Extracting heavy oil can be more difficult than lighter crude because of its viscosity
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Sweden’s Tethys Oil hits pay on Oman onshore exploration well
The well encountered hydrocarbon shows in the primary target, with results of the well testing due in three weeks
Asia-Pacific oil & gas industry cross border M&A deals total $7.68bn in Q4 2020
The value marked a decrease of 48.1% over the previous quarter and a drop of 9% when compared with the last four-quarter average
ADNOC first CTO roundtable explores role of technology in oil and gas
CTOs agreed on a white paper on innovating in response to fast-moving trends in the industry
Big oil incurred record loss in 2020, joint output fell by 0.9 million boepd and will peak lower in 2028
The major chunk of this loss, $69 billion, can be attributed to asset impairments and write-offs as the supermajors re-evaluated their strategy to focus on energy transition and become less dependent on petroleum
Asia-Pacific’s oil & gas industry saw a drop of 8.47% in cross border deal activity in Q4 2020
A total of 54 cross border deals worth $7.68bn were announced for the region during Q4 2020, against the last four-quarter average of 59 deals
Biden policy puts 72% of Alaska’s remaining oil at risk, but output won’t be affected until after 2030
Alaska’s oil days were already considered numbered by the energy industry, but the new administration’s push for energy transition could hasten the process
Fujairah oil products stocks drop to 2021 low
Total inventory was 20.854 million barrels on February 15th, down 1.6 percent from a week earlier and the lowest since November 30th
US to drive global crude oil trunk/transmission pipelines growth by 2024, says GlobalData
The US is far ahead of any other country in the world in terms of pipeline growth by 2024
Oil prices jump on US production shut-ins but refinery outages provide pillow
Oil prices jumped on Wednesday as the extreme cold weather the US is experiencing is impacting oil production, but refinery outages limit the price ascent