Oil and Gas

Inspenet, August 31, 2023.
Amid a global outlook that remains uncertain in terms of oil supply and demand, black gold prices remain on a tightrope, at the mercy of both natural and geopolitical factors.

Inspenet, August 28, 2023.
The Talara refinery in Peru has successfully completed the catalytic cracking and flexicoking procedures (a refining process based on thermal cracking of heavy residues) and is now set to process up to 95,000 barrels of oil per day.

Inspenet, August 27, 2023.
Cheiron, an independent company dedicated to exploration and production, has achieved the discovery of a new oil field in the Geisum and Tawila West concession, located in the Gulf of Suez, in Egypt. The discovery took place through the exploration well GNN-11

Inspenet, August 25, 2023.
The China Petroleum and Chemical Corporation (Sinopec) has obtained official certification of the proven geological reserves of 30.55 billion m3 of natural gas, which have been discovered in Phase I of its Bazhong gas field.

Inspenet, August 24, 2023.
Last Tuesday, the Albanian government reported the discovery of a significant hydrocarbon deposit in the southern region of the country, which was made by the multinational energy company Shell. This could contain a large reserve of gas and oil.

Inspenet, August 23, 2023.
Intelligent Wellhead Systems (IWS) has announced the addition of the inVision mobile app, an innovative technology that offers users who already use the IWS technology platform instant access to critical operational data from oil and gas well sites.

Inspenet, August 22, 2023.
Ecuador established a new world precedent last Sunday by opting through a plebiscite to put an end to oil exploitation in one of its largest deposits located in the Yasuní National Park.

Inspenet, August 19, 2023.
Chevron Corporation has completed the acquisition of Denver-based PDC Energy, resulting in the creation of Colorado’s leading oil and gas company.

Inspenet, August 16, 2023.
Guyana’s Vice President, Bharrat Jagdeo, stated this Saturday that there will be no further extension beyond September 12, 2023 for the bidding for 14 oil blocks off the coast of Guyana.

Inspenet, August 15, 2023.
The United Nations Development Program (UNDP) has successfully completed the transfer of oil from the supertanker FSO Safer in waters off Yemen’s Red Sea coast, removing the immediate threat of a potential massive spill.