Determined to save the world from climate change, California has nearly shut down its oil and gas industry, though the Golden State currently gets 50 percent of its total energy from oil and another 34 percent from gas. The state’s most recent move was a decision by California’s Geologic Energy Management Division to deny new hydraulic fracturing permits on oil and gas wells.
Minister of Energy Dr. Matthew Opoku Prempeh has led a delegation of energy sector officials in the upstream petroleum sector to Trinidad and Tobago to gain insights into best practices, explore advanced technologies and identify potential partnerships.
Years after an end to the oil and gas wars was declared in Colorado, the fight is fueling back up.
A group against fracking in Ohio’s state parks filed an emergency stay this week. The group is asking a Franklin County judge to issue an emergency order to stop the Ohio Oil and Gas Land Management Commission from awarding bids on several fracking projects.
The floating liquefied natural gas (FLNG) vessel for a Mauritania-Senegal project of BP PLC has arrived at its destination on the maritime border of the two countries, the British energy giant said.
The average U.S. diesel price is down compared to a year ago, according to the AAA gas prices website
While the upstream mega deals in the U.S. shale patch have been drawing the most market attention, pipeline operators are also embarking on a merger spree in a quest to add scale, optimize assets, and gain more exposure to export markets.
Crude oil futures rose Wednesday as Federal Reserve officials indicated that interest rates have likely reached their peak
The Producer Price Inflation (PPI) rate for January 2024 stood at 17.4%, higher than the 16.6% recorded in December 2023.
Last year, Saudi Arabia’s sovereign wealth fund became the world’s top spender, accounting for a quarter of the $124 billion that sovereign wealth funds invested in total.
Saudi Arabia has been spending heavily both abroad and at home—the home of the world’s megaprojects, such as the $500-billion futuristic Neom project and a whole new airline, among others.