Major oil field service companies are pivoting to more work in international and offshore fields amid a slowdown in U.S. shale activity brought on by industry consolidation, low natural gas prices and pressure to keep spending muted and return profits to shareholders. SourceContinue Reading

Colombian driller EcoPetrol could end up acquiring an even larger stake, up to 49%, in the assets Occidental agreed to buy from CrownRock LP for $12 billion in late 2023. This option expires in August, according to a filing. SourceContinue Reading

The upstream assets consist of a portfolio of production and exploration licenses in the DNS comprising 2,415 km2 (approximately 600,000 net acres). The licenses are in shallow water at an average water depth of 34 m, approximately 60 km offshore. SourceContinue Reading

Goldman Sachs Sees Downside For Copper in The Short Term | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Jul 21, 2024, 2:00 PM CDT In recent weeks, copper has been stuck in a narrow range and is down about 15% from the record...Continue Reading

How the U.S. Presidential Election Could Influence Precious Metals Prices | 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 – Jul 21, 2024, 12:00 PM CDT Precious metals...Continue Reading

Kazakhstan, Azerbaijan, and Uzbekistan Forge Green Energy Export Alliance | OilPrice.com Eurasianet Eurasianet is an independent news organization that covers news from and about the South Caucasus and Central Asia, providing on-the-ground reporting and critical perspectives on… More Info Premium Content By Eurasianet – Jul 21, 2024, 10:00 AM CDT Kazakhstan, Azerbaijan, and Uzbekistan are...Continue Reading

Israeli Strike Sets Yemen’s Oil Port Ablaze | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Related News By ZeroHedge – Jul 20, 2024, 8:00 PM CDT For the first time since the Israel–Hamas war erupted last October, the Israeli military has deployed fighter jets to strike Iran-backed Houthi rebels...Continue Reading

Why China’s Commodity Imports Rise amid Struggling Economy | 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 – Jul 20, 2024, 6:00 PM CDT Chinese purchases of LNG, coal, copper, and iron...Continue Reading

Turkey Willing To Boost EU Gas Exports If Bloc Guarantees Demand | 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 – Jul 20, 2024, 4:00 PM CDT Turkey is willing to export more gas to the EU, most of which...Continue Reading

Could the UK’s Crown Estate Shake-Up Accelerate Offshore Wind Investment? | 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 – Jul 20, 2024, 2:00 PM CDT The Crown...Continue Reading