Oil demand is recovering faster than previously expected, and unless OPEC+ puts additional barrels on the market on top of the plans to restore 2 million barrels per day (bpd) by July, oil prices will be heading higher as the gap will widen, the Executive Director of the International Energy Agency, Fatih Birol, told Bloomberg […]
⚠️ 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 […]
Do we still need to explore for oil and gas? One conclusion in our Horizons scenario analysis is that if the world gets onto a 2 °C pathway, there’s enough oil in existing discoveries to meet future oil demand. It’s a view the IEA NZE concurs with. Dr Andrew Latham, Huang Tra Ho and Julie […]
A number of peculiar things have happened in the Middle East in the past few weeks involving the U.S., Saudi Arabia, and the UAE, all with some sort of focus on Iran. To begin with, at the end of April, the U.S’s designated main man in Saudi Arabia – Crown Prince Mohammed bin Salman – […]
⚠️ 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 […]
As the U.S. oil and gas industry slowly appears to be getting back on track, ramping up production in line with demand, the effects of the Texas storm earlier this year appear to have hit production levels harder than originally thought according to new figures. Aging infrastructure is the reason for President Biden’s new national […]
For years, people are searching for potentially rewarding oil and gas stocks. The ongoing energy crisis has pretty much felt like dumpster diving. The energy sector has been deeply out of favor over the past few years. Take note that the Covid-19 pandemic only serves to make an already bad situation much worse. The worst […]
⚠️ 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 […]
At a time, U.S. shale, OPEC+, and dozens of oil producers have laid out blueprints to limit production. This is in a bid to return the global oil industry to its former glory. Now, Canada’s Oil Patch appears to be merely paying lip service. It is to the notion of keeping production subdued. Continue reading […]
BHP has commenced oil production in Trinidad and Tobago USA in the next big energy development in the Caribbean. There is a recent success in Guyana and Suriname’s energy sectors. Australian firm BHP has begun production on its $500m Ruby Project. It is located in shallow water in Block 3(a) within the Greater Angostura Field. […]
