Ithaca Energy, one of the largest oil and gas producers in the UK, has reduced investments and is deferring some projects this year and next, due to the burden of the windfall tax Britain has […]
SANTA FE, N.M. (AP) — Record-breaking oil production in New Mexico is likely to provide state government with a new multibillion-dollar surplus during the upcoming budget year, economists for the state announced Wednesday. Annual state […]
For the first time ever, U.S. oil and gas firms returned more money to investors than they spent on exploration and production. A new study by E&Y showed that oil and gas firms’ spending on […]
You know there are things in life that are to be expected. Hard-working people enjoy working, and oil executives are happiest when they are in the field. We had an opportunity to visit with Rey […]
(Bloomberg) – Namibia is seeking private investment for a 40 billion Namibian dollar ($2.1 billion) port infrastructure expansion after significant oil discoveries made offshore the southern African nation. The project in Walvis Bay and Luderitz […]
Summary As oil production in the Permian has increased, natural gas production has also seen significant growth, creating opportunities for midstream companies. Permian pipeline operators are expanding existing natural gas pipes, while one new build […]
Lawmakers in some states have been laying the groundwork to add geothermal power to the electrical grid and pump underground heat into buildings. Now a technological breakthrough could dramatically expand those ambitions—and perhaps unleash a […]
US oil production this year will rise faster than previously expected, providing additional crude supplies to a market that has tightened because of Saudi Arabian output cuts, according to a new government forecast. Higher-than-expected well […]
Aramco profit falls as lower prices, OPEC+ cuts hurt sales Performance dividend is on top of regular shareholder payout Saudi Aramco raised its payout to investors and Saudi Arabia’s government by more than half, in a […]
The Permian Basin, located in parts of Texas and New Mexico, stands as one of the most significant oil and gas producing regions in the United States and indeed the world. Its geological marvel has […]
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