OPEC+ faces record-breaking U.S. oil production and rising supply from other non-OPEC+ producers, including Brazil, Guyana, Canada, and Norway. Barring a major geopolitical escalation resulting in a large supply outage, oil prices are unlikely to […]
(WO) – Neptune Energy, along with partners Wintershall Dea, Pandion Energy, Aker BP and DNO, announced a new discovery at the Kyrre prospect and confirmed the volumes for the Ofelia appraisal well, both located in […]
The electric car will not whisk us towards an ever growing yet greener future. If governments were truly serious about reducing emissions, I have argued, they would celebrate walking and subsidize bicycles instead of $70,000 vehicles […]
By Charles Kennedy of OilPrice.com Danish offshore wind developer Orsted has officially withdrawn from a consortium set to bid on Norwegian offshore wind projects just days after pulling out of two U.S. offshore wind projects, Reuters reports, […]
Norway’s Havfram has discontinued its business unit dedicated to early-phase development of offshore wind farms, Kontiki Winds. The news came hot on the heels of Havfram’s announcement of collaboration ending with RWE and NTE on the bid […]
Equinor’s strategic fine-tuning means renewable electricity growth will be less exclusively focused on offshore wind, although that remains critical, while oil and gas production will remain steady this decade, but pivoting increasingly toward natural gas. […]
Daily Standup Top Stories Russia’s Oil Exports Climb Despite Its Commitment To Cut Supply November 1, 2023 Mariel Alumit By Tsvetana Paraskova of OilPrice.com Russia’s crude oil exports by sea have been exceeding the country’s targeted […]
OSLO, Norway — With motor vehicles generating nearly a 10th of global CO2 emissions, governments and environmentalists around the world are scrambling to mitigate the damage. In wealthy countries, strategies often revolve around electrifying cars — and […]
HOUSTON, Oct 4 (Reuters) – Global crude oil prices could rise to $100 a barrel based on the OPEC+ decision on Wednesday to maintain supply cuts, the chief economist of Norwegian oil and gas company […]
Six young people from areas in Portugal ravaged by wildfires and heatwaves will on Wednesday take 32 European governments to court over what they see as climate inaction, arguing countries’ failure to cut emissions fast enough is a violation […]
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