The proposal under development is set to outline potential sales of long-plumbed territory in the Gulf of Mexico, as well as waters around Alaska and near Southern California, where exploratory oil drilling was last conducted decades ago. Atlantic waters near the coasts of Maryland and Delaware are also included in the proposed sale program. SourceContinue Reading

Australia Confident About Achieving 2030 Climate Targets | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 10, 2020, 11:30 AM CST Australia is confident it could hit its emission reduction targets for 2030 without resorting to the use of credits for achieving targets under earlier...Continue Reading

South America Set To Struggle With Stranded Oil Assets | OilPrice.com Matthew Smith Matthew Smith is Oilprice.com’s Latin-America correspondent. Matthew is a veteran investor and investment management professional. He obtained a Master of Law degree and is currently located… More Info Premium Content By Matthew Smith – Dec 10, 2020, 11:00 AM CST Sharply weaker oil...Continue Reading

Mexico Plans Further Debt Relief For Pemex | 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 – Dec 10, 2020, 10:30 AM CST The Mexican government is mulling over additional tax relief measures for...Continue Reading

Oil Hits $50 On Vaccine Rollout | 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 – Dec 10, 2020, 10:00 AM CST Brent Crude hit $50 a barrel on Thursday morning for...Continue Reading

Shell Nigeria Employees Vandalize Oil Pipelines | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Dec 10, 2020, 9:30 AM CST Employees of Shell’s Nigeria subsidiary SPDC ordered the deliberate vandalization of oil pipelines to profit from them, according to a Dutch TV documentary, done in...Continue Reading

Shale operators slashed their planned capital expenditure (capex) for 2020 to account for the oil price crash, which inevitably led to decline in drilling and completion activity in the Eagle Ford play. Hence, crude oil production is expected to drop by 10% year-on-year (YOY) in 2021, says GlobalData, a leading data and analytics company. SourceContinue Reading

Pandemic Crushes U.S. Refining Capacity | 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 – Dec 10, 2020, 9:00 AM CST The closure of several refineries in the United States in recent...Continue Reading

In a new series of clean power agreements, BP has agreed to more than triple the renewable power that it will supply Amazon in Europe, while Amazon Web Services will enable the acceleration of BP’s program to digitize its infrastructure and operations. SourceContinue Reading

Transportation-related CO2 emissions fell to 102 million metric tons in April 2020, the lowest monthly level since February 1983. SourceContinue Reading