The US presidential election has always been a significant event with far-reaching implications, and the oil market is no exception. As the nation heads to the polls, market participants are adopting a "wait and see" approach, reflecting the uncertainty surrounding the election's outcome and its
Last week, Shell faced an oil spill near Bukom, Singapore, due to a leak in a land pipeline, which released 30 to 40 tonnes of oil. The swift containment efforts by Shell and the Maritime and Port Authority (MPA) successfully minimized environmental damage and ensured maritime navigation safety.
The International Energy Agency (IEA) has released its latest World Energy Outlook report, prompting fierce criticism of New Zealand’s current energy policies. According to the IEA report, the global demand for oil, gas, and coal will peak by the end of this decade. It also notes that a failure to
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
A 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
BP'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. BP's
