The Lime Rock and Venice wells were brought safely online in late December 2023 and have achieved an initial combined gross production rate of over 18,500 boed, averaging about 45% oil and 55% liquids. The […]
Business activity in Europe’s 20-nation single currency bloc continued to contract at the end of 2023, as a downturn in the dominant services industry stretched into the final month of the year, data compiled by […]
Communities in southern Maine are collaborating on a pilot program that aims to help residents overcome cost and logistical barriers to accessing climate-friendly home energy upgrades. Five towns and two regional nonprofits received a three-year, […]
Yahoo Finance NEW YORK (Reuters) –Oil prices climbed about 3% on Wednesday after a disruption at Libya’s top oilfield added to fears that tensions in the Middle East could reduce global oil supplies. Brent futures […]
World Oil (Bloomberg) – OPEC+ will resume its regular oil market monitoring meetings with an online session early next month, delegates said. The Joint Ministerial Monitoring Committee, which includes group leaders Saudi Arabia and Russia, […]
Oil Price The sovereign wealth funds of the Gulf Cooperation Council members topped $4 trillion last year, which was an all-time high. Called the “Oil Five”, the group of top sovereign wealth funds includes three […]
Over half of Spain’s electricity was generated from renewable energy in 2023, and a new government proposal sets a goal of 80 percent by 2030 at a cost of $322 billion. Spain’s new government goal […]
Daily Standup Top Stories OPEC+ set to hold monitoring meeting in early February January 3, 2024 Allen Santos Nasdaq LONDON/DUBAI, Jan 2 (Reuters) – OPEC+ plans to hold a meeting of its Joint Ministerial Monitoring Committee […]
The online database, Trading Economics, indicates that in June 2023 the global price for lithium had risen to $59,212 per tonne. But by November it had fallen by more than half to $27,218. Prices have […]
(Bloomberg) – Libya’s largest oil field halted production after protesters entered the facility, according to a person with direct knowledge of the operations. Libya’s Sharara oil field The country’s National Oil Corp. had warned earlier […]
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