Latest News for: Oil industrie

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Omnix signs digitalisation, safety deal with viAct

Gulf Daily News 29 Nov 2022
Omnix, an end-to-end digital solutions pioneer, has signed a deal with viAct, a leading ESG-focused AI firm, to foster digitalisation and boost safety in the Architecture, Engineering and Construction (AEC) and Oil and Gas Industry.  ... The Oil & Gas industry is no far behind. .
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Energy industry to be tested in ’23

Odessa American 29 Nov 2022
Wright said ‘22 “was a great year for the Texas oil and gas industry overall with increased production, a record $11 billion dollars in production tax revenues paid to the state so far and a continued decline in our percentage of flaring ... “The Texas oil and gas industry has always ...
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Norway to postpone oil and gas licensing round

FX Empire 29 Nov 2022
The 26th licensing round grants the right to oil companies to explore and produce oil and gas in areas not explored previously ... “We are worried that the framework conditions (for) the oil and gas industry in Norway are being challenged twice a year with a budget and then with the updated budget,” Anders Opedal told Reuters.
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How to make a profit trading oil?

The Bitcoin News 29 Nov 2022
How does crude oil move? ... In 2008, crude oil reached $145.31 per barrel ... Many experts find that oil trading software systems are the industry’s future ... The oil industry had been trapped in the past until recently, technologically speaking, although it’s one of the world’s biggest trading sectors ... How do oil trading platforms work?.
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US rule would limit methane leaks from public lands drilling

Chatanooga Times Free Press 29 Nov 2022
11 proposal, announced as Biden attended a global climate conference in Egypt, targets the oil and gas industry for its role in global warming even as the president has pressed energy producers for more oil drilling to lower prices at the gasoline pump. Oil and gas ...
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Labour turmoil sweeps Australia as inflation stirs ‘spirit of anger’

FX Empire 29 Nov 2022
In the offshore oil and gas industry, workers at a site run by Santos Ltd, Varanus Island, have been disrupting operations for more than 100 days, while those at gas facilities run by Chevron Corp and Woodside Energy Group are pushing for union-led wage deals at sites where unions previously have not been active.
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Russia pursuing extensive energy cooperation with China: Deputy premier

Anadolu Agency 29 Nov 2022
China is one of the key manufacturers of equipment in the oil and gas sector ... “The recent restrictions, the decisions to implement price caps – all these actions entail huge risks for the industry, causing a shortage of energy resources and investments … and not only in the oil industry,” he said.
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Labour turmoil sweeps Australia as inflation stirs 'spirit of anger'

RNZ 29 Nov 2022
In the offshore oil and gas industry, workers at a site run by Santos Ltd, Varanus Island, have been disrupting operations for more than 100 days, while those at gas facilities run by Chevron Corp and Woodside Energy Group are pushing for union-led wage deals at sites where unions previously have not been active.
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Cargill to buy soybean processor and oil refiner Owensboro Grain

Reuters 29 Nov 2022
The purchase includes a soybean processing plant and oil refinery on the lower Ohio River in Owensboro, Kentucky ... Privately held Owensboro Grain has the capacity to process 39.5 million bushels of soybeans annually into vegetable oil and soybean meal for livestock and poultry feed ... Soybean oil is expected to be the industry's largest feedstock.
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Woodside completes Sangomar FPSO

Natural Gas World 29 Nov 2022
Hull and marine works, external turret and topsides module installation and conversion work on the vessel were completed by COSCO Shipping Heavy Industry ... The FPSO facility is specifically designed for the processing of hydrocarbons and the storage of oil before being transported to markets around the world.
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Despite dip in LA County gas prices, protestors slam oil companies after record-high profits

ABC7 29 Nov 2022
The protestors are slamming oil companies for what they say is price gouging ... However, representatives for the oil industry say it boils down to supply and demand ... Members of the California Energy Commission (CEC) are expected to grill oil industry leaders on their record profits on Tuesday at a public hearing.
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U.S. seeks to limit flaring and methane leaks from public lands drilling

Yahoo Daily News 29 Nov 2022
government already proposed for the industry on private lands ... oil and natural gas production takes place, primarily in Western states ... An oil and gas industry group said federal methane regulation should be handled by the Environmental Protection Agency, which has been crafting its own rules.Story continues.
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Parikh panel backs lifting cap on price of gas produced in ‘difficult fields’

Live Mint 29 Nov 2022
... petroleum, ONGC, OIL and Reliance Industries remained unanswered till press time.Under the current mechanism, prices are reviewed every six months —1 April and 1 October —based on prices in gas surplus nations such as the US, Canada and Russia in a year with a lag of one quarter.
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NEITI: Nigeria Earned $741.48bn from Oil, Gas Sales in 21 Years

This Day 29 Nov 2022
The Nigeria Extractive Industries Transparency Initiative ((NEITI) has said that the country earned N741.48 billion from oil and gas sales between 1999 and 2020, a period of 21 years ... and published 25 cycles of audit reports in the oil and gas sector, covering the same period.
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EU's Shipping Nations Seek Higher Russian Oil Price Cap Amid Disagreements - Source

Urdu Point 29 Nov 2022
"One group of countries is suggesting a higher price cap, closer to the market value of the Russian oil and closer to what the (European) Commission proposed last week ... The first group argues for a price cap of around $70 over concerns that a lower ceiling will destabilize the oil shipping industry and the energy market in general.

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