Home Fossil Energy WATCH: Shetlanders send a message in a bottle urging ‘sibling across the sea’ to stop massive oil & gas project A group of people – said to be Shetlanders – have made […]
Norwegian state-owned energy giant Equinor has received consent from the country’s offshore safety regulator to use one of Transocean’s semi-submersible rigs for plugging, drilling and completion activities at a field in the North Sea off […]
US shale is slowing down because of rising drilling costs and political and regulatory attacks on the industry, and the U.S. has lost the global market influence to OPEC. That means uncertainty in the […]
U.S. shale may only add 500,000 bpd in 2023. A number of factors from labor shortages to lack of external capital to exhaustion of sweet spots constrain growth in the U.S. shale patch. Goldman Sachs’s […]
Italian oil major Eni has made a significant new gas discovery at the Nargis-1 exploration well located in the Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered […]
Eni has announced a significant new gas discovery at the Nargis-1 exploration well located in Nargis Offshore Area Concession, in the Eastern Mediterranean Sea, offshore Egypt. The Nargis-1 well has encountered approx. 200 net feet (61 m) of Miocene […]
By Michael Kern of OilPrice.com Russia has ramped up oil production from the Sakhalin-1 project and expects the field to soon pump at the full level of 220,000 barrels per day (bpd) after the project’s […]
Brazil’s Petrobras has signed an agreement with the Oil & Gas Methane Partnership (OGMP) aimed at reducing greenhouse gas emissions, as it takes another step towards a low-carbon future. The OGMP is a global initiative […]
The Taliban on Sunday entered the Afghan capital of Kabul after a week in which the insurgent group rapidly gained ground. In the last few hours, Afghan president Ashraf Ghani has relinquished power to the Taliban, with the group set […]
Baker Hughes’ rig count report has revealed that the international offshore rig count experienced an increase of 30 units in 2022 compared to the figures from the year before. The overall international rig count including […]
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