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Oil Field
Adnoc Awards $744m Offshore Field Contract to NPCC
The Belbazem block is being developed to reach a production capacity of 45,000 bpd, with the first barrel of oil expected in 2023
Thermal Plant
Mitsubishi Power Establishes New Gas Turbine Business in Dubai
The gas turbine combined cycle unit will focus on the sale of J-Series Air Cooled gas turbines, which are capable of operating on a mixture of 30 per cent hydro…
Oil Shale
High Profile Merger Creates A New $17 Billion Shale Giant
Cabot Oil & Gas Corporation and Cimarex Energy announced on Monday another merger in the U.S. shale patch in an all-stock merger of equals that would result in …
Oil Price
Oil Prices Rise on Potential Hitch in Iran Talks
Oil prices rose on Monday as a demand bump fueled by COVID-19 vaccination drives gave traders optimism that the market can absorb any Iranian oil that would com…
Oil Pipeline
Tanzania, Uganda Finalize Oil Pipeline Deal
Tanzania and Uganda have signed a fifth and final government agreement that will greenlight the construction of a $3.5-billion pipeline that will carry crude pu…
Carbon Emissions
KENYA: Towards the Establishment of a GHG Emissions Trading System
The Kenyan government has approved the establishment of a greenhouse gas emissions trading scheme. The scheme, which is mainly aimed at businesses, is expected …
Coal-Fired Power Plants
MAN Energy Supplies 225MW to Four Power Plants in West Africa
It has also announced the completion of two other plants in The Gambia and Guinea.
Carbon Emissions
Indonesia Considering Carbon Tax Under Major Tax Overhaul
Indonesia has drawn up proposals to bring in a carbon tax to curb greenhouse gas emissions, in addition to raising VAT rates and reforming income tax, as part o…
Market Analysis
Oil Markets Set for Recalibration as US and Iran Attempt to Restore Nuclear Deal
Commodities prices are expected to keep rising, even if Iranian supply returns, Saxo Bank's head of commodity strategy says
LNG
Qatar Cuts LNG Prices And Expands Into Asian Spot Market
Qatar is cutting prices for its gas and expanding into the Asian spot market as it seeks to maintain its number-one position in exports of liquefied natural gas…
Oil Refinery
Australia To Keep Viva & Ampol Refineries Operating
Australia has agreed to pay its last two oil refineries up to A$2.3 billion through 2030 to keep the struggling plants open and protect the country's fuel secur…
Crude Oil
Saudi Arabia Beats Russia Again To Top Chinese Oil Supplier Spot
Saudi Arabia kept its status as China’s top oil supplier in April, beating Russia for the eighth month in a row as the world’s largest oil buyer imported the …
Natural Gas
Natural Gas a Vital Element in Mission Net Zero: GE
The Gas Exporting Countries Forum, as an intergovernmental coalition of 19 of the world’s leading gas producers together representing 70% of the proven natural…
Oil Exploration
China Makes Headway in Construction of New Offshore Oil Platform
The float-over installation of the Lufeng 14-4 central platform, China's largest independently designed and built offshore crude oil production platform, has be…
Distributed Solar
Sinopec Launches First 'Carbon-Neutral' Gas Station
Chinese oil giant Sinopec Group has completed work on the country's first "carbon-neutral" gas station, marking an important step in its drive to reduce carbon …
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