Oil prices recorded big declines on Thursday, with WTI and Brent crude down 3% on the intraday session as debt ceiling jitters overcame optimism about another round of OPEC+ production cuts.
MoEI drives strategic partnerships in clean energy with German, Dutch energy sectors
Airlines are finally emerging from the gloom of the global pandemic.
Saudi Arabia, the UAE, Algeria, Egypt, Bahrain, and Iran have formally asked to join the BRICS group of nations as it prepares to hold its annual summit in South Africa.
Papua New Guinea’s Kumul Petroleum still has its sights on acquiring further equity in the ExxonMobil-operated PNG LNG project from largest shareholder Santos, again extending the deadline to complete the $1.4 billion deal as it has yet to secure the necessary financing.
The end of oil and gas is nigh. In a decade or so, demand will begin to ebb as electrification takes giant strides toward a cleaner, more reliable energy system.
Contrary to popular belief, the first oil well in the Middle East was not discovered in Saudi Arabia.
The World Trade Organisation (WTO) Director-General, Dr. Ngozi Okonjo-Iweala, has thrown her weight behind calls for a just energy transition framework for African countries, saying balance must be sought between the desire for a cleaner, more sustainable environment and the continent’s need for development.
A new wave of mergers and acquisitions is coming to the U.S. oil patch, and the most prolific shale basin, the Permian, is set to lead the deal-making activity in the industry.
The last decade or so has been tumultuous for the oil industry.