Crude oil production worldwide fell to a seven-month low in January, dragged down by lower output in major producers Canada, Iraq, Russia, and Bahrain, data from the Joint Organizations Data Initiative (JODI) showed on Thursday.
The OPEC+ group will not be racing to react to this week’s oil price plunge and will wait for financial markets to calm down after the banking sector scare, consultants at Energy Aspects said in a note carried by Bloomberg on Thursday.
In 2021, India’s refining giant Reliance Industries announced plans to move most of its oil-trading staff from Mumbai to Dubai.
The world’s biggest international oil and gas firms continue to pledge lower-emission operations to supply the world with the hydrocarbons it needs and will need in the future.
Crude oil prices moved up today after the U.S. Energy Information Administration estimated an inventory draw of 1.7 million barrels for the week to March 3.
Energy shortages could have a more significant impact on the economy than originally anticipated.
(WO) – Increased demand for Add Energy’s drilling and well engineering services has led the company to set up a new office in Malaysia, headed up by a former ExxonMobil drilling engineer.
Everyone in the oil and gas industry is now talking about decarbonization and net-zero emissions
‘2022 saw Tullow successfully deliver against our business plan. A high focus on cost control and a disciplined approach to operational efficiency has driven a very strong performance for the year, with group production in line with guidance and expectations, delivering free cash flow of $267 million, lowering net debt to $1.9 billion and reducing cash gearing to 1.3x net debt to EBITDAX.
COP28 President-Designate urges oil and gas sector to increase commitments on global climate action
Dr. Sultan Al Jaber, COP28 UAE President-Designate has emphasized the integral role that the oil and gas industry plays in solving the climate challenge during his keynote remarks at CERAWeek.