Oil and Gas
Russia to overtake Saudi Arabia as oil producer
Inspenet, July 18, 2023. According to the forecasts of the International Energy Agency (IEA), Russia will surpass Saudi Arabia as the main oil producer…
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
Oil spill registered in Campeche after platform explosion
Inspenet, July 18, 2023. A group of civil society organizations, including Greenpeace and the Mexican Alliance against Fracking, have alerted about a hydrocarbon spill…
Oil and Gas
Pemex has experienced an alarming increase in the frequency of accidents
Inspenet, July 17, 2023. During the last two years, there has been a worrying increase of 152% in the frequency of accidents in the…
Oil and Gas
OPEC optimistic about oil demand in 2024
Inspenet, July 16, 2023. OPEC is likely to have a more conservative projection for oil demand growth in 2024 compared to growth expectations for…
Oil and Gas
The world cannot and will not live without oil according to OPEC
Inspenet, July 15, 2023. The current president of OPEC, Antonio Oburu Ondo, declared last Wednesday in Vienna that "the world cannot live without oil"…
Oil and Gas
Pemex lost 450,000 barrels of oil after the explosion of its platform
Inspenet, July 10, 2023. Last Saturday, the company Petróleos Mexicanos (Pemex) experienced a decrease in oil production equivalent to approximately a quarter of its…
Oil and Gas
Russia to cut oil exports in August
Inspenet July 9, 2023. In an effort to balance the market, Russia will cut its crude oil exports by 500,000 barrels per day (bpd)…
Oil and Gas
Tragedy at sea! Explosion and fire on Pemex platform leaves 6 injured
Inspenet, July 7, 2023. This morning, the Campeche platform was engulfed in flames and chaos, as a catastrophic explosion rocked the Nohoch-Alfa offshore platform,…
Oil and Gas
India began paying in yuan for some Russian oil imports
Inspenet, July 4, 2023. Some Indian refineries have chosen to pay part of the crude shipments purchased from Russia with yuan. This decision is…
Oil and Gas
Colombia would have gas reserves for eight years if it suspends exploration
Inspenet, July 2, 2023. Colombia has gas reserves for eight years if it were to suspend exploration and production. This is confirmed by Vanti,…
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