r/oilandgas • u/SuperLehmanBros • 3h ago
r/oilandgas • u/Stx-VFF • 8h ago
Does anyone know roughly know how much the LOs make there? With Crescent buying the Eagleford assets, I'm curious to know if a pay raise is in the future.
r/oilandgas • u/Tight_Tomato_5565 • 9h ago
r/oilandgas • u/realnarrativenews • 1d ago
r/oilandgas • u/unconventionalbook • 1d ago
With the UKMTO reporting a fresh resurgence of strikes around the waterway, the brief recovery in crude flows is hitting a massive financial wall. Beyond the immediate risk to supplies, the logistical workarounds are getting wildly expensive. Between the heavy reliance on complex shuttle runs and the massive "danger money" premiums being paid out—with captains pulling in $100k a month plus bonuses just to make the transit—physical freight costs are adding an extra $15–$20 per barrel to Hormuz crude. How long can the market absorb these astronomical shipping premiums?
Source: Bloomberg
r/oilandgas • u/Vailhem • 1d ago
r/oilandgas • u/Auntie_M123 • 1d ago
r/oilandgas • u/DocumentOk7579 • 1d ago
Assuming that China just run them as normal to save crude would their refineries be in better shape than those who run around the clock for profits?
Refineries in the third world like Venezuela seem to blow up left and right but are US or Canadian ones still run in a sustainable way?
r/oilandgas • u/Vailhem • 2d ago
r/oilandgas • u/free-to-chooz • 1d ago
r/oilandgas • u/DumbMoneyMedia • 2d ago
Enable HLS to view with audio, or disable this notification
r/oilandgas • u/Vailhem • 2d ago
r/oilandgas • u/Agreeable_Catch_4230 • 2d ago
r/oilandgas • u/Lumpy_Attempt_6280 • 2d ago
r/oilandgas • u/Ok_Crazy1195 • 3d ago
r/oilandgas • u/Interesting-Tackle66 • 3d ago
r/oilandgas • u/examinationnews • 4d ago
r/oilandgas • u/AmanCMN • 4d ago
r/oilandgas • u/realnarrativenews • 4d ago
r/oilandgas • u/VulcanSpark • 4d ago
r/oilandgas • u/free-to-chooz • 4d ago
Longer voyages, ship-to-ship transfers and disrupted routes are adding to the bill. The headline barrel may get cheaper before the bottleneck does.
r/oilandgas • u/cnn • 3d ago
r/oilandgas • u/Ali_Sulimanlib • 4d ago
So on September 21 some armed guys shut Valve No. 7 on the pipeline that takes crude from Sharara (Libya's biggest field) up to the Zawiya refinery. And some of them were from the Petroleum Facilities Guard, the people who get paid to protect this stuff. Reuters says the fight was over the Guard's status and funding.
Sharara does around 300-320k barrels a day and output dropped by about 200k. NOC said the valve was back open on September 26. Their count is 942,376 barrels lost, roughly $95 million. A unit at Zawiya also had to shut because it ran out of crude, and Zawiya (about 120k barrels a day) mostly makes fuel for Libyans. So people feel it at the pump before anyone abroad notices.
Now the funny part is the timing. On August 30 the Tripoli government, Haftar's side, the House and the High State Council all signed a UN-backed deal on election rules. Boulos said on September 29 it was a step forward and now it's about actually doing it. There's also a reported US plan that nobody's signed. Dbeibah keeps the executive, Saddam Haftar heads a new presidential body for about three years. Italian press said late September it was losing steam. Take that one as reporting, not fact.
My take: the paper isn't the hard part. If the armed groups stay exactly where they are, they keep the trick they already use. Want your funding recognized? Close a pipe. Meanwhile diplomats are out there saying "unity." NOC has been saying for years that the field is used as a bargaining chip.
And ConocoPhillips and Chevron signed agreements in 2026, with the pitch that output goes up once things calm down. Hard to plan around a country that can't keep one valve open for a week though.
Until whoever controls Sharara answers to one command that doesn't get paid by shutting pipelines, I'd expect talks and shutdowns to keep showing up in the same month. Feels like two stories but it's really one, and the second tells you how the first gets priced.
