As the Greek-flagged oil tanker MV Sounion burns in the southern Red Sea, Iran-backed Houthi militants targeted two ships with missiles and drones in the critical maritime chokepoint on Monday. Reuters reports projectiles hit a Panama-flagged oil tanker and a merchant vessel. Security firm Ambrey confirmed the oil tanker was hit by two missiles, with sources indicating the tanker is...Continue Reading
Neo Energy Slows Down Major North Sea Oil Project Due to Windfall Tax | OilPrice.com City A.M CityAM.com is the online presence of City A.M., London’s first free daily business newspaper. Both platforms cover financial and business news as well as sport and… More Info Premium Content By City A.M – Sep 02, 2024, 2:00 PM...Continue Reading
Finland Unveils World’s First Deep-Earth Repository To Bury Nuclear Waste | 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 – Sep 02, 2024, 1:00 PM CDT Currently, there are thousands of metric tons of used solid fuel from nuclear power...Continue Reading
Energy Maritime Associates (EMA) has identified 29 projects that are most likely to be awarded within the next 12 months. These include 16 FPSOs, 7 FSOs, 3 FLNGs, 2 Semis, and 1 MOPU. These will be for multiple units in Brazil, new frontier regions such as Namibia and the Falklands, as well as the re-emergence...Continue Reading
Tesla’s China-made EV Sales Grew 3% In August | 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, 12:30 PM CDT Tesla Inc.’s (NASDAQ:TSLA) China-made electric vehicles grew 17% in August from July and 3% compared to...Continue Reading
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
