Auto Added by WPeMatico
Global oil markets continue to flash warning lights as OPEC+ prepares to decide on reviving production. This week, Goldman Sachs Group Inc. and Morgan Stanley cut forecasts for crude prices amid a faltering demand outlook in China and plentiful production from across the Americas. Even more ominous for bullish investors is how calmly the market shrugged off …
Oil Market Warnings Grow as OPEC+ Decision Nears Read More »
Summary Company is working with partner Ithaca to develop Rosebank field Labour has said it will hike windfall tax by 3 percentage points STAVANGER, Norway, Aug 28 (Reuters) – Norway’s Equinor may reconsider investing in oil and gas in Britain if the Labour government changes the industry’s tax regime, a top company executive told Reuters. …
Equinor May Reconsider Investing in UK Oil Sector if Tax Regine Changes Read More »
(Reuters) – Venezuela’s President Nicolas Maduro is getting ready to announce executive changes at state-owned company PDVSA and the oil ministry, part of key official moves following a disputed election, three sources with knowledge of the preparations said. The changes could include replacing PDVSA’s chief executive, Pedro Tellechea, with the company’s current vice president, Hector …
Venezuela’s Maduro Prepares Executive Changes at State Oil Firm PDVSA, Sources Say Read More »
(Reuters) – CNPC, Asia’s top oil producer, is reviewing its global strategy as it looks to revive dealmaking, eyeing gas liquefaction and deepsea drilling as well as building on its record of producing more from aging wells, the head of its research arm said. China National Petroleum Corp (CNPC) and its listed arm PetroChina face …
Once-Acquisitive Chinese Oil Giant Looks to Revive Global Dealmaking Read More »
(Reuters) – The Panama Canal expects to be ready to combat a possible new drought, which could hit the world’s second-largest waterway within four years, by accommodating larger vessels, securing dedicated passage for some ships and expanding its water reservoirs’ capacity, its chief, Ricaurte Vasquez, said on Monday. The canal authority has announced a return …
Panama Canal Expects to be Ready for Next Drought, Authority Says Read More »
By Bruno Venditti Top Countries by Fossil Fuel Consumption in 2023 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. Fossil fuel consumption reached new record highs in 2023, driven by increased coal and oil use …
INFOGRAPHIC: Top Countries by Fossil Fuel Consumption in 2023 – Visual Capitalist Read More »
A general view of the Equinor’s Johan Sverdrup oilfield platforms in the North Sea, Norway December 3, 2019. REUTERS/Ints Kalnins/File Photo STAVANGER, Norway, Aug 26 (Reuters) – Equinor plans to invest 60 billion-70 billion Norwegian crowns ($5.7 billion-$6.7 billion) a year in oil and gas offshore Norway until 2035 as it expects continuing strong demand for …
Equinor to Invest up to $6.7 Bln a Year in Oil and Gas off Norway Until 2035 Read More »
Norway must make more area available for hydrocarbon exploration and scale up the country’s nascent renewable sector in order to protect domestic suppliers of parts and services, according to the head of the country’s second biggest oil and gas company. “We need as much acreage as is possible and whatever is hindered by environmental assessments, …
Norway Oil Output, Renewable Push Go Hand-in-Hand, Aker BP Says Read More »
He will replace Dawn Farrell, who recently was appointed as Trans Mountain’s board chair, effective Sept. 1 Bloomberg News Trans Mountain Corp., the government-owned company operating Canada’s newest major oil pipeline, named Chief Financial and Strategy Officer Mark Maki as its next chief executive as it prepares for a sale to private owners. Maki will replace …
Trans Mountain Names Maki New CEO Before Government Sale Read More »
(Reuters) – Morgan Stanley has lowered its global oil demand growth forecast for 2024, mainly due to China’s slower economic growth, increased electric vehicle usage there, and a rise in the number of trucks in China powered by liquefied natural gas (LNG). The bank cut its global oil demand growth forecast for this year to …
Morgan Stanley Cuts 2024 Oil Demand Growth Outlook on China Factors Read More »
