World Oil’s Top Stories of 2022: 1-5
(WO) — 2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no shortage of ground-breaking news. Read on to find more of World Oil’s top news stories of the year.
1: Canadian Overseas Petroleum confirms 993-million-barrel oil discovery in Wyoming
Canadian Overseas Petroleum Limited and its affiliates have received a Resource Report prepared by independent energy consultancy Ryder Scott confirming its deep oil discovery on its affiliate COPL America Inc.’s lands in Converse and Natrona counties, Wyoming.
2: New North Sea gas field goes into production, boosting UK energy security
A new gas field found under the North Sea off East Anglia has this week produced its ‘first gas’ – and more such developments are on the way, according to IOG.
3: Russia’s seaborne crude oil exports keep coming
Russia’s seaborne crude exports are flowing unabated, despite European Union regulations that prohibit dealings with the country’s state energy companies.
4: Russia using tiny Egyptian port to get oil to market
Russia appears to have found a new means of getting its oil to market with Western sanctions looming for Moscow.
5: The U.S. may never build a new refinery, Chevron CEO says
There may never be a new refinery built in the US despite surging gasoline prices as policymakers move away from fossil fuels, according to Chevron Corp.