Equinor ASA said new seismic data is allowing for the reassessment of offshore oil and gas resources on Norway’s continental shelf, underpinning exploration and production efforts as the company targets as many as 30 wildcat wells a year through 2035. SourceContinue Reading

After pumping less crude in the years leading up to the pandemic than top counties in neighboring Texas, New Mexico’s Lea County has been rapidly gaining ground. Production there has expanded faster than in any other U.S. county, last year becoming the first to ever produce more than 1 MMbpd, according to energy research firm...Continue Reading

In 2022, Norway’s two biggest oil companies, Aker BP and Equinor, decided to move ahead with plans to spend about $19 billion to develop a string of fields in the North and Norwegian seas. The investment plans were driven by temporary Covid-era tax rules that were intended to spur petroleum investments during the pandemic. SourceContinue Reading

How Long Will Gold’s Record-Breaking Rally Last? | 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 – Aug 26, 2024, 12:00 PM CDT Gold prices reached record highs...Continue Reading

Nigerian regulators said they expect to formally consent to ExxonMobil’s sale of its oil and gas assets to Seplat Energy Plc within four months, ending a hiatus that has stalled the conclusion of a transaction that was first announced in February 2022. SourceContinue Reading

Russia Launches 200 Missiles at Ukrainian Energy Installations | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 26, 2024, 11:30 AM CDT Russia on Monday launched some 200 missiles at Ukraine, targeting energy installations, while Polish media report that Warsaw has deployed aircraft to defend...Continue Reading

Rate Cut Euphoria Fades as Oil Prices Jump 3.5% | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 26, 2024, 11:00 AM CDT Oil prices surged nearly 3% due to an Israeli strike on Hezbollah targets in southern Lebanon and Libya halting...Continue Reading

ExxonMobil: Oil Demand Will be Over 100 Million Bpd in 2050 | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 26, 2024, 10:30 AM CDT As the rivalry over global oil demand projections continues to intensify, supergiant Exxon Mobil on Monday chimed in to forecast...Continue Reading

Escalations in Violence From Iran’s Proxies Threaten Huge Oil Price Spike | 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 – Aug 26, 2024, 10:00 AM CDT A...Continue Reading

Canada Slaps 100% Import Tariff on Chinese EVs | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Aug 26, 2024, 9:40 AM CDT Canada will impose a 100% tariff on all Chinese-made EVs starting October 1, 2024. The tariff will align Canada’s trade policy more closely...Continue Reading