News

  • Canada Oil Sands Output Fully Recovers from Covid

    Canadian oil sands production has fully recovered from last year’s Covid-19 shock, according to IHS Markit.   The company, which highlighted that this shock saw the largest contraction of upstream production in Canadian history, said the production has exceeded pre-pandemic levels, but warned that lingering…

    Read more
  • Portable Power Station Market worth US$494 million by 2026

    The global portable power station market size is expected to grow from an estimated US$358 million in 2021 to US$494 million by 2026, at a CAGR of 6.7 %.   The drivers for this market are the increasing use of smart electronic devices, growing demand…

    Read more
  • Neste’s Porvoo refinery completes major turnaround

    Neste Corporation has wrapped a major turnaround at its 206,000-b/d refinery in the Kilpilahti industrial area of Porvoo, Finland.   Initiated in early April and originally scheduled to run 12 weeks, the planned maintenance event was concluded and the refinery returned to operation as of…

    Read more
  • Insurance Jottings

    Prince Charles Launches Partnership with Insurance Industry to Tackle Climate Change His Royal Highness the Prince of Wales launched his Sustainable Markets Initiative (SMI) Insurance Task Force during a visit at Lloyd’s on the 24th June.   The SMI Insurance Task Force, convened by Prince…

    Read more
  • OGA Tightens Flaring and Venting Guidance

    The UK Oil and Gas Authority (OGA) has issued consolidated and updated guidance on flaring and venting, which it says sets out a tougher approach to driving reductions.   The OGA said this approach is supported by updated reporting and disclosure, such as the OGA’s upcoming…

    Read more
  • IOOC produces oil from third Abuzar reservoir offshore Iran

    Iranian Offshore Oil Company (IOOC) has produced oil for the first time from the upper Asmari reservoir of the Abuzar oil field in the Persian Gulf.   Javad Rostami, head of Petroleum Engineering, told news service Shana that based on plans to drill five to…

    Read more