ENB PUB Note: I call it “Drill Baby Drill, when fiscally responsible.” The new mantra among frackers: “Discipline” to not trigger another oil-price collapse through overproduction. Drill Baby Drill, but not too fast. By Wolf Richter for WOLF […]
The eight OPEC+ countries, which previously announced additional voluntary adjustments in April and November 2023, namely Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman met virtually on March 3, 2025, […]
A Venezuelan military ship was spotted in Guyana’s waters on Saturday morning sailing close to ExxonMobil’s producing FPSO claiming that the units were operating in “a disputed area”. In a national address, Guyana president Irfaan […]
Prices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005. By Wolf Richter for WOLF STREET. When it comes to US natural […]
Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million […]
The Republican-controlled Congress voted to repeal a federal fee on oil and gas producers who release high levels of methane. Considered a tax by the oil and gas industry, the fee was one of the […]
In this episode of Energy News Beat Live from NAPE – Conversation in Energy, host Stuart Turley sits down with Jeff Krimmel, an energy analyst and consultant, who shares insights into the oil and gas […]
Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was […]
Around 120 discoveries were made in 2024, but most were small, unlike major finds in previous years. High-impact drilling is expected in Suriname (Korikori), Cyprus (Elektra), Libya (Area C), and South Africa (DWOB). Oil majors […]
Trafigura Head of Trading: U.S. foreign policy vis-a-vis Iran is the main upside risk for oil. Last year, Trump pledged in his Republican National Convention speech to dramatically lower Iranian oil exports. On Tuesday, the […]
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