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Oil Field
B.C. Fracking Fields Emit 1.6 to 2.2 Times More Methane than Federal Estimates
Methane emissions from British Columbia oil and gas fields are 1.6 to 2.2 times higher than the federal government is estimating, according to yet another study…
OPEC
OPEC+ is Boosting Oil Production, Ending Dispute that Shook Energy Markets
OPEC+ agreed to increase oil production Sunday, as demand roars back and prices surge, ending a dispute between the United Arab Emirates and Saudi Arabia.
Floating Offshore Wind
Plan to Power Oil & Gas Ops with Floating Wind Unveiled in Azerbaijan
SOCAR and Technip Energies have signed a cooperation agreement which, among other things, will see the two companies working on a joint pilot project for poweri…
United States
Texas Oil Cos in $370MM Merger Deal
Penn Virginia Corporation has revealed that it has entered into a definitive merger agreement with Lonestar Resources US Inc. to acquire the company in an all-s…
Oil&Gas Drilling
I3 Energy Finishes Drilling Second Oil Well at Canada Project
i3 Energy PLC said Thursday that drilling operations on the second well at the Marten Hills Clearwater drilling program in Canada have been completed, with prod…
Oil&Gas Drilling
UK Oil & Gas Investments Basur-3 field in Turkey: Influence On The Growth Of Stock Prices?
UK Oil and Gas shares have been growing for six months.
Oil Price
OPEC Sees World Oil Demand Reaching Pre-Pandemic Level in 2022
OPEC said that that demand next year would rise by 3.4% to 99.86 million barrels per day, averaging more than 100 million bpd in the second half of 2022.
Oil Pipeline
China & Nord Stream-2 Top Agenda As Biden Meets Merkel
The two sides are hoping to mend deeply strained relations ahead of Germany's election in ten weeks.
Oil Refinery
China's Crude Oil Runs Hit Record Highs in June
China's crude oil throughput hit a record high in June, rising 3.9% on a daily basis from the previous record set in May as more refineries resumed operations a…
Oil Refinery
Iraq Signs Al Faw Refinery Deal with China's CNCEC
Iraq has decided to award a long-awaited contract to build a new 300,000 b/d integrated refining and petrochemicals complex on the southern Al Faw peninsula to …
Oil Price
Oil Prices Drop After Saudi-UAE Reach Output Compromise
The deal between the two Gulf producers means that members of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will…
Market Analysis
Fossil Fuel Power Demand has 'Peaked Worldwide': Analysis
Renewable options such as solar and wind are already the cheapest source of new power generation in 90 percent of the world's markets, meaning developing nation…
Energy Storage Battery
Vard Electro to Deliver First Multi-mode Battery Technology Vessel for Canadian Oil and Gas
Vard Electro has been awarded a contract for an innovative hybrid battery power system with Atlantic Towing to be integrated on their vessel Atlantic Shrike.
Oil Price
Oil Falls Slightly Despite Crude Draw
The American Petroleum Institute on Tuesday reported a draw in crude oil inventories of 4.079 million barrels for the week ending July 9, bringing the total 202…
OPEC
OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns
The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and t…
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