India plans to store oil in the US amid the global pandemic

As part of a new agreement with the US, India discussed the possibility of storing oil in the American emergency stockpile

Norway sees increase in offshore CO2 emissions

Petroleum activities in the Norwegian Continental Shelf generated 13.5 million tonnes of carbon emissions in 2015. That’s a 3% increase – or 400,000 tonnes – compared to 2014, according to the Norwegian Petroleum Directorate. It stated the main cause of the increase was start-up difficulties on the Knarr field and the Valemon and Edvard Grieg […]

US remains top natural gas, petroleum producer

The US produced more petroleum liquids and natural gas than any other nation last year. Production first surpassed Russia in 2012 and the US has been the highest natural gas producing nation since 2011 and the world’s top producer of petroleum since 2013, according to the Energy Information Administration (EIA). US petroleum supply increased by […]

$38m to study oil effects in Gulf of Mexico

Almost $38 million (£24.32m) has been invested to study the effects of oil in the Gulf of Mexico. A total of 22 research projects will use a share of the grant from the Gulf of Mexico Research Initiative (GoMRI), an independent 10-year programme established following the Deepwater Horizon incident. Five years ago BP’s oil rig explosion […]

US okays $500m petroleum processing facility

The US Environmental Protection Agency (EPA) has given the green light for a $500 million (£309m) petroleum processing facility in Texas. It has issued a final greenhouse gas ‘Prevention of Significant Deterioration’ (PSD) construction permit, allowing CCI Corpus Christi to start building the 100,000 barrel-a-day plant. Under EPA rules finalised in 2010, new projects that […]

US and China sign deals on energy

The US and China signed new agreements that are expected to increase co-operation on energy issues. The two nations pledged to expand their collaborations on clean energy and climate change during US Energy Secretary Ernest Moniz’s trip to Beijing earlier this week. They signed a memorandum of understanding (MOU) for co-operation on electric vehicles and […]

UK ‘became net petroleum importer in 2013’

The UK became a net importer of petroleum products last year, according to the US Energy Information Administration (EIA). Fossil fuels, including natural gas, coal and petroleum, currently represent most of the UK’s energy usage, accounting for 86% of total primary energy consumption in 2012. The EIA stated: “Refiners in the UK and throughout Europe […]

Oil India Ltd to set up overseas arm

India’s second biggest oil exploration company is to set up an arm overseas in a bid to acquire oil and gas properties abroad. Reports claim Oil India Limited’s board of members have approved the “incorporation of a wholly owned subsidiary” outside the country. T.K. Ananth Kumar, Company Director for Finance told reporters: “The benefit of […]

Land speed record crumbles thanks to cheese

A team from Utah State University has broken a land speed record with a race car powered by cheese. Using a biofuel made from the industrial waste from cheese-making, the dragster broke records for a vehicle of its class when competing with 200 high-tech racers at the 2012 World of Speed event in Utah last […]

Refining industry needs European agreement

Policy must change if EU member states are to create a stable future for the oil refining industry. These were the words of the UK Petroleum Industry Association which claims major challenges face the oil refining sector in the UK and Europe. Speaking yesterday in Amsterdam Chris Hunt, Director General of UKPIA said: “If the […]