By 2035, the world’s fourth-largest offshore oil producer could be a South American country with fewer than 1 million people. According to Norway’s Rystad Energy, Guyana – with proven reserves of 11 billion barrels of […]
(WO) — The American Petroleum Institute (API) called on the Biden administration to take action to fix the broken permitting process that is stymying U.S. energy development. In a letter to White House Council on […]
The Texas Oil & Gas Association (TXOGA) released its annual Energy & Economic Impact Report highlighting the industry’s continued and unmatched economic impact, the Lone Star State’s global energy leadership, and what is needed to continue meeting […]
The largest U.S. oil producer is battling lawsuits that accuse it and other oil companies of contributing to global warming and rising sea levels. At the same time, it has moved to cut its own […]
Jan 24 (Reuters) – U.S. oil and gas deal-making declined by 13% last year to $58 billion compared to 2021, according to energy technology firm Enverus, with the volume of activity hitting its lowest level […]
Riding a level of oil and natural gas prices not seen in at least eight years, Texas oil and gas producers enjoyed a banner year in 2022 and in return contributed record amounts to not […]
LONDON, Jan 24 (Reuters) – Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to […]
By Irina Slav of OilPrice.com The Dutch government plans to close the Groningen gas field this year despite Europe’s precarious supply position. Groningen is the largest gas field in Europe. The field is dangerous, a […]
After 2022-2023’s unusually warm winter, Europe may be winning its energy struggle with Russia, but a lasting solution for energy-hungry Europe has not arrived yet. While Europe’s ad-hoc responses to Russian embargos have succeeded in changing one […]
Home Fossil Energy Consortium lands deal for project at world’s largest offshore sour gas development UAE’s giant Abu Dhabi National Oil Company (ADNOC) has handed out a letter of award (LOA) to a consortium led […]
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