The US will sell 5 million barrels of sour crude from its Strategic Petroleum Reserve as part of a test sale to evaluate its ability to distribute oil in the event of an emergency, the Department of Energy said Wednesday in a Notice of ...
Tags: Sour Crude, Department of Energy
With US refineries expanding their capacity to process more domestic light oil in the coming years, the US Energy Information Administration on Tuesday said it expects refinery crude inputs to reach 15.52 million b/d this year and 15.61 ...
Tags: US Refinery, Domestic Production, light oil
Turkish steel pipe producer Borusan Mannesmann has told SteelOrbis that the company's US oil country tubular goods (OCTG) investment in Houston, Texas remains on track within the projected schedule, with the threading facility already being ...
Tags: Metallurgy, Mineral, Energy, Steel
The changing political situations in the Middle East are focusing attention on possibly significant increases in energy production, but countries that could produce that energy still face significant hurdles, according to a panel of Middle ...
Tags: energy production, Mineral
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil and gas developer, has become the first Chinese firm licensed to look for oil in the Arctic, a landmark step for overseas energy exploration for the world's ...
Tags: Arctic Oil, Mineral
The Norwegian Petroleum Directorate has announced a 4.4% increase in the estimated total recoverable resources offshore Norway to 14.2 billion cubic meters of oil equivalent, boosted by the inclusion of resources from among other things a ...
US fuel oil demand fell to a seven-month low of 218,000 b/d in December, while 2013 demand overall was the lowest on record, US Energy Information Administration data published Thursday showed. The Thursday data are monthly numbers ...
The drop in net imports of oil (crude and petroleum products combined) was the major contributor to the United States reaching its lowest net trade deficit in November 2013 since 2009, although the trade deficit increased in the final month ...
Tags: lowest net trade deficit, stagnating domestic product demand
Iraq aims to boost its oil exports by nearly 26% to 3.4 million b/d in 2014, a senior official said Wednesday. "Exports reached more than 2.7 million b/d this month, and the rate [that] is planned for 2014, including exports from the ...
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
BP has started up its US Gulf deepwater Na Kika Phase 3 oil project, the company said Monday. The first Na Kika well began producing oil February 19, with another expected to start in the second quarter. The full Na Kika Phase 3 project ...
Tags: Oil Production, Mineral
US crude stocks rose 1 million barrels last week, just over half of what analysts were expecting, as a drop in refinery run rates was partly offset by a decrease in US imports, according to data released Thursday by the US Energy ...
Tags: Crude Stocks, Chemicals
Norwegian crude oil production in January averaged 1.568 million b/d of oil, up 5.7% from 1.484 million b/d for January 2013, according to preliminary figures released Friday by the Norwegian Petroleum Directorate. The latest figure also ...
Tags: Oil Output, Mineral
Norway sold 9.9 billion cubic meters of gas in January, down 6% from 10.5 Bcm a year earlier and below the 10.2 Bcm in December, according to preliminary figures Friday from the Norwegian Petroleum Directorate. It said gas and oil ...
Eastern Canada's Nova Scotia government is in favor of the proposed 1.1 million b/d Energy East crude oil pipeline terminating at a deep water port in the province, rather than in neighboring New Brunswick on the Atlantic coast, the ...
Tags: Nova Scotia, Oil Pipeline