Permian or Bust? U.S. Oil Growth Has a One-Basin Problem
The Permian basin has been the chief growth driver for U.S. shale oil production. The most prolific shale…
StanChart: OPEC+ Is About To Become Much More Transparent
A week ago, the 39th OPEC and non-OPEC Ministerial Meeting was held via videoconference, chaired by Prince Abdulaziz…
TotalEnergies Boosts Stake in Brazil’s Lapa Oil Field to 48%
TotalEnergies (NYSE: TTE) has signed a strategic asset swap agreement with Shell Brasil to raise its operated interest…
Santa Barbara County Judge temporarily halts Sable Offshore’s plans to restart oil production off the Gaviota Coast
SANTA BARBARA, Calif.—Linda Krop has been fighting for what she explains as environmental justice. “There’s been no environmental review.…
Oil and Gas Investment in Colombia Sees Uptick Despite Hurdles
In recent years, Colombia’s oil production and reserves have been in decline and interest in investing in the…
Alberta Wildfires Shut About 7% of Canada’s Oil Production
(Bloomberg) — Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy…
Shell Boost Stake in Nigerian Deepwater as TotalEnergies Exits Bonga Oilfield
Shell will buy TotalEnergies’ 12.5% non-operated stake in the deepwater oilfield Bonga offshore Nigeria, where the UK-based supermajor…
Oil Demand Growth Faces Significant Headwinds
For most of the past century, energy producers could count on steady oil demand growth. From industrial development…
Saudi Arabia and Kuwait announce oil discovery within Partitioned Zone
The governments of Saudi Arabia and Kuwait have revealed that Wafra Joint Operations has made an oil discovery…
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…