Shale Markets, Llc / Norway To Spearhead Oil & Gas Electrification Helm For Years To Come, Forecasts Westwood
By Melisa Cavcic Westwood forecasts that Norway will continue to lead the way with low emissions intensity and electrification projects. The post Norway to spearhead oil & gas electrification helm for years to... ... Read Full Article Here For more great articles: Offshore Energy Today.
Shale Markets, Llc / Drop In Recoverable Oil Resources Could Deal Major Blow To Energy Security, Rystad Says
By Melisa Cavcic The drop in the total recoverable oil worldwide from last year's figures represents another threat to global energy security, explains Rystad. The post Drop in recoverable oil resources could deal... ... Read Full Article Here For more great articles: Offshore Energy Today.
TGS has acquired an asset management and real-time data management solutions provider Prediktor. : TGS ASA, a global provider of energy data and intelligence, has acquired Prediktor, a provider of asset management and real-time data management solutions to renewable and energy asset owners. Established in 1995, the company has carried out thousands of installations on mission-critical industrial and energy assets on all seven continents, enabling data-driven automated operations solutions and optimization of asset portfolios. Based in Fredrikstad, Norway, with 40 employees, Prediktor counts some of the world's leading renewable energy producers among its clients.
Us Strategic Reserves: Joe Biden Releases Five Million Barrels Of Oil From U.s Strategic Reserves To Cool Prices - The Economic Times
Joe Biden has decided to supply five million oil barrels that it will help to lower the price hike of gas in gas stations.
Norway's government late Tuesday intervened to bring an end to an oil and gas strike that threatened to exacerbate the region's deepening energy crisis.
Russia has reaped bumper revenues from its oil, gas and coal sales to Asian buyers like India and China that have pounced on cheap prices.
Crude Oil Price Today: Where Are Crude Oil Prices Headed? Investors Confused As Analyst Targets Vary From $65 To $380 A Barrel! - The Economic Times
"For oil, the historical evidence suggests that oil demand goes negative only in the worst global recessions. But oil prices fall in all recessions to roughly the marginal cost," Citi analysts said in a note.
Supply and demand shocks seem likely to keep prices up despite fears of recession in US and EuropeOver the past two and a half years, world oil and gas prices have been subject to demand shocks and supply shocks - and sometimes both simultaneously. The resulting volatility in energy markets is a reflection and a microcosm of a careening global economy.The price of Brent crude oil declined from a "normal" $68 a barrel at the end of 2019 to $14 a barrel in April 2020 as the Covid-19 pandemic spread worldwide.
By Melisa Cavcic Norway's government has devised a plan to ramp up output at several fields to maintain high gas exports to Europe and meet the growing demand. The post Norway greenlights boost in output from several fields to meet energy demand appeared first on Offshore Energy. Read Full Article Here For more great articles:...
Shale Markets, Llc / Equinor's Oil & Gas Output To Drop While It Shuts In Fields As Offshore Workers Go On Strike
By Melisa Cavcic Equinor has shut down production at three fields off Norway and revealed plans to do the same with four more due to oil & gas workers' strike. The post Equinor's oil & gas output to... ... Read Full Article Here For more great articles: Offshore Energy Today.