Following the instruction from President Xi Jinping to boost national energy security, a...
Energy firms to boost investments in Chinese oil and gas
Following the instruction from President Xi Jinping to boost national energy security, a group of major Chinese energy companies has pledged to expand their domestic oil and gas production, with a greater focus on natural gas supplies, in particular.
Oil giants granted exclusive rights for Block 5 offshore Mozambique
The Government of Mozambique has approved a series of contracts giving exclusive concession rights to major oil companies to explore Block 5 for oil offshore Mozambique, after concluding four years of negotiations, disrupted by delays.
Quarterly equipment and services capital raising review – Q2 2018
GlobalData’s latest report, ‘Quarterly Equipment and Services Capital Raising Review – Q2 2018’, shows that global raising activity in the equipment and services sector totalled $10.9bn in Q2 2018. This was a decrease of 48% from the $20.8bn in capital raising deals announced in Q1 2018. On the volume front, the number of capital deals decreased by 12% from 102 in Q1 2018 to 90 in Q2 2018.
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The Worldwide Offshore Accident Databank (WOAD)
WOAD is a repository of information on accidents occurring in the offshore oil and gas industry. The initiative to start collecting this information began in the mid-1970s.
China’s upstream industry shifts focus to domestic natural gas
Chinese national oil companies (NOC), CNPC, Sinopec and CNOOC, operate more than 90% of China's producing oil fields.
Tackling gas releases in the North Sea
As the thirtieth anniversary of the Piper Alpha disaster approaches, the Health and Safety Executive has written to oil and gas operators about the number of gas releases in the industry. It is concerned that a lack of leadership is leading to leaks which could ignite and explode. What more can be done to prevent another disaster?
Mozambique Rovuma submits development plan for LNG Phase I
Mozambique Rovuma Venture, a joint venture (JV) owned by ExxonMobil, Eni and CNPC, has submitted the Rovuma LNG Phase I offshore Mozambique development plan to the government.
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