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Oil & Gas Trade
Shell and Conocophillips More Than Doubled Their Earnings in 2022
The British oil and gas company Shell has released its 2022 results, posting a US$40bn profit for the year, a more than twofold increase compared to its 2021 ea…
Oil and Gas Equipment
Strengthening activities in North Africa
Successfully pumping in Algeria. Further projects in realization.This month, Oil Dynamics GmbH completed one year of a trouble-free operation with its first pum…
Gas power plant
Capstone Gets Order for Two Microturbines
The C200S can be fueled by pipeline natural gas. (Photo: Capstone Green Energy.)Capstone Green Energy Corporation has secured a follow-on order for two C200S mi…
Energy Transition
RESEARCHERS SUCCESSFULLY TURN ABANDONED OIL WELL INTO GIANT GEOTHERMAL BATTERY
Battery CageResearchers have successfully turned an abandoned oil and gas well into a geothermal energy storage system, repurposing a once-polluting resource ex…
Geothermal Power Plant
Geothermal ‘Battery’ Repurposes Abandoned Oil and Gas Well in Illinois, Researchers Report
A conceptual schematic of the type of advanced geothermal energy storage system demonstrated in this study. Credit: Tugce Baser and Renewable EnergyResearchers …
Solar Power Plant
Cepsa Will Develop 3 Solar Projects Totalling 400 MW in Central Spain
The Spanish oil and gas firm Cepsa will develop three solar PV projects totalling 400 MW in the region of Castilla-La Mancha, in central Spain. Cepsa will build…
Oil & Gas Trade
Colombia Will Not Issue New Oil and Gas Exploration Contracts
The Colombian Ministry of Mines has announced that Colombia would not issue new oil and gas exploration contracts, and will now rely on tourism and green energy…
Oil&Gas Drilling
Oman’s State Energy Company OQ Plans to List Drilling Unit Abraj in Muscat
Oman’s state energy company OQ plans to sell up to 49 per cent stake in its drilling unit, Abraj Energy Services, through an initial public offering, beco…
Oil & Gas Trade
Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization
KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…
Net Zero Emission
Energy Industry Lies at the Core of Making Net Zero Possible
The Mahani field in Sharjah. For more than 150 years, the oil and gas industry has continued to innovate. Photo: Sharjah Government Media BureauWe have pledged …
Energy Subsidies
Scotland on Mission to Become ‘Renewables Powerhouse’ Contemplates No New Oil & Gas Policy
In pursuit of accelerating the transition to clean energy, the Scottish government has released a draft energy strategy, which aims to shape the country’s…
Oil Exploration
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 difference…
Natural Gas
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 expor…
Oil&Gas Drilling
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 …
Oil & Gas Trade
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 sti…
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