Equinor to acquire 17.4% interest in Namibia’s Orange Basin block
Equinor has agreed to acquire a 17.4% participating interest in petroleum exploration licence 90 (PEL 90) in the Orange Basin off the coast of Namibia, …
Read Full ArticleVenezuela Signs Oil Deals With SLB and Hunt to Boost Production
Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment in its key energy industry, …
Read Full ArticleOil Prices Rise for Fourth Day as Hormuz Traffic Slows
Crude oil prices extended their gains for the fourth day today as fresh tanker-tracking data suggests traffic via the Strait of Hormuz has slowed further …
Read Full Article5 Energy Stocks Cashing In On The New Energy Crunch
The Iran war has created an extraordinary earnings season for U.S. refiners. Brent crude has fallen to around $90 per barrel from a wartime peak …
Read Full ArticleThe U.S. Is Quietly Building a New Energy Foothold in Iraq
There have been perhaps a handful of events since the end of the Second World War that have fundamentally reshaped the world’s oil markets and …
Read Full ArticlePeter Thiel Bets $76 Million on Argentina’s Vaca Muerta Shale
Palantir chairman and hedge fund owner Peter Thiel bought a 1% stake in one of the biggest companies operating in the Vaca Muerta shale formation …
Read Full ArticleAI Could Make Big Oil Even Bigger
AI is changing energy systems, but data centers are only a small part of the impact. Much has been written and said about how the …
Read Full ArticleDistillate Stocks Sink Further as U.S. Crude Inventories Barely Budge
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 328,000 barrels in the week ending August 14. In …
Read Full ArticleOnly 7% of Global Green Hydrogen Capacity Was Finished on Schedule
Green hydrogen research and development has found itself in limbo, once again. Enthusiasm for the resource’s potential as a clean energy solution in hard-to-abate sectors …
Read Full ArticleA 4-Million-Bpd Shadow Oil Highway Is Running Through Hormuz
U.S. Treasury Secretary Scott Bessent has predicted that the Strait of Hormuz will become “irrelevant” within two years, and with Gulf oil producers already building …
Read Full ArticleAramco Puts VLCCs Back Into Hormuz After Three-Week Pause
Saudi Arabia spent weeks finding ways around the Strait of Hormuz. Now it is starting to send tankers straight back through it. Saudi Aramco resumed …
Read Full ArticleRussia Pushes Ahead With Uzbekistan Nuclear Plans Despite Money Troubles
Despite apparent financing difficulties hovering over the construction of nuclear reactors in Uzbekistan, the Russian nuclear agency Rosatom has announced it is developing a training …
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