A cyberattack during the weekend caused the shutdown of the Colonial pipeline. It currently carries some 45 percent of the gasoline and diesel fuel the East Coast of the U.S. consumes. This is what the media have reported. It denotes the attack could threaten the security of the gasoline supply and push up prices. Gasoline […]
M and A in U.S. oil and gas fell by 1.49 percent below the 12-month average last month, according to GlobalData. The biggest deal by far for the month was Chevron’s acquisition of Noble Midstream Partners, which fetched $1.32 billion. The Noble Midstream Partners deal represented about a fifth of the total value of March […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Writing the article on this year’s Top Oil Wildcats! And guess what? It is not because the prospect turned out to be sub-commercial. It remains one of Africa’s most interesting untapped plays. Potentially opening up a new country with no previous exposure to the world of energy. Senegal and Mauritania started to break their way […]
Oil remains, by far, the most dominant source of energy worldwide, with the EIA estimating that the world consumed 92.2 million barrels per day (b/d) of petroleum and other liquid fuels in 2020, despite a 9% decline due to the pandemic. As the world’s biggest polluters such as the U.S. and China become more aggressive […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, a Rystad Energy analysis shows. As a result, the performance of the country’s key gas basins is going to attract […]
Jet fuel and petrochemicals are expected to fuel crude demand this decade. Moreover, oil demand in the transport sector is set to peak by 2026. This is one year earlier than originally anticipated. Goldman Sachs believes oil demand will peak in 2026. Then, BP Plc believes the highest global demand growth is already over. Now, […]
⚠️ IMPORTANT LEGAL DISCLAIMER: The information provided on this page is for general informational purposes only and does not constitute legal, financial, or investment advice. Oil and gas laws, mineral rights regulations, and royalty structures vary significantly by state and jurisdiction. While we strive to provide accurate and up-to-date information, no guarantee is made to […]
By now, those of you who read about my top New Year’s stock pick, Recon Africa, will have learned that this small-cap explorer may have just moved one giant step forward in Namibia’s Kavango Basin. Beyond my wildest imagination, this small-cap explorer set out to drill three wells to prove up the existence of indicators […]
