In a BofA Global Research report sent to Rigzone recently, analysts said they expect total oil consumption levels to reach 107 million barrels per day by 2029, “adding net growth of about 3.7 million barrels […]
Daily Standup Top Stories Virginia legislation would activate state program to fund electric school buses February 12, 2024 Mariel Alumit Virginia is on a roll transitioning to electric school buses. And that momentum could remain […]
Drilling operations at Fervo’s Cape Station show 70% year-over-year reduction in drilling times and pave the way for rapid geothermal deployment PALO ALTO, CA (February 12, 2024) – Today at the Stanford Geothermal Workshop, Fervo Energy […]
TOKYO, Feb 9 (Reuters) – Japan Petroleum Exploration (Japex) 1662.T sees the United States as the most appealing investment destination for oil and gas exploration and production, despite political risks posed by this year’s election, its senior managing executive […]
Russian LNG producer Novatek reported a net profit of about 463 billion rubles ($5.09 billion) in 2023. The company did not publish its financial results in 2022. In 2023, Novatek’s total revenues and normalized Ebitda, […]
UK-based energy giant BP expects its LNG supply portfolio to increase to more than 25 million tonnes per annum by 2025, beating its previous target, according to CEO Murray Auchincloss. BP previously set a target […]
Diamond Offshore Houston-based Diamond Offshore Drilling has won a contract with Serica Energy for one of its semi-submersible rigs and an extension from BP for drillship work. The offshore driller won a contract with Serica […]
(WO) – Tellurian Inc. has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian’s Haynesville upstream business. Tellurian natural gas assets 2024 (Graphic: Business Wire) Tellurian produced 19.5 Bcf of natural […]
LONDON/BRUSSELS, Feb 2 (Reuters) – Europe will have enough gas supply for the next 10 years and thereafter despite a move by the U.S. administration to pause approvals on new liquefied natural gas (LNG) plants, […]
Norway’s district court in Oslo recently made a decision on fossil fuels that deserves the attention of every person concerned about climate change. This ruling, which compels energy firms to account for the industry’s entire carbon footprint, […]
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