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The Next Petro State? Suriname's Path to Oil Prosperity

OilPrice

Guyana’s offshore story began in earnest with ExxonMobil’s Liza-1 discovery in 2015, followed by first oil in 2019. As Guyana consolidates its position as a global offshore heavyweight, attention is shifting across the maritime border to Suriname. Today, production…

Oil 279
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Is the EU still transitioning to renewable energy?

Energy Transition

Once upon a time – 2019, to be exact – the European Green Deal was the golden child of EU policy. The EU promised a renewable energy future – but is it still on track? As political shifts, policy delays and legal battles unfold, the energy transition faces new hurdles. Seden Anlar reports.

Energy 147
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Germany’s new government can’t just walk away from climate protection

Energy Transition

Since 2019, Germany’s Climate Protection Act has had aimed to reduce Germany’s carbon emissions to zero by 2045. The incoming new government has to adhere to this law. Will it though? Credits: MDV Edwards, All rights reserved.

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Global LNG production will drive supply surge in 2026, says IEA

Oil & Gas 360º

(World Oil) – Global supply of liquefied natural gas is set to surge the most since 2019 next year, primarily driven by production additions in North America, the International Energy Agency said. The increase in supply will accelerate to 7%, or 40 billion cubic meters a year in 2026, following a 5.5%

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ExxonMobil-led consortium discovers gas reservoir off Cyprus coast

Oil & Gas 360º

Their first discovery was announced at the Glaucus-1 well in February 2019. This marks the second gas discovery in Block 10 by partners ExxonMobil and QatarEnergy. The Glaucus-2 appraisal well, completed in March 2022, confirmed the presence of a high-quality gas-bearing reservoir.

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How Canada’s oil sands transformed into one of North America’s lowest-cost plays

Oil & Gas 360º

bbl between 2017 and 2019, according to BMO. Back in 2017-2019, U.S. At the time, they classified the Canadian operations as among their more expensive, and therefore less profitable, projects worldwide. They directed their capital to cheaper oil production, and favored U.S. shale for its quicker drilling time and returns.

Oil 130
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New York planning to build first major new US nuclear power plant in over 15 years

Oil & Gas 360º

Under the 2019 Climate Act, that is required to have 70% renewable electricity sources by 2030 and net-zero carbon emissions by 2040. (New York Post) – New York is planning to build the first major new US nuclear power plant in more than 15 years, Gov. Kathy Hochul said — and it will have enough output to power 1 million homes.