Tag: oil industry

• Wednesday, November 13th 2019 - 09:46 UTC

  Pirates attack Mexican oil industry offshore supply vessel in the Gulf of Mexico

  

  Pirates attacked an Italy-flagged offshore supply vessel in the southern Gulf of Mexico, injuring two crew members, the Mexican Navy said on Tuesday, in the latest outbreak of robbery and piracy to hit oil platforms and infrastructure in the area.

• Wednesday, September 4th 2019 - 09:10 UTC

  Bio-fuel controversy: Trump caught between farmers and the oil industry

  

  The American Petroleum Institute on Tuesday urged the Trump administration to reject proposals floated by U.S. farmers and ethanol producers to boost ethanol demand, the latest development in the clash over bio-fuel policy.

• Friday, September 28th 2018 - 08:47 UTC

  Oil majors to bid for Brazil's offshore potential despite electoral uncertainty

  

  Oil majors are set to gather in Rio de Janeiro this Friday to unveil bids for stakes in Brazil’s high potential offshore areas ahead of elections that are casting a cloud of uncertainty over the industry.

• Saturday, July 14th 2018 - 07:48 UTC

  Venezuela’s oil crisis gets worse: Production keeps falling

  

  Venezuela’s oil production plunged by another 47,500 barrels per day (bpd) in June, compared to a month earlier. An exodus of workers and field shut downs were reported for the month, pointing to a grim near-term future that could see total production dip below 1 million barrels per day (mb/d) by the end of the year.

• Thursday, June 21st 2018 - 08:57 UTC

  Brazil eases rules in oil industry to boost production

  

  Brazil’s move to ease rules forcing oil producers to buy from domestic suppliers means Latin America’s top producer will be able to sustain output of 5 million barrels per day (pbd) by the mid-2020s, compared to just 3.7 million bpd under prior rules, consultancy Wood Mackenzie said in a report on Wednesday.

• Sunday, February 25th 2018 - 13:48 UTC

  Why The Next Oil Boom Will Be Fueled By Blockchain

  

  Big Oil is due for a disruption.

• Saturday, February 24th 2018 - 09:38 UTC

  Falklands issues public consultation for the oil industry

  

  The Falkland Islands Government, FIG, has issued a public consultation document covering the taxation regime for oil companies operating in the Falkland Islands and their associated supply chain partners. This consultation will be open until Friday 6 April 2018 for responses from interested parties, which will be summarized and fed into final policy and legislative design later during 2018.