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Oil Field
Aramco Awards Contracts Worth $10bn to Develop Giant Jafurah Gas Field
The company plans to invest more than $100bn to develop the field that will make Saudi Arabia one of the world’s largest natural gas producers
Natural Gas
Equinor Shifts Oseberg Output Focus Towards Gas
Norwegian state-controlled Equinor has submitted plans to develop the Oseberg field to become a "substantial gas producer", having been primarily an oil field.
Oil & Gas Trade
Middle East Oil Exporters To See Fast Economic Growth In 2022
The six major Middle Eastern oil and gas producers part of the Gulf Cooperation Council are set to book faster economic growth in 2022 than previously expected,…
Oil & Gas Trade
Russian Novatek Expands Its LNG Supply to Vietnam
Russia’s largest independent natural gas producer Novatek has established its representative office in Hanoi to supply LNG to the Vietnamese market.
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…
Carbon Neutral
China CNOOC Says to Raise Gas' Share to Half of Output by 2035
China's national offshore oil and gas producer CNOOC Ltd said on Thursday it aims to raise the share of natural gas to make up half of its total output by 2035 …
United States
ConocoPhillips Pulls Request for Extension of Flaring Permits at 41 Texas Sites
U.S. oil and gas producer ConocoPhillips withdrew a request to extend flaring permits at 41 of its sites in West Texas.
China
China's National Oil Companies Outline Early Green Energy Plans
China's top state oil and gas producers - PetroChina, Sinopec Corp and CNOOC Ltd are working on the following green initiatives.
Oil & Gas Trade
Russia's Gazprom Starts LPG Supplies to Crimea Via New Bridge
Russian state gas producer Gazprom has started direct rail shipments of liquefied petroleum gas (LPG) via a new bridge to the Crimea peninsula which Moscow anne…
Oil & Gas Trade
Ukraine to Increase Domestic Natural Gas Production
Ukraine’s largest natural gas producer, Ukrgasvydobuvannya, will increase domestic natural gas production, reduce the country’s dependency on imports and impr…
Oil&Gas Drilling
Global Oilfield Services Under Pressure from Oil Price Drop
Exploration-focused oilfield service companies will face the largest demand decline as a result of oil and gas producers cutting their capex and operating expen…
Oil Shale
America:Chesapeake Files for Bankruptcy Protection
Chesapeake Energy, the once-mighty natural gas producer, filed for bankruptcy protection today.
Beach Energy Vows to Defend Itself After US Drilling Company Lobs Suit
Bankrupt Diamond Offshore Drilling has sued ASX-listed oil and gas producer Beach Energy for abruptly terminating a $US65 million ($101 million) drilling contra…
Clean emission
Royal Dutch Shell Commits To Net Zero Emissions By 2050
Royal Dutch Shell PLC, one of the world's largest oil and gas producers, on Thursday promised to become net carbon neutral by 2050 at the latest.
Oil & Gas Trade
Oil Bankruptcies Are Reaching Worrying Levels
Law firm Haynes and Boone recently released its updated Energy Bankruptcy Reports. These reports cover North American oil and gas producers, oilfield services a…
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