BP revealed a plan to invest $269 million in three projects at Cherry Point Refinery in Washington in order to enhance the refinery’s efficiency, minimize its carbon dioxide (CO2) emissions, and boost its renewable diesel production.

Brightmark LLC along with Chevron Corporation announced the expansion of their cooperation via their joint venture (JV) Brightmark RNG Holdings LLC through establishing projects to produce and market dairy biomethane, a renewable natural gas (RNG) in US.

Three rigs were added; increasing the number of rigs to 491 ones during the week ending on August 6th, compared to 244 rigs around this time of 2020.

The tariff extension case was reviewed by the European Commission, which announced that the US biodiesel producers would hike to full capacity, adding that they could shift sales from less profitable markets, in third countries, to the EU.

Lime Rock Resources will buy oil and gas properties in the Delaware Basin of Texas for $508.3 million from “a private seller”.

Tarek El Molla, Minister of Petroleum and Mineral Resources, discussed methods to increase cooperation in the petroleum sector between Egypt and the US with Stuart Jones, President for Regions and Corporate Affairs at Bechtel Corporation, and Jonathan Cohen, the US Ambassador to Egypt.

The number of Baker Hughes’s rotary drilling rigs operating in the US has increased on April 16, recording 439 rigs.

BP has made a new oil discovery at Green Canyon Block 821 in the Puma West prospect in the deepwater US Gulf of Mexico.

Chevron has entered an agreement with Noble Midstream Partners LP to acquire all of the 33.925 million non-owned shares in an all-stock deal.

Saudi Arabia and Russia are once again on contrary before crucial OPEC+ meeting about the oil market, according to Bloomberg.