Oil and Gas
Saudi Arabia could extend oil supply cut
Inspenet, July 28, 2023. Saudi Arabia plans to extend the oil supply cut by 1 million barrels through September in an effort to fuel…
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
Latest Oil and Gas News
Oil and Gas
The United Nations begins the extraction of crude oil from the oil tanker FSO Safer
Inspenet, July 27, 2023. The United Nations-led project to prevent a possible massive oil spill from the supertanker FSO Safer, located off the coast…
Oil and Gas
Oil price rises after OPEC+ production cuts
Inspenet, July 25, 2023. So far in July, oil prices are up around 9%, after a 4% rise in June. This trend was also…
Oil and Gas
Aramco acquires 10% of a Chinese petrochemical
Inspenet, July 24, 2023. Aramco has reported that it has completed the purchase of 10% of the Chinese petrochemical company Rongsheng for 3.4 billion…
Oil and Gas
Vaca Muerta reactivated oil exports to Chile
Inspenet, July 23, 2023. Although no faults were found, the Oleoducto Trasandino (OTASA) halted oil exports temporarily due to heavy rains that exposed a…
Oil and Gas
AUTOMA 2023 promotes AI technologies in the oil and gas sector
Inspenet, July 22, 2023. The Oil and Gas Automation and Digitization Congress, which will take place on November 27-28, 2023, highlights the key role…
Oil and Gas
Brazil, Argentina and Guyana could become the main energy players of the decade
Inspenet, July 22, 2023. A new report suggests that Brazil, Argentina and Guyana could become major energy players this decade. In the case of…
Oil and Gas
Failure at Petroecuador terminal caused oil spill
Inspenet, July 21, 2023. Last Wednesday, the state company Petroecuador reported that at 4:30 am (local time) there was a failure in the relief…
Oil and Gas
Underground gas explosion in South Africa left irreparable losses
Inspenet, July 21, 2023. During rush hour last Wednesday, an incident occurred in Johannesburg, South Africa, where a suspected underground gas explosion wreaked havoc…
Oil and Gas
Guyana will be the fourth largest oil producer in the world
Inspenet, July 19, 2023. A new report from the United Nations Economic Commission for Latin America and the Caribbean (ECLAC) projects that by 2035…
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