INEOS Energy has completed the acquisition of CNOOC’s oil and gas assets in the Gulf of America, increasing its global oil production to over 90 thousand barrels of oil equivalent per day.
The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million barrels for the week ending March 28, after a 4.6 million barrel drop in the prior week.
Curious Minds Corner
What is the purpose of “pipeline pigging”?
Pipeline pigging involves using devices called “pigs” to clean and inspect pipelines.