Crude oil production in Alaska averaged 448,000 barrels per day (b/d) in 2020, the lowest level of production since 1976. Last year’s production was over 75% less than the state’s peak production of more than […]
Paris, 26 April 2021 – Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. […]
Dubai: Saudi Arabia could save over $200 billion over the next decade by replacing liquid fuel used for domestic consumption with gas and renewable energy sources, the finance minister said, as the kingdom seeks to cut […]
After the number of drilled but uncompleted wells demonstrated a dramatic drop across multiple US basins in the past year, heightened drilling activity and stable commodity prices are starting to reveal a recovery of young […]
TULSA, Okla., April 22, 2021 /PRNewswire/ — The board of directors of Magellan Midstream Partners, L.P. (NYSE: MMP) has declared a quarterly cash distribution of $1.0275 per unit for the period Jan. 1 through March 31, 2021. The distribution, which equates […]
GEORGETOWN/NEW DELHI: India, the world’s third-largest crude consumer and importer, has approached Guyana’s government about a possible long-term deal to buy the South American country’s oil, a Guyanese official said. India has expressed interest in […]
S&P Global Ratings believes green hydrogen, produced by splitting water via electrolysis using renewable energy, will remain expensive as a power fuel source compared with natural gas. Market projections suggest that green hydrogen costs may […]
HOUSTON–(BUSINESS WIRE)– Regulatory News: Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2021. First-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Mar. 31, 2021 Dec. 31, 2020 Mar. 31, […]
HOUSTON–(BUSINESS WIRE)–Schlumberger Limited (NYSE: SLB) today reported results for the first-quarter 2021. “In North America, excluding the effects of divestitures, revenue grew 10% sequentially driven by land revenue which increased 24% due to higher drilling […]
In February, California State Auditor Elaine Howle released a scathing report that scorched the California Air Resources Board for failing to demonstrate that its costly programs reduce greenhouse gas emissions, create jobs or have socioeconomic […]
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