Shell has announced that oil discovered offshore Namibia in PEL 39 cannot be currently confirmed for commercial development. As such, the company will write down $400 million, citing technical and geological difficulties. SourceContinue Reading

Forever Chemicals Found in U.S. Tap Water | OilPrice.com Felicity Bradstock Felicity Bradstock is a freelance writer specialising in Energy and Finance. She has a Master’s in International Development from the University of Birmingham, UK. More Info Premium Content By Felicity Bradstock – Jan 11, 2025, 10:00 AM CST “Forever chemicals” are a group of...Continue Reading

TotalEnergies, Basra Oil Company and QatarEnergy broke ground on a $250 million project to capture gas from the Ratawi oil field in Southern Iraq. The planned facility will process 50 million cu. ft. per day of gas that was previously flared, TotalEnergies stated. SourceContinue Reading

Can the World Break Its Reliance on Chinese Clean Energy Tech? | OilPrice.com Haley Zaremba Haley Zaremba is a writer and journalist based in Mexico City. She has extensive experience writing and editing environmental features, travel pieces, local news in the… More Info Premium Content By Haley Zaremba – Jan 10, 2025, 6:00 PM CST China’s...Continue Reading

Fiber-Optic Drones: Russia’s New Weapon in Ukraine War | OilPrice.com RFE/RL staff RFE/RL journalists report the news in 21 countries where a free press is banned by the government or not fully established. We provide what many… More Info Premium Content By RFE/RL staff – Jan 10, 2025, 2:00 PM CST Russia is using fiber-optic...Continue Reading

TotalEnergies Begins Work On Delayed $27B Energy Project In Iraq | 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 – Jan 10, 2025, 1:30 PM CST French oil and gas company TotalEnergies (NYSE:TTE) has begun building a gas processing facility...Continue Reading

China and India Stand To Lose From U.S. Sanctions on Russian Oil Trade | 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 – Jan 10, 2025, 1:00 PM CST The United States is set to impose some of the harshest...Continue Reading

The total number of active drilling rigs for oil and gas in the United States fell this week, according to new data that Baker Hughes published on Friday, after seeing no change in the four weeks prior. The total rig count fell by five rigs, to 584 according to Baker Hughes, down 35 from this...Continue Reading

Constellation and Calpine Corp. today announced they have entered into a definitive agreement under which Constellation will acquire Calpine in a cash and stock transaction valued at an equity purchase price of approximately $16.4 billion. SourceContinue Reading

India’s Refiners Brace For Major Disruption to Russian Oil Supply | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Jan 10, 2025, 11:30 AM CST Indian refiners expect their supply of cheaper Russian crude to be severely crippled with imminent U.S. sanctions expected to be slapped...Continue Reading