The transactions are the latest evidence that major oil companies are coming out of the Covid-19 downturn with the intention of channeling extra investment into renewable energy. Eni, like its European peers, has pledged to achieve net-zero carbon emissions by the middle of this century. SourceContinue Reading

The Whale development, owned by Shell Offshore Inc. and Chevron U.S.A. Inc., is expected to reach peak production of approximately 100,000 barrels of oil equivalent per day and currently has an estimated, recoverable resource volume of 490 million barrels of oil equivalent. SourceContinue Reading

The platform now enables operators to integrate DAS data with offset pressure, microseismic, tracers, logs, and geologic information for a 360-degree interpretation of the physics driving well, pad, and unit development performance. SourceContinue Reading

Outside of the U.S. and OPEC, Brazil is set to add more crude production through 2026 than any other country. It wants to double crude output by 2030 to become the world’s fifth-largest exporter, and even if it doesn’t hit that target, low-cost oil plays have positioned the country well to emerge as one of...Continue Reading

Iraq is spending billions of dollars to ramp up gas production and reduce its reliance on imports from Iran, which it uses primarily to power its electricity plants. SourceContinue Reading

Oil squeezed out its first weekly gain in three on signs that global demand is holding up despite concerns that the renewed spread of the virus could stall the recovery. SourceContinue Reading

Natural gas futures soared to $4 per million British thermal units in the U.S. for the first time since December 2018 as summer heat intensified concerns about tight supplies later this year. SourceContinue Reading

Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime’s grip on power. SourceContinue Reading

Shell Trinidad and Tobago announced that production has started on Block 5C in the East Coast Marine Area in Trinidad and Tobago. This marks a significant milestone in the delivery of gas both domestically and internationally through Atlantic LNG. SourceContinue Reading

B3 CEO and co-founder Kelly Bennett said “This program is a commitment by B3 and its members to put words to action through collaboration and transparency to create meaningful solutions.” SourceContinue Reading