U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending March 8 to the week ending March 15, the U.S. Energy Information Administration (EIA) revealed in its latest weekly petroleum status report.
Egypt’s oil and gas sector is poised for growth, according to statements made by Minister of Petroleum and Mineral Resources Tarek El-Molla. The Minister highlighted the country’s promising potential and significant reserves, which can be leveraged to attract further investment and boost production.
New Global Witness analysis released today shows Scotland’s renewable energy jobs soared 70% between 2015 and 2022, according to Office of National Statistics (ONS) estimates.
Chinese offshore oil and gas major said it had filed an arbitration claim to establish a right over Hess’ stake in the giant Guyana oilfield Stabroek in the event of the U.S. firm’s sale to Chevron.
Oil prices rebounded on Thursday as U.S. crude and gasoline stock drawdowns lent support despite signs that the US Federal Reserve may keep interest rates higher for longer.
The Revolutionary Government of Zanzibar and Ministry of Blue Economy and Fisheries has successfully launched Zanzibar’s 1st Licensing Round, which invites bids for 8 blocks totalling 31,883 km².
APA-Abidjan (Côte d’Ivoire) The Ivorian Ministry of Mines, Petroleum and Energy is denouncing a failure to comply with local content requirements.
The Oklahoma Corporation Commission’s Petroleum Storage Tank Division is set to hold its annual Industry Roundtable Meeting.
Carbon-free electricity generated at nuclear power plants could aid Michigan’s goal of having 100% of its electrical generation from clean sources by 2040, but not without consideration of issues such as the significant expense of new nuclear power, unresolved questions about nuclear waste disposal, and siting challenges, according to a Nuclear Feasibility Study presented to the Michigan Public Service Commission and conducted at the behest of the Michigan Legislature.
On February 10th, 2024, Sudan announced a force majeure on South Sudan’s crude oil exports, citing restricted access to oil operations caused by ongoing military activity.