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 […]
Many observers expected that in the wake of America and NATO’s somewhat frantic and ugly (to put it mildly) pullout from Afghanistan and Kabul airport in August 2021, it was only a matter of time […]
The year 2022 was one of surprises: Russia’s invasion of Ukraine, persistent inflation fueled by energy costs, the collapse of FTX and crypto markets, the revelations of the so-called Twitter Files, and one of the […]
Rebound in Nigerian production sends OPEC production higher in December. The group of producers noted a 120,000 bpd rise in production last month according to Reuters. In December, OPEC pumped 29 million bpd. A rebound […]
Exxon and Chevron are betting big on oil and gas assets in the Americas as they seek to capitalize on abundant resources with good returns closer to home. Both U.S. supermajors have said in their […]
One of the oldest forms of clean power is ready for a comeback — and it’s not wind or solar. Geothermal energy — the technology that harnesses the heat beneath the Earth’s crust — is drawing […]
Oil prices are lower this morning (despite a small crude draw reported by API overnight) amid concerns about a jump in Covid-19 cases after China suddenly rolled back pandemic rules (which is ironic because prices […]
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