Recent geopolitical tensions between Israel and Iran have had a substantial impact on global energy markets, igniting fears of significant disruptions in crude oil supplies from a region critical to maintaining the global energy balance. The potential for escalated conflict has driven oil prices
October 3, 2024A recent report by Rystad Energy illuminates the tremendous potential of electrifying oil and gas facilities to slash global emissions. The study takes a hard look at the transition from traditional diesel-powered equipment to more sustainable, lower-carbon power sources within the oil and gas
September 24, 2024BP's recent decision to offload its onshore wind energy business in the USA marks a significant shift in its strategic focus. Under the leadership of new CEO Murray Auchincloss, BP is pivoting back to oil and gas, revealing broader challenges and trends within the renewable energy sector.
September 18, 2024Recent movements in global oil prices suggest a potential upswing, driven by significant events and strategic responses from key market players. This article delves into the factors influencing oil prices, focusing on Hurricane Francine's disruption of Gulf Coast production and policy shifts
September 16, 2024Phillips 66, a prominent US oil refiner, recently finalized a deal with Voyager Midstream for the divestment of its natural gas gathering and processing assets. This transaction, supported by Pearl Energy Investments, is a pivotal move in Phillips 66’s broader strategy to streamline its operations a
September 11, 2024Canada’s energy sector is undergoing significant transformations, marked by various corporate acquisitions, fluctuating market dynamics, and complex policy challenges. These developments are not only reshaping the domestic energy landscape but also exerting influence on global markets. With c
September 10, 2024