When I arrived a few months ago at one of the largest oil and gas industry conferences in Madrid, for a moment I thought I had come to the wrong place. The display of heavy […]
India’s leading oil and gas explorer Oil and Natural Gas Corporation (ONGC) said it will invest around ₹1 trillion (over $12 billion) in renewable energy by 2030 as it plans to become net zero by 2038. “We have […]
Authored by Simon Watkins via OilPrice.com, Moscow signed 10 new cooperation agreements with Iran for the oil sector alone on 18 May. China waited for the dust to settle before it too signed new cooperation […]
(Bloomberg) – Equinor ASA has delayed by as many as three years its Bay du Nord project due to escalating costs, the company said Wednesday. The project to develop an oil field about 500 kilometers […]
With the next OPEC+ meeting taking place this Sunday and the U.S. debt ceiling saga set to draw a conclusion around the same time, oil markets are sure to be on edge all week. Investor […]
TotalEnergies, operator of OML130 in Nigeria, announced the renewal of the production license on this block for 20 years. Courtesy of TotalEnergies Located 150 kilometers off the Nigerian coast, the OML130 block contains the prolific […]
Consider this fact: Three of every five barrels of crude oil produced in the U.S. are exported, either as crude oil or in the form of gasoline, diesel, jet fuel or other petroleum products. Sure, […]
OPEC Lambasts Anti-Oil Sentiment, Warns of Underinvestment – OPEC+ compliance with its collective targets keeps on worsening with the 19 members underperforming by 2.6 million b/d, just as the oil alliance prepares for its June […]
Oil and gas acquisitions in the era of capital discipline have often been a matter of “high-grading” portfolios by pushing out lower-return, more carbon-intensive assets. But Chevron CEO Mike Wirth tells Energy Intelligence that his firm’s agreed […]
(Reuters) – The U.S. on Thursday held its first sale of oil and gas drilling rights on federal lands since passage of President Joe Biden’s landmark climate change law, attracting more than $78 million in […]
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