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Suriname’s Much-Needed Oil Boom May Soon Be Back On Course

Suriname’s Much-Needed Oil Boom May Soon Be Back On Course

Suriname’s long-awaited oil boom could…

Food Crisis Follows Energy Crisis In Europe

Food Crisis Follows Energy Crisis In Europe

Although energy inflation has slowed…

Energy / Energy-General

Norway Looks To Ramp Up Exploration In Arctic Waters

May 29, 2023 at 11:42 | Felicity Bradstock

Norway appears to remain firmly committed to its oil and gas operations despite leading the green transition. Norway has long used almost entirely renewable energy to power its domestic consumption, yet it…

Is This The Supermajor Of The Century?

May 29, 2023 at 09:57 | Robert Rapier

On May 22, 2023, Chevron announced that it had entered into a definitive agreement with PDC Energy, Inc. Chevron will acquire all of the outstanding shares of PDC…

Memorial Day Drivers Get Cheaper Gasoline Prices Thanks To Flagging Crude

May 29, 2023 at 09:42 | Charles Kennedy

Gasoline prices in the United States were up slightly on Memorial Day, the official start of the summer driving season, though Americans are still paying less at the…

Canadian Oil And Gas Producers Restart Production As Wildfires Abate

May 29, 2023 at 08:33 | Michael Kern

Canadian oil and gas producer Crescent Point Energy Corp on Monday said it had brought back online full production volumes at its operations in the Kaybob Duvernay play that…

Saudi Arabia Is Profiting From Its Record-Breaking Diesel Trade

May 29, 2023 at 06:42 | Tsvetana Paraskova

Saudi Arabia is making money from diesel trading after the EU embargo on Russian fuels, as the world’s top crude exporter is now importing record volumes of cheap diesel from…

Oil Prices Climb As Default Fears Fade

May 29, 2023 at 03:05 | Irina Slav

Crude oil began trading this week with a gain after President Biden and House Speaker Kevin McCarthy were reported to have reached a provisional agreement on raising the debt…

Solar Is Cheapest Energy Source Says IEA

May 26, 2023 at 15:26 | Irina Slav

Solar power has been touted as the cheapest available source of energy for several years now. Solar power proponents have been talking about the consistent decline in the cost of…

The Race To Dominate The LNG Sector Is Creating A Buyer’s Market

May 26, 2023 at 13:45 | Haley Zaremba

Back in February of 2021, Qatar laid out a plan to ensure its dominance in liquefied natural gas exports for at least two decades. Already the world’s top exporter of…

Oil Rebounds As U.S. Drillers Continue To Pull Back

May 26, 2023 at 12:13 | Julianne Geiger

The total number of total active drilling rigs in the United States fell by 9 this week, according to new data from Baker Hughes published Friday, after falling by 11…

Russia Prefers OPEC+ Leaving Oil Production Unchanged

May 26, 2023 at 10:48 | Charles Kennedy

Russia would prefer its partners of the OPEC+ group to leave oil production unchanged when it meets next week, as Moscow is okay with the current oil prices and production…

Fracking Ban Could Cause Gas Shortage In Colombia

May 26, 2023 at 10:26 | Matthew Smith

Colombia’s first-ever leftist president emerged victorious from the July 2022 election run-off after running a broad reform-based campaign with a focus on transitioning the Andean country…

Explosive Evidence Suggests Energy Companies Helped Finance Colombia’s Civil War

May 26, 2023 at 10:13 | Matthew Smith

Colombia has been locked in a vicious multiparty civil war for control of the country’s vast natural wealth, including fertile agricultural land, fossil fuels, and gold,…

Oil Markets On Edge Ahead Of OPEC Meeting And U.S. Debt Deadline

May 26, 2023 at 07:18 | Michael Kern

Oil markets are on edge as the next OPEC+ meeting and the "X date" when the U.S. government may default on its debt loom.Oilprice Alert: Whether you are new to…

Mixed Messages From OPEC+ Keep Markets On Edge

May 26, 2023 at 06:49 | Editorial Dept

On Thursday, US benchmark July crude oil futures prices declined after Russian Deputy Prime Minister Alexander Novak suggested that there might not be any additional production cuts by OPEC+ in…

Are Oil Majors Spending Enough On Research And Development?

May 26, 2023 at 06:47 | Editorial Dept

1. Upcoming OPEC+ Meeting Might be An Exercise in “Ouching”- Saudi Arabia’s Energy Minister Abdulaziz…

Iran Responds To Israeli Threat By Test-Launching Ballistic Missile

May 26, 2023 at 06:44 | Editorial Dept

Politics, Geopolitics & Conflict Iran’s response to an Israeli threat to take unspecified action against Tehran’s nuclear program was to test-launch a ballistic missile on Thursday, demonstrating a 2,000-km range…

A U.S. Default Is Unlikely, But So Is An Oil Rally

May 26, 2023 at 06:41 | Editorial Dept

This week, as the deadline for reaching an agreement on raising the US debt limit approached, the ratings agency Fitch announced that they were placing the AAA debt rating of…

Putin Has Lost Control Of The Wagner Group

May 26, 2023 at 06:39 | Editorial Dept

Putin has failed to temper Prigozhin, the head of Russia’s private mercenary group, Wagner. In fact, Prigozhin is now becoming a global household name, finding himself in the…

Norway’s Oil Fund Will Vote For More Climate Action From Exxon And Chevron

May 26, 2023 at 05:19 | Tsvetana Paraskova

Norway's sovereign wealth fund, the largest in the world, will vote in favor of climate resolutions at Exxon’s and Chevron’s annual general meetings next week asking the U.S. oil supermajors…

Oil Prices Retreat On Mixed Messages From OPEC+

May 26, 2023 at 03:18 | Irina Slav

Crude oil began trade on Friday with a slight decline as traders weighted mixed messages from the two biggest members of OPEC+. Earlier in the week, prices jumped following comments…

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