Vitol Group is buying Hunt Oil Co.’s Permian Basin business as the biggest independent crude trader makes a major move into the world’s busiest shale patch. The deal includes 44,000 acres across five counties in the […]
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, […]
North America will see sustained activity growth in US land and offshore starting in second quarter, especially once spring breakup in Canada is finished in a month or so, Olivier Le Peuch, the company’s CEO, […]
Natural gas production in the United States is set to grow to a new record of 93.3 billion cubic feet per day (Bcfd) in 2022 and will continue to rise thereafter, exceeding 100 Bcfd in […]
The United Nations Support Mission in Libya (UNSMIL) on Thursday expressed concern over the recent shutdown of a major oil port by the state-owned National Oil Corporation (NOC). “The United Nations Support Mission in Libya expresses its […]
Houston — The US oil and gas rig count took a step back, falling 11 to 530 on the week, rig data provider Enverus said April 22 – the first rig count drop this year, even […]
Global energy demand is set to increase by 4.6 per cent in 2021, more than offsetting the 4 per cent contraction in 2020 and pushing demand above 2019 levels, the International Energy Agency (IEA) has said in a […]
Energy News Beat Publishers Note: It would be way cool if Interior Secretary Deb Haaland gets the rest of the Biden Administration to realize her statement is accurate “Just know that we know and believe […]
The group’s latest Monthly Oil Market Report (MOMR) puts global oil demand at 96.46mn b/d this year, up by 190,000 b/d from its previous report and 5.95mn b/d higher than last year. “The upward revision mainly takes into account […]
Energy News Beat Publishers Note (ENB): The key takeaway from the article is the 500,000 b/d outside the official data. This is also outside the OPEC + production numbers and quotas. Imports were 11.69mn b/d […]
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