This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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…
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.
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.
(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%
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.
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.
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.
In 2019 and 2020 the Colliers signed “produced water lease agreements” with Cactus Water Services, conveying produced water to Cactus. The four leases were granted by two surface owners, the Colliers, between 2005 and 2014, and COG drilled 72 horizontal wells that generated nearly 52 million barrels of produced water.
The Fram South development consists of Echino South, discovered 2019; Blasto, discovered 2021; and two smaller discoveries. Image by Cavan Images via iStock Equinor ASA and its partners have agreed on a NOK-21 billion ($2.09 billion) investment to develop Fram South, which will unlock new gas for Europe, the operator said.
Working gas in underground storage, Lower 48 states Historical Comparisons Stocks billion cubic feet (Bcf) Year ago (06/06/24) 5-year average (2019-24) Region 06/06 /25 05/30/ 25 net change implied flow Bcf % change Bcf % change East 531 498 33 33 599 -11.4 This represents a net increase of 109 Bcf from the previous week.
The Guyanese field’s production has soared from zero in 2019 to 668,000 barrels per day by the end of March 2025, and is forecast to nearly double to 1.3 Chevron is set to finalize its $53 billion acquisition of U.S. In fact, the multi-billion-dollar dispute hinged on the interpretation of a single sentence in the joint operating agreement.
He abandoned his takeover bid for Anadarko Petroleum in 2019 after being outmanoeuvred by Occidental Petroleum’s higher offer. (BOE Report) – ExxonMobil has lost its arbitration challenge to block Chevron’s $55 billion Hess acquisition deal, but the top U.S. oil producer had originally targeted a mid-2024 close for the deal.
Deal values surged 30% in the first quarter, with gas representing 62% of traded resources.This momentum continued into the second quarter, with gas making up around 82% of total traded resources, the highest level seen since 2019.
sanctions on Venezuela’s energy industry since 2019. There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not immediately respond to a request for comment. The licenses to U.S. In late May, however, Washington revoked those licenses to take Venezuelan crude bound for U.S.
In 2019 another 10-year agreement was penned for TotalEnergies to supply 250,000 metric tons per annum to CMA CGM at Marseille Fos. TotalEnergies also agreed to supply Marseille-based CMA CGM with up to 360,000 metric tons of LNG annually from 2028 to 2040. That new deal is on top of two previous supply agreements.
The EU Emissions Trading System regulatory framework The EU Emissions Trading System (EU ETS) regulatory framework initiated its trial phase in 2005, initially focusing on the power and heat, refinery, cement, iron, steel, glass, and pulp and paper industries. 1 âEU Emissions Trading System: Scope of the EU ETS,â European Commission.
In Senterra Ltd. This process is repeated until a conveyance is found, if any, that (i) is followed by 40 years with no exception to marketable record title and (ii) was recorded subsequent to the severance deed. In the years since Senterra , Ohio courts have followed its rolling analysis when determining the proper root of title under the OMTA.
operated Buzzard field, which started production 2007; an operating stake of 65.11percent in Mariner, online since 2019; and an 80 percent operating stake in Rosebank, expected to come onstream 2026. “Adura has been created to bring together the A of Aberdeen and the dura of durability. Adura will include Equinor’s 29.89
Delivery times are about two to three years, up from about four to six weeks in 2019, he wrote. households Published Sat, Jun 21 2025 5:30 AM EDT Greg Iacurci @GregIacurci WATCH LIVE Key Points Electricity prices for households have risen quickly and are expected to outpace U.S. inflation in coming years, experts said.
million barrels a day from 2016-2019 has spurred a 9% rally in a basket of related U.S. Read more Goldman warns Brent could surge to $110 Summary : Goldman Sachs warns Brent crude could surge to a peak of $110 per barrel if Iran disrupts the Strait of Hormuz, a significant revision of its previous forecast. So does the U.S.
Click here to listen to the Audio verison of this story! Change comes to every sector of the oilfield, working its way through the various niches. Sometimes it comes by technological advance, sometimes by economic realities asserting themselves, sometimes by scarcity—or abundance—of resources. It’s been a momentous 2025 for the wireline niche.
The NRC has now approved license extensions for seven nuclear stations since 2019. Summer to power our customers’ homes and businesses around the clock well into the future” The 966-megawatt plant powers customers of Dominion Energy and state-owned Santee Cooper. It can serve nearly 242,000 homes according to Dominion Energy.
But it was clear as early as 2019 that it would be behind schedule and it now seems to have fallen off the rails entirely. The review was first launched in 2018 as part of a G20 commitment to eliminate all “inefficient” subsides to the fossil fuel sector. It was only supposed to take about two years to complete.
exajoules in 2019, 30.07 From 2014 to 2024, U.S. natural gas consumption has grown by an average of 2.2 percent every year, the review showed. natural gas demand was 26.00 exajoules in 2014, 26.77 exajoules in 2015, 26.97 exajoules in 2016, 26.63 exajoules in 2017, 29.59 exajoules in 2018, 30.64 exajoules in 2020, 30.11 exajoules in 2021, 31.69
As 2025 enters its second half, ExxonMobil stands at a critical juncture—leveraging its scale, technology, and capital discipline to drive upstream growth, especially in the Permian Basin. From advanced fracking to record production, here are the top 5 strategic priorities that will shape ExxonMobil’s momentum through year-end. million bpd out of 1.5
“The amount includes the principal debt for gas transit services under the 2019 agreement, as well as delay interest and full compensation for legal expenses incurred by Naftogaz”, Naftogaz said in an online statement. billion arbitration award won by the Ukrainian company in Zurich.
exajoules in 2019, 33.29 natural gas production came in at 25.37 exajoules in 2014, 26.65 exajoules in 2015, 26.18 exajoules in 2016, 26.90 exajoules in 2017, 30.27 exajoules in 2018, 33.41 exajoules in 2020, 34.00 exajoules in 2021, 35.67 exajoules in 2022, and 37.19 exajoules in 2023, according to the EI’s review.
The first, well 32/4-3 S, was also drilled by Equinor in 2019. “This shows that there is interest in offering safe and secure storage of CO2 captured in Europe”, said Energy Minister Terje Aasland. “The government is making it possible for Norway to receive large quantities of CO2 from Europe”, Aasland said.
The company said in a media release it completed a $175 million JOLCO lease financing, which generated net proceeds of approximately $42 million, extending debt maturity to 2035 and reducing the cost of debt by 1.5 percent per year.
Iran produced roughly 3.3 million barrels per day in May, according to an OPEC report citing independent estimates. Shipments for broader Middle East supply could be imperiled if Iran or its regional proxies take steps to block the key Strait of Hormuz. In this article @LCO.1 "It would hurt other countries' economies a lot worse than ours.
Iranian Navy soldiers at an armed speed boat in Persian Gulf near the strait of Hormuz about 1320km (820 miles) south of Tehran, April 30, 2019. "Combined with increasing insurance costs, some owners will simply avoid the area — like Frontline ," Lipow said. A final decision rests with the country's national security council.
"Investment and innovation in the oil and gas sector has led to the significant reduction in the emissions we have seen since OGEMR was introduced in 2019. "Our made-in-Saskatchewan approach to lowering GHG emissions is working, and these numbers show it," Saskatchewan Energy and Resources Minister Colleen Young said.
“Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of approximately 5 trillion to 8 trillion cubic feet (142 billion to 227 billion cubic meters)”, the United States energy giant said in a press release February 28, 2019. square miles), it says.
“At the same time, a more optimistic assessment based on Member State projections suggest that the EU could reach a figure of 42.6 percent, demonstrating the potential to go further”, it said, noting that between 2022 and 2024 EU nations installed about 205 gigawatts of renewable power capacity.
And the United States, the world’s top oil consumer, became a net exporter of crude and refined products in October 2019 for the first time since at least 1973. This about-face raises the question of whether the U.S. still needs the Strategic Petroleum Reserve at all. oil consumption, when full. It imported 6.6
TotalEnergies launched the La Mede biorefinery in 2019. Under the agreement, Quatra will collect used cooking oil from restaurants across France and Europe. It will be filtered at Quatra sites and sent to TotalEnergies’ biorefineries for road biofuels and SAF production. Commissioning is planned for 2026.
Refiners in the US are churning through the most crude for the time of year since 2019, and prices for some fuels like diesel have soared. The countries had announced increases of 411,000 barrels for each of May, June and July - already three times faster than scheduled - and traders had expected the same amount for August.
Since 2019, SCC has invested approximately US$379.9 Latin America is as exposed as any other region to the US tariff policy. But when it comes to the green energy transition, it’s mining companies and governments that will play an outsized role. Understanding what drives relevant sectors across the region is therefore crucial.
Sammann emphasized CME Group’s dual focus on risk management and price discovery, and notes how retail participation — particularly in gold — is surging, driven by inflation hedges. Transcript Note: This transcript was created using AI. It has not been edited verbatim.) Derek Sammann 0:32 I’m doing great, man.
The cancellation stems from a review of agreements signed by the DOE’s Loan Programs Office (LPO) during the last weeks of the Biden administration. “This 800-mile power pipeline is capable of delivering four nuclear power plants’ worth of electricity. It is the highest capacity and second longest line in U.S.
Since Citgo cut ties with its ultimate parent, Caracas-based state-run oil company PDVSA, in 2019, Venezuela has struggled to find new markets for its oil, while the Houston-based refiner has resorted to other crude suppliers. That period ran from April 28 through June 18. Not an offer or recommendation by Investing.com.
Thanks to the 2019 Foundation-won Johnson Controls NLRB decision, workers who want to remove unwanted union officials can also do so by submitting a majority-backed petition asking their employer to stop recognizing the union. Said Fifer: “I’m glad that my coworkers and I were able to band together to force this Steelworkers union out.
Crypto grew 75 percent a year from 2019 to 2024. To be sure, penetration has steadily risen over the past years; crypto funds in Europe have grown more than 100 percent a year from 2019 to 2024, to more than â¬20 billion in 2024. 12 pages) The European asset management industry is facing rocky times. All Rights Reserved.
VS Tankers has served as the operator, manager, and beneficial owner of the Marshall Islands-flagged crude oil tanker DIJILAH (IMO 9829629) since 2019. Several vessels engaged in the covert delivery of Iranian oil were also sanctioned, as the U.S. continues to crack down on Iran's so-called "shadow fleet" of tankers. 13224, as amended.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content