ExxonMobil and its partner Hess Corporation have made another significant crude oil discovery offshore Guyana, the U.S. supermajor said on Wednesday.
Crude oil prices rose today after the Energy Information Administration reported an inventory draw of 4.1 million barrels for the week to July 23.
Earnings season is here with us once again, with a quarter of S&P 500 companies having reported second-quarter 2021 earnings. According to FactSet data, 88% of S&P 500 companies have reported a positive EPS surprise, while 86% have reported a positive revenue surprise.
About a week ago, Saudi Energy Minister Prince Abdulaziz bin Salman made waves in the oil community after telling Bloomberg News that Saudi Arabia “…is going to be the last man standing, and every molecule of hydrocarbon will come out.”
Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world.
With the right policies, the upstream sector will thrive. David Ampofo – CEO Ghana Upstream Petroleum Chamber.
The official Event Brochure, released by the organisers, details the African Ministers, government leaders, CEOs and upstream experts due to speak on the CPD-accredited agenda later this year.
U.S. LNG exports jumped to an average of 9.6 billion cubic feet per day (Bcf/d) between January and June 2021, up by 42 percent compared with the first half of 2020.
Over the past few earnings seasons, the majority of companies in the energy sector have comfortably beat Wall Street’s expectations.
To secure the country’s energy autonomy, upstream activities in oil and gas must embrace digitalisation and overcome the nightmare of slumping productivity