On Thursday bp announced that it had acquired Blueprint Power (Blueprint), a US-based technology company whose technology can help turn buildings into a flexible power network by connecting them to energy markets through cloud-based software. Blueprint’s technology presents an...
The vast crude reservoirs found at the Stabroek Block offshore Guyana, home to over nine billion barrels of oil equivalent discovered since 2015, consist of light, sweet, high-quality oil-bearing sand, making it easier to extract and refine with less...
(Reuters) - Oil hit a multi-year high on Wednesday above $83 a barrel, supported by OPEC+'s refusal to ramp up production more rapidly against a backdrop of concern about tight energy supply globally.
The market later unwound those gains due...
By Miaoru Huang - Research Director, APAC Gas & LNG at Wood Mackenzie
After a pandemic slowdown last year, China’s demand for gas appears to have returned stronger than before. In H1 2021, China’s gas demand saw a 16% year-on-year...
By Arthur Deakin – OilNOW
This year, the world has become increasingly aware of a global energy shortage as well as the irreversible damages of climate change. Throughout Europe, gas prices have tripled due to a fall in inventory meeting...
(Natural Gas Intelligence) Higher natural gas prices are predicted to boost ExxonMobil’s third quarter upstream profits by around $700 million, more than forecast for oil, the energy major said.
In its 3Q2021 earnings guidance, detailed in a Securities and Exchange...
Saipem has been awarded new onshore drilling contracts in the Middle East and in South America. In particular, a contract has been awarded in the United Arab Emirates with a duration of approximately 15 months.
In South America, Saipem has...
(IHS Markit) Latin American countries are gradually beginning to reopen after 18 months of coronavirus disease 2019 (COVID-19)-virus-related restrictions. Although the region is set to grow in 2021, long-run political and economic-related grievances have been exacerbated by the pandemic....
(S&P Global) Global oil demand is "very healthy" and will reach close to 99 million b/d by the end of this year from 97 million b/d in Q3, with some natural gas customers switching to liquids, Saudi Aramco CEO...
Oil remained steady on Monday ahead of an OPEC+ meeting, with Brent hovering around $79.22 per barrel. A Norway-based energy research and business intelligence company had estimated just last year that Guyana would rake in over $300 billion in...
