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…
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…