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.
By: Inspenet, November 23, 2022.
TotalEnergies SE plans to explore for oil off the west coast of South Africa. The company is proposing to drill one well, which could result in an additional nine wells depending on the success of the first one, SLR Consulting Ltd., which is carrying out the environmental assessment, said on its website.
By: Inspenet, November 21, 2022.
Recently, the V Oil, Gas and Energy Summit took place at the Ágora Convention Center in Bogotá and organized by the Colombian Oil and Gas Association (ACP); the Colombian Chamber of Oil, Gas and Energy Goods and Services (Campetrol), the Colombian Association of Petroleum Geologists and Geophysicists (Acggp) and the Colombian Association of Engineers (Aciem).
By: Inspenet, November 18, 2022.
This year, the Norwegian state oil company Equinor, -formerly Statoil-, reached its 50th birthday. In these five decades, they have become an international energy company with a presence in more than 30 countries. They are among the largest offshore operators in the world, supplying power to 170 million people every day.
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