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Chesapeake cuts workforce prior to sale of South Texas oil assets

Chesapeake Energy has laid off nearly 3% of its workforce ahead of its potential sale of oil properties in South Texas. ....

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Asia to lead global propylene capacity additions

According to GlobalData's report, global propylene capacity is said to grow considerably in the coming years, with Asia leading additions. ....

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Equinor begins production from Phase 2 of Peregrino field offshore Brazil

Norway’s oil major Equinor has started production from the Phase 2 development of the Peregrino heavy oil field offshore Brazil. ....

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OPEC+ reduced oil supplies could result in global recession, IEA warns

International Energy Agency says that a fall in OPEC oil supplies risks global energy security. ....

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The US dominates underground working gas storage capacity in North America

As of September 2022, North America had 464 active underground gas storage sites, with a working gas capacity of 5,805 billion cubic feet. ....

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