A large oil drilling rig toppled over Friday afternoon on Alaska’s North Slope while being moved across the tundra, authorities said.
Oil prices set to slump into mid-$50s, Morgan Stanley warns
Oil prices are set for a slide back into the mid to high $50s this year as swelling supplies collide with sluggish global growth, according to analysts at Morgan Stanley.
Defence stocks jump as Trump targets Greenland
Defence shares struck a high note at the open in London, powering to the top of the leaderboard and standing out as some of the strongest performers on the FTSE
Oil slides as markets eye Venezuelan supply comeback
Oil prices extended their decline after the removal of Nicolas Maduro opened the door for Venezuela to revive its battered crude industry and potentially bring more supply onto global markets.
Venezuela Oil Industry Revival Could Take Decades Despite US Intervention
The Venezuelan oil sector has languished for years under the weight of chronic underinvestment, deteriorating infrastructure and endemic corruption. Following recent military action in Caracas that resulted in the detention
US oil giant Chevron abandons California after 150 years
One of America’s largest oil companies is set to move its headquarters out of California, citing opposition to “harsh” green policies.
Oil giant ConocoPhillips acquires rival in a £18 billion deal
US energy giant ConocoPhillips announced this afternoon its plans to acquire competitor Marathon Oil in an all-share transaction valued at $22.5 billion (£17.7 billion), including $5.4 billion in debt.
Reconnaissance Energy Africa, multi-billion-boe potential of Namibia’s Kavango Basin.
The days of offshore oil discovery are gone. One of the last times anyone was even remotely interested in one was 2017, when Repsol discovered 1.2 million barrels on Alaska’s
Share Talk International Energy News – 25th September 2021
The U.S. shale producers behaved in an admirable manner over the past year. This was not something the industry wanted. It was forced to do it by the pandemic. It might be the
Oil Man Jim Company Oil & Gas Blog, 26th July 2020
Mainly positive news this week (excluding the lifestyle companies helps a lot with that).