The signatories have also said they will not finance any deep sea mining companies. “Before any potential deep seabed mining occurs, it needs to be clearly demonstrated that such activities can be managed in a way that ensures the effective protection of the marine environment,” they said in the statement. “All alternatives to deep sea minerals...Continue Reading

OPEC’s Production Rises In March As Iran Boosts Output | 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 – Mar 31, 2021, 11:00 AM CDT A large increase in Iranian oil production...Continue Reading

CGG has been awarded three major seismic imaging projects by BP, two from the deepwater Gulf of Mexico and one from offshore Trinidad and Tobago. These projects will start in Q1/Q2 this year and complete with cloud delivery of the data no later than Q4 of 2021. SourceContinue Reading

Oil Jumps On Surprise Crude Draw | 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 – Mar 31, 2021, 9:39 AM CDT Crude oil inventories last week shed 900,000 barrels, the Energy Information Administration...Continue Reading

The revision, which mainly affects the next few months, follows a recommendation from OPEC Secretary-General Mohammad Barkindo that the coalition should remain very cautious. SourceContinue Reading

MBS: Aramco And SABIC To Lead $1.3 Trillion Investment Push | 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 Related News By Irina Slav – Mar 31, 2021, 9:30 AM CDT Aramco and its subsidiary SABIC will spearhead a...Continue Reading

OPEC+ Sees Slower Oil Demand Recovery Amid New Lockdowns | 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 – Mar 31, 2021, 9:00 AM CDT An OPEC+ panel advising the group has...Continue Reading

The $2.25 trillion, eight-year proposal is a follow-up to the $1.9 trillion economic relief bill passed earlier this month. To cover the costs, Biden wants to raise corporate taxes to 28% from 21%. The plan also seeks a minimum tax on profits U.S. corporations earn overseas, increasing the rate to 21% from roughly 13%. SourceContinue Reading

The president’s plans, part of a $2.25 trillion infrastructure and stimulus blueprint he is set to unveil in Pittsburgh on Wednesday, are meant to catalyze investments in a clean energy economy and encourage low-emission technology necessary to constrain global warming. SourceContinue Reading

Will The World’s Newest Oil Benchmark Be A Success? | 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 – Mar 30, 2021, 7:00 PM CDT At a time when highly leveraged U.S. exploration and production (E&P) companies have been struggling...Continue Reading