Chart Talk: Global Oil Prices on a Massive Upward Trend
Oil prices for select global crudes are on a massive upward trend with $100/bbl just out of reach, according to data from General Index, a tech-native benchmark provider, and analysts say the prices prices are driven by OPEC+’s decision to extend production cuts.
E&P Highlights: Sept. 18, 2023
Here’s a roundup of the latest E&P headlines, including an awarding of blocks from Lease Sale 259 and the start of production from a new well.
Saudi Energy Minister: OPEC+ Targeting Volatility, not ‘Jacking Up Prices’
Speaking at the World Petroleum Congress, Saudi Arabia’s Minster of Energy Prince Abdulaziz bin Salman Al Saud said OPEC+ is targeting volatility in the oil markets and acting as an energy regulator akin to central banks.
E&P Highlights: Sept. 11, 2023
Here’s a roundup of the latest E&P headlines, including an update on the Anning and Somerville project offshore the U.K. and new contract awards.
CCS Scaling up Globally from North America to the UK to Europe
Globally, major economic powers are beginning to move toward carbon storage as a key method for tackling climate change. At the fore is the oil and gas industry, which has a key competitive advantage in developing CCS projects.
Upstart CCS Operator Lapis Energy Takes on ‘Cancer Alley’ CO2 Emissions
Lapis Energy CEO Reg Manhas sees “massive” CCS opportunity in a stretch of Louisiana plagued by emissions and a high cancer rate.
E&P Highlights: Aug. 21, 2023
Here’s a roundup of the latest E&P headlines including first production from the Marlim and Voador fields offshore Brazil and new contract awards in the upstream oil and gas industry.
Shell Eyes Adding 8.6 mtpa to Portfolio Beyond 2025
European energy giant Shell plc looks to add around 8.6 mtpa of net liquefaction capacity to its portfolio through four projects spanning three continents beyond 2025.
E&P Highlights: Aug. 7, 2023
Here’s a roundup of the latest E&P headlines including decommissioning activities in Europe and contract awards for a West Africa project.
BP Pushes High Margin Projects, LNG Supply Growth
U.K.-based energy giant BP Plc looks to deliver on two important fronts by 2025 as it brings online more hydrocarbon production and boosts LNG supply.