Ecopetrol is planning to spend $300 million this year — the most it has invested in offshore drilling in any year — as it pushes to produce more natural gas and get it to consumers in fewer than the 10 to 15 years it normally takes to bring to market, according to Elsa Jaimes, the...Continue Reading

Net production was 494,000 boepd in the second quarter of 2024, compared with 387,000 boepd in the second quarter of 2023, primarily due to higher production in Guyana and the Bakken. In the third quarter of 2024, E&P net production is expected to be in the range of 460,000 boepd to 470,000 boepd, primarily reflecting...Continue Reading

An aging oil province like the North Sea, where most fields are heavily depleted and the remaining untapped resources are costly to develop, cannot tolerate these extra burdens, the oil and gas industry said. SourceContinue Reading

China is Flooding Global Markets with Excess Steel Supply | OilPrice.com Metal Miner MetalMiner is the largest metals-related media site in the US according to third party ranking sites. With a preemptive global perspective on the issues, trends,… More Info Premium Content By Metal Miner – Jul 31, 2024, 1:00 PM CDT China’s steel exports...Continue Reading

Russia To Extend Ban On Gasoline Exports | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jul 31, 2024, 12:30 PM CDT Moscow has announced it will extend its ban on gasoline exports from August to October, in a...Continue Reading

Texas Pipeline Congestion Could Throttle U.S. Oil Exports at Critical Time | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 31, 2024, 12:00 PM CDT Texas crude oil pipelines are nearing capacity, with major pipelines between the Permian Basin and the Port...Continue Reading

Hess Beat Earnings Estimates On Robust Guyana Output | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jul 31, 2024, 11:30 AM CDT Hess Corp. (NYSE:HES) has posted an impressive second-quarter earnings report with its stake in prolific Guyana...Continue Reading

Russia and Iran to Start Work on Game-Changing Energy Corridor | OilPrice.com Simon Watkins Simon Watkins is a former senior FX trader and salesman, financial journalist, and best-selling author. He was Head of Forex Institutional Sales and Trading for… More Info Premium Content By Simon Watkins – Jul 31, 2024, 11:00 AM CDT Iranian Petroleum...Continue Reading

U.S. Oil & Gas Sector Methane Emissions 8X Above Industry Target | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Related News By Alex Kimani – Jul 31, 2024, 10:30 AM CDT The U.S. Oil & Gas sector is producing 8x above the volume of...Continue Reading

Inventory Draw Pushes Oil Up | OilPrice.com Irina Slav Irina is a writer for Oilprice.com with over a decade of experience writing on the oil and gas industry. More Info Premium Content By Irina Slav – Jul 31, 2024, 9:44 AM CDT Crude oil prices today moved slightly higher, after the Energy Information Administration reported...Continue Reading