Offshore Technology Conference 2026 Moves Forward
The Offshore Technology Conference 2026. Houston Mayor John Whitmire delivered a welcoming address that set a collaborative tone for the international event. His Excellency Dr....
Tag : petroleum
The United States exported record amounts of petroleum products in the first half of 2022
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Petroleum products Firstly, in the first half of 2022, U.S. exports of petroleum products averaged nearly 6 million barrels per day, the most first-half-of-year exports...
U.S. refiners eye Canadian oil
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Firstly, U.S. refiners are expected to buy more Canadian oil after the Biden administration ends releases from the Strategic Petroleum Reserve (SPR) this fall. Secondly,...
Oil rises 1% on supply concerns, expectations for fuel switching
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Firstly, oil edged up 1% on Wednesday as an international energy watchdog expects an increase in gas-to-oil switching due to high prices this winter, even...
Bioenergy Office Achieves Major Biofuel Technology and Production Milestone
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Bioenergy Firstly, the U.S. Department of Energy Bioenergy Technologies Office (BETO) has achieved a significant milestone. It is decreasing the minimum fuel selling price (MFSP)...
Petroleum transporter Scorpio Tankers Inc. Announces Financial Results for 1Q 2022
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Scorpio Tankers Inc. a leader petroleum transporter, reported that its Board of Directors declared a quarterly cash dividend of $0.10 per share on the Company’s...
Petroleum transporter, Scorpio Tankers Inc. announces agreements to sell 3 vessels
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Petroleum transporter sells vessels Firstly, Scorpio Tankers Inc. announced that the Company entered into agreements to sell three vessels (two LR2s and one MR). Secondly,...
US to sell 18 million barrels from Strategic Petroleum Reserve
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The US government will sell 18 million barrels from the Strategic Petroleum Reserve to companies on January 4, 2022. The release is part of a...
Spruce Ridge Resources to purchase oil wells in Saskatchewan
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Today, Canadian mineral exploration company, Spruce Ridge Resources Ltd., announced it agreed to purchase certain mineral leases with petroleum and natural gas rights, plus oil...
Petroleum shortages hit East Coast; refiners in the dark after Colonial pipe shut
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Petroleum shortages are hitting the U.S. East Coast area, as four days after the crisis generated by the criminal hack into the Colonial Pipeline, the...