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OPEC “cautiously optimistic” about oil demand amidst reopening of China

(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictio.........【More】

2023-02-08

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

(WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance t.........【More】

2023-01-04

Eolus receives research permits for two offshore wind projects in Finland

(WO) — Eolus has taken important steps towards offshore wind production in Finland, receiving research permits for two offshore wind farms in the Bothnian.........【More】

2023-01-03

New CEO of Petrobras to focus on energy transition

(Bloomberg) — President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil g.........【More】

2023-01-03

World Oil’s Top Stories of 2022: 1-5

(WO) — 2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no sh.........【More】

2022-12-29

CNOOC Limited begins production on block development project offshore China

(WO) — CNOOC Limited announced on Dec. 25 that Kenli 6-1 oilfield 5-1, 5-2, 6-1 block development project commenced production.The project is in the south.........【More】

2022-12-28

Saudi Arabia invites China’s Xi to form energy partnerships

(Bloomberg) — Two months after snubbing U.S. President Joe Biden’s pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counter.........【More】

2022-12-23

Exxon lifts share buyback to $50 billion after record profit

(Bloomberg) — Exxon Mobil Corp. raised its annual share buyback by about 10%, six weeks after the oil giant posted its highest profit in its 152-year hist.........【More】

2022-12-23

CGG agrees to reprocess the Utsira ocean bottom node survey with Carbon Transition

(WO) — CGG today announces an agreement with Carbon Transition (under its subsidiary Axxis Multi Client) to reprocess the Utsira ocean bottom node (OBN) s.........【More】

2022-12-21

U.S. oil-output growth to exceed government forecast, Bloomberg analysis says

(Bloomberg) — The U.S. is on track to grow oil production faster than the government is forecasting, according to a BloombergNEF analysis.The latest BNEF .........【More】

2022-09-29