The fallout from the pandemic and civil unrest across Colombia has left its oil industry in a state of crisis.
Colombia’s dire hydrocarbons shortage is weighing heavily on the Andean nation’s petroleum-dependent economy.
Nevertheless, despite those hazards and the risks they pose to Colombia, there are signs that the outlook for the country’s petroleum industry is improving.

On November 19, Shandong Association of Engineers Oil and Gas Lifting Engineering Equipment Professional Committee was established.

As the New Year begins, the rising sun begins. On the occasion of bidding farewell to the old year and ushering in the new, ON behalf of the board of directors, I would like to extend my New Year wishes to all weMA employees and their families, as well as to all weMA customers, partners and friends from all walks of life.

The Supreme Court Case That Could Transform Energy Markets as below:

India is going all-in on renewable energy, with big plans to scale up its solar sector.

As a part of the move, India is looking to cut ties with China as it prioritizes its domestic solar industry.

It appears that oil market oversupply may already be upon us, with demand being hit hard by Omicron and by China cracking down on its independent refiners.

Oil and gas companies have well and truly recovered from what was a crisis year in 2020, with some companies now posting record cash flow.

Prior to the pandemic, the utilization rate of U.S. oil pipelines stood at 60 to 70 percent.Half Of U.S. Oil Pipelines Sit Empty NOW.

Extreme weather events resulting from the changing climate are threatening some 40 percent of the world’s recoverable oil and gas reserves, risk consultancy Verisk Maplecroft has said in a new report.

Driven by high refinery throughput, China likely drew crude oil from its commercial and strategic inventories in November, according to estimates from Reuters columnist Clyde Russell.

OPEC, the IEA, and the EIA all have different opinions on where oil demand may be heading in the immediate future.
The three groups do have one commonality in their forecasts, however; COVID-19 will remain a driving force.
Despite the differences in exact expectations, the three organizations remain generally optimistic about oil demand.

Investments in oil and gas exploration and production continue to be depressed
Moody's: Global annual upstream spending needs to increase by as much as 54 percent to $542 billion if the oil market is to avert the next supply shortage shock