Exxon Mobil Antwerp Refinery Will Pause Output Due to Strike, June 29-July 3
Exxon Mobil's oil refinery in the Belgian port of Antwerp is to stop output from June 29 to July 3 due to a strike action, the company's press office said on Wednesday.Workers at the refinery oppose a plan to cut 35 jobs out of a total of 735, ABVV Petroleum union said on its website.The…
Tengiz Field Oil Production Shrinks After Accident
Oil production at the Chevron-led Tengiz field, Kazakhstan's largest, fell sharply on May 26 as a result of an accident, two industry sources told Reuters on Friday.The first two sources said daily output at Tengiz, which had only just recovered from a previous incident, fell to between 5…
June Exports of CPC Blend Fall to 1.45 million bpd
The Caspian Pipeline Consortium (CPC) plans to export about 1.45 million barrels per day (bpd) of CPC Blend crude in June, down from around 1.8 million bpd expected in May, due to planned maintenance at Kazakhstan’s giant Kashagan oilfield, three industry sources said.June loadings would be about 17% lower on a daily basis than in May…
Iran Reduces Oil Production by 400,000 bpd, Further Cut Back Expected
U.S. Energy Secretary Chris Wright said on Thursday that Iran appears to have cut back oil production by 400,000 barrels per day and is likely to reduce it more as its storage units fill."It looks like they've likely already cut back their production, maybe by 400,000 barrels a day.
Asian Oil Refineries, Petrochemicals Cut Runs as MidEast Conflict Escalates
Several Asian refineries and petrochemical companies were forced to cut runs and declare force majeure as the U.S.-Israel war on Iran disrupted crude and feedstock exports from the Middle East.Asian steam crackers, which source more than 60% of their naphtha feedstock from the Middle East…
Kazakhstan's Tengiz Oil Field to Remain Shut for Another 7-10 Days
Oil production at Kazakhstan's vast Tengiz oil field, one of the world's largest, could be halted for another 7-10 days after shutting down on Sunday, cutting crude exports via the Caspian Pipeline Consortium, three industry sources told Reuters.The field's operator Tengizchevroil (TCO) said on Monday that due to power supply problems…
Russian Syzran Oil Refinery Halted by Ukraine Drone Attack
Russia's Syzran oil refinery on the Volga River halted oil processing on December 5 after being damaged by a Ukrainian drone attack, two industry sources said on Tuesday.Ukraine and Russia have been attacking each other's energy facilities as peace talks have failed to progress.The Ukrainian military said on Friday that it had carried out long-rang
Pemex Crude Oil Production Falls 5.6% in September
Mexico's state energy company Pemex produced 5.6% less crude oil and condensate year-on-year in September, an average 1.65 million barrels per day (bpd), according to data it released late on Tuesday.The heavily-indebted driller has struggled to boost production, despite cash injections and tax relief since the previous administration, as many fiel
Guyana's Oil Output Rose in August
Guyana's oil production increased to 685,000 barrels per day in August from 664,000 bpd the previous month, boosted by the start-up of the fourth floating output facility in the South American country, government data seen on Wednesday showed.A consortium led by U.S.
Russia Warns of Cutting Oil Output Following Drone Attacks
Russia's oil pipeline monopoly Transneft has warned producers they may have to cut output following Ukraine's drone attacks on critical export ports and refineries, three industry sources said on Tuesday.Kyiv has stepped up attacks on Russian energy assets since August in a bid to…