U.S. Electricity Use Projected to Break Records Through 2027
The U.S. Energy Information Administration (EIA) forecasts that U.S. power consumption will…
Shell Sees No Urgent Need for Asset Purchases
Shell CEO Wael Sawan announced on Tuesday that the oil major does…
Presidio, Goldman Sachs Launch Novel $1 Billion Acquisition Fund
U.S. energy producer Presidio Investment Holdings is partnering with Goldman Sachs to…
BP Pauses Share Buybacks to Address Debt
BP has announced the suspension of its $750 million quarterly share buyback…
Canadian Oil Sector Anticipates Ongoing Consolidation
Calgary’s oil and gas sector expects continued consolidation. This follows significant merger…
International Consortium Targets Northeast Syria Energy Exploration
A consortium of two Saudi Arabian and three U.S.-based firms will explore…
Chevron Acquires West Texas Ranch to Settle Environmental Dispute
Chevron Corp., a prominent U.S. energy company, has acquired the 22,000-acre Antina…
Equinor Targets Substantial International Oil and Gas Growth
Norwegian energy group Equinor plans a significant expansion of its international oil…
Venezuela’s Oil Production Nears 1 Million BPD Mark
Venezuela’s national oil production is reportedly nearing 1 million barrels per day…
US Updates Shipping Guidance Amid Strait of Hormuz Tensions
The United States recently issued new guidance for commercial vessels. These instructions…