A new study by University Maritime Advisory Services ( UMAS ) and Energy Transitions Commission ( ETC ) prepared for the Global Maritime Forum for the Getting to Zero Coalition, Continue Reading
The global oil and gas industry is facing the “twin threats” of the loss of profitability and the loss of social acceptability as the climate crisis continues to worsen. The Continue Reading
Discovery isn’t dead. It’s just moved into trickier geological territory, but that’s not stopping the impressive advance. Despite growing anti-oil sentiment, oil and gas companies unearthed 12.2 billion new barrels Continue Reading
Highly leveraged U.S. exploration and production (or E&P) companies have lately been struggling with dwindling valuations and endless bankruptcies as investors lose their appetite for shale while private equity markets Continue Reading
A day before Christmas 2019 ExxonMobil and its partners have lifted the first commercial crude from the Liza field. In and of itself this might seem innocuous enough for us Continue Reading
Libya’s National Oil Company has confirmed that is has lost virtually all of its oil production, at 1.2 million barrels per day of oil production, and $77 million in daily Continue Reading
The U.S. Embassy in Libya said on Tuesday that the country’s National Oil Corporation (NOC) should be allowed to immediately resume oil operations that were suspended over the weekend after Continue Reading
Libya’s oil output will collapse “within days” to the lowest level since the 2011 civil war as a blockade of its export terminals has forced a rapid shutdown of production Continue Reading
UK-based supemajor BP has withdrawn from the Kirkuk oilfield in northern Iraq after its field study contract expired, and no deal was signed for a potential expansion, likely because of Continue Reading
Iraq may have serious problems in securing its energy needs if the United States doesn’t extend a waiver for an Iraqi bank to process payments for Iraq’s imports of electricity Continue Reading
