The US oilfield services sector is bracing for more job losses as natural gas prices plummet to their lowest level in more than three years. According to data from the…
energy transition
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Oil prices remained steady on Monday, as the impact of rising geopolitical tensions in the Middle East was offset by signs of weakening demand in the global market. The conflict…
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The Labour leader tries to reassure workers in the North Sea sector but faces criticism from the SNP. The fate of the oil and gas industry in Scotland has become…
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The US oil industry saw a boom in upstream deals in 2023, with nearly $200 billion worth of mergers and acquisitions. But the refining sector was left out of the…
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As renewable energy gains momentum, oil companies are shedding costly assets and focusing on low-cost projects that can survive price swings. The oil industry is facing a year of big…
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Oil and gas giants are paying out more money than ever to shareholders, but that’s not enough to restore their appeal in a world shifting to cleaner energy sources. The…
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The US oil industry is facing a slowdown in production growth in 2024, according to a report by the US Energy Information Administration (EIA). The EIA predicts that US crude…
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Mining Indaba 2024 gears up to tackle justice in the energy transition, spotlighting Africa’s pivotal role in the global shift to cleaner energy.
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The global market for liquefied natural gas (LNG) is expected to remain tight until 2026, as demand outstrips supply amid the transition to cleaner energy sources, according to the Gas…
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The International Energy Agency (IEA) has revised its global oil demand growth forecast for 2024, but it still falls short of OPEC’s expectations. The IEA, which advises industrialized countries on…