The Biden administration took steps to limit both oil and gas drilling and mining in Alaska, angering state officials who said the restrictions will cost jobs and make the U.S. reliant on foreign resources
President Joe Biden’s administration finalized a range of reforms designed to boost returns and address environmental harms from drilling on public lands, a move that will increase fees for oil and gas companies that operate there
This is the second well in Potiguar where the firm has found hydrocarbons. Both finds are still subject to further studies, Petrobras said
The number of fracking stages – a technical measure of activity in unconventional reservoirs – reached 1,643 in the third month of this year in Vaca Muerta, according to a report from the Energy Contacts Foundation
The board of directors of the oil company YPF approved a plan to optimize its portfolio of conventional fields, which will lead it to focus its investments on more profitable conventional and unconventional areas, the company said in a statement
According to the company, the new investments will be allocated to its operations in Vaca Muerta, with the goal of connecting 46 new wells and reaching a production of 70,000 barrels of oil equivalent per day by 2024
JPMorgan, one of the leading global financial services companies, has adjusted its outlook for the oil market, projecting that oil prices will average $83 per barrel in 2024
Norway awarded stakes in 62 offshore oil and gas exploration licences to 24 energy companies, including state-controlled Equinor, opens new tab, boosting the amount of acreage offered as the country seeks to pump for decades to come
The Secretary-General of OPEC, Haitham al-Ghais, said during a panel discussion at the COP28 climate summit in Dubai that stating that oil has to remain underground will not lead to an energy transition but to energy chaos
Basim Mohammed, Iraqi Deputy Minister of Oil for Exploration and Production Affairs, stated that the resumption of crude oil exports from the north depends on renegotiating the current production-sharing contracts to a profit-sharing model
