Industry News
Saudi Arabia’s oil exports into China likely to rise 7% in October
China will see a 7% monthly increase in Saudi Arabian oil imports in October, as the kingdom cuts prices for Asian nations.
Category: Oil and Gas
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Industry News
Grangemouth oil refinery confirms it will close next year
Grangemouth has finally announced that it will cease all operations by middle of next year, putting 400 jobs at risk.
Gas
Sanctioned Russian tanker heading to new LNG facility to pick up load
Everest Energy is heading to a newly completed gas facility in Northern Russia, the fourth cargo of LNG to be loaded from the terminal.
Industry News
Houthi rebels attack two more oil tankers in the Red Sea
Houthi rebels have reportedly attacked two more oil tankers in the Red Sea, with one being Saudi-flagged vessel.
Industry News
North Sea windfall tax hike would actually cut revenue by £12bn
The plans by the UK government to increase the Energy Profits Levy (EPL) would eventually have a detrimental impact on Britain’s economy.
Industry News
Planned OPEC+ output rise likely as Libya’s political turmoil continues
OPEC+ is likely to implement a planned rise in oil output in October, to balance cuts by some members and the drop in Libya’s oil output.
Analysis
How is record heat affecting global infrastructure?
From energy, telecoms to urban infrastructure, a warming planet risks large-scale damage across the board.
Industry News
Tanker attacked by Houthi rebels in the Red Sea may be leaking oil
Greek-owned and flagged oil tanker MV Sounion, which was attacked by Houthi rebels, may now be leaking oil.
Cyberattack
Halliburton hit by apparent cyberattack, disrupting systems in Houston
Halliburton is reportedly dealing with a cyberattack affecting business operations at its giant Houston campus.
Industry News
Saudi Arabia’s national shipping firm splashes $1bn on nine VLCCs
The National Shipping Company of Saudi Arabia will spend $1bn to buy nine very large crude carriers (VLCCs) to modernize its fleet.