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Oil and gas

United Kingdom
UK Approves 25% Windfall Tax on Oil and Gas Producers
British lawmakers have officially approved a 25% windfall tax on oil and gas producers that will earn the government nearly $6 billion in one year to put toward…
Norway
Norway’s Hydropower Reserves Hit Hard by Drought
While Europe scrambles to procure natural gas for winter power generation and heating, Western Europe’s biggest oil and gas producer, Norway, has a whole diffe…
Hydrogen Project
Shell to Build Europe’s ‘Largest’ Renewable Hydrogen Plant to Help Power Dutch Refinery
Shell says it wants to “become a net-zero emissions energy business” by the year 2050, but the company remains a major producer of oil and gas.
Russian Federation
Putin Signs Decree to Seize Control of Project Partly Owned by Shell
Shell has a 27.5% stake in the oil and gas project
The G7 Has Paved the Way for Increased Oil and Gas Spending
G7 nations have acknowledged the need for increased investment in foreign gas projects.
Oil Shale
Exxon, Imperial to Sell Canada Shale Assets to Whitecap for $1.5 Billion
U.S. oil major Exxon Mobil Corp and Imperial Oil Ltd said on Tuesday they will sell their Montney and Duvernay shale oil and gas assets in Canada to Whitecap Re…
Natural Gas
EU and Norway Step Up Co-Operation to Ensure Additional Gas Supplies
Norway is the biggest producer of oil and gas in Europe, delivering around one-fourth of EU countries’ gas consumption and significantly contributing to Europe…
Top 10 Energy Companies
These energy big-hitters are at the forefront of changing oil and gas dynamics and transition to renewable energy.
Hydrogen Storage
Chevron Pulls Out of Utah Green Hydrogen Energy Storage Project
Oil and gas major Chevron has pulled out of plans to acquire an equity interest in Advanced Clean Energy Storage Delta (ACES Delta), the 300GWh green hydrogen e…
United States
The Rise of Robots in the Oil and Gas Industry
The U.S. of robotics in the oil and gas industry is expected to pick up significantly over the next decade after the Covid pandemic accelerated the digitalizati…
Brazil
Brazil Government Eyes Windfall Tax on Oil Firms, but Guedes Opposed
Brazilian Economy Minister Paulo Guedes is firmly against the idea of tax increases on the oil and gas industry.
CCS
Oil Players Join Forces to Develop ‘One of the Largest CCS Facilities in the North Sea’
In pursuit of its strategy to go beyond net-zero, oil and gas company Neptune Energy has teamed up with several firms to pool resources for the development of a…
LNG
Ukraine Signs Deal to Buy LNG, Green Hydrogen From Quebec
Ukrainian state oil and gas company Naftogaz has announced a deal to buy liquefied natural gas (LNG) and green hydrogen from Quebec, beginning in just five year…
United Kingdom
Windfall Tax to Cost UK-Focused Oil Firms More Than $3 Billion
The new windfall tax on profits of oil and gas companies in the UK is expected to cost the medium-sized North Sea-focused companies a total of $3.3 billion thro…
Energy Investment
Windfall Tax Threatens Oil and Gas Investment in North Sea, Says Shell
The energy giant has said the levy “creates uncertainty”

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