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Climate group: Methane emissions in Brazil's beef-rich country are increasing
Brazil's methane emission increased by 6% between the years 2020 and 2023. The world's biggest beef exporter released 21,1 million tons of this potent greenhouse gas. This was the second highest level in history. According to a report released on Wednesday by the Climate Observatory…
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Petrobras passes key test for Amazon exploration license
The Brazilian state-owned oil company Petrobras concluded an emergency drill on Wednesday in the Foz do Amazonas Basin, according to the company and Brazil’s environmental agency. This was one of the last steps required to secure the controversial exploration license for the mouth of Amazon river.
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Mitsubishi abandons offshore wind farms in Japan
A senior official in the industry ministry said that Japan wants to re-auction as many offshore wind sites as possible as soon as they can, subject to local community consent. The trading house Mitsubishi Corp announced on Wednesday that it would no longer build wind farms in the prefectures of Akita and Chiba due to rising costs.
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Exxon expects a surge in natural gas demand by 2050
Exxon Mobil's annual outlook said that global demand for natural gases will increase by more than 20 percent from its level last year in 2050, as the gas replaces coal in powering industries and meeting higher electricity needs in developing countries. These projections form the basis of the long-term investment and strategy for the largest U.S.
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Wood Group extends deadline for Sidara's offer to August 29,
Wood Group announced on Thursday that the UK takeover committee has extended to August 29, the deadline for the takeover bid from Dubai-based Sidara. Sidara reduced its offer for Wood Group earlier this week following an investigation by the UK Financial Conduct Authority into the company's operations.
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
Latest news
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
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Egypt signs $340 million oil and gas exploration deal with global firms
The Petroleum Ministry announced on Saturday that Egypt had signed four agreements worth $340 million with international…
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Schedule for US Energy Data in the week of August 31
Labor Day, which falls on September 1, will impact the schedule for the release of major energy data during the week ending August 31.
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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Baker Hughes reports that US drillers have cut their oil and gas rigs a second time in a week.
Baker Hughes, a leading energy services company, said that the U.S. firms have cut back on oil and gas rigs for the second consecutive week.
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EIA: US oil production reached record high in June
The U.S. crude production reached a record in June. It increased by 133,000 barrels a day, to 13,58 million bpd. This is…
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Wood Group accepts Sidara’s takeover bid following a year-long pursuit
The Wood Group in Britain has accepted a conditional bid of 216 million pounds ($292 millions) from Dubai's Sidara. This…
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Document shows EU wants proof of Russian gas origin in order to enforce Russian ban
A document obtained by revealed that European Union countries may impose stricter requirements for companies to prove the…
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Andy Home: A quiet revolution is taking place in the mining industry
If the world wants to move away from fossil fuels, it will need to have a large amount of copper. Can the mining industry meet this demand?
Exploration
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Strathcona, a Canadian company, wants to increase its stake in MEG Energy and opposes Cenovus' bid
Strathcona Resources, a Canadian oil and natural gas producer, announced on Thursday that it would buy an additional 5% of rival MEG Energy.
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Sources: Olmeca is still offline, but Mexico's Minatitlan has been brought back to life.
Sources told Thursday that Mexico's Minatitlan refinery, which produces 285,000 barrels per day, was restarting Thursday.
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Russia claims to have extinguished a fire at a large oil refinery following the latest Ukrainian drone attacks
Russia announced on Thursday that an attack by a Ukrainian drone had put out a fire in an oil refinery located in the southern Krasnodar Region.
Drilling
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Trump's options for easing Russia sanctions are limited in comparison to Europe
Donald Trump, the U.S. president, could lift some sanctions against Russia quickly as a way to reward Moscow for successful peace talks with Ukraine.
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RPT-Private Chinese firm producing oil in Venezuela under rare 20-year pact, source says
China Concord Resources Corp. has started developing two Venezuelan oilfields. The company plans to invest over $1 billion…
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Indiana's BP Refinery restarts following severe flooding
IIR, a monitor of the industry, said that BP's Whiting refinery, which produces 440,000 barrels per day, is in the process…
Production
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US Natural Gas Prices Drop 4% on Record Output
U.S. natural gas futures fell about 4% to a nine-month low on Tuesday on near-record output, ample fuel in stockpiles and…
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Norway prepares its first major licensing round for oil and gas in years
Norway's Energy Minister said Friday that he was preparing to launch a round of oil and gas licenses on the Norwegian continental shelf.
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Leviathan Natural Gas Field Signs $35b Supply Deal With Egypt
Israel's Leviathan natural gas field has signed the largest export agreement in the country's history, worth up to $35 billion to supply gas to Egypt…
