How America’s Action in Venezuela Guaranteed Guyana’s Oil Future
Once one of South America’s poorest countries, Guyana is now ranked among the world’s richest because of the vast petroleum wealth contained in its territorial waters. A swath of major oil discoveries in the offshore Stabroek Block by operator Exxon…
Rolls-Royce Doubles Down on Returns With Massive Buyback Plan
Rolls-Royce has laid out plans to return billions to investors over the next two years after the blue-chip giant’s profit rocketed, leading to an upgrade of targets.The aerospace titan revealed plans for a £7bn to £9bn multi-year share buyb…
South America Dominates Global FPSO Market With $181 Billion Deepwater Buildout
South America is set to maintain its position as the most significant region for floating production, storage, and offloading (FPSO) vessels, with 36 projects awarded or expected to be awarded between 2021 and 2030, totaling field greenfield commitmen…
Turkey and BP Reshape the Balance of Power in Northern Iraq
The recent announcement that Turkey’s state-owned TPAO has signed a wide-ranging oil and gas cooperation agreement with Great Britain’s BP marks a potentially significant shift in the strategic landscape of northern Iraq. The new framework — coveri…
U.S. Energy Dominance Push Collides with EU Methane Rules
Last week, U.S. Energy Secretary Chris Wright called on the International Energy Agency to stop fixating on climate change and instead return to its original focus on energy security. The call came in the context of plans by the U.S. federal governmen…
Oil Traders May Be Pricing Iran Risk Too Lightly
Crude oil prices on Thursday settled at the highest in six months, with Brent crude topping $71 per barrel and WTI over $66. However, this may be just the start of a much stronger rally—it all depends on developments between the United States and Ira…
ADNOC Gas Is a Dividend Machine, But the Bill for “Growth” Is Arriving
Abu Dhabi’s main gas company, ADNOC Gas, has presented its financials. Again, the gas giant is being sold to investors as the perfect Gulf utility, based on its scale, stability, and domestic demand, and especially on its dividend stream, engineered …
Solar Set to Surpass Coal in China, But There’s a Catch
China’s solar generating capacity is poised to exceed coal for the time this year, the China Electricity Council said in a report this week.The country, long dependent on coal, should get about half of its installed generating capacity from solar and…
US Oil Drilling Continues to Flounder
The total number of active drilling rigs for oil and gas in the United States rose by 2 this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 546 this week, down 36 from this same time last …
Mexico’s Dos Bocas Refinery Starts Biting Into U.S. Fuel Exports
For years, Mexico has been a major fuel buyer from the United States. Then the government built a new refinery that cost $20 billion, which was planned to boost the country’s energy independence. It seems it has finally started to do just that—and f…
Oil Prices Continue to Rise As US Crude Oil Inventories Drop
Crude oil inventories in the United States decreased by 2.3 million barrels during the week ending January 24, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles…
Top Traders Begin Venezuela Oil Sales with U.S. Blessing
The world’s biggest international trading houses, which couldn’t trade Venezuelan oil for years due to the sanctions of the first Trump Administration, are back in the business, with the backing and blessing of the U.S.Following the capture of Nicol…
Georgia Scrambles After Leak Reveals Rising Dependence on Russian Gas
Officials are in damage-control mode in Georgia after the supposed unauthorized publication of a late 2025 state decree showing that the government’s reliance on Russian natural gas imports is growing and Tbilisi is now paying more for Russian import…
Canada Forges Major Energy and Trade Deals with China
Canada is cozying up to China as political tensions heat up between Canada and the United States. Canadian Prime Minister Mark Carney made key deals with China earlier this month on a diplomatic trip to Beijing, including major agreements for Chinese …
EIA Confirms Crude Oil Inventory Builds in US
Crude oil inventories in the United States increased by 3.6 million barrels during the week ending January 21, according to new data from the U.S. Energy Information Administration (EIA) released on Thursday. The increase brings commercial stockpiles …
Trump’s Energy Agenda Is Starting to Collide With Itself
On the campaign trail to the 2024 elections, Donald Trump made affordable energy for Americans a top priority—along with a boost for the country’s energy industry with a view to “energy dominance”. Now, conflicts are emerging between these priorit…