Sunday, Feb 23, 2025

The World of Petroleum and Bitumen

The January issue of WPB Journal

The January issue of the world of petroleum and bitumen journal

MAGAZINES

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Hot oil boilers: a safe and efficient solution for industrial heating

Industrial boilers are considered the heartbeat of heat transfer systems in various industries.

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Efforts to extend the lifespan of petroleum and gas wells

Experimental Investigation of mechanism of insitu gel polymer containing paramagnetic nanoparticles for water shut-off in oil fields in presence of m...

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Colombian president orders termination of petroleum partnership with U.S. company

Colombian President Gustavo Petro has cancelled the joint venture between the state-owned company Ecopetrol and the American company Occidental Petro...

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China Unveils First Oil Production Vessel with Carbon Capture Technology

China’s COSCO has introduced the first floating vessel designed for oil production and storage that incorporates a carbon capture system.

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Major Iraq deal: BP Puts $25 Billion on the Table

A senior Iraqi petroleum official has predicted that British Petroleum (BP) may invest up to $25 billion over the lifespan of a redevelopment project...

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Saudi Arabia grants Pakistan a one-year extension for petroleum debt payment

Pakistan has signed an agreement with the Saudi Fund for Development to defer the payment of $1.2 billion for petroleumimports from Saudi Arabia by o...

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U.S. Expands Sanctions to Restrict Iran’s Oil Trade with China

The United States has introduced new sanctions aimed at limiting the flow of Iranian oil to China.

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Can Trump Significantly Increase U.S. Oil Output?

Many U.S. oil and gas companies have made it clear that they will not expand production unless prices rise significantly.

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India Urges Middle East for New Crude Oil Pricing Amid Rising Shipping Expenses

India’s major state-owned refiners have urged a Middle Eastern supplier to present alternative pricing options for crude oil.

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Oil Prices Surge to 3-Month High Following New Sanctions on Russia

Oil prices have climbed to their highest levels in three months, driven by the United States imposing stricter sanctions on Russia.

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Fluctuating Oil Prices: A Significant Obstacle for National Oil Companies in 2025

The global energy sector is experiencing a profound shift, with oil and gas continuing to dominate the energy mix, even as renewable energy sources r...

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Middle Eastern Oil Prices Rise as Iranian and Russian Supply Drops

A decline in crude exports from Iran and Russia has driven up the value of Middle Eastern oil, with certain grades now trading at unprecedented premi...

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Turkey Shows Interest in Syrian Energy Sector

Turkey has expressed a desire to play a role in rebuilding Syria’s oil and gas industry, according to remarks made by Turkey’s energy minister.

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Pakistan Expected to increase Petroleum Prices for the New Year

The federal government in the Pakistan is anticipated to announce adjustments to petroleum prices on December 31, which may result in higher costs fo...

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Oil Prices Hold Steady in December, but January Brings Questions

As 2024 ends, oil prices have demonstrated the most stable range since 2019, signaling that the intense fluctuations of the past three years may have...

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Middle East’s Share of India’s Oil Imports Rises

India’s oil import data for November shows that the Middle East’s share surged to its highest level in nine months, while Russia’s share droppe...

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Fitch Forecasts $70 Oil in 2025

Fitch Ratings has predicted that oil demand growth in 2025 will likely be similar to 2023.

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UAE Oil Exports Set to Decline

The United Arab Emirates (UAE), a key member of OPEC+, is planning to reduce its oil exports early next year as part of the group’s efforts to enfo...

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What the Oil and Gas Industry Seeks from Trump and How He Could Fulfill Their Agenda

The oil and gas sector has presented a detailed agenda for President-elect Donald Trump to consider.

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China and U.S. Steer 2025 Oil Market Outlook

Uncertainty over oil demand growth is expected to linger beyond 2024, accompanied by concerns over potential price declines.

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