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Equinor takes $1.8B impairment on North Sea Mariner field

By Stephen Treloar on 1/12/2022 (Bloomberg) –Equinor ASA will make a $1.8 billion impairment on its Mariner field after slashing reserve estimates for the U.K. North Sea oil deposit. The Norwegian company cut total recoverable reserves to about 180 million barrels from a previous estimate

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Commodities
World Oil

Emboldened green activists target Argentina’s offshore oil plans

By Jonathan Gilbert on 1/12/2022 (Bloomberg) –Environmental activists in Argentina are trying to prevent new oil exploration in the resource-rich South American nation just days after forcing a governor in Patagonia to reverse course on silver mining. The government has been lobbying the case for

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Commodities
World Oil

EIA expects shale to drive record U.S. oil production in 2023

By Sheela Tobben on 1/12/2022 (Bloomberg) –U.S. annual oil production is set to rise to a record next year as shale producers continue to boost output.   Oil supply will average 12.41 million barrels a day in 2023, according to the Energy Information Administration. That would

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