The nation’s economy grew by 49.7% in the first half of 2024, with the oil sector accounting for 67% of that growth, Ali said Saturday on a live webcast. Guyana produced an estimated 113.5 MMbbl of oil from January to June, and the oil sector is projected to grow by 56.4% this year, he added....Continue Reading

Having analyzed PEBs based on their availability of remaining hydrocarbon resources, development cost, emissions and the availability of new energy sources such as wind and solar, together with their suitability for carbon storage, the Central Arabian and Rub Al Khali basins stand out as carbon-efficient, resource-rich basins with significant potential. SourceContinue Reading

White Hydrogen Could Become Huge Revenue Source for Miners | OilPrice.com Leonard Hyman & William Tilles Leonard S. Hyman is an economist and financial analyst specializing in the energy sector. He headed utility equity research at a major brokerage house and… More Info Premium Content By Leonard Hyman & William Tilles – Sep 02, 2024,...Continue Reading

Over the next five years, almost half of the additional oil and gas production that could have got the go-ahead under the current tax system would be uneconomic under the new proposals, OEUK said in a report. That puts more than 35,000 jobs at risk in 2029 due to projects being shelved, the group said....Continue Reading

Libya Oil Shutdown Continues Amid Partial Resumption | 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 – Sep 02, 2024, 11:30 AM CDT Libya is yet to resume oil exports one week after the Haftar clan blocked production in a...Continue Reading

The Harsh Reality of the Global Energy Transition | OilPrice.com Robert Rapier Robert Rapier is a chemical engineer in the energy industry. He has 25 years of international engineering experience in the chemical, oil and gas, and… More Info Premium Content By Robert Rapier – Sep 02, 2024, 11:00 AM CDT The energy transition, which...Continue Reading

Africa’s Top Refinery Could Soon Upend Global Gasoline Markets | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 02, 2024, 10:00 AM CDT The Dangote refinery in Nigeria, Africa’s biggest and newest crude processing facility, is set to soon begin production of gasoline, potentially upending...Continue Reading

Saudi Arabia Expected to Cut Its Oil Prices to Asia for October | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Premium Content By Charles Kennedy – Sep 02, 2024, 9:47 AM CDT Saudi Aramco is expected to cut the OSP of its crude oil for Asia in October. The cut is...Continue Reading

U.S. Battery Storage Is Booming | OilPrice.com Tsvetana Paraskova Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews.  More Info Premium Content By Tsvetana Paraskova – Sep 02, 2024, 9:00 AM CDT U.S. battery storage installations are soaring thanks to tax credits from...Continue Reading

Turkey’s Gas Hub Plans Boosted by 10-Year LNG Deal With Shell | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Sep 02, 2024, 8:15 AM CDT On Monday, Turkey signed a ten-year agreement with Shell under which the supermajor will supply Turkish state energy firm BOTAS...Continue Reading