Italian oil major, Eni, announced this week that it has made three new oil and gas discoveries in the Meleiha region of western Egypt. The new discovery further adds to Egypt’s recent announcement that it […]
An energy crisis in two of Asia’s key economies that caused power shortages, sent fuel prices surging and risked slowing growth is beginning to ease, though bitter winter weather will pose further challenges. Supplies of […]
ENB Publishers Note: Note that when Saudi Arabia announced several months ago that they are planning on having a budget surplus at the end of 2022, those numbers are banking on oil over $90. Saudi […]
ENB Publishers Note: There are some things that are inevitable. Death and taxes to pay for overprinting of money. The world is in an inflation crisis. This is in part to Covid, and in part […]
On one hand, I don’t want to alarm you, because trumped-up alarmism is a very bad practice, and you can get all you want of that by opening pretty much any news website during COP26. […]
Source: U.S. Energy Information Administration, International Energy Outlook 2021 Reference case Note: OECD=Organization for Economic Cooperation and Development In our International Energy Outlook (IEO2021) Reference case, we project that residential buildings outside the Organization for Economic Cooperation and Development (OECD) will […]
Source: Map by the U.S. Energy Information Administration, using publicly available data The Enbridge Line 3 replacement pipeline, which delivers crude oil from Edmonton, Alberta, in Canada to Superior, Wisconsin, became fully operational on October 1, 2021, […]
All five oil and gas supermajors are looking to boost capital spending in 2022. Despite some of Big Oil reporting strongest earnings in years and record cash flows, capital discipline remains a key pillar of […]
Oil gained as investors turned their attention to a key OPEC+ meeting, with the group facing calls from consumers to pump more crude. Futures in New York rose back above $81 a barrel, with the […]
Harold Hamm, one of the richest and most prominent shale wildcatters, is finally taking a stake in North America’s biggest oil field. Continental Resources Inc., the shale driller created and controlled by Hamm, agreed to […]
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