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Energy Transition
At Global Energy Conference, Oil and Gas Industry Leaders Argue For Fossil Fuels’ Future in the Energy Transition
Russia’s invasion of Ukraine and grim climate reports changed the conversation, but not the industry’s assertion that it will remain a critical part of the gl…
Oil Exploration
PM of Barbados Defends Country’s Oil and Gas Exploration
Prime Minister Mia Mottley has defended Barbados’ plans to resume fossil fuel exploration off its coast, saying that developing nations deserved “equity” and…
Oil Exploration
ONGC Conducts Seismic Surveys in Tripura to Identify Oil Reserves
ONGC started drilling in Tripura back in 1962. The national oil and gas explorer was awarded acreages at Central Baramura, Aramura Bulge, Tichna and Khubal area…
Oil & Gas Supply
European Oil and Gas Majors’ Exposure to Russia Is Limited
European oil and gas major’s planned exit from Russia or curtailed operations in the country will have a limited impact on their credit metrics, Fitch Ratings …
LNG
Germany to Build Its Own LNG Terminal
European Union’s sanctions may be pounding hard on the Russian economy, its energy reliance cannot be dismissed. This incidentally also explains the sanctions …
CNOOC
Chinese Partner Paying over $2 bln to Petrobras for More Interest in Brazilian Field
Chinese oil and gas company CNOOC has sealed a deal with the Brazilian giant Petrobras, which will allow it to acquire an additional interest in the Búzios fie…
World’s most Advanced Oil Rig Commissioned at ONGC Well in Bhimavaram
As the energy prices soar, the advanced rigs are very crucial for the Indian energy sector to drill oil and gas wells faster to increase the production for d…
Oil Exploration
Opportunities Still Exist in Kenya’s Oil, Gas Sector
Last week Kenya announced for sale 35 oil and gas exploration blocks mostly in the natural gas prone coastal Lamu Basin. This is an indication of revived upstre…
Oil Exploration
Oil and Gas Exploration is on The Rise In Africa
Increasing exploration activities in 2022 and onwards is a top priority for African hydrocarbon producers as they seek to expand production and establish the co…
Crude Oil
U.S. Sanctions on Russian Oil to Leave More Cargoes at Sea with No Buyers
The U.S. ban on Russian oil and gas imports is likely to leave more cargoes at sea with no buyers.
Oil Shale
U.S. Shale Producers Oasis, Whiting to Merge in $6 Bln Deal
U.S. shale oil and gas producers Oasis Petroleum Inc OAS.O and Whiting Petroleum Corp WLL.N will merge in a $6 billion deal, the companies said on Monday.
Oil & Gas Supply
Elon Musk Calls for Immediate Boost in Oil and Gas Production Amid Russia-Ukraine War
In a tweet, Tesla CEO Elon Musk called for an immediate increase in oil and gas production in the US and globally to compensate for the reduced Russian output. …
Crude Oil
Elon Musk: “We Need to Increase Oil & Gas Output Immediately”
Elon Musk, CEO of Tesla, has shared some thoughts on Twitter about the current situation with oil and gas and Russia.
Crude Oil
Treasury Department Assures Wall Street It Can Still Trade Russian Oil and Gas
The U.S. Treasury Department clarified Friday afternoon that Wall Street’s traders and banks can continue to buy and sell Russian oil and gas.
Crude Oil
Clean Energy Broke Records in 2021 but Still Can’t Catch up with Oil and Gas
The US is way off track from meeting clean energy goals.
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