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HomeExploration and Production

Exploration and Production

Price
EIA News

U.S. natural gas production grew by 4% in 2022

March 29, 2023 Mariel Alumit

March 29, 2023 Data source: U.S. Energy Information Administration, Drilling Productivity Report, Monthly Crude Oil and Natural Gas Production Report, and Natural Gas Monthly U.S. natural gas production grew by 4% (4.9 billion cubic feet […]

Price
Exploration and Production

Warren Buffett Adds To His Occidental Petroleum Stake As Energy Stock Receives Upgrade

March 28, 2023 Mariel Alumit

Warren Buffett added more Occidental Petroleum (OXY) stock to his Berkshire Hathaway (BRKB) portfolio in recent days, bolstering his stake in the U.S. energy company. Meanwhile, OXY stock was upgraded Tuesday. Berkshire Hathaway purchased around […]

Crude Oil News

Russia says it has rerouted all oil exports hit by Western embargo

March 28, 2023 Mariel Alumit

​ This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, March 28 (Reuters) – Russia has successfully redirected all its crude oil exports affected by Western […]

Exploration and Production

ConocoPhillips zeroes in on becoming APLNG upstream operator

March 27, 2023 Mariel Alumit

US energy giant ConocoPhillips, through its Australian subsidiary, has revealed plans to become upstream operator of Australia Pacific LNG (APLNG) following the closing of EIG’s transaction with Origin Energy. Archive. Courtesy of Australia Pacific LNG […]

Crude Oil News

Russian Oil Flows Hold Fast Even as Kremlin Says Output Slashed

March 27, 2023 Mariel Alumit

​Russia’s seaborne crude flows are holding strong, meaning a pledge by the Kremlin to cut the nation’s production sharply has yet to feed through into supplies to the international marketplace. The nation’s shipments slid by 123,000 barrels […]

China
Crude Oil News

China’s Deep-Sea Floating Wind Platform Heads Offshore

March 27, 2023 Mariel Alumit

The platform, named CNOOC Guanlan, is owned by the China National Offshore Oil Corporation (CNOOC) and is China’s first offshore wind power project with a water depth of over 100 meters and an offshore distance […]

Crude Oil News

U.S. offshore rig count continues its upward trajectory

March 27, 2023 Mariel Alumit

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States kept its forward momentum by adding one unit last week. In addition, the total number of rigs operating […]

Crude Oil News

ABL Group to act as marine warranty surveyor for multiple oil and gas developments off Norway

March 27, 2023 Mariel Alumit

Home Fossil Energy ABL Group to act as marine warranty surveyor for multiple oil & gas developments off Norway Oslo-listed energy and marine consultancy ABL Group has been appointed as a marine warranty surveyor for […]

Crude Oil News

Pemex hands over development plan for giant oil field off Mexico

March 27, 2023 Mariel Alumit

Home Fossil Energy Pemex hands over development plan for giant oil field off Mexico Mexico’s state-owned petroleum company Pemex has submitted a unit development plan (UDP), on behalf of its partners – Wintershall, Talos Energy, […]

Crude Oil News

Westwood: UK’s windfall tax puts oil and gas investments at risk, with domino effect on North Sea rig demand

March 24, 2023 Mariel Alumit

Home Fossil Energy Westwood: UK’s windfall tax puts oil & gas investments at risk, with domino effect on North Sea rig demand After the UK made changes to the UK Energy Profits Levy (EPL), increasing […]

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