The Minister of Oil and Gas Mohammed Oun called for the implementation of House of Representatives’ Resolution No. 15 of 2023 regarding stopping new procedures, contracts, or amendments to any previous measures regarding sovereign assets such as oil, gas, and gold.
The recent article on New Mexico selling out to the oil and gas industry (Journal, Oct. 15), is just not true. Ms. Evans is obviously unaware of the incredible changes that the oil and gas industry has made in green fracking.
Oil and gas stocks were among the top performers on the S&P 500, with four industry players taking their place in the top 10. The reason for this was a higher price for oil coupled with enhanced volatility. But this is just one aspect of the story.
Over the last year, the U.S. has been ramping up its natural gas production, with plans to develop several more LNG facilities in the south of the country.
As many as 131 companies representing nearly $1 trillion in global annual revenue are urging governments to set targets and timelines for the phaseout of unabated fossil fuels.
The success of COP28 in Dubai, UAE, is facing immense pressure due to the aftermath of the Hamas terrorist attack on Israel and the ongoing Israeli conflict with Gaza.
China is likely to have saved $10 billion on crude oil imports so far this year as it has imported record volumes of cheaper oil from Russia, Iran, and Venezuela—all three under U.S. and Western sanctions, a Reuters analysis showed on Wednesday.
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) is optimistic that oil and gas production in Nigeria will experience a significant increase in the coming months.
The Organization of the Petroleum Exporting Countries (OPEC) has predicted that world oil demand will rise to 116 million barrels per day by 2045, a larger prediction than its 2022 estimate.
News of a blockbuster oil acquisition by Exxon Mobil suggests more focused consolidation to come in the global energy sector, experts said Wednesday, with one analyst suggesting the trend could drive oil prices down in the long run.