Vitol’s Vencer Energy agrees to acquire assets in the Midland Basin
Today, Vitol’s upstream Company in the US, Vencer Energy, announced it signed an agreement to acquire assets in the Midland Basin, property of Hunt Oil...
Tag : Oil
Phillips66 invests in soybean plant in Iowa to secure renewable fuels feedstock
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Phillips66, the Texas based oil giant, announced last week it entered into an agreement to purchase the 100% of the soybean oil production of a...
Trading unit of ExxonMobil plunged amid pandemic clash: Reuters
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The trading unit of ExxonMobil retreated from its activities after the company slashed the units funding, amid deep spending cuts due to the pandemic, sources...
Cross-border energy infrastructure vital for U.S. and Canada energy trade: API
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Cross border energy infrastructure is a vital part of the energy relationship between the United States and Canada, a new study by the American Petroleum...
Oil prices drop after container ship blocking the Suez Canal refloats
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This Monday, oil prices fell as the giant container ship Ever Given that blocked the Suez Canal for almost a week was refloated. Therefore, Brent...
Shell restarts CDUs at Deer Park, Texas, refinery
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According to sources familiar to Royal Dutch Shell Plc, the company restarted the gasoline and diesel producing units on Sunday, March 28, at its JV...
Avanti Energy acquires 6000 acres of highly prospective helium
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Avanti Energy, the Vancouver-based exploration and development company, announced this Monday it has acquired over 6000 acres under license from the government of Alberta. This...
INEOS Energy sells Norwegian Oil and Gas business to PGNiG for $615M
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INEOS Energy, the energy group formed in 2020, announced today it is selling its entire oil and gas business in Norway to PGNiG Upstream Norway...
Harbour Energy could keep its stake in Mexico’s Zama oilfield
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Harbour Energy, an energy investment vehicle formed by EIG Global Energy Partners, today announced it would likely keep its stake in the giant Zama oil...
Oil Price, Electric Vehicles, Transition Plans
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Looking at sales suggests risk to the sector is years away. But looking at annual electric vehicles (EV) sales is like admiring an aggressor’s fist,...