The OPEC+ coalition ratified an oil-production increase that completes the return of supplies halted during the pandemic, while deferring discussions on its next move for another day. SourceContinue Reading
Through the agreement, Longboat farmed-in to two near-term, gas weighted exploration prospects on the Norwegian Continental Shelf targeting combined gross unrisked mean prospective resources of 223 mmboe1. SourceContinue Reading
It may not be quite throwing caution to the winds, but the prospect of hefty profits and supply that may not stretch to meet consumer demand is enticing U.S. refiners to run at a 21-month high, testing equipment limits to sustain high rates without breakdowns. SourceContinue Reading
Venezuela’s economy is forecast to expand at its fastest pace in 15 years, marking a rebound for a country that recently emerged from the deepest recession in Latin America. SourceContinue Reading
Deirdre Michie OBE has today formally announced that at the end of 2022 she will hand over the reins after almost eight years as Chief Executive of Offshore Energies UK. SourceContinue Reading
Saudi Arabia’s foreign minister said there’s nothing more the kingdom can do to tame oil markets, implying that the world’s biggest crude exporter has no plan to accelerate its gradual production increases. SourceContinue Reading
Seismicity reviews are conducted by the Underground Injection Control Department for injection/disposal well permits in areas susceptible to earthquakes and in certain geologic zones. SourceContinue Reading
Export prices for OCTG from China appear to be softening as the Covid lockdown in Shanghai begins to ease but cases in Beijing are now on the rise. SourceContinue Reading
With six blocks under exploration and another licensing round underway, The Gambia is following on the heels of both Senegal and Mauritania as the MSGBC region embraces the boom of a revitalized oil and gas industry. SourceContinue Reading
