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PTN News Digest
Issue #21 | 25-10-2021
Chevron overtakes Exxon Mobil as America's largest oil company
Chevron overtakes Exxon Mobil as America’s largest oil company
Shell shareholders get reward as oil giant returns to profit
Royal Dutch Shell increased its dividend payout to shareholders following a better-than-expected third quarter of the year, months after cutting it for the first time since World War II.
Oil suffers its worst monthly drop in more than two years during ugly October for markets
After starting the month at nearly four-year highs, bolstered by looming U.S. sanctions on Iran’s crude exports, oil prices posted their the biggest monthly drop in more than two years.
Bangladesh may cancel Nov LNG import tender after receiving high offers
Vitol submitted the lowest offer but it was still higher than the prices of LNG that Bangladesh pays under long-term contracts with Oman and higher than the price of an earlier spot cargo, said the officials
Japan April-Sept crude import volume fell to the lowest since at least 1979
Japan, the world’s fourth-biggest crude buyer, imported 67.95 million kilolitres (2.34 million barrels per day) of crude oil in the first six months of the fiscal 2020 year to March
Oil market subject to heightened uncertainty related to COVID-19
EIA estimates the rate of global oil demand growth slowed in August and September compared with the initial recovery from June and July.
Indian Oil broadens scope of Gujarat refinery expansion plans
Indian Oil Corp. Ltd. has approved the addition of a petrochemical and lube integration component to its long-planned project that will expand crude oil processing capacity of its Koyali refinery at Vadodara in India’s western state of Gujarat.
Oil Drilling in Russia Could Fall 20% Next Year
Russia’s crude producers are looking to cut 2021 drilling as the pandemic threatens the recovery of prices and global demand,
Biden Says Renewables Need to Replace Oil Industry
President Donald Trump seized on Joe Biden’s pledge Thursday to eventually replace fossil fuels with renewable energy, turning the Democratic nominee’s remarks into a warning for swing state voters that oil and gas jobs could be at risk.
OGUK report offers first insight into impact of pandemic on offshore jobs
OGUK’s Workforce Insight report 2020 also confirms the uptake of the Coronavirus Job Retention Scheme by companies, particularly in the supply chain, as many positioned themselves to endure the triple whammy of low oil and gas prices and the operational impact of the coronavirus pandemic.
Canada’s Suncor considers selling North Sea oil and gas fields
Canada’s Suncor Energy Inc. is exploring the sale of a handful of oil and gas fields in the North Sea
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