Norway’s Shearwater Geoservices has received a letter of award from India’s state-owned Oil & Natural Gas Corporation for a large 3D seismic survey off the east coast of India. SourceContinue Reading
Exxon says U.S. oil producers won’t significantly boost output under Trump, despite calls to “drill, baby, drill,” citing economic priorities over political changes. SourceContinue Reading
(Bloomberg) – A harsh winter would push Asian and European consumers into competition for the same gas as supplies of the fuel are stretched, according to Equinor ASA. Plans for oil production from the Norwegian continental shelf remain unchanged, says Equinor. SourceContinue Reading
President-elect Trump’s pro-energy agenda includes fast-tracking permits for stalled LNG projects, reversing Biden-era regulatory pauses and increasing leases on federal land for gas production. This could strengthen the sentiment around global LNG supply after years of uncertainty. SourceContinue Reading
An average of 13.4 million bpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly. SourceContinue Reading
(Bloomberg) – OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said. SourceContinue Reading
Researchers from the University of Oklahoma, Los Alamos National Laboratory, along with industry partners, have been awarded an $18.7M grant from the U.S. Department of Energy to investigate commercial subsurface storage of carbon dioxide (CO2). SourceContinue Reading
(Bloomberg) – The U.K. government expanded its sanctions against Russia’s energy industry on Monday, blacklisting dozens of tankers responsible for moving the nation’s oil as well as two insurers involved in the trade. SourceContinue Reading
Falcon Oil & Gas Ltd. has announced the spudding of the Shenandoah S2-4H horizontal well (previously referred to as the SS3H well) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia. SourceContinue Reading
BP Plc anticipates strong growth in the U.S. as President-Elect Donald Trump improves regulations on the oil and gas industry just as artificial intelligence boosts energy demand. SourceContinue Reading
