Oil and Gas

Inspenet, August 6, 2023.
The United States Department of Energy has decided to cancel an offer to purchase 6 million barrels of oil for the Strategic Petroleum Reserve. This decision was made in light of expectations that oil prices will continue to rise.

Inspenet, August 5, 2023.
US-based energy company Hess Corporation has announced a significant oil discovery in an exploration well located in the Gulf of Mexico.

Inspenet, August 3, 2023.
Last week the filling process of the Néstor Kirchner Gas Pipeline was successfully completed and once the necessary tests have been carried out on the valves that connect it to the Neuba II trunk, it will be ready to supply up to 11 million cubic meters of gas extracted from Dead cow.

Inspenet, August 1, 2023.
Prime Minister Rishi Sunak announced the granting of hundreds of new oil and gas licenses in the UK, despite mounting warnings about the danger of global warming.

Inspenet, July 29, 2023.
Shell Australia, a subsidiary of the major oil company Shell, has submitted to Australia’s offshore regulator an Environmental Plan (EP) for the installation of a drilling platform in the Crux natural gas field, located off the coast of Australia. Western.

Inspenet, July 28, 2023.
Saudi Arabia plans to extend the oil supply cut by 1 million barrels through September in an effort to fuel a gradual recovery in crude prices.

Inspenet, July 27, 2023.
The United Nations-led project to prevent a possible massive oil spill from the supertanker FSO Safer, located off the coast of Yemen in the Red Sea, has already begun. The first stage of the project involves the extraction of more than 1 million barrels of oil from the ship that has been in disrepair for several years.

Inspenet, July 25, 2023.
So far in July, oil prices are up around 9%, after a 4% rise in June. This trend was also influenced by US inflation data, which suggested that the Federal Reserve may be less aggressive on interest rates in the future.

Inspenet, July 24, 2023.
Aramco has reported that it has completed the purchase of 10% of the Chinese petrochemical company Rongsheng for 3.4 billion dollars, a move that seeks to strengthen its presence in the Asian market.

Inspenet, July 23, 2023.
Although no faults were found, the Oleoducto Trasandino (OTASA) halted oil exports temporarily due to heavy rains that exposed a section of the line. After verifying the integrity of the structure, operations resumed and the volume shipped increased.