2020 Ties for Hottest Year in the Hottest Decade Ever
The decade ending in 2020 was the hottest in recorded history, with temperatures higher than any other period in at least two millennia and possibly much longer. The main culprit Continue Reading
Where 2020’s Record Heat Was Felt the Most
2020 was effectively tied with 2016 for the hottest year on record, as global warming linked to greenhouse gas emissions showed no signs of letting up. Siberia and the Arctic Continue Reading
OPEC keeps oil demand forecast little changed as it takes aim at shrinking stocks
Global oil stockpiles fell to a seven-month low in November but OPEC, which kept its 2021 demand outlook little changed from last month’s forecast, has signaled it is still trying Continue Reading
Iran Expands Its Sphere Of Influence With Iraqi Energy Deals
Iraq announced two deals with countries that Iran hopes can be gradually moved further into its sphere of influence. One of the two, Lebanon, is already seen by Tehran as Continue Reading
Iraq production dips in December, capping an OPEC-constrained year
After a record-setting 2019, annual oil output fell by about 760,000 bpd as Iraq made extraordinary cuts to help support global prices. The Iraqi Drilling Company completes drilling at the Continue Reading
Iran Seeks Leverage in Nuclear Standoff With U.S.
Since President Trump withdrew the U.S. from a multilateral agreement aimed at curbing Iran’s atomic ambitions, Tehran has moved steadily to step up uranium enrichment and, most recently, said it was Continue Reading
Nigerian Oil Major Focuses On Condensates To Offset OPEC Cuts
The Nigerian National Petroleum Corporation has decided to focus its attention on condensates production to compensate for lost revenue from oil exports due to the country’s commitment to the OPEC+ Continue Reading
Is This The Hottest Oil Play Of The Year?
This is a well you don’t want to miss. In Namibia, an African venue that is being set up as the scene of the world’s next—and possibly last—major onshore oil Continue Reading
The Hottest Oil Basin In The World
What is fast becoming the world’s hottest offshore oil play, the Guyana-Suriname Basin, has entered the headlines once again. Hot on the heels of ExxonMobil and its partner Malaysian state-controlled Continue Reading
Total, Apache Make Yet Another Oil Discovery Offshore Suriname
Total and Apache Corporation have made their fourth oil and gas discovery offshore Suriname in the Guyana-Suriname basin, the French supermajor said on Thursday. The discovery adds to numerous other Continue Reading