Saudi Arabia still sits on the largest volumes of recoverable oil resources, followed by the US and Russia, according to a Rystad Energy assessment
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Oil falls on OPEC+ confusion and Covid-19’s spread
Oil prices fell today as the market priced in worries over the spread of the Covid-19 pandemic and some lack of confidence over OPEC+ maintaining output restrictions
TotalEnergies looks to oil growth amid conflicting energy transformation strategy
Despite its rebranding, TotalEnergies has suggested that it does not intend to reduce its scope 1 and 2 emissions in the short-term at least
LUKOIL enters hydrocarbon production project in the shallow water of Mexico
The project is implemented under a production sharing agreement, which was signed in 2016 for a period of 25 years with the right for an extension for up to 10 years
Eni announces significant oil discovery in Block 4, offshore Ghana
Eni has been present in Ghana since 2009, and accounts currently a gross production of about 80,000 barrels of oil equivalent per day
GlobalData: TotalEnergies looks to oil growth amid conflicting energy transformation strategy
The company is planning to reduce its net scope 1 and 2 emissions from 2025 onwards and reach net zero by 2050
Oil rises on expectations of a cautious OPEC+ policy
Oil prices are rising today on market expectations that OPEC+ will decide to boost supply from August but in a cautious manner
Oil rises as strong demand causes another draw of US crude stocks
Oil prices rose today after the API institute forecasted another strong crude stocks draw in the US for the past week, and all eyes now are set on tomorrow’s OPEC+ meeting
PPE compliance: The mistakes most oil and gas companies are making
Personal protective equipment is only as smart as you are, so avoid these common pitfalls to improve safety onsite