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News and Updates

08 September 2023

Oil Prices Reach 9-Month High Amid Concerns of Tight Supply

Rising U.S. Diesel Futures and OPEC+ Supply Cuts Drive Gains

11 September 2023

Fossil Fuel Demand Set to Peak This Decade: Implications for Climate Change

The End of Relentless Growth in Oil, Gas, and Coal Demand

11 September 2023

North Sea Oil and Gas Industry Thrives Despite Challenges

Norway and UK Achieve Milestones in Oil and Gas Production

08 September 2023

Perenco Boosts Onshore Oil Production in Mexico through Successful Drilling Campaign

Perenco Mexico's Recent Drilling Success at Santuario Noreste

08 August 2023

Global Crude Production Outlook for 2023 and 2024: EIA Analysis

US and Other Producers Offset OPEC Cuts with Surging Output

05 September 2023

North Sea Oil and Gas Industry: Thriving through Investments, Exploration, and Production Success

Norway and the UK Poised for Significant Milestones

30 August 2023

Revolutionizing the Oil and Gas Industry: Embracing Digital Technology

Unlocking Efficiency, Safety, and Sustainability

29 August 2023

Equinor's New Oil and Gas Discovery near Bergen Boosts Norway's North Sea Prospects

Successful Exploration Continues Near Fram Field

29 August 2023

Norway's 2024 Oil and Gas Exploration Blocks Attract Strong Interest

High Demand for Offshore Blocks in Barents Sea

30 August 2023

Permian Basin Oil and Gas Activity Boosts GDP by $181.8 Billion, New Report Reveals

Record Tax Revenue and Economic Impact of the Permian Basin

31 August 2023

Eni and Repsol Send Naphtha Shipment to Venezuela to Ease Fuel Shortages

Venezuela Receives Oil Shipment Amidst Fuel Scarcity

31 August 2023

ExxonMobil Urges Continued Fossil Fuel Investment for Decades Ahead

ExxonMobil Projects World Will Struggle to Meet 2050 Emission Targets

31 July 2023

EU Achieves 90% Gas Storage Capacity Ahead of Winter

Successful Restocking Boosts Winter Energy Resilience

31 July 2023

Norway's July Oil and Gas Production Reaches 22.8 MMcfpd

Norwegian Hydrocarbon Production on the Rise in 2023

31 July 2023

Fossil Fuel Subsidies Soared to $1.3 Trillion in 2022, Reveals IMF Report

Despite Global Promises, Fossil Fuel Support Hits Record High

31 July 2023

Equinor's Ninth Oil and Gas Discovery Shines in North Sea

A Remarkable Find in the Troll/Fram Area - Equinor's Ninth Oil and Gas Discovery Shines in North Sea

31 July 2023

Bolivia Unveils Major Oil and Natural Gas Discovery with $5 Billion Revenue Potential

YPFB's Remanso-X1 Well Holds Promise for Bolivia's Energy Future

31 July 2023

Namibia's $2.1 Billion Port Expansion Aims to Support Offshore Oil Developments

Private Investment Sought for Port Infrastructure Project Following Significant Offshore Oil Discoveries

31 July 2023

UK Approves Hundreds of New North Sea Oil and Gas Licenses to Boost Energy Independence and Economy

Prime Minister Commits to Licensing Rounds as New Analysis Highlights Domestic Gas Production's Lower Carbon Footprint

09 June 2023

UK's Fossil Fuel Imports from Authoritarian States Surge to £19.3bn Post-Ukraine Conflict, Reveals Report

Shift from Russian Imports Leads to Increased Dependence on Regimes Accused of Rights Violations and Conflicts

16 August 2023

Oil and Gas Exploration Spending Poised to Average $22 Billion Annually by 2027, Notes Wood Mackenzie

Rebound from Historic Lows Expected as Industry Embraces Favorable Economics and New Opportunities

16 August 2023

Oil and Gas Exploration Spending Set for Recovery from Historic Lows, Predicts Wood Mackenzie

Growing Economic Attractiveness and Energy Security Needs Drive Increase in Exploration Investment

17 August 2023

Oil and Gas Exploration Spending Set for Recovery from Historic Lows, Predicts Wood Mackenzie

Growing Economic Attractiveness and Energy Security Needs Drive Increase in Exploration Investment

16 August 2023

China's Crude Oil Imports from Iran Set to Reach 10-Year Peak in August

Rising Demand Spurs China to Increase Iranian Crude Imports Amidst Global Competition

18 August 2023

Equinor Unveils New Offshore Oil and Gas Discovery near Bergen, Norway

Norwegian North Sea Continues to Yield Promising Hydrocarbon Reserves for Equinor

16 August 2023

China Poised for Decade-High Iranian Crude Imports in August

Navigating China's Surging Crude Oil Imports and Iran's Production Ambitions

14 August 2023

Surge in Middle East Activity Drives Oil and Gas Contracts to $57 Billion

Enhancing the Oil and Gas Landscape with Remarkable Contract Surges

16 August 2023

QatarEnergy, TotalEnergies, and Eni Prepare for Offshore Drilling in Lebanon's Block 9

An offshore drilling rig has arrived in Lebanon's Block 9, signaling the commencement of drilling activities in the region.

09 August 2023

Oil Hits New Highs on US Fuel Demand, Tighter Supply

Surging Demand for US Fuel and Production Cuts Propel Oil Prices to New Heights

14 August 2023

Energy NL Extends Warm Welcome to Equinor's 2024 Exploration Program

Highlighting the commitment to the region and the potential of the Bay du Nord project in the Newfoundland and Labrador energy sector.

07 July 2023

Advancing Oil and Gas Exploration Frontiers in Africa

Frontier exploration remains a pivotal force in shaping investments across Africa, even amidst the backdrop of oil companies divesting from mature assets.

28 July 2023

Oil Market Developments: Interest Rates, Crude Inventories, and OPEC+

Key Developments in the Oil Market: Interest Rate Hikes, Crude Inventories, and OPEC+ Focus

28 July 2023

OMV Gas Discovery and LNG Deal

Austria's OMV Announces Major Gas Discovery and Long-Term LNG Agreement

21 July 2023

PETRONAS Carigali Oil and Gas Discoveries

PETRONAS Carigali Sdn. Bhd., a wholly owned subsidiary of PETRONAS, has achieved remarkable success with the discovery of six oil and gas reserves...

26 July 2023

Saudi Arabia's Oil Production Cut Extension

Saudi Arabia Expected to Extend Oil Production Cut into September - Saudi Arabia is poised to prolong its 1 million-barrel-per-day reduction in oil production.

30 May 2023

Here's Why Oil Flows Can Only Be Redirected, Not Stopped

Global crude flows have shifted completely in a relatively short period of time. Because of the resilience of oil demand Russia’s oil revenues are recovering, too.

05 May 2023

Canada LNG project nears completion

The last large module has been delivered to the LNG Canada project in Kitimat, a joint venture comprised of Shell, PETRONAS, PetroChina, Mitsubishi Corporation and Korea Gas Corporation.

05 May 2023

TotalEnergies' $27 billion Iraq project to begin

Iraq and TotalEnergies expect to kick-start a long-delayed $27 billion (€24.5 billion) project within the next two weeks, according to Iraq's oil minister Hayan Abdel-Ghani.

10 May 2023

Russia Reports Attempted 'Terrorist Attack' On Druzhba Oil Pipeline

Russian pipeline monopoly operator Transneft said on Wednesday that there was an attempt at a “terrorist attack” on a filling station of the Druzhba oil pipeline in Russia's Bryansk region bordering Ukraine.

11 May 2023

Canadian Operators Restart Oil And Gas Production As Wildfires Subside

Major oil and gas operators in Canada's energy-producing province of Alberta have restarted part of the production and processing facilities that were shut during the weekend as wildfires prompted an evacuation.

23 February 2023

Can Argentina's Oil Industry Help Stave Off An Economic Crisis?

Argentina is once again in the grips of an economic crisis, with its economy expected to see meager growth in 2023 or even a contraction.

02 February 2023

Unlocking The Benefits Of Passive Income

Unsurprisingly, the average millionaire has multiple streams of passive income. After all, the more passive income sources you stack up, the closer you reach financial freedom.

18 October 2022

Will the energy crisis crush European industry?

As European businesses brace for energy shortages, workers at one plant in south-eastern France are getting a new winter wardrobe.

10 May 2023

Warren Buffett Dumping $13bn Worth of Stock Rings Alarm Bells Over Economy

Warren Buffett's firm Berkshire Hathaway has sold billions of dollars' worth of U.S. stocks in the first three months of the year, raising concerns among investors over the state of the slowing U.S. economy.

15 May 2023

US to buy 3 million barrels to refill emergency oil reserve

The U.S. Department of Energy said on Monday it will purchase 3 million barrels of crude oil for the Strategic Petroleum Reserve for delivery in August, and asked that offers be submitted by May 31.

15 May 2023

Equinor's Njord field officially reopens, expected to double production

(WO) – According to Equinor, the Njord field in the Norwegian Sea will be officially opened by the minister of petroleum and energy, Terje Aasland.

15 May 2023

OEUK: North Sea still supports UK energy security amidst oil, gas production decline

(WO) — Offshore Energies UK has responded to claims by the Energy & Climate Intelligence Unit (ECIU) that the UK faces sharp rises in gas imports, and import costs, over the next decade, linked to declining production from the UK's North Sea.

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