European oil major Shell Plc cautioned that Europe may have to brace for a string of winters with exorbitant power bills and electricity rationing as Russia squeezes gas supplies. SourceContinue Reading
Energy services provider Expro is leading industry efforts to meet environmental targets with the development of a digital technology that can help drilling contractors and operators cut an estimated 146 tons of CO2 emissions annually – the equivalent of 58 transatlantic flights. SourceContinue Reading
Progress toward an Iranian nuclear deal has thrown the spotlight onto a sizeable cache of crude held by Tehran that could be swiftly dispatched to buyers in the event an agreement gets hammered out. SourceContinue Reading
Major economies sharply increased support for the production and consumption of coal, oil and natural gas, according to analysis released by the Organisation for Economic Co-operation and Development and the International Energy Agency. SourceContinue Reading
Mozambique will have to wait a little longer to join the ranks of the world’s liquefied natural gas exporters, after a vessel that was destined for its first offshore production platform changed course at the weekend and sailed away. SourceContinue Reading
The Railroad Commission of Texas will soon begin plugging more wells to continue its strong track record of plugging abandoned oil and gas wells in Texas. SourceContinue Reading
Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development, announced an increase in its operated land position through the acquisition of an additional 1,920 acres in the Paradox Basin, Utah. SourceContinue Reading
Neptune Energy and its partners announced a new commercial oil discovery at the Ofelia exploration well (PL 929), close to the Gjøa field in the Norwegian sector of the North Sea. SourceContinue Reading
The Department of the Interior announced that Texas has been awarded an initial grant of $25 million from the Infrastructure Investment and Jobs Act to begin work to plug, cap and reclaim orphaned oil and gas wells across the state. SourceContinue Reading
U.S. shale producers are on course to make nearly $200 billion this year, enough to make the industry debt-free by 2024 and potentially fund a pivot toward more natural gas production, according to Deloitte LLP. SourceContinue Reading
