Oil and Gas

By: Inspenet, December 8, 2022.
Chinese oil imports rose 12% in November from a year earlier and reached their highest level in ten months, according to data from China’s General Administration of Customs.

By: Inspenet, December 8, 2022.
Petronas Carigali, a wholly owned subsidiary of Malaysian energy giant Petronas, has made a new oil and gas discovery in Block SK 100, offshore Malaysia.

By: Inspenet, December 5, 2022.
The members of OPEC+ decided yesterday, Sunday, to maintain their oil production levels in a particularly unstable context, the eve of the entry into force of the sanctions against Russian oil.

By : Inspenet, Nov 30, 2022
A group of organizations linked to the oil industry have joined their agribusiness and biofuels peers for the first time in expressing their support for US legislation that would expand E15, a higher blend of ethanol and gasoline, to the entire country. reported Reuters.

By: Inspenet, November 29, 2022.
The price of Brent crude traded below $82 a barrel on Monday for the first time since January 11, according to data from the London ICE stock exchange. The January futures price for this brand of crude fell 2.79% to $81.3 per barrel.

By : Inspenet, Nov 29, 2022
Guyana is home to one of the biggest oil discoveries of the last decade, with around 11 billion barrels discovered so far. A consortium that controls the country’s crude production plans to pump 1.2 million barrels per day (bpd) by 2027, up from 380,000 bpd expected by the end of the year.

By: Inspenet, November 29, 2022.
The Directorate of Hydrocarbons of the Ministry of Economy and Energy of Mendoza will launch a new bidding model that will not only make investments more attractive, but will also guarantee that they are continuous and that no call is left unanswered.

By: Inspenet, November 24, 2022.
Ecuador is looking to potentially attract foreign investment for the key ITT and Sacha oil blocks in a bid to increase oil production to 600,000 barrels a day by 2025, avoiding a production stagnation, the country’s Energy Minister Fernando Santos said this week. , in a note released by Reuters.

By: Inspenet, November 24, 2022.
According to the National Agency for Petroleum, Natural Gas and Biofuels (ANP), in October, 148.7 million m3 per day of natural gas and 3.24 million barrels per day of oil were produced.

By: Inspenet, November 23, 2022.
Guyana has a rapidly growing world supply. Over the past three months, ExxonMobil’s Liza projects in the offshore Stabroek block have produced nearly 34 million barrels of light to medium sweet crude.