Aside from European gas prices being down 45%, Wood Mackenzie’s forecast indicates that flat global demand is on the horizon this year.
Recent events in the Red Sea have added fuel to the growing fears about the possibility of a wider conflict breaking out across the Middle East, prompting further concerns over oil flows, supply chains, and energy prices in the region and beyond.
Baker Hughes’ rig count report shows that no new rigs joined the working fleet in December 2023.
Should the world aim for a balancing act to satisfy both energy security and green future aspirations or pick just one?
Oil prices have now settled down, but is this just the calm before the storm or will prices remain stable without further spikes?
While multiple new oil and gas projects were sanctioned throughout 2023, the top eight ones are listed in this article.
Wood Mackenzie has come up with ten predictions for the energy industry in 2024, which hint at a downturn in gas, LNG.
Following the global energy crisis in 2022, energy security reigned supreme on countries’ energy agendas during 2023.
Arabian Drilling has provided an update on the upgrades to its new offshore rigs, which have been hired for drilling ops by Aramco.
Harbour Energy has the wheels into motion to acquire all of Wintershall Dea’s assets, aside from the ones in Russia, for $11.2 billion.
While Yemen’s Huthis intensify their attacks on vessels in the Red Sea, multiple nations bond together to tackle these security concerns.
A deep dive into the outcome of COP28 climate talks, which some see as a climate win while other perceive it to be a backdoor for more gas and LNG projects.
Yinson Production has held a naming ceremony at Dubai Drydocks World for an FPSO, destined to work at Enauta’s field off the coast of Brazil.
QatarEnergy’s CEO has urged Arab countries to bolster their cooperation efforts in the evolving energy landscape to address the energy transition challenges.
