Oil Price Around $7 trillion in global investments in natural gas supply are necessary to ensure enough gas and avoid supply crunches through 2050, according to the Institute of Energy Economics, Japan (IEEJ). Source: Oil […]
The total number of active drilling rigs in the United States rose by 2 this week after climbing by 3 last week, according to new data that Baker Hughes published Friday, as drillers continue to […]
(Bloomberg) – Senator Joe Manchin condemned the Biden administration’s decision to lift sanctions against Venezuela’s oil and gas sector, arguing the U.S. should instead turn to domestic crude production to fill any shortfall. The administration is looking […]
(Bloomberg) – The U.S. just took the first steps in pulling back on a four-year-old sanction policy that had strangled oil exports out of Venezuela, home to world-class crude reserves. The major reversal signals that […]
(Bloomberg) – bp Plc is in talks to exit Senegal’s Yakaar-Teranga natural gas field, which would leave operatorship of the resource to Kosmos Energy Ltd. and increase the stake held by the state, according to […]
October 18, 2023 Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, September 2023 We estimate that U.S. marketed natural gas production in the Lower 48 states (L48) will grow by 5% (5.0 billion cubic […]
Daily Standup Top Stories China’s Coal Power Binge Escalates: Over 300 More Plants On The Way October 16, 2023 Mariel Alumit China’s mad dash for coal power continues, even as Western governments tell their citizens to […]
After three and a half years, a tripling in the S&P 500 Energy Index, and many soon-to-be-forgotten culture-war volleys, the U.S. Department of Energy announced Oct. 12 that U.S. crude oil production had hit an all-time […]
The U.S. Energy Information Administration (EIA) has revealed its latest Brent spot average price forecasts for 2023 and 2024 in its October short term energy outlook (STEO), which was released this week. According to the […]
AUSTIN – Fiscal Year 2023 has now come to an end, and the RRC has once again exceeded regulatory goals in its critical mission to protect communities and the environment, while Texas continues to be […]
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