Brent crude continues to trade near $90, providing a solid flow of cash to oil producers. And current prices could soon look cheap. Tensions in the Middle East have potential to send oil prices through the ceiling, with talk of oil spiking to $100+ if conflict spreads regionally. Longer term, recent developments clearly demonstrate the resilient role of fossil fuel as the primary energy source over the foreseeable future.
December 7, 2023
Norwegian Diving Contractor, SubseaPartner, won a contract for the 2024 season, work…
November 29, 2023
Saipem won two offshore contracts, one in Guyana and the other in Brazil, worth approximately…December 8, 2023
Bangladesh started in recent days a large crude oil receiving and offloading facility built by China that allows the south Asian oil importer to signi
December 7, 2023
The Crown Estate, which manages the seabed around England, Wales and Northern Ireland, has set out further details of a new…
December 5, 2023
Vattenfall and BASF are in advanced and exclusive discussions to partner on the Nordlicht 1 and 2 projects through a sale…