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The disappointing news about the the so-called Cutthroat prospect in Sergipe-Alagoas Basin came just a week after Exxon's second minority partner in the venture, Houston-based oil producer Murphy ...
Sweeping U.S. sanctions on Russia's oil industry will make it more expensive for Moscow to sell its oil and complicate sea-borne crude exports due to restrictions on tankers, analysts and traders ...
Bolivian President Luis Arce on Monday tapped Alejandro Gallardo as the nation's new energy and hydrocarbons minister as the country faces widespread fuel shortages. The previous minister ...
It is known by many names including propane, LPG (liquified propane gas), LPA (liquid propane autogas), Autogas and others. Propane is a hydrocarbon fuel and is a member of the natural gas family. Propane as an automotive fuel shares many of the physical attributes of gasoline while reducing tailpipe emissions and well to wheel emissions overall.
Exploratory drilling, seismic and other remote sensing techniques are used to explore for and find new hydrocarbon resources. Satellites, remote-sensing devices, and 3-D/4-D seismic technologies are some of these technologies. Smaller “slimhole” drilling rigs are able to drill smaller exploratory wells to reduce the size of the impacted ...
Despite some fluctuations due to new deep-water discoveries and technological advancements, offshore production continues to play a crucial role in the U.S. energy landscape. [1] In 2023, federal offshore tracts produced approximately 15% of the oil and 2% of the natural gas in the United States.
A tax amnesty that helped bring $20 billion in assets from abroad and new measures to attract foreign currency inflows have allowed Argentina to build up its international reserves, Moody's added.
Hydrocarbon price volatility, particularly in the context of hydrocarbon economies, is a complex phenomenon impacted by a confluence of geopolitical, economic, and market factors. The period between 2010 and 2014, where hydrocarbon prices hovered around USD 100 per barrel, followed by a dramatic decline in 2016 to about USD 30 per barrel ...