Saudi Arabian Oil Co. (Aramco) has signed a shareholder agreement with two companies to build a carbon capture and storage (CCS) hub in Saudi Arabia with an initial capacity of nine million metric tons per annum (MMtpa).
Oil fell 2% to settle below $69 a barrel as tepid US economic data undercut OPEC+’s progress on a deal to keep output constrained.
The Kremlin’s oil revenues in November fell from a year earlier for a second consecutive month, spurred by lower prices for the nation’s crude.
Energean plc has reported production of 156,000 barrels of oil equivalent per day (boepd), a 31 percent increase year over year, for the nine-month period ended September 30.
Natural gas prices are drifting lower after failing to break out above a key technical level at $3.40 per million British thermal units (MMBtu) last week.
Vitol Group and Glencore Plc. are considering acquiring New Fortress Energy Inc.’s Jamaican LNG assets, according to people familiar with the matter.
Halliburton has launched its Intelli suite of diagnostic well intervention wireline logging services. This suite of services is designed to facilitate customer collaboration, improve well insights to enable increased production, help extend asset life and reduce total cost of operations.
This week, the OPEC+ group is meeting to discuss when and how to begin easing the ongoing production cuts. The alliance looks to have dug itself deeper into a position between a rock and a hard place, again. Although they are not publicly admitting it, OPEC and its allies want to keep oil prices fairly […]
Oil prices were moving higher early on Tuesday morning ahead of the latest OPEC+ meeting as members of the group aligned behind plans to extend production cuts into 2025. – US President-elect Donald Trump threatened to slap a 100% tariff on BRICS if the respective countries decide to create a new currency alternative to the […]
None of the three dozen sales of oil wells proposed in California this year has materialized due to the considerable clean-up costs for the wells estimated by the state’s oil and gas regulator.