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Benchmark Energy completes acquisition of Anadarko Basin assets
Benchmark Energy II, which is majority owned by Acacia Research, has closed the acquisition of certain upstream assets and related …
Vår Energi makes new oil discovery in Balder area
Norwegian oil and gas company Vår Energi has announced the discovery of oil in the Balder area of the central …
Asia to dominate global PTA capacity additions by 2028
Global purified terephthalic acid (PTA) capacity is poised to see considerable growth over the next four years, potentially increasing from …
Texas regulator fines Freeport LNG $152,000
The Texas environmental regulator has fined liquified natural gas (LNG) exporter Freeport LNG $152,173 for violating state air pollution emissions …
BP begins oil production from key field offshore Azerbaijan
British energy giant bp has commenced oil production at the new ACE platform in the Azerbaijan sector of the Caspian Sea. The …
Texas regulator fines Freeport LNG $152,000
The Texas environmental regulator has fined liquified natural gas (LNG) exporter Freeport LNG $152,173 for violating state air pollution emissions …
BP begins oil production from key field offshore Azerbaijan
British energy giant bp has commenced oil production at the new ACE platform in the Azerbaijan sector of the Caspian Sea. The …
IMF warns tensions in Middle East could cause sharp increase in oil prices
The IMF has warned that the Middle East tensions could lead to higher oil prices, an increase in inflation, and …
OPEC considers Namibia for membership
Having lost Angola and other players in recent years, the OPEC+ oil producers’ group is considering Namibia for membership, an …
India’s GAIL plans to double capacity of Dabhol LNG terminal
Indian state-owned natural gas company GAIL is planning to more than double the capacity of its LNG terminal at Dabhol, …
Netherlands passes law to permanently shut Groningen gas field
The Dutch Senate has passed a law to permanently close the Groningen gas field, marking the end of an era …
Digital twin market to surpass $150bn by 2030, impacting many industries
The digital twin market will be worth $154bn by 2030 having expanded at a compound annual growth rate of 35.6% …
Gazprom makes second delivery of LNG to Spain
Russia’s state-run energy company, Gazprom, has delivered its second shipment of LNG from its small-scale Portovaya LNG plant on the …
US will not ease oil sanctions until Venezuela conducts fair elections
The US Government will not renew a temporary licence for Venezuela’s oil and gas sector unless the country’s President Nicolas …
Oil and gas storage solutions for the offshore industry
The offshore sector uses different types of oil and gas storage solutions for storing resources extracted from offshore fields. Offshore …