Equinor to Supply Biomethanol to Wallenius Wilhelmsen
Equinor signed a two-year contract with Norwegian compatriot Wallenius Wilhelmsen to supply the ro-ro shipper with locally produced bio-methanol from 2026.
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Oil at $100 Promises Boon for Algeria
The North African nation of 47 million people has long relied on some of the continent's largest oil and gas reserves to pay for many of its subsidies.
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Brent Holds Above $100 as Conflict Drags
Brent closed above $100 for a second session while traders weigh war risks and extreme volatility.
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Mines Across Hormuz Would Create Lethal Barrier
Iran has vowed to keep the strait closed, but whether it's actually mining the area is contested.
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USA Crude Oil Stocks Rise Almost 4MM Barrels WoW
Crude oil stocks, not including the SPR, stood at 443.1 million barrels on March 6, according to the EIA's latest weekly petroleum status report.
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Oil Drillers Resort to Trucks as California Pipe Idled
Oil drillers in central California have resorted to the costly and cumbersome alternative of trucking crude barrels 50 miles.
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DOI Announces Results of BBG2 Lease Sale
13 companies submitted 38 bids totaling $69,838,782, a DOI statement highlighted.
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Petronas Makes Discovery offshore East Java
'The Barokah-1 discovery reinforces the compelling exploration potential we continue to see in the Northern Madura region, East Java'.
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Analyst Warns of 'Big, Big Risk' for Oil Over Weekend
No one in their right mind would dare to sit short oil over the coming weekend, SEB Chief Commodities Analyst Bjarne Schieldrop said.
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TotalEnergies Raises Production in Lapa offshore Brazil
The field, in the Santos basin, now has a production capacity of about 60,000 barrels per day of oil.