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Oil and gas
Oil Field
118,500 Oil & Gas Wells To Be Drilled Worldwide Through 2022
After a challenging 2020, the oil and gas demand recovery – supported by vaccination efforts and OPEC+ supply cuts – is proving good for drilling activity.
Oil Exploration
Adnoc and Petronas Agree to Explore Oil and Gas Opportunities in Abu Dhabi
The two state oil companies will look at exploration and production possibilities in the emirate
Oil Field
EnQuest Starts Shutting Down Don Fields in North Sea
UK oil and gas company EnQuest has started the cessation of production activities on the Northern Producer floating production facility at the Don fields in the…
Oil Exploration
Seven Oil Players Apply for Production Licences off Norway
Seven oil and gas companies have applied for production licences in the 25th licensing round on the Norwegian shelf, Norway’s Ministry of Petroleum and Energy …
Natural Gas
Turboden and Siemens Energy Upgrade Gas Compressor Station in Egypt
Turboden, a Mitsubishi Heavy Industries Group company, has been selected to supply a high-temperature Organic Rankine Cycle system to GASCO’s Dahshour gas comp…
Oil and Gas Equipment
Installation of Domestically Developed Gas Station Starts in South China Sea
The project will supply one-quarter of the gas demand in the Guangdong-Hong Kong-Macao Greater Bay Area.
Oil and Gas Equipment
Ukraine’s Exchange Launches Gas Storage Trading
Ukraine's energy exchange UEEX plans to introduce trading products for gas held in underground storage facilities under the customs-free warehouse regime from l…
Oil & Gas Trade
Nigeria's Crude Oil Exports Hit Three-Year Low
West Africa's oil exports slumped to the lowest level in at least three years last month as infrastructure woes for some of Nigeria's biggest streams combined w…
United Kingdom
BP Profit Sinks As Epidemic Pummels Demand
On annual basis, BP sunk to a loss of $5.7 billion, its first in a decade after it wrote down the value of oil and gas assets by $6.5 billion as a result of sha…
Oil Field
Petrobras Inks Deals for Sale of Shallow-Water Fields
Brazilian oil and gas giant Petrobras is selling its whole interest in two shallow-water fields located in the Espírito Santo Basin offshore Brazil.
Natural Gas
Energean Could Push Back First Gas from Karish to 2022
Oil and gas company Energean has informed that first gas from its Israeli fields could start flowing in the first quarter of 2022, instead of the current target…
Net Zero Emission
Japan Energy Firm Inpex Sets 2050 net Zero Emission Goal
The move comes after Japanese Prime Minister Yoshihide Suga pledged to make Japan carbon-neutral by 2050 and with global oil and gas companies shifting away fro…
Offshore Wind Power
Croatian Oil & Gas Company Eyeing Offshore Wind in the Adriatic Sea
Croatian oil and gas company INA-INDUSTRIJA NAFTE, d.d. plans to diversify into renewable energy and is specifically considering offshore wind and solar energy …
Crude Oil
Make in India Boost, Oil Cess may be Halved
The government may give a 'Make in India' push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage…
Oil Exploration
Eni Gets New Licence in UK North Sea
Italian oil and gas company Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licens…
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