurgence in the U.S.
Read more... (source:

Oil Search Cuts 34 Percent of Staff

2 July 2020, 7:41am
Oil Search has slashed its staff count by 34 percent since March.
Read more... (source:

Appalachia on Cusp of Energy Renaissance

2 July 2020, 7:33am
Appalachia is on the cusp of an energy and petrochemical renaissance, according to a new report released by the U.S. Department of Energy.
Read more... (source:

Oil Prices Rise Amid Drop in US Inventories

1 July 2020, 9:12pm
Crude gained after signals of shrinking stockpiles in the U.S., but fears of the virus crimping demand are holding futures back from rallying past $40 a barrel.
Read more... (source:

Energy CEOs Drop Climate Change Talk to Stress Survival

1 July 2020, 6:26pm
"What's been front and center has been the extreme volatility and carnage that's occurred in the energy sector," said one energy analyst.
Read more... (source:

Citigroup Declares Oil Products Demand Turning Point

1 July 2020, 4:05pm
Demand growth for refined oil products will never return to the levels it reached before the coronavirus outbreak, Citigroup said.
Read more... (source:

Merkel Decries US Sanctions Against Baltic Pipeline

1 July 2020, 3:38pm
The comments add to growing tension over the Baltic undersea pipeline designed to pump Russian gas directly to Germany.
Read more... (source:

Pricier US Ethane Squeezes Asia Petchems Makers

1 July 2020, 3:01pm
Petrochemicals manufacturers such as Reliance Industries and SP Chemicals face squeezed margins from pricier raw materials as shale supplies plummet.
Read more... (source:

Exxon and Chevron Face Investor Pressure for Oil Demand Outlook

1 July 2020, 2:15pm
America’s biggest oil companies are coming under increasing pressure from climate-conscious investors.
Read more... (source:

Nonfossil sources accounted for 20% of U.S. energy consumption in 2019

1 July 2020, 12:00pm
Overall energy consumption in the United States totaled 100 quadrillion British thermal units (Btu) in 2019, only slightly less than the record set in 2018 and the third-highest level of annual U.S. energy consumption ever. About 20% of U.S. energy consumption in 2019 came from sources other than fossil fuels. Several energy sources hit record consumption values in 2019, based on data in the U.S. Energy Information Administration's (EIA) Monthly Energy Review: natural gas, nuclear, wind, and solar.
Read more... (source:

U.S. commercial crude oil inventories reach all-time high

29 June 2020, 12:00pm
Recent declines in demand for petroleum products have led commercial crude oil inventories in the United States to reach an all-time high of 541 million barrels as of the week ending June 19, which is 5 million barrels more than the previous record set in late March 2017, according to data in the U.S. Energy Information Administration's (EIA) Weekly Petroleum Status Report.
Read more... (source:

U.S. refinery capacity sets new record as of January 1, 2020

26 June 2020, 12:00pm
U.S. operable atmospheric crude oil distillation capacity increased 0.9% during 2019, reaching a record of 19.0 million barrels per calendar day (b/cd), up 0.2 million b/cd from the previous record of 18.8 million b/cd the year before. According to the U.S. Energy Information Administration's (EIA) annual Refinery Capacity Report, U.S. operable crude oil distillation unit (CDU) capacity has increased slightly in seven of the past eight years.
Read more... (source:

*Please note: CGEF is not affiliated with any of the included websites or news organizations. Links are provided for convenience only.