Iran and Russia face significant challenges in their attempt to jointly develop offshore Iranian gas fields as sanctions against the two countries are likely to pose supply problems, according to Rystad Energy’s research. Rystad Energy […]
Saudi Aramco, one of the world’s biggest oil producers, is yet another oil giant to see its profits soar this year due to high energy prices. The company announced on Sunday that its net income had jumped […]
(Bloomberg) — Russia defied expectations of a collapse in oil production following its invasion of Ukraine. But Moscow will have to redouble its efforts to find new buyers if it’s to keep output from shrinking […]
(Bloomberg) — Shale drillers saw their debt burden fall further in the second quarter, signaling extra room for them to pay dividends, buy back shares or make acquisitions. A metric commonly used to measure companies’ […]
Exxon Mobil Corp. is considering expanding its trading operations globally as historic oil-market volatility contributes to record profits for commodity shops. The oil major has stepped up efforts to increase derivatives trading after several departures […]
(Bloomberg) — U.S. shale oil drillers continue to show little sign of responding to high global prices with more production, only now it’s not just their focus on rewarding shareholders that’s holding them back, but […]
(Bloomberg) — The climate-and-tax bill passed by the Senate would force oil companies to pay more for drilling on federal land and block them from stockpiling leases at rock-bottom prices, changes that conservationists and good-government […]
(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]
ExxonMobil and Chevron saw mounting oil and gas production from the US Permian Basin in Q2 2022, and outlooks continue to project double-digit growth for each in the giant West Texas and southeast New Mexico […]
Drilling and completion activity in South America is expected to peak this year after a significant slowdown in 2020 due to the global demand destruction brought on by the Covid-19 pandemic, Rystad Energy claimed. According […]
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