World Oil’s Top Stories of 2022: 1-5

World Oil Staff December 26, 2022

(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.

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