Markets

Hurricane Helene has significantly affected oil and gas operations in the Gulf of Mexico, leading to notable production shut-ins and operational adjustments.

Oil and gas production in the US Gulf of Mexico is steadily recovering after Hurricane Francine.

Hurricane Francine has led to substantial disruptions in US Gulf of Mexico oil and gas production, with significant repercussions for the crude oil market.

US major’s recent developments in deepwater drilling, particularly with the launch of the Anchor project in the US Gulf of Mexico (GOM), mark a pivotal moment for exploration and production (E&P) activities in the region.

South America is emerging as a pivotal player in the global crude oil market due to significant production increases in Brazil, Guyana, and Argentina, with varying impacts on global supply dynamics.

On Sept. 5, 2024, OPEC+ extended its voluntary oil production cuts for an additional two months, reflecting ongoing struggles in the oil market.

Recent developments in South Africa, Nigeria, Senegal, and Namibia are significantly altering the African oil and gas sector.

The Norwegian energy firm's commitment to investing up to a huge sum in domestic offshore oil and gas operations underscores its long-term outlook for Norwegian energy resources.

The ongoing political dispute between the Kurdistan Regional Government (KRG) and the federal Iraqi government has severely impacted the Kurdistan oil production and prices.

Latin American producer’s oil output has surged significantly since it began in 2019, escalating from 70K b/d in 2020 to 380K b/d in 2023.