article thumbnail

30% of Ghana’s crude oil consumption purchased through Gold for oil programme – Lands Minister

Reporting Oil and Gas

Jinapor emphasized that the government’s decision to acquire crude oil without relying on dollars through this innovative approach had significantly curtailed the depreciation of the Ghana Cedi, playing a crucial role in bolstering the national economy.

article thumbnail

Weak refinery, export demand weakens prices for Midland crude along Texas coast

Oil & Gas 360º

refinery utilization stood at 85.6% Net input of crude oil to refiners on average over 4 weeks to the last week was 15.5 WEAK DEMAND ALONG THE COAST Four-week average U.S. in the week to February 26, data from the U.S. Energy Information Administration showed, as fuel producers undergo maintenance ahead of summer driving season.

Refinery 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Libya launches first oil exploration bid round in 17 years

Oil & Gas 360º

Last month, ABL was engaged to support Saipem in overseeing the installation of critical equipment for the Bouri Gas Utilization Project, aimed at enhancing offshore production capacity and advancing the development of Libyas significant natural gas reserves.

Oil 130
article thumbnail

Benefits of Compabloc technology versus shell & tube

Scambio Termico

In the past three decades, more than 30,000+ units have been installed globally in various applications like crude oil refinery, oil and gas, petrochemicals, pulp and paper, mining and metal industries, to name a few. Table 1 shows/compares design output on various parameters for both Compabloc and shell and tube technology.

article thumbnail

How Natural Gas is Formed: The Origins of Our Energy Source

True Natural Gas

The Role of Temperature in Gas Formation The temperature at which these hydrocarbons formed determined whether oil or natural gas would be produced. In areas where temperatures remained lower (between 90 and 160°F), the organic material primarily transformed into crude oil.

article thumbnail

Energy Transfer Continues 2024 Momentum With Strong Third Quarter Earnings

Energy Transfer

We also saw record performance in crude oil transportation volumes (up 25%), midstream gathered volumes (up 6%), NGLs produced (up 26%), and NGL fractionation volumes (up 12%) and transportation volumes (up 4%). This was offset by lower IT utilization in dry gas areas due to the lower gas prices and weaker spreads.

article thumbnail

What’s Happening: The Unexpected Growth in U.S. Oil Inventories and What It Means for the Industry

Rextag

Will rising imports and weak demand keep crude prices under pressure, or is a rebound on the horizon? crude oil inventories grew by 545,000 barrels last week to reach 430.3 IMPORTS SURGE WHILE REFINERY ACTIVITY COOLS Crude oil imports surged by a remarkable 1.2 crude oil production fell to 13.2

Oil 40