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The EIA projects renewable energy use grows to nearly the same level as liquids fuel by 2050, accounting for 27% of 2050 global energy consumption.
OPEC and allies led by Russia, collectively known as OPEC+, have done a “remarkable” job acting as “so-called regulator of the oil market,” says Saudi Arabia energy minister Prince Abdulaziz bin Salman.
This is the first major binding deal for natural gas between the U.S. and China since a long-standing trade war which brought gas trade between both countries to a temporary standstill.
When Devon Energy Corp. and WPX Energy Inc. merged to combine strengths during the 2020 downturn, they proved one plus one equals three times the value. Looking ahead, could the new company be the next E&P juggernaut?
The JV with Oak Hill Advisors, called Bluesource Sustainable Forests Co., aims to purchase and more sustainably manage more than one million acres of forests in North America.
However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.
The Octopoda system successfully reached 300 m in the annulus, a world record depth, and sealed the C annulus of the well.
The company launched two new Marlin SmartPort modules: the Agent Portal enables agents and vessels to access a wealth of real-time information and ION’s Billing Management module captures a time stamp of all billable port activities that can be integrated into existing financial systems.
The alliance will be able to offer product deliveries, fabrication services as well as marine and subsea operations and associated engineering services within offshore renewables industries.
New generation of services provides enhanced subsurface insight, superior drilling performance, and consistent well delivery.
The European Commission proposal reflects the EU's efforts to boost its role on the global stage, though it has limited influence in the Arctic.
Shale producers must increase capex in 2022 to keep oil and gas production from falling as the inventory of drilled but uncompleted wells decrease, analysts say.
PDC Energy Inc. has received approval from the Colorado Oil and Gas Conservation Commission (COGCC) for its Spinney Oil and Gas Development Plan (OGDP) permit application, the company said on Oct. 6.
Warburg Pincus-backed Citizen Energy agreed to acquire from an undisclosed seller 28,000 net acres described as a “gas-rich, bolt-on acquisition” to the company’s existing Anadarko Basin footprint.
Activist investor Carl Icahn said he worries Southwest Gas will issue stock at “ridiculously low prices to ‘cherry picked’ friends who will be blindly supportive of CEO John Hester.”
Petrox Resources Inc. retained EnergyNet for the sale of operated interests in producing assets in Wyoming’s Campbell County through an auction closing Oct. 27.
Pivotal Petroleum Partners LP retained Eagle River Energy Advisors LLC for the sale of certain nonoperated working interest and mineral assets and associated lands across Colorado’s Weld County within the D-J Basin
The U.S. is due to release oil and gas methane emissions regulations in the coming weeks, and the EU will unveil detailed methane legislation later this year.
A White House official said the Biden administration was closely monitoring the cost of oil and gasoline and “using every tool at our disposal to address anti-competitive practices in U.S. and global energy markets to ensure reliable and stable energy markets.”
Saudi Aramco has agreed to supply additional crude to at least three Asian buyers in November, while meeting full contractual volumes for four others, sources with knowledge of the matter said on Oct. 11.
Kinder Morgan’s Products (SE) Pipe Line, which was shut Oct. 1 after a leak was discovered, spans from Louisiana to Virginia and has the capacity to carry more than 700,000 bbl/d of gasoline, jet fuel and diesel.
EPIC Y-Grade LP has completed its 165-mile pipeline from the EPIC Robstown, Texas, fractionation complex, to the Sweeny fractionation and storage complex, which includes Phillips 66 and Chevron Phillips Chemical, the company said on Oct. 5.
Activist investor Carl Icahn blasts the Questar Pipeline transaction, which follows the terminated deal with Berkshire Hathaway.