In the wake of political shifts and the potential easing of sanctions, Venezuela’s beleaguered oil industry is once again in the spotlight. With proven reserves rivaling Saudi Arabia’s, the country could theoretically become a major […]
Those of us who follow the evolution of this largely imaginary energy transition driven by government subsidies and activist fantasies often bore audiences by asking where will all the money and metals required to make […]
In a statement sent to Rigzone late Friday, Enverus Intelligence Research (EIR) Director Andrew Dittmar told Rigzone that, “per late-breaking media reports, ExxonMobil (XOM) is closing in on a historic shale deal by acquiring Permian juggernaut […]
In a statement sent to Rigzone recently, Rystad Energy revealed that, according to its research, total global recoverable oil reserves now stand at 1.624 trillion barrels. Rystad highlighted in the statement that, since the company’s […]
Offshore oil and gas is set for the highest growth in a decade in the next two years. Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024. […]
Today’s news includes the threat that Russia will continue the recent cuts in gas supplies that Gazprom, the state gas company, has imposed. Moscow may not fully reconnect the Nord Stream 1 pipeline that carries gas under […]
Oil and gas companies in the US are striving to find a balance between ongoing environmental, social and governance (ESG) initiatives and a desire to ramp up production as the world battles a sweeping energy […]
Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Guyana, Brazil, West-Africa and Australia are […]
Employment in the U.S. oil and gas industry is set to rebound in the coming years and surpass pre-Covid levels, according to new research by Rystad Energy. The company noted that the total number of […]
The accelerating adoption of electric vehicles (EVs) and electrification in other oil-consuming sectors is set to bring peak oil demand as early as 2026 at 101.6 million barrels per day (bpd), which would be just […]
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