Sultan Ahmed Al-Jaber concedes that fossil fuel phasedown “is inevitable”
COP28 president and CEO of the United Arab Emirates’ (UAE) oil giant Adnoc has conceded that the fossil fuel phasedown …
GlobalData poll indicates a strong optimism towards upcoming upstream projects
The oil and gas industry outlook is hinged on energy demand patterns that could see alterations with the ongoing efforts …
Prax Group acquires UK oil producer Hurricane Energy
UK-based Prax Exploration & Production has closed the acquisition of oil producer Hurricane Energy for $300.6m (£249m). As per the deal, …
BCP Resources buys Permian basin assets from Chord Energy
BCP Resources, a US-based oil exploration and production company, has announced the acquisition of Permian basin assets from a subsidiary of Chord …
UK Government agrees on windfall tax floor
The UK Treasury has announced the suspension of the country’s windfall tax if energy prices drop to a certain level. …
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TGS and SLB start Engagement Phase 4 in Gulf of Mexico
Norway-based seismic survey company TGS and oilfield services company SLB have started Engagement 4 Ocean Bottom Node (OBN) multi-client acquisition …
Germany and Italy support gas pipeline project
The governments of Italy and Germany have agreed to move ahead with the construction of a proposed gas pipeline, reported …
Pakistan signs TAPI pipeline plan with Turkmenistan
Pakistan has signed a joint implementation plan with Turkmenistan to execute the planned Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project, reported ARY …
Aker BP secures development plan approval for Tyrving field
Aker BP has received plan for development and operation approval for the Tyrving field in the Alvheim area of the …
Who’s saying what? Internet of Things mentions in company filings of oil & gas industry increased by 22% in Q1 2023
The global oil & gas industry experienced a 22% rise in company filings mentions of internet of things in Q1 …
Who’s saying what? Cloud mentions in company filings of oil & gas industry increased by 51% in Q1 2023
The global oil & gas industry experienced a 51% rise in company filings mentions of cloud in Q1 2023 compared …
Who’s hiring who? Hiring activity in the European oil and gas industry increased by 1% in Q1 2023
The European oil and gas industry experienced a 1% rise in new job postings in Q1 2023 compared with the …
Asia to dominate global ethylene glycol capacity additions by 2027
Global ethylene glycol capacity is poised to see considerable growth over the next five years, potentially increasing from 56.97 mtpa …
Wood Group expands fossil fuel business despite $600m “green transition loan”
International engineering company Wood Group has seemingly expanded its fossil fuel business despite receiving a $600m (£478.29m) UK Government-backed “green …
Shell plans to sell household energy supply arm
Oil and gas giant Shell plans to sell its household energy supply businesses in the UK, Germany and the Netherlands, …