Industry & Analysis
News
November 29, 2023
The spotlight at IEW 2024 will demonstrate India's intricate energy landscape, characterized by a diverse energy mix, rapid growth in renewable energy, challenges related to energy access, urbanization, and economic development, all within the context of addressing climate change.
News
November 28, 2023
Production from the assets is approximately 4,000 boed (100% light and medium crude oil).
News
November 28, 2023
The stalemate may not be resolved before the scheduled OPEC meeting on Nov. 30, potentially requiring a further delay, one delegate said.
News
November 28, 2023
Companies including Shell Plc., Repsol SA, Hungary’s Mol Nyrt, Sweden’s Maha Energy AB, the National Gas Company of Trinidad and Tobago and Bolivia’s state gas company YPFB have sent delegations to Caracas since the U.S. lifted curbs on Venezuela’s oil sector last month, according to four people with knowledge of the situation.
News
November 28, 2023
The oil industry is embracing renewables, with major investments being made, and it is investing in technologies to reduce emissions, OPEC said.
News
November 27, 2023
Alberta Premier Danielle Smith’s government said in a statement that Alberta, which relies on natural gas for the bulk of its power generation, is able to achieve a net-zero power grid by 2050 but the 2035 target would be “unaffordable, unreliable and unconstitutional” and puts people at risk of “freezing in the dark” when temperatures drop as low as minus-23F.
News
November 27, 2023
Shell Plc, TotalEnergies SE and Chevron Corp received U.S. approval to delay about 5 MMbbl in returns until 2024 and 2025, according to government documents.
News
November 27, 2023
The OPEC leader has been making a largely unilateral production cutback of 1 MMbpd since July, and is now seeking further support from across OPEC and its partners, said the delegates, asking not to be identified because the information is private.
News
November 27, 2023
With futures well down from September highs, widely watched timespreads for global benchmark Brent and U.S. counterpart West Texas Intermediate have softened, signaling ample supply, while U.S. stockpiles have jumped.
News
November 24, 2023
A new report shows that deliveries to exploration, operation and modification of Equinor-operated oil and gas fields and onshore plants in Norway exceeded $8.69 billion in 2022, an increase of approximately 13% from the previous year. Over 90% went to Norwegian suppliers.
News
November 24, 2023
But despite a postponement of the gathering amid a dispute over oil production quotas for African members, around half of respondents now see OPEC+ unveiling measures to tighten oil markets when it gathers on Nov. 30.
News
November 23, 2023
Commissioner Christian sent a letter in early November encouraging the SBOE board to adopt curriculum that would include the benefits of Texas oil and natural gas production.
News
November 23, 2023
The spat involving African members dredges up a disagreement from June, when Angola, Congo and Nigeria were pushed by Saudi Energy Minister Prince Abdulaziz bin Salman to accept reduced output targets for 2024 that reflected their diminished capabilities.
News
November 23, 2023
Saudi Arabia and its allies are embroiled in a dispute over oil production quotas for African members. The disagreement has forced the group to push back its scheduled conference by several days to Nov. 30, sending crude plunging by as much as 4.9% to below $80 a bbl in London on Wednesday.
News
November 23, 2023
The state-owned Middle Eastern company has been studying a possible bid as it seeks to boost its global footprint, people familiar with the matter said. Any deal could value Wintershall Dea at more than €10 billion ($11 billion), the people said.
News
November 22, 2023
The decision by OPEC+ to move its meeting from the weekend to next week is likely to affect millions of barrels worth of oil options and potentially send prices swinging more widely.
News
November 21, 2023
(WO) — Shutting down obsolete North Sea energy installations is a business opportunity worth more than £20 billion ($25 billion) over the next decade, according to calculations by Offshore Energies UK (OEUK).
News
November 20, 2023
Brazil’s state-controlled oil giant Petroleo Brasileiro SA will continue with its current price policy, making adjustments only when technical guidelines suggest the need for them.
News
November 16, 2023
Nigeria is withdrawing civil claims totaling $1.1 billion against energy giant Eni SpA, ending a long battle in Italian courts over allegations of corruption in an oil-field deal.
News
November 15, 2023
(WO) — The Railroad Commission of Texas assessed $1,063,647 in fines involving 342 enforcement dockets against operators and businesses at the Commissioners’ Conference on Nov. 15.
News
November 15, 2023
The US will enforce oil sanctions against Iran amid the renewed conflict in the Middle East, a White House Energy adviser said Wednesday.
