Oil prices have been in decline this week despite rising geopolitical risks, with markets seeming to be focused primarily on Joe Biden’s decision to drop out of the presidential race. – The Asian oil market […]
The discount of WTI Crude to the international benchmark Brent Crude has dropped from nearly $20 per barrel in the early 2010s to below $3 a barrel today. Increased domestic offtake capacity and better pipeline […]
THE outlook for Nigeria’s oil output, including condensate, remains gloomy at 1.4 million barrels per day, mbpd, in the second half of 2024, according to industry data and forecast. The output forecast is far below the 1.8mbpd […]
Capturing and using gas lost in global flaring, venting and leaking could be a $48 billion revenue opportunity, according to a new report from independent satellite monitoring and research company Capterio. Building on the recent World Bank findings […]
Wyoming has narrowed its definitions for who can bid on state oil and gas lease parcels, disqualifying parties that intend to conserve the land rather than produce the mineral resources. The change, made under emergency […]
(WO) – Reuters has reported that ExxonMobil is planning a potential 30-well drilling campaign for its seventh oil and gas project offshore Guyana, named Hammerhead. Hammerhead aims to start production in 2029, boosting Guyana’s oil […]
Regulators have warned UK oil and gas operators to speed up decommissioning activities in the North Sea. The North Sea Transition Authority (NSTA) has called on the companies to clean up their oil and gas […]
Editor’s note: Shortly after we published this article, the Department for Energy Security and Net Zero denied reports that Ed Miliband has banned the North Sea oil regulator from issuing any outstanding drilling and exploration licences, […]
Government officials have denied reports that Energy Secretary Ed Miliband has imposed an immediate ban on new North Sea oil and gas drilling. According to these reports, Mr Miliband allegedly instructed regulators to halt approvals […]
Recent data from Kpler reveals a significant decline in crude oil exports from major OPEC+ producers in June, driven largely by weak demand in Asian markets and increased domestic consumption in the Middle East. This […]
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