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BP, Major Wall Street Banks Want Carbon Pricing Policy In U.S.

Supermajor BP, as well as many major Wall Street banks, recommends that the U.S. set a price on carbon in a report commissioned by the U.S. Commodity…

Natural Gas Prices Tank, But Regional Price Differentials Narrow

Along with WTI and Brent crude prices, natural gas prices fell precipitously on Tuesday, but the regional differences in gas prices during the last couple…

Hess strikes deepwater oil offshore Guyana

Hess Corporation announced another oil discovery offshore Guyana at the Redtail-1 well, the 18th discovery on the Stabroek Block, which will add to the previously…

Jordan to resume Iraqi oil imports halted by pandemic

Jordan will resume imports of crude oil from its Middle East neighbor Iraq this month after suspending shipments due to the coronavirus. Imports of about…

Oil Major Total, Carmaker PSA Set Up $6B EV Battery Venture

Supermajor Total continues to invest in clean energy by creating a joint venture with automaker Groupe PSA to manufacture batteries for electric vehicles in Europe—a…

Aramco Workers Head Back To The Office

Aramco’s staff, who have been working from home during the worst of the pandemic, have started returning to offices and work sites, Bloomberg reports, adding some…

Mexico Shuts The Door To Foreign Oil Companies

There will be no new exploration and production contracts on the table for private or foreign companies in Mexico under a government plan set to…

Pemex expected to lower 2021 crude production targets in new budget plan

Mexico is likely to cut its crude production goal for 2021 after missing this year’s target, said a senior lawmaker from the ruling party, in…

Uzbekistan completes US$58 million energy project on schedule

Construction completed at Mubarek Gas Processing Plant, enhancing Uzbekistan’s gas processing and liquefied gas production capabilities The Ministry of Energy of Uzbekistan is pleased to announce that construction of a…

UK Oil Will Struggle for Semi-subs in 2021

UK oil companies will struggle to find semi-subs for work in 2021. That’s according to Teresa Wilkie – an offshore rig market analyst for offshore…

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