The Norwegian Petroleum Directorate (NPD) announced a slew of drilling permits this week. On May 24, the NPD revealed that it had granted Aker BP ASA a drilling permit for well 6507/2-6, and on May […]
Opec has revised its oil demand forecast for this year further down, because of the impact of the war in Ukraine on the global economy, accelerating rates of inflation and Covid-19 restrictions in China — […]
SANDEFJORD, Norway, May 9 (Reuters) – ConocoPhillips (COP.N) submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of […]
ENB Publishers Note: This is dependent on the Norwegian gas program maintaining production. While they are great reserves, they had been shutting down production for the last several years, and have the same problem as […]
Retirement systems plan to dump Russian holdings but face a lack of buyers and financial-services providers Pension funds around the world are reviewing their investments in Russia’s energy, banking and mining sectors in the wake […]
Source: Graph created by the U.S. Energy Information Administration, based on data from Eurostat and the International Group of Liquefied Natural Gas Importers (GIIGNL) annual liquefied natural gas trade reports Note: Due to reporting requirements, some volumes […]
ENB Publishers Note: How does this play into Putin’s hands? With a lot of cash. The ESG movement would rather buy from Russia where they do not follow ESG and support a government bent on […]
ENB Publishers Note: There is a direct and undisputed relationship between inflation and the Energy Crisis. The countries that produce energy will have a lower inflation rate. Those that rely on others for their energy […]
Norway’s oil and gas production is at an all-time high, bouncing back solidly from a year of pandemic restrictions and curbs on production. Norwegian firm Equinor is running the show with oil and gas revenues […]
OilPrice.Com As uncertainty over new Covid outbreaks combined with a strengthening U.S. dollar, oil prices came under pressure this week and are on course to finish the week 7 percent down. Friday, August 20th, 2021 […]
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