With EU bans on Russian oil and oil-product exports set to go into effect this year in response to Russia’s ongoing war in Ukraine, emerging market producers are poised to gain larger shares of an evolving market.
The price caps on Russian crude oil and refined products appear to be working, analysts and U.S. officials say.
By late 2022 there were considerable concerns and doubts surrounding Suriname’s burgeoning offshore oil boom. Conflicting drilling results and seismic data saw 50% partners in Block 58 offshore Suriname Apache and TotalEnergies delay their financial investment decision, known as a FID.
Oil prices extended gains for a second session on Friday as the prospect of lower exports from Russia offset rising inventories in the United States and concerns over global economic activity.
Report finds four new offshore depots would emit around three times what the entire US emits each year, pushing world closer to climate catastrophe
Africa’s energy sector sits on the precipice of many exciting opportunities for expansion and development.
Kenya’s president William Ruto is imposing strict conditions on any change of ownership deal for oil blocks in the northwestern Turkana region.
Tanzania’s government gave its approval on Tuesday for the construction of a
$3.5 billion crude oil pipeline despite human rights and environmental concerns
about the mega-project.
Global methane emissions from energy were only slightly below record high levels in 2022, the International Energy Agency (IEA) has confirmed, arguing that there is “just no excuse” for oil and gas firms not to intervene.
Moscow mitigated restrictions on its energy industries, partially by granting favorable prices to China and India.