Prices rose from the collapsed levels in the prior year and are back where they’d been in 1996, down by 70% from the peak in 2005. By Wolf Richter for WOLF STREET. When it comes to US natural […]
Petrobras is beefing up its offshore game, throwing four more support vessels into the mix by 2026—bringing the grand total to 48. Brazil’s state-run oil company is gearing up to boost production to 2 million […]
The Republican-controlled Congress voted to repeal a federal fee on oil and gas producers who release high levels of methane. Considered a tax by the oil and gas industry, the fee was one of the […]
Weekly Daily Standup Top Stories Trump’s Energy Czar Has Plan to ‘Map, Baby, Map’ US Oil Bounty February 23, 2025 Clark Savage Burgum suggests stronger USGS role to analyze the potential Says US public lands hold […]
In this episode of Energy News Beat Live from NAPE – Conversation in Energy, host Stuart Turley sits down with Jeff Krimmel, an energy analyst and consultant, who shares insights into the oil and gas […]
Golar currently operates the 2.4 mtpa Hilli, which works offshore Cameroon, and the 2.7 mtpa Hilli, which works offshore Mauritania and Senegal. Last year, Golar signed an EPC agreement with China’s CIMC Raffles to convert its 148,000-cbm […]
Australian oil and gas player Karoon Energy has bought the Cidade de Itajaí FPSO for $115m from Altera & Ocyan, the joint venture formed by the Brazilian company Ocyan and Altera Infrastructure. The FPSO was […]
Around 120 discoveries were made in 2024, but most were small, unlike major finds in previous years. High-impact drilling is expected in Suriname (Korikori), Cyprus (Elektra), Libya (Area C), and South Africa (DWOB). Oil majors […]
UK-based energy giant BP has announced it will cut its renewable energy investments and instead increase its investment in oil and gas production. The company buckled under pressure from investors who were unhappy over the […]
US supermajor ExxonMobil has announced a nearly $200m investment in the Kipper 1B Project, bringing online much-needed additional gas supply from the Gippsland Basin. The project, approved by ExxonMobil subsidiary Esso Australia and its co-venturers […]
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