Oil and gas

Oil & Gas Trade
Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf
According to the Norwegian Ministry of Petroleum and Energy, the greenlighted projects in the North Sea and the Norwegian Sea include new developments, further …
Oil & Gas Trade
Investment of $75BN Needed to Reduce Oil and Gas Methane Emissions by 2030, IEA Says
Burning methane from oil production near Watford City, North Dakota. Fossil fuels made up nearly 82 per cent of the total global energy supply in 2022. APInvest…
Oil Exploration
Italy's Eni Nears $5BN Deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar wit…
Oil & Gas Supply
Suriname President Santokhi Wants His Country to Be Among Top Oil-Producing Countries
ARAMARIBO, Suriname, Jun 20, CMC — The third edition of the Suriname Energy, Oil and Gas Summit (SEOGS) has started here with President Chandrikapersad "Chan" …
Oil&Gas Drilling
Totalenergies Announces Oil, Gas Discovery Offshore Nigeria
TotalEnergies announced Tuesday the discovery of Ntokon oil and gas on OML102 offshore Nigeria.The company, in a statement published on its website, said the we…
Crude Oil
As Profit From Renewables Dwindle, Shell Returns to Crude Oil
Shell will keep oil output steady or slightly higher into 2030 as part of the Chief Executive Officer, Wael Sawan’s, efforts to regain investor confidence…
Crude Oil
Matahio Energy completes acquisition of onshore assets in New Zealand
TARANAKI, New Zealand, June 6, 2023 - (ACN Newswire) - Matahio Energy has completed the acquisition of a portfolio of six onshore oil and gas licenses in the Ta…
Oil Exploration
New Mexico Land Commissioner Issues Oil and Gas Moratorium on New Drilling
ALBUQUERQUE, N.M. – State Land Commissioner Stephanie Garcia Richard signed a moratorium preventing new leases for oil and gas drilling operations within …
Geothermal Heating Project
Transgeo Project Aims to Transform Abandoned Wells for Geothermal
The EU-funded TRANSGEO project aims to develop concepts and technologies that will help repurpose oil and gas infrastructure for geothermal applications.
Offshore Wind Power
Fossil Fuel Dinosaurs Spot Major Opportunity in Australian Offshore Wind
Image: OrstedThe ASX-listed Beach Energy oil and gas company is considering a strategic pivot into Australian offshore wind development, and has tied up with le…
Oil Exploration
ExxonMobil: Africa to Remain Relevant in Oil Exploration in Years to Come BUSINESS | 2 hours ago
ExxonMobil will continue the search for big new oil and gas fields that can help fund alternative energy sources such as LNG and renewables, even as the thresho…
Offshore Wind Power
Australian Oil and Gas Company Beach Makes Move Into Offshore Wind
Image: EDF Renewables.Australian oil and gas company Beach makes move into offshore windShareTweetAustralian oil and gas company Beach Energy has made its first…
Oil & Gas Supply
Energy Minister: ‘We Will Never License Oil and Gas Development in the UK That Isn’t Compatible With Net Zero'
Graham Stuart insists new oil and gas licenses are compatible with UK climate goals, as he argues UK can continue to attract green investment without engaging i…
Hydrogen Production
OMV Petrom Receives Funding for Hydrogen Production Facility in Romania
Romanian oil and gas company OMV Petrom has secured financing of up to EUR 39 million under the National Recovery and Resilience Plan for the construction of a …
Crude Oil
Saudi Oil Minister Warns Market Speculators to ‘Watch Out’ Ahead of OPEC+ Meeting
Saudi Oil Minister Prince Abdulaziz bin Salman on Tuesday told market speculators to watch out, reiterating his warning that they could face pain ahead.Speculat…

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Oil and gas

Norway Approves $18.5BN Oil and Gas Projects on Norwegian Continental Shelf

Investment of $75BN Needed to Reduce Oil and Gas Methane Emissions by 2030, IEA Says

Italy's Eni Nears $5BN Deal for Neptune Energy

Suriname President Santokhi Wants His Country to Be Among Top Oil-Producing Countries

Totalenergies Announces Oil, Gas Discovery Offshore Nigeria

As Profit From Renewables Dwindle, Shell Returns to Crude Oil

Matahio Energy completes acquisition of onshore assets in New Zealand

New Mexico Land Commissioner Issues Oil and Gas Moratorium on New Drilling

Transgeo Project Aims to Transform Abandoned Wells for Geothermal

Fossil Fuel Dinosaurs Spot Major Opportunity in Australian Offshore Wind

ExxonMobil: Africa to Remain Relevant in Oil Exploration in Years to Come BUSINESS | 2 hours ago

Australian Oil and Gas Company Beach Makes Move Into Offshore Wind

Energy Minister: ‘We Will Never License Oil and Gas Development in the UK That Isn’t Compatible With Net Zero'

OMV Petrom Receives Funding for Hydrogen Production Facility in Romania

Saudi Oil Minister Warns Market Speculators to ‘Watch Out’ Ahead of OPEC+ Meeting