The energy transition is a multilayered process that is continually demanding progress in technology, government, work expertise, and economics. To rapidly deploy renewable energy across the United States, the transition requires workers at every level from boots on the ground to executive suite employees.
Russia expects its oil and gas production to fall this year compared to 2022, partly due to the production cuts announced for March, Russian Energy Minister Nikolai Shulginov told lawmakers on Wednesday.
Crude oil prices were on the rise Thursday after booking substantial losses earlier in the week following two bank collapses in the United States that ignited fears of an industry meltdown.
Last year, the United States leapfrogged Qatar and Australia to become the world’s largest exporter of liquefied natural gas. This was made possible thanks to the surge in LNG demand from Europe as it urgently sought an alternative to Russian pipeline supply.
Crude oil prices moved lower today after the U.S. Energy Information Administration reported an inventory build of 1.6 million barrels for the week to March 10.
The government is weighing up plans to bring in a price floor for the windfall tax amid fears Equinor could pull out of the proposed Rosebank oil and gas project, City A.M. understands.
The oil market is set to swing from a comfortable supply overhang in the first half of 2023 to a deficit in the latter part of the year as the economic rebound in China will push global oil demand to a record high, the International Energy Agency (IEA) said on Wednesday.
Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators.
Tullow Oil plc has said it plans to agree a long-term gas sales agreement with the Government of Ghana covering both Jubilee and TEN fields in 2023.
Equinor has again made an oil and gas discovery near the Troll field in the North Sea. This is Equinor’s eighth discovery in the area since 2019.