South Africa launches new national petroleum company
South Africa has officially established its new state-owned oil corporation—South African National Petroleum Company (SANPC). The launch—which follows…
Saudi Arabia and Kuwait Announce New Oil Discovery
Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone (PZ) between the…
EU sets CO2 storage obligations for oil and gas firms to hit 2030 climate targets
image: ©e-crow | iStock The European Commission has adopted a new regulation requiring oil and gas producers to…
Kazakhstan Expects to Top Its Oil Output Plan in Defiance of OPEC+
Kazakhstan is likely to top its oil production plan this year, due to the expansion of the Chevron-led…
Oil Price Volatility Impacts ONGC Earnings
India’s ONGC, the biggest oil and gas company in the country, reported a 35% drop in profits for…
Study: Expanding Renewable Energy Does Not Lower Fossil Fuel Production
A new study has found that increasing renewable energy may not necessarily reduce fossil fuel production in the…
Offshore oil operation near Santa Barbara resumes production
Almost 10 years to the day after a massive oil spill fouled the Santa Barbara coastline and prompted…
Kazakhstan Defies OPEC+ Once Again
Kazakhstan’s oil production rose 2% in May, defying yet another OPEC+ quota and testing the limits of Saudi…
US shale to plateau if oil prices stay in current range, ConocoPhillips CEO says
By Andrew Mills DOHA (Reuters) -U.S. shale oil production will flatten out if prices remain where they are…
Sable Offshore announces it has restarted oil production in Santa Barbara County
SANTA BARBARA COUNTY, Calif. – Sable Offshore announced Monday that it restarted oil production in Santa Barbara County…
Why filling the Strategic Petroleum Reserve could be the secret to success of Trump’s Middle East visit
President Trump visited the Middle East this week to much fanfare, pomp and, of course, circumstance as he…
Libya’s Future in Peril Again, While Russia Expands Its Influence
North Africa’s most resource-rich nation, Libya—home to vast hydrocarbon and mineral reserves—is once again at a crossroads. Despite…