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The UK’s largest oil producer Harbour Energy has blamed the Government’s windfall tax after a $1bn profit to an $8m loss in the first half of the year.

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Britain’s largest oil producer swings from $1bn profit to loss after windfall tax

A windfall tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or...

This historic oil drama of the partnership between American geologist Max Steineke and Saudi Bedouin Khamis Bin Rimthan.

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Passage Pictures Announces ‘Sands Of Fortune’ Chronicling Discovery Of Oil In Saudi Arabia & Early Days Of Aramco

Story By Melanie Goodfellow |DEADLINE EXCLUSIVE: Uri Singer’s Passage Pictures has announced a new feature Sands of Fortune, delving into the story behind...

Ecuadorians voted against drilling for oil in a protected area of the Amazon, an important decision that requires full stoppage of operations

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Ecuadorians reject oil drilling in the Amazon

RIO DE JANEIRO (AP) — Ecuadorians voted against drilling for oil in a protected area of the Amazon, an important decision that...

All over the world, prices in the diesel fuel market are sky-high relative to the crude oil from which it is made, alarming governments.

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Diesel Is Pricing a Scarcity With Winter Demand Looming

Elizabeth Low, Jack Wittels and Chunzi Xu -(Bloomberg) -Via Yahoo News. At any other time in history, the current state of the...

FILE - Technical vessels are seen by the decrepit 'Safer' tanker on Monday, June 12, 2023, off the coast of Yemen. A senior United Nations official says a salvage team is set to begin siphoning oil out of the decaying tanker moored off the coast of Yemen. (AP Photo/Osamah Abdulrahman, File)ASSOCIATED PRESS

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More than 1 million barrels of oil removed from deteriorating tanker moored off Yemen, UN says

UNITED NATIONS (AP) — The transfer of more than a million barrels of oil from an aging tanker moored off the coast...

Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined in one of the fastest growing nations of the G20.

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Oil Decline Slows Down Saudi Economy

By CNBC|Ruxandra Iordache| Saudi Arabia’s economy slowed in the second quarter, as crude output cuts and a drop in oil prices reined...

What would happen to Russia’s oil and gas production if the government fell and what effects on the global oil and gas sector would occur?

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What Would Happen to Russia’s Oil and Gas Industry if the Government Fell?

Story By Andreas Exarheas|RigZone|If Russia’s government were to collapse, we would likely see substantial oil and gas upstream production declines. That’s what...

US legislation could block China from buying oil from Strategic Petroleum Reserve. Amid tense energy landscape, move marks significant geopolitics

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USA Bill Could Bar Sale of Emergency Oil to China

Story By Ari Natter|Bloomberg| China would be blocked from purchasing oil from the US’s emergency SPR stockpile under legislation slated for a...

Discover the allure of Death Valley, the hottest place on Earth. Explore its extreme landscapes and mesmerizing beauty amidst a US heatwave.

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Death Valley: A Mesmerizing Attraction in the Midst of a U.S. Heat Wave

In the scorching midst of a nationwide heatwave, Death Valley National Park emerges as a fascinating and alluring destination. MarketWatch highlights the...

Libya's oil revenue for H1 2023 declined year on year, while royalties and fuel sales also fell. NOC aims to boost production with expansion plans."

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Libya Posts Around $7B in Oil Revenue for First Six Months

Story By Jov Onsat |RigZone| Libya’s oil revenue excluding royalties and fuel sales slid to around $7 billion (LYD 33.4 billion) for...

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