In 2024, the US is expected to contribute significantly to non-OPEC oil production growth, with Goldman Sachs projecting it will account for 60% of this increase.
August 03, 2024
Chevron Corp.'s $53B acquisition of Hess Corp. has encountered further delays as a scheduled arbitration hearing regarding the Stabroek block in Guyana has been set for May 2025.
August 03, 2024
The major Middle East OPEC producer has recently announced a major oil discovery in the offshore Al-Nokhatha field, revealing significant potential with estimated reserves.
July 28, 2024
US crude production is projected to rise steadily, reaching an average of 13.98MM b/d in the fourth quarter of 2025, according to the latest Short-Term Energy Outlook (STEO) from the Energy Information Administration (EIA).
July 20, 2024
Energy Secretary Ed Miliband has enacted an immediate ban on new North Sea oil drilling licenses, a move that overrides departmental officials and could lead to legal confrontations with oil companies.
July 14, 2024
Hurricane Beryl made landfall in Texas, causing significant power outages in Houston and shipping delays, but it had a limited impact on oil production and refining assets, according to Claudio Galimberti from Rystad Energy.
July 13, 2024
The US oil and gas sector is experiencing a deceleration in production growth due to lower prices and a strategic focus on shareholder returns.
July 06, 2024
The U.S. oil production landscape in 2024 presents a paradox: despite stagnant growth over the past 10 months, the country is poised to achieve a new annual production record.
June 29, 2024
In recent developments across the three South American countries, several key projects are shaping the oil and gas landscape in the region
June 29, 2024
China National Offshore Oil Corporation (CNOOC) has initiated crude oil production from the Enping 21-4 Oilfield Development Project in the South China Sea, marking a significant milestone for the state-held giant.
June 29, 2024
