Another private company has given up its lease in the Arctic National Wildlife Refuge, leaving an Alaska agency as the lone leaseholder seeking to pursue controversial plans to explore for oil and gas in the […]
Huisman has designed a new harsh environment semi-submersible drilling rig that can be powered with onshore-produced hydroelectricity but also with floating wind turbines. The Dutch firm said that the new rig design was aimed at […]
Australian-listed Invictus Energy Ltd expects to start drilling its first exploration well for oil and gas in the northern part of Zimbabwe in the coming weeks, an official with the company’s Zimbabwean subsidiary said on […]
Oil prices could spike again by the beginning of 2023, says one analyst. “Domestically, whether it’s oil or it’s gas, these companies have very very limited incremental capacity at this time,” Truist Securities Managing Director […]
The water level at a key German chokepoint on the Rhine River is forecast to surge early next week, making it significantly easier for barges carrying vital cargoes to traverse the waterway. The marker at […]
TotalEnergies TTEF.PA of France and Italy’s Eni ENI.MI on Monday announced a significant natural gas discovery at the Cronos-1 well off Cyprus. The island reported its first natural gas discovery, Aphrodite, in 2011, measuring around […]
The United States Strategic Petroleum Reserve has fallen to its lowest inventory level seen since 1985 under the stewardship of President Joe Biden and his Democrat-controlled Congress. Repeated withdrawals from the reserve have been leveraged […]
India, the world’s most populous country, sourced 52.7% of its oil imports from the Middle East. India’s volume of oil consumption increased – doubling since 2012. The world’s most populous democracy is searching for ways to satiate […]
An Iranian-flagged tanker is reloading oil that was confiscated by the United States earlier this year after Greek authorities approved the release of the cargo, sources familiar with the matter said on Friday. The case […]
(Reuters) – Military-ruled Myanmar plans to import Russian gasoline and fuel oil to ease supply concerns and rising prices, a junta spokesperson said, the latest developing country to do so amid a global energy crisis. […]
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