API publishes new CO2 pipeline guidance
The American Petroleum Institute (API) has published recommended practices for carbon dioxide pipeline transportation as infrastructure expands across the US. API’s RP 1192 outlines safe and reliable CO2 pipeline transport,…
US Crude Oil Inventories Sag In First Count of the Year
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a dip of 2.8 million barrels in the week ending January 2. Crude oil inventories…
Chevron Keeps Venezuelan Oil Flowing as Asia Shipments Stall
Venezuela’s beleaguered oil export system is narrowing rapidly around Chevron as shipments to its largest traditional customer in China remain stalled amid an intensified U.S. oil embargo and mounting geopolitical…
Atlas Copco makes two compressor-focused acquisitions
Atlas Copco has acquired Air Compressor Works, a Florida-based air compressor equipment and services company. Air Compressor Works has around 50 employees, who will now join Atlas Copco, and mostly…
Honeywell to supply Commonwealth LNG in Louisiana
US industrial giant Honeywell has won a contract to supply integrated liquefied natural gas (LNG) pretreatment and liquefaction solutions for Commonwealth LNG’s planned export facility in Cameron Parish, Louisiana. A…
Shell Returns to Angola as Oil Majors Circle a Declining Basin
Shell is making a quiet but pointed return to Angola’s offshore oil patch, signing a deal to acquire a 35% stake in two deepwater blocks from a Chevron subsidiary, as…
Oil ETFs Rise as Investors Hedge Crude Futures Exposure
The most traded U.S.-listed oil exchange-traded funds opened higher on Tuesday, closely tracking a small rise in oil futures, as investors weigh Venezuela’s short-term supply and hedge exposure to the…
Top Oil Traders Eye Swift Return to Venezuela
Some of the biggest international oil trading houses, including Trafigura Group, will discuss with the U.S. Administration returning to oil trade with Venezuela, the global head of Trafigura’s oil division,…
Trump Sees U.S. Oil Firms Operating in Venezuela Within 18 Months
U.S. oil companies could be “up and running” in Venezuela’s oil sector within 18 months, U.S. President Donald Trump told NBC News days after U.S. forces extracted Nicolas Maduro out…
U.S. Embargo Halts Venezuela Oil Shipments to Key Asian Buyers
Venezuela’s state oil firm PDVSA has been unable to ship oil cargoes to Asia for the fifth consecutive day on Tuesday, as the U.S. “oil quarantine” of Venezuela continues, according…
