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OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

OPEC

OPEC: Global Oil Demand to Hit 120.1m Barrels per Day (Bpd) by 2050, Energy Demand to Increase 24% During Same Period

Oil&Gas Drilling
09-01-2023

China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan
(Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern Amu Darya basin as the group seeks to increase revenue.oil rig for oil productionXinjiang Central Asia Petroleum
Oil&Gas Drilling
06-01-2023

Extra Time for Shelf Drilling Tenacious in Angola
Shelf Drilling reports that it has secured a further 12-month extension on the Shelf Drilling Tenacious jack-up rig in direct continuation of its current contract for drilling operations offshore Angola. The rig is now committed until November 2024.The Te
Oil & Gas Supply
06-01-2023

Namibia and Equatorial Guinea Youth-Focused Local Content, Gas Monetization a Boost for Intra-African Energy Growth
Following an agreement forged during the Namibian International Energy Conference in 2022, a youth training initiative launched by Namibia and Equatorial Guinea has set the tone for an ambitious local content drive that will position Namibia as a competit
Oil Price
06-01-2023

Saudi’s Won’t Let Oil Stay at $75: Pioneer CEO
OPEC is likely to cut oil production again, Pioneer Natural Resources CEO said at a Goldman Sachs Conference in Miami on Thursday.Source: World OilSaudi is not going to let Brent stay around $75 a barrel, Scott Sheffield said, adding that it wouldn&rs
Oil Exploration
06-01-2023

China, Philippines to Negotiate Oil and Gas Exploration Talks in South China Sea
The presidents of China and the Philippines agreed to resume talks on oil and gas exploration in the South China Sea. They will also discuss maritime differences amicably after meeting in Beijing on Jan 4., a move that potentially paves the way for easing
LNG
05-01-2023

Gazprom JV Sues Linde Over Stalled LNG Project
A court in St. Petersburg has frozen the Russian assets of industrial gases and engineering giant Linde, which is being sued by a Gazprom joint venture over a stalled gas-processing and LNG project at Ust-Luga on Russia's Baltic Sea Coast.In recen
Oil Exploration
05-01-2023

First Oil Flows Into Jack-up Rig After It Gets New Lease on Life as Mopu
India’s government-owned company Oil & Natural Gas Corporation (ONGC) has welcomed the first oil flowing into a jack-up rig, which was recently converted into a mobile offshore production unit (MOPU).ONGC disclosed on Tuesday that the 1973-b
LNG
04-01-2023

Buhari Promises Fuel Delivery Assistance to Burundi Amid Fuel Scarcity in Nigeria
President Muhammadu Buhari promised fuel delivery assistance to Burundi on Tuesday, January 3rd, 2023.According to a statement made available by the Special Adviser to the President on media, Femi Adesina, President Buhari made the promise when he receive
Oil & Gas Trade
04-01-2023

FPSO Gets More Time With Eni Off Nigeria
While firming up a deal for a further extension, BW Offshore has secured a short-term contract extension with Eni for one of its floating, production, storage and offloading (FPSO) vessels, which will continue carrying out operations on a field located of
Crude Oil
04-01-2023

Energy outlook: Oil making a comeback in 2023, says WoodMac
With the global energy crisis still running the show, Wood Mackenzie, an energy intelligence group, has outlined ten predictions for the energy industry in 2023, which point to a rebounding oil demand and surging EV sales, along with some other forecasts
Oil Price
04-01-2023

Oil Swings on First Trading Day of 2023 Amid Demand Concerns and IMF Recession Warning
Fund's managing director says the global economy faces 'a tough year, tougher than the year we leave behind'IMF chief Kristalina Georgieva repeated an earlier warning that a third of the global economy will be in recession this yea
Natural Gas
04-01-2023

U.S. Oil & Gas President Says Group Production Boost Will Keep Gas Prices Steady, Defying Biden
Rather than work to boost domestic production, President Joe Biden opted to repeatedly release millions of barrels of oil from the Strategic Petroleum Reserve to keep prices down.US Oil & Gas Association President Tim Stewart said that the industry&am
Oil & Gas Trade
03-01-2023

Bintai Kinden Expands Further into O&G
Company's 51%-owned sub-subsidiary, Bintai Energy, awarded RM4.0 million subcontracts by Petro Flanges & Fittings and received licenses from Petronas to supply products and services to O&G businessesPETALING JAYA, Malaysia, Jan 3, 2023 - (
Natural Gas
03-01-2023

Eastern Kazakh Natural-Gas Supply To China Halted
Workers walk near oil pumps at the Uzen oil and gas field in the Mangistau region of Kazakhstan. (file photo)Officials in an eastern Kazakh region say gas exports to China from the area's only natural-gas producing facility were halted on January
Crude Oil
03-01-2023

Venezuela Loads Crude Under Eased Sanctions
Venezuela started loading 250,000 bl of Boscan heavy crude in Bajo Grande, Zulia state, this weekend for export to the US under eased sanctions that allow Chevron to expand its trade.This would be the first such US-bound crude export in four years since s
Oil&Gas Drilling
03-01-2023

Breathing New Life Into Oil Rigs
While it is expected that a day will come for the offshore oil and gas infrastructure to be retired at the end of active service life, does this have to be the end for these giant beasts of the sea? This year, many eyes have been opened to the idea that t
Oil & Gas Trade
03-01-2023

What Will the New Year Bring to the Oil & Gas Industry?
The year, which is now behind us, was marked by a global energy crisis and price volatility, putting the energy trilemma into stark relief. However, 2023 is still uncharted territory, which can be used to shape new developments in the oil and gas industry
Oil & Gas Supply
02-01-2023

Fuel Station Demolished, Barge Set Ablaze Over Link With Oil Theft
A petrol Filling station in Opete, Udu local government area, Delta state and a barge has been destroyed over their alleged link with illegal bunkering activities.The petrol Filling station was demolished before security operatives, representatives of the
Oil Price
01-01-2023

Oil Prices End 2022 Higher Despite Demand Concerns
A surprise rise in US crude stocks is weighing on futuresA trader at the New York Stock Exchange. Brent, which hit a 14-year high of $140 a barrel in March, has since lost most of its gains. ReutersOil prices ended the week higher on Friday, rallying on t
Oil Price
01-01-2023

UAE petrol and Diesel Prices to Fall in January
Motorists across the Emirates will pay less at the pumpsPetrol prices in the UAE for January have been announced. Pawan Singh / The NationalThe cost of petrol across the UAE will fall in January, it has been announced.Earlier this year, prices reached the
Oil Pipeline
01-01-2023

Former Petrobras Official To Lead Brazil’s State Run Oil Company
President-elect Lula da Silva names Jean Paul Prates to head the company amid renewables pushBrazil's president-elect Lula da Silva, announced that senator Jean Paul Prates is his candidate for chairman of Petrobras. AFPPresident-elect Luiz Inacio
Oil & Gas Supply
30-12-2022

Global Oil Demand Could See Surprise Surge in 2023, Says Top Hedge-Fund Trader
But electric-vehicle adoption may stand in way to full return to trend, says Pierre AndurandGlobal demand for crude oil could see a bigger surge than traders and analysts have penciled in for 2023 as China fully reopens its economy and the world puts the
Natural Gas
30-12-2022

You need to be visible to get an energy sector job in 2023 – Experts
Nigeria’s energy sector is vast, with many job vacancies across the renewable energy and hydrocarbon (oil and gas) sectors.People working in the sector know that even in the face of abysmal financial performance, there will always be positions t
Oil & Gas Trade
30-12-2022

Aramco Refining Unit Luberef Begins Trading on Tadawul After $1.32BN IPO
Company's listing is Saudi Arabia's third-largest IPO this year after Americana and Nahdi MedicalThe Tadawul All Share Index, the Arab world's largest stock market, has bucked the global slowdown of initial public offerings this ye
Oil & Gas Trade
30-12-2022

Exxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Record profits by oil companies benefiting from high energy prices have boosted inflation around the worldExxon said it will factor in the tax as it considers future multibillion-euro investments in Europe’s energy supply and transition.US oil c

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