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Targeted Strikes Rattle Oil Markets Recent attacks on Iranian energy facilities caused a spike in oil prices, with Brent crude rising about $10 per barrel in the past month. While the immediate impact on global supply appears limited, the attacks have reminded markets of the region’s fragile stability.
Oil prices fall more than $1 barrel on reports Iran seeks truce with Israel Summary : Oil prices fell 1.3% Iran’s gas field saw partial shutdown but Strait of Hormuz flows remained uninterrupted. Stay tuned for weekly updates to keep you well-informed. to April highs after Friday’s 4.8%
billion barrels of oil and gas could still be produced from UK waters – 3.2 The government’s independent advisers, the Climate Change Committee, say in a scenario where the UK meets all its climate targets on time, UK homes and businesses will still use between 13 and 15 billion barrels of oil and gas. These resources include: 0.5
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
It aligns with the Offshore Energies UK (OEUK) SupplyChain Principles and the objectives of environmental, social, and governance (ESG) reporting. This is all the more important when operators have to meet tight deadlines and often with lower budgets and every additional barrel counts.
Trucking Customers Want Visibility – Here’s How To Deliver With real-time awareness of shipment status, supplychain partners can be proactive in finding solutions and potentially avoid costly out-of-stock scenarios. Before we turn the page on the year, lets take a look back at our top 5 blog posts from 2019.
Low-power sensors already help monitor oil and gas operations, but the true benefit of this real-time visibility will lie in data-driven decision-making throughout the supplychain. Its time to leverage real-time data for optimal decision-making throughout the supplychain.
Production The Permian Basin remains the most productive oil and natural gas field in the U.S. million barrels per day and natural gas production reaching 25.8 Bcf/d by the end of 2025, midstream operators are aggressively expanding infrastructure to capture this growing supply. Permian Basin: The Backbone of U.S.
However, some relevant statements and industry perspectives have emerged, focusing on the broader implications for energy markets and supplychains. SEB analyst Ole Hvalbye told Reuters that global oil benchmark Brent crude could gain US$3 to US$5 per barrel when markets open.
Our combined company will include exceptional technical and support personnel from the two companies in both the office and field and an experienced Board of Directors that prioritizes sustainable and profitable growth to generate strong returns for our combined shareholders.
million barrels per day by 2030. The broader energy industry has struggled with high costs, supplychain disruptions, and regulatory uncertainty in renewable energy projects. New oil fields and deepwater drilling initiatives will contribute to increased production. million and 2.5 billion and $2 billion annually.
The worlds largest energy companies have just released their Q1 2025 results, offering a detailed look at how the sector is holding up amid fluctuating commodity prices, ongoing supplychain pressures, and the growing influence of gas and LNG markets. TWh , the same as Q1 2024. increase from 1,056 mb/d in Q1 2024.
If GDP grows at the historical rate, oil demand would be at least 10 million barrels per day (mmbd) higher by 2035 than the IEA forecasts. If investment does not increase, the world could face a serious oil supply crunch in the coming decades. Supplychain bottlenecks could slow the energy transition significantly.
The company, which announced a fundraising in March , said that it has submitted a proposal to undertake contractor obligations on a relinquished block from Iraq's 4th Bid Round , and has also prepared an updated development plan for the Merjan oil field. An updated Merjan oil field development proposal has been prepared.
Getty Images | Getty Images News | Getty Images Crude oil futures jumped more than 3% Sunday after Israel struck two natural gas facilities in Iran, raising fears that the war will expand to energy infrastructure and disrupt supplies in the region. per barrel. per barrel. crude oil rose $2.72, or 3.7%, to $75.67
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