Inspenet, July 18, 2023.
According to the forecasts of the International Energy Agency (IEA), Russia will surpass Saudi Arabia as the main oil producer within the OPEC+ group. Crude output in Riyadh is estimated to drop to 9 million barrels a day in July and August, putting the kingdom behind Russia as the leading producer in the 23-nation oil bloc.
Inspenet, July 16, 2023.
OPEC is likely to have a more conservative projection for oil demand growth in 2024 compared to growth expectations for this year. Demand is expected to increase by approximately 2.35 million barrels per day this year, representing an increase of 2.4%.
Inspenet, July 15, 2023.
The current president of OPEC, Antonio Oburu Ondo, declared last Wednesday in Vienna that “the world cannot live without oil” and that it is unlikely to do without this source of energy in the near future due to the energy needs of the planet.
Inspenet, June 15, 2023
TotalEnergies announces the Ntokon oil and gas discovery at OML102, located in shallow water 60 kilometers off the southeast coast of Nigeria.
Inspenet, June 13, 2023
OMV Petrom, the largest integrated energy company in Southeast Europe, announces the discovery of new crude oil and natural gas resources in the Oltenia and Muntenia regions of southern Romania.
Inspenet, June 2, 2023
The governments of the Dominican Republic and Guyana signed a Memorandum of Understanding in which they establish cooperation in petroleum products in the South American nation in areas of mutual interest, the Caribbean country’s support for investment for the financing and construction of an oil refinery, and for matters related to the extraction of refined petroleum products.
Inspenet, May 31, 2023
The mining-energy sector and the oil industry drove a historic increase in the flow of foreign currency from abroad during the month of April. According to the Bank of the Republic, Colombia received a total of 1,951 million dollars in that period.
Aker BP’s discovery near Yggdrasil marks a key milestone in North Sea oil exploration, expanding production potential and energy supply.
Adnoc introduces a heavier crude grade, influencing refining strategies and global oil market trends.
Inspenet, May 19, 2023
Petrobras informs that it has identified the presence of hydrocarbons in the pre-salt of the Santos Basin in Brazil, in an evaluation well in the Aram block.
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