Chinese authorities have stated that Newnew Shipping’s container ship Newnew Polar Bear was responsible, albeit by accident, for damaging the Balticconnector subsea gas pipeline between Estonia and Finland last year. According to a report by […]
Scientists have discovered a previously unknown source of oxygen production on the seafloor, challenging the assumption that photosynthesis is the primary source of oxygen. This “dark oxygen” is believed to be produced through a process […]
The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on petroleum products due to falling crude oil prices, India’s broadcaster ET Now reported exclusively on Monday, quoting sources. The oil […]
The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran, the […]
The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, is rarely far from the center of global tensions. A major shipping route that handles almost 30% of the world’s oil trade, […]
There’s little doubt that avoiding the most dire effects of climate change requires phasing out power stations that burn coal, the biggest source of carbon dioxide emissions. Yet the opposite is happening. Even as temperatures […]
Last year, U.S. oil and gas companies announced several massive deals. Enverus said in its latest report on M&A activity that the second quarter saw $30.2 billion worth of deals announced in the second quarter […]
The shutdown of the Sharara oil field in Libya disrupts production due to the arrest of a military leader’s son. Political instability and disputes over oil revenue sharing continue to hamper Libya’s oil industry. International […]
OPEC cuts its 2024 oil demand growth forecast by 135,000 bpd due to weaker Chinese demand. The cartel also lowered its 2025 oil demand growth estimate. OPEC acknowledges uncertainties in the global economy, impacting oil […]
Moscow and Kyiv accused each other of starting a fire on the grounds of Europe’s largest and now Russian-occupied Zaporizhzhia nuclear power plant in Ukraine on Sunday (11 August), with both sides reporting no […]
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