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ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. Hess Corp and CNOOC of China, expect to produce up to 1.5
Russia is to restart its key oil and gas operations in the semi-autonomous Kurdistan Region of Iraq (KRI) according to recent comments from its Energy Minister Sergei Tsivilev. This encompassed the KRI, much of the rest of Iraq under the control of its Federal Government
Tanzania plans to launch in May its fifth oil and gas licensing round for 26 exploration blocks in what will be the East African countrys first such bidding round since 2014.
Oil-rich Egypt has big plans for the future of its fossil fuel development with several major new auctions and investments planned for the North African country. Egypt is a major African fossil fuel producer, the second-largest non-OPEC producer of liquid fuels after Angola. It was also the second-largest producer of
(Oil Price) –The world needs upstream investments in existing oil and gas fields to support global energy security, Fatih Birol, the executive director of the International Energy Agency (IEA), said at the CERAWeek by S&P Global conference in Houston. Atkinson authored a report in partnership with Mark P.
Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report.
When the Labour Party of Keir Starmer won the latest UK elections, it vowed to stop new oil and gas exploration. In early February, a Scottish court ruled the previous governments approval of two new oil and gas projects in the North Sea unlawful.
The Asian giant is aiming to achieve carbon neutrality by 2060, despite continuing to be heavily reliant on oil, gas and coal. Despite being the worlds biggest polluter, China is also a renewable energy superpower. As Chinas renewable energy sector continues to expand, how long will this last until the bubble bursts?
Crude oil prices inched higher after starting the week with sharp losses, amid reports of rebounding Asian imports and a weaker dollar that should stimulate stronger demand. At the time of writing Brent crude was trading at $70.05 per barrel, with West Texas Intermediate at $66.75 per barrel, as the U.S. Even an estimated U.S.
says its Delo 600 ADF 10W-30 and Delo 600 ADF 15W-40 heavy-duty engine oils have been approved for use in Cummins mobile natural gas engines. Chevron Products Co.
(Oil Price) –ExxonMobils eighth oil project offshore Guyana will also be the biggest natural gas development of the Exxon-led consortium in the prolific Stabroek Block. Exxon and its partners in Guyanas oil projects, U.S. The gas could also be used for power to support data centers.
billion social fund, which collects revenues from oil and gas exploration and production, as approval ratings of President Luiz Inacio Lula da Silva have slumped to a record low. Brazil looks to boost its economy with money from its $3.5-billion
-based worldwide supplier of premium branded lubricants and automotive services, has launched its Valvoline Premium Blue One Solution Gen2 – the brand’s second iteration of its heavy-duty engine oil first released in 2018.
(World Oil) –Ecuadors President Daniel Noboa has ordered a consortium seeking to take over the nations top oil asset to pay an entry fee of $1.5 Previously, the consortium of local subsidiaries of Chinese oil company Sinopec and New Stratus Energy Inc. billion by March 11, moving up the deadline by more than three weeks.
This weeks call from the International Energy Agency (IEA) for continued investment in existing oil and gas fields is another moment of truth for the Paris-based agency, highlighting its inconsistent messages about upstream investment, OPEC says.
(Oil Price) –Operators and developers are expected to spend a total of $43 billion on oil and gas projects in Africa this year, as established producers and newcomers see growing investments, the African Energy Chamber said in a new report. By Tsvetana Paraskova for Oilprice.com
(Oil & Gas 360) – Switching Back To An Employer-Driven Economy (From Ruler-Driven) Restoring Upward Mobility Of The Masses Will Have A Profitable Oil & Gas Drilling Boom. Last weeks 80 Bcf draw in working natural gas inventory has it down at 1,760 Bcf on February 28 (Figure 9, red line).
GW coal-fired […] The post Talen, PJM Reach Agreement to Keep 2 GW of Coal, Oil Generation Online for Reliability in Maryland appeared first on POWER Magazine.
Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysias national oil and gas firm exit the Argentinian shale region, sources with knowledge of the matter have told Bloomberg.
Earlier this month, the Texas Independent Producers & Royalty Owners Association (TIPRO) released the 10th edition of its State of Energy Report, offering a detailed analysis of national and state trends in oil and natural gas employment, wages and other key economic factors for ?the the energy industry in 2024 (full copy below).
That man is Kazakh millionaire Kenges Rakishev, who made his money from oil and gas and metals, and now wants a piece of the EV pie. The West is lagging behind China when it comes to the EV race, Rakishev, chairman of Fincraft Group, told the South China Morning Post in an interview.
A consortium of UK-based supermajor BP, Azerbaijans state oil and gas firm SOCAR, and Israeli company NewMed Energy on Monday signed a licensing agreement to explore for natural gas offshore Israel, the Energy Ministry of Israel said.
Once upon a time, in the not-so-distant past, the United States was the world's largest importer of energy, guzzling down foreign oil and gas like a frat boy at a kegger. has transformed from energy junkie to pusher, with liquefied natural gas (LNG) as its hottest commodity. Natural gas production was declining, and
PJM has urged Talen Energy to delay its deactivation of two of four units at the 840-MW coal, oil, and gas–fired Herbert A. Wagner Generating Station in Maryland until transmission […] The post PJM Urges Delayed Retirement of 840-MW Fossil Fuel Power Plant, Citing Reliability Impacts appeared first on POWER Magazine.
Latin America has long been a dominant force in the global energy market, built on vast oil and gas reserves. As energy demand evolves, national oil companies (NOCs) must not forsake oil, but rather ensure its competitiveness while prudently exploring emerging energy markets.
Oil is only just holding its ground but in these markets that is outperformance. The post Oil price, DEC, Reabold, Sound, Predator. Today DEC has results with a very confident outlook. Sound is seeing the new operator in Morocco giving some clout operationally which is good and Reabold has hired a new, top quality NED at Rathlin.
(Oil Price) –BP is looking to raise the number of its board members and hire two more directors as part of its strategy to boost oil and gas production and shareholder returns, the Financial Times reported on Tuesday, citing sources familiar with the plans. Production is also expected to grow, to 2.32.5
You can only call attention to it, which is what we’re doing with a group of “40 to 50” protesters who gathered yesterday at the Ohio Statehouse to protest drilling for oil and gas under state-owned land, including drilling under (not on) state parks. Sorry to be so blunt: You can’t fix stupid.
(World Oil) – Africas national oil companies (NOC) are moving beyond operating as state-representatives by transforming themselves into competitive upstream players. Boosting production Major oil producers in Africa are striving to boost production and NOC-IOC collaboration is at the forefront.
(World Oil) – Libyas oil and gas sector is set for a new era of growth and investment following the announcement of its first exploration bid round in 17 years. Offshore infrastructure projects are also advancing, including Enis Structures A&E Project, which channels gas from two fields to the Mellitah treatment plant.
(World Oil) – Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of the worlds biggest oil producer Saudi Aramco. Oil use is set to rise by 1.3 Thats slightly higher than the 1.05
(Oil Price) –The worlds biggest sovereign wealth fund, Norways $1.8 trillion oil fund, has made its first investment in an external hedge fund with long-short strategies, amid changing and volatile markets, a top executive of the funds manager told the Financial Times.
Cepsa, a Spanish oil and gas company, and Redexis, an integrated energy infrastructure company, have started operating their third refueling station for natural gas vehicles (NGVs). It is connected to Badajoz […].
(World Oil) –Murphy Oil Corporation today announced that a subsidiary has signed a Sales & Purchase Agreement (SPA) to acquire the BW Pioneer floating production storage and offloading vessel (FPSO) from BW Offshore. Hambly, President and CEO of Murphy Oil.
After confirming a trend of rising retirement extensions, this report evaluates and lists the timing of natural gas plant retirements likely to be delayed, based on plant efficiency and projected power demand growth. Looking at expected natural gas plant retirement delays across the U.S., CALGARY, Alberta (Mar. gigawatts of capacity.
Over the course of Thursday and Friday - days III & IV - of India Energy Week 2025 that put us on the home stretch of the global event, conversations turned more meaningfully towards the Indian government's assertion of placing a 'gas economy' at the heart of its march to net zero by 2070. Have a read here if you wish.
Natural Gas Inventories as of March 7, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 62 Bcf as of March 7, 2025. Working gas in storage was 1,698 Bcf as of Friday, March 7, 2025, according to EIA estimates. At 1,698 Bcf, total working gas is within the five-year historical range.
The Natural Resources Defense Council says any energy that burns oil, gas and coal endangers people’s health and causes climate change is dirty. When considering alternative fuels and options that are better for the environment, many fleet owners are overlooking propane autogas, thinking it is a dirty fuel. But this is not the case.
With more than 35 years diverse experience in oil and gas midstream and energy services in technical, business development and executive management roles, he will support the growth of sales and distribution of the company’s compression solutions suite. Galileo […].
Natural Gas Inventories as of February 28, 2025 The EIA has released its natural gas inventory report, showing a net decrease of 80 Bcf as of February 28, 2025. Working gas in storage was 1,760 Bcf as of Friday, Februrary 28, 2025, according to EIA estimates. This represents a net decrease of 80 Bcf from the previous week.
(Oil Price) –Petronas has launched a process to potentially sell its interest in a Vaca Muerta joint venture which would see Malaysias national oil and gas firm exit the Argentinian shale region, sources with knowledge of the matter have told Bloomberg. By Tsvetana Paraskova for Oilprice.com
EnerCom Denver is the largest independent investor conference for the global oil and gas industry and broadening energy industry that is open to all energy companies, investors, and professionals to participate. Qualified investment professionals and oil and gas company executives may register for the conference at no cost.
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