Well, first BP's testing hasn't found any such evidence. And second, Hayward reminds us that, you know, oil floats. Or if we didn't get that: "Oil has a specific gravity that's about half that of water. It wants to get to the surface because of the difference in specific gravity...
Brent crude jumped 1.75% in early Monday trading to $104.25 a barrel, its highest level since before the 2008 financial crisis. European energy companies are evacuating some staff from the country, which is a major oil and gas producer for the European market….Italy buys about one-third of ...
Exploration permits are usually awarded by ministries, public authorities, or local governments, and they give the license holder the exclusive right to search for oil and gas within the specified block. The high degree of discretion in the awarding process and the large economic rents that can ...
In contrast, 43 oil and gas companies filed for bankruptcy for the whole of 2018. Ad The biggest oil and gas bankruptcy of the year--indeed, the biggest since 2016--wasEP Energy,which filed for bankruptcy in October, unable to pay back some $5 billion in debt. Now, some observers are...
Several studies concluded that positive oil price changes increase the performance of oil-related industries including; oil, gas and mining sectors. However, oil-dependent industries including; transportations, manufacturing, and others tend to suffer from oil price increases which eventually lessen their...
energy prices – in the cash market for the energy commodities traded on that exchange. These two charts below are seen as "evidence" of speculative activities in crude oil and natural gas markets because of the correlation between Non-Commercial spread positions and prices However, correlation ...
In a few days' time, officials at the Bureau of Minerals and Petroleum in Greenland will reveal the winners of a new round of licences to drill for oil and gas in its waters. The announcement promises to be explosive. Among those waiting are most of the world's leading oil companies, ...
A school of bottle nose dolphins may have put parts of Cardigan Bay off limits for oil and gas exploration, UK energy minister Malcolm Wicks has announced today (Thursday). Marathon to build clean diesel unit at Canton Marathon Oil said it plans to build a distillate hydrotreater at its 73...
We investigate the effect of gas/oil markets (spot/futures) on herding in stock markets in BRICS over 15 years (2007–2022). We consider the effect(s) of crises (Global financial, European debt, COVID-19, and Russia–Ukraine war), bull/bearish energy mar
The Republic of Azerbaijan is an oil- and gas-rich country, making it a prime example for a deep dive into the inner workings of economic policy and the non-oil sector. According to statistics and conducted studies, the development of the non-oil sector is more urgent in Azerbaijan compared...