US Crude Exports to China Hit 5-Month High
Cargoes of U.S. light sweet crude bound for China rose last month to about 187,000 bbl/d, the highest since August, said Matt Smith, lead oil analyst for the Americas at data and analytics firm Kpler.
BP: Ukraine War Likely to Speed Decline in Fossil Fuel Use
The fallout from Russia’s invasion of Ukraine includes a global movement away from imported fossil fuels toward domestically produced renewables, BP said in its annual Energy Outlook.
Transition in the Trilemma
Despite the energy trilemma, 45% of companies oil and gas sector are confident they can reach net zero by 2050, according to the Baker Hughes Energy Transition Pulse report.
Chevron Says Venezuela Production Up Nearly 80%
Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.
Indonesia to Offer 10 Oil, Gas Blocks in 2023, Including in South China Sea
Indonesia auctioned 13 oil and gas fields in 2022 and has appointed contractors for six of them so far.
Energy Transition in Motion (Week of Jan. 27, 2023): Advancing Projects, Investment
Here’s a look at some of this week’s renewable energy news, including a $3.6 billion gigafactory expansion and a massive partnership for solar panels in the U.S.
Asian Spot Prices Extend Downtrend, Tracking Lower Prices in Europe
"The market has continued to weaken, mainly driven by a lack of demand from Asia, however the lower pricing has created opportunity for southeast Asia who we've seen issuing tenders," Trident LNG's Toby Copson said.
E&P Highlights: Jan. 26, 2023
Here’s a roundup of the latest E&P headlines including a production update from Tullow, an update on U.K. offshore opportunities and some contract announcements in the upstream oil and gas industry.
LNG Industry Body Sees First Carbon Neutral Cargo Delivery to Taiwan
The delivery of the cargo aligns with the International Group of Liquefied Natural Gas Importers' framework in monitoring and verifying greenhouse gas emissions intensity.
Mitsubishi Eyes Carbon Capture Project with Exxon, Nippon Steel
Mitsubishi, Exxon Mobil and Nippon Steel signed a memorandum of understanding to discuss creating a carbon capture value chain to store CO2 emitted by Japanese steel plants underground.