Crude oil production from the Organization of the Petroleum Exporting Countries (OPEC) declined last month, as the United Arab Emirates (UAE) intensified supply cutbacks aimed at stabilizing global oil markets. According to a Bloomberg survey, OPEC’s output fell by 120,000 barrels per day (bpd) to 27.05 million bpd, with the …

Kazakhstan maintained its reliance on Russian infrastructure to deliver oil to international customers in 2024, despite calls from the central Asian country’s president to seek alternative export routes. State run oil pipeline operator KazTransoil, which operates the country’s second largest export route for Kazakh oil, said on Monday that shipments …

The Troll gas field in the North Sea has achieved a historic production milestone by delivering 42.5 billion standard cubic metres (bscm) of natural gas in 2024. This figure represents the highest annual production ever for the field and marks an increase of nearly 10% from the previous record of …

Syria will receive two electricity-generating ships from Turkey and Qatar to boost energy supplies hit by damage to infrastructure during President Bashar al-Assad’s rule, state news agency SANA quoted an official as saying on Tuesday. Khaled Abu Dai, director general of the General Establishment for Electricity Transmission and Distribution, told …

The US is bracing for a surge in natural gas demand as freezing weather and snowstorms threaten to cause widespread power outages, reported Reuters, citing energy analysts and reliability coordinators. The current conditions could lead to the highest levels of natural gas demand this winter. The increased demand coincides with …

Germany’s solar boom has slowed to a trickle and turned into a bust for domestic manufacturers of solar panels and PV system installers and providers. Following a breakneck surge in solar power installations in 2022 and 2023 at the peak of the energy crisis, German solar capacity additions slowed toward …

Oil steadied near its highest level in almost three months, after some Middle Eastern oil grades strengthened on robust demand from Asian refiners. Brent traded near $76 a barrel after earlier Monday hitting its highest since Oct. 14. West Texas Intermediate was around $74. Traders will be looking out for …

As Donald Trump prepares to become America’s 47th president on January 20, the potential resurgence of United States’ shale oil industry will reopen the 2014 scars for Nigeria and some of the biggest oil producers in the world as they seek to support prices and reduce oversupply. The resurging shale …

After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas investment is …

Italian oil and gas giant Eni S.p.A has launched its next-generation supercomputer that will help it to ramp up oil and gas discovery technology and support its decarbonization strategies. Based at Eni’s Green Data Center in the small town of Ferrera Erbognone, the €100m High-Performance Computing 6 (HPC6) machine is …