Crude Oil News

 

Full Output Resumes at Norway's Mongstad Oil Refinery, Equinor Says

Jul 19, 2023

Full output has resumed at the Mongstad oil refinery in Norway, operator Equinor said on Wednesday, following a partial outage on July 12 due to a lightning strike near the plant. Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…

Equinor's Mongstad Refinery Reduces Output after Lightning Strike

Jul 12, 2023

Equinor has evacuated some staff and reduced output at its Mongstad oil refinery on Norway's west coast after a lightning strike near the plant disrupted power supplies, it said on Wednesday.Mongstad is Equinor's largest refinery with a crude oil and condensate distillation capacity of 226…

Saudi Arabian Crude Oil Exports Fall 12%

Jun 22, 2023

“By agreeing to an additional voluntary production cut within OPEC (Organization of the Petroleum Exporting Countries) of 500,000 barrels per day in May and announcing a further independent production cut of 1,000,000 barrels per day in July…

Shell's Olympus Gulf of Mexico Platform Offline for Maintenance

Jun 16, 2023

Top U.S. Gulf of Mexico oil producer Shell on Thursday said its Olympus production platform in the U.S. Gulf of Mexico is offline for planned maintenance.The work started a week ago on Wednesday, June 7, and is expected to last 14 days, Shell said…

Norway April Oil, Gas Output Drop

May 23, 2023

Norway's crude oil and gas output declined in April from the previous month, with gas output exceeding the official forecast slightly, Norwegian Petroleum Directorate (NPD) said on Tuesday. Crude oil output edged lower to 1.81 million barrels per day (bpd) in April from 1…

PetroVietnam Beats Q1 Crude Output Target

Apr 10, 2023

Vietnam's state oil firm PetroVietnam said on Monday its crude oil output was 2.6 million tonnes in the first quarter this year, 12.6% higher than its target.The figure, however, is lower than the company's crude oil output of 2.74 million tonnes in the same period last year…

Norway's Oil and Gas Output Lag Forecasts in February

Mar 21, 2023

Norway's crude oil output grew slightly in February from January but lagged an official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output was 1.78 million barrels per day (bpd) against 1…

Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

Mar 21, 2023

Oil and gas company Valeura Energy said Monday that modifications to the MT Jaka Tarub crude oil storage vessel were complete, making the vessel compatible with infrastructure at its Wassana oil field, offshore Thailand.According to Valeura Energy…

Norway's January Oil, Gas Production Drops

Feb 21, 2023

Norway's crude oil output slipped in January from the previous month, missing official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output eased to 1.75 million barrels per day (bpd) in January from 1…

Norway's December Oil Output Lags Forecast by 10%

Jan 20, 2023

Norway's crude oil output rose in December from the previous month, but lagged the official forecast, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.Crude oil output rose to 1.77 million barrels per day (bpd) in December…

Putin Bans Exporting Russian Oil to Countries Implementing Price Caps

Dec 28, 2022

President Vladimir Putin on Tuesday delivered Russia's long-awaited response to a Western price cap, signing a decree that bans the supply of crude oil and oil products from Feb. 1 for five months to nations that abide by the cap. The Group of Seven major powers…

Japan's Cosmo Energy Signs New Offshore Oil Field Deal with QatarEnergy

Dec 27, 2022

Japan's Cosmo Energy Holdings Co Ltd said on Friday it has signed a new agreement with Qatar Energy to continue its operation in the Al-Karkara and A-Structures offshore oil fields, which came into effect after the expiry of the current contract this month…

Norway's November Oil and Gas Production Falls Short of Expectations

Dec 20, 2022

Norway's crude oil and gas output fell in November from the previous month, lagging official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output fell to 1.74 million barrels per day (bpd) in November…

Norway's October Oil, Gas Output Lags Forecast

Nov 22, 2022

Norway's crude oil and gas output rose in October from September but lagged official forecasts, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Tuesday. Crude oil output rose to 1.75 million barrels per day (bpd) in October from 1…

India's BPCL Signs MoU with Petrobras to Diversify Oil Sourcing

Sep 26, 2022

India's state-run Bharat Petroleum Corp said it had signed a preliminary agreement with Brazil's national oil company Petrobras PETR4.SA to help it diversify its crude oil sourcing.Indian state refiners rarely buy Brazilian oil. The Memorandum…

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