President Joe Biden won temporary permission to once again pause energy leasing on federal lands and waters, after a U.S. appeals court found a trial judge’s order against the moratorium too vague to review. SourceContinue Reading
National Oil Company Petrobras is focusing on output growth from pre-salt, following a trend of Brazilian oil independents raising output at fields the NOC already divested, Petroleum Economist reported. SourceContinue Reading
Neptune Energy announced drilling has begun on a new production well at its operated Rӧmerberg oil field in the Rhine Valley, southwestern Germany. SourceContinue Reading
Denbury Inc., an independent oil company based in Plano, Texas, has been exploring options including a sale, according to people with knowledge of the matter. SourceContinue Reading
U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, according to the EY U.S. oil and gas reserves, production and ESG benchmarking study. SourceContinue Reading
Global oil markets face a high risk of a supply squeeze this year as demand remains resilient and spare production capacity dwindles, the new head of OPEC said. SourceContinue Reading
Santos Ltd. has given the go-ahead for a $2.6 billion oil field project in Alaska to expand its production beyond the Asia-Pacific region. SourceContinue Reading
Among other things, Microsoft is making it possible for Exxon to analyze reams of oil field data. Amazon is helping drillers run simulations to maximize how much oil they can pump from existing wells. SourceContinue Reading
While the introduction of the NNPCL promises to be advantageous to the country’s energy industry, realistically, there are certain challenges that need to be promptly and properly addressed for the new NNPCL to function effectively and achieve its objectives. SourceContinue Reading
