Cyber attacks are ramping up, and the latest victim is Saudi Aramco The world’s biggest oil producer confirmed this week that some files were leaked and hackers reportedly demanded a $50 million ransom. The […]
Eric Nuttall, partner and senior portfolio manager at Ninepoint Partners, joins BNN Bloomberg to discuss his outlook for the oil sector. He says we are in a structural bull market for oil that will conclude […]
The US oil price fell more than six percent on Monday, a day after Saudi Arabia and the UAE reaching an agreement to increase output. With surging Covid cases threatening economic recovery, stock markets slumped. […]
BHP Group is considering getting out of the oil and gas business, and the exit could be worth $15 billion, according to people familiar with the matter. The mining giant wants to make the move […]
The Greenlandic underground is rich in both oil resources and minerals, and the history of exploration and exploitation activities goes back many years and has a global reach. The Greenlandic government, Naalakkersuisut, remains committed to developing […]
American drillers have restored less than 20% of the oilfield services jobs lost due to the pandemic, with companies favoring investor returns over boosting output, according to a trade group. “The main reason that hiring […]
Source: U.S. Energy Information Administration, Drilling Productivity Report (DPR), based on data from Enverus In 2020, U.S. initial crude oil production per well, or well production efficiency, increased significantly in the Bakken region, according to our Drilling Productivity Report (DPR), […]
When the first gas from CNOOC Ltd’s new ultra-deep field in the South China Sea started flowing in late June to the world’s largest customised floating platform 1,500 meters above the sea bed, it marked a key […]
Talos Energy Inc. (“Talos” or the “Company”) (NYSE: TALO) today provided an update regarding operatorship for the Company’s Zama asset in offshore Mexico. On July 2, 2021, Talos was notified by Mexico’s Ministry of Energy (“SENER”) that it had designated […]
Mexico’s energy ministry has designated Petroleos Mexicanos as the operator of the country’s largest oil discovery by private companies, in the latest sign of the government’s nationalist approach to the energy industry. The Zama field, discovered […]
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