oil production

As producers in the Permian Basin deplete prime tier-one acreage, the increasing output has led to a rise in second-tier drilling locations. These sites often yield crude oil with different…

Transocean and Seadrill are in discussions about a potential merger aimed at leveraging the recent rebound in offshore oil and gas investments. However, a finalized deal remains uncertain as both…

Oil companies are increasingly wary about investing in production growth due to fears of an oversupplied market and falling oil prices compared to last year. This sentiment was echoed in…

Guyana is emerging as a significant contender against OPEC’s influence in the global oil market, according to the International Energy Agency’s (IEA) 2024 World Energy Outlook, released on October 16.…

This week, crude oil prices experienced sharp declines driven by a combination of factors that negatively impacted market sentiment. Key concerns include weak demand from China and easing supply risks…

In the latest edition of the Numbers Report, we explore significant developments in the energy and metals sectors from the past week. Our analysis delves into the figures shaping these…

In recent years, the quest for alternative fuels has grown significantly. Among these alternatives, vegetable oils have gained attention as potential fuels for diesel engines. These oils, derived from various…

OPEC’s spare oil production capacity is often cited by analysts as a key factor when the specter of rising oil prices looms. The recent International Energy Agency (IEA) monthly report…

Oil prices showed little change during Wednesday’s intraday session following a significant drop of over 4% on Tuesday, reaching a near two-week low. This decline comes amid easing concerns over…

China’s Sinopec has a remarkable increase in oil production at its Jiyang shale field, boosting output from 100 tons per day in 2021 to 1,600 tons per day in 2024.…