A big unilateral cut by Saudi Arabia enabled Opec-plus to post the highest compliance rate so far with the oil production cuts it began implementing last May. The Saudis lowered their production by 979,000 barrels […]
Energy News Beat Publishers Note: Irina Slav is an excellent writer for Oilprice.com. In her industry insight article, she raises some great points and questions. It is always best to hear all sides of the […]
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today reported financial results for the fourth quarter and full year ended December 31, 2020. Fourth […]
Eagle Ford Shale pure-play Penn Virginia Corp. plans to maintain its current two-rig program through 2021 to grow production after it temporarily suspended drilling last year because of the Covid-19 pandemic. During a conference call […]
The turbines are expected to be the largest wind turbines in the world at the time of installation and have an individual capacity of 14 MW, Cadeler said. The contract, valued at approximately USD 120 […]
Energy storage installation grew nearly 200 percent and totaled an all-time operational record in fourth quarter 2020, according to a new report. The report released by analytics and research firm Wood MacKenzie and the U.S. […]
FINANCIAL HIGHLIGHTS Adjusted net income was $3.3 million for the quarter and $2.7 million for the year. The Company had a net loss of $7.9 million ($0.62 per basic and fully diluted share) for the […]
India’s obvious displeasure with restrictions on output imposed by OPEC and its allies, and its aim to diversify crude oil suppliers, may run into the harsh realities of the global market. The world’s third-biggest oil […]
Noble Midstream Partners finalized a deal with Chevron selling the oil giant the rest of its midstream oil and gas pipeline business, and the deal value has grown since Chevron first made its all-stock offer. […]
Public concern over nuclear safety is increasingly being weaponized by politicians sniping at neighboring countries they disagree with, potentially damaging the long-term viability of a clean energy source. The warning by International Atomic Energy Agency Director General […]
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