French supermajor TotalEnergies has started to scour the market for deepwater rigs and support vessels to begin development of massive resources discovered offshore Suriname, anonymous sources with knowledge of the tenders told Bloomberg on Friday. Exploration and […]
Conclusion on Oil Price Forecasts for 2024 The consensus among market analysts indicates that oil prices will likely remain elevated for the remainder of 2024, with projections suggesting an average price range for Brent crude […]
BP said that it would be implementing a hiring freeze and pausing new offshore wind farms as it focuses on oil and gas to satisfy investors. British oil company BP is divesting its U.S. onshore […]
Saudi Arabia’s crude oil exports fell in July due to increased domestic consumption for power generation. Despite a rise in production, Saudi Arabia maintained its pledge to keep output around 9 million bpd. Saudi Arabia […]
The increase in fossil fuel production on federal lands that Biden-Harris are taking credit for is largely the result of generous leasing under Trump. Is Joe Biden the “Drill, Baby, Drill” president? My AEI colleague […]
Weekly Daily Standup Top Stories Oil Majors and Traders Vye for Shell’s South African Assets September 8, 2024 Stu Turley Shell is divesting from its downstream operations in South Africa, attracting interest from major oil traders […]
Hurricane Francine made landfall Wednesday on the Louisiana coast before being downgraded to a tropical storm, taking some energy infrastructure offline along the U.S. Gulf Coast from Louisiana through Alabama. Detailed information on energy infrastructure […]
Analysts at Wall Street bank UBS estimate that hurricane Francine may have disrupted up to 1.5 million barrels of U.S. crude production. The Weather Channel expects Hurricane Francine to “continue to weaken as it tracks […]
Swiss-based offshore drilling giant Transocean has won a 365-day contract for one of its ultra-deepwater drillships. The contract was awarded by energy major BP to the 2022-built Deepwater Atlas which will work in the US […]
Natural gas pipeline capacity in the Permian Basin is gearing up for significant gains with the upcoming launch of the Matterhorn Express Pipeline. The 2.5 billion cubic feet per day (Bcf/d) pipeline, expected to begin […]
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