(Bloomberg) — Seplat Energy Plc will revive hundreds of idle Nigerian oil wells after completing its purchase of Exxon Mobil Corp.’s onshore oil and gas assets in the West African nation. SourceContinue Reading

(Bloomberg) – Colombia wants to shorten the production timeline at its biggest deepwater discovery, the nation’s energy chief said, as it braces for a shortfall of natural gas in coming years. SourceContinue Reading

Rising Metal Prices Cast Shadow on U.S. Construction Industry | 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 – Dec 13, 2024, 4:00 PM CST China’s cancellation of...Continue Reading

General Motors is winding down its Cruise robotaxi division, according to a new report from Bloomberg.  GM’s exit from the market leaves Google’s Waymo and Tesla as the two main names in autonomous driving. The division “proved costly and full of reputational pitfalls” for General Motors, the report said. GM and Cruise will merge technical...Continue Reading

CNPC: China Reaches Refined Oil Demand Peak | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 13, 2024, 1:30 PM CST China, the world’s heavyweight oil consumer, has officially hit its...Continue Reading

The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday, after rising in the week prior. The total rig count remained flat at 589 total rigs, according to Baker Hughes, down 34 from this same...Continue Reading

Hungary and Bulgaria Try to Keep Russian Gas Flowing | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Dec 13, 2024, 11:30 AM CST Hungary and Bulgaria are in a bind. With...Continue Reading

Top 5 Best-Performing Energy Stocks This Year | OilPrice.com Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com.  More Info Premium Content By Alex Kimani – Dec 13, 2024, 11:00 AM CST The S&P 500 Energy Sector has returned 7.1% in the year-to-date. A survey of 26 bankers showed...Continue Reading

Profits at Commodity Trader Trafigura Tumble Amid Mongolia Fraud | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 13, 2024, 10:30 AM CST Trafigura saw its net profit for the financial year 2023/2024 ended on September 30 plunge by 62% as the commodity trading giant...Continue Reading

The African Energy Chamber (AEC) announced its support of the decision to renew Haitham Al Ghais as the Secretary General of OPEC for a further three-year term, effective 1 August 2025. SourceContinue Reading