IEA predicts increase in oil and gas consumption by 2050
The International Energy Agency's (IEA) World Energy Outlook predicts an increase in oil and gas consumption through 2050, with the …
Post
-
-
Equinor completes $2.33bn sale of 40% stake in Peregrino field
Equinor has completed the sale of its 40% operated interest in Brazil’s Peregrino field to local oil and gas company …
-
Align with international AI regulation for long-term competitive advantage – analysis
Regardless of fragmented and delayed global AI regulation, companies that already align with international standards will have an advantage over their competitors when regulation …
-
TotalEnergies gains operatorship of Block S4 offshore Guyana
TotalEnergies has received the operatorship of shallow-water Block S4 off Guyana via a five-year production sharing contract (PSC) with Guyana’s …
-
Petros to expand oil and gas exploration and carbon storage in Sarawak
Petroleum Sarawak Berhad (Petros) has formalised agreements with international partners to expand onshore oil and gas exploration and advance carbon …
-
Russian companies agree to sell stake in Serbian refiner NIS
Russian oil companies Gazprom Neft and Gazprom have agreed to sell their controlling stake in Petroleum Industry of Serbia (NIS) …
-
Equinor and partners announce North Sea well 34/6-9 S as dry
Norwegian oil and gas company Equinor and its partners have completed drilling wildcat well 34/6-9 S in the North Sea, …
-
Trump administration proposes new California offshore oil leases
The Trump administration plans to propose oil drilling leases off the coast of California, opening up the region within decades, …
-
Lukoil declares force majeure at Iraqi oilfield after US sanctions
Russian oil producer Lukoil has declared force majeure on oil shipments at its West Qurna-2 oilfield in Iraq, reported Reuters, …
-
Buccaneer Energy’s Allar 1 well yields no commercial oil or gas
Buccaneer Energy has announced that its Allar 1 well, drilled in the Fouke area of the Pine Mills Field in …
-
TMC Compressors wins contract for MODEC’s Gato do Mato FPSO project
Norway-based TMC Compressors has been chosen to deliver a high-capacity marine compressed air system for MODEC’s new floating production storage and …
-
3D Energi announces update on Essington-1 gas well operations
Australian oil and gas company 3D Energi has announced updates on ongoing drilling at the Essington-1 gas exploration well in …
-
EnQuest secures $800m reserve-based lending package
UK-based independent oil and gas company EnQuest has signed new senior secured reserve-based lending (RBL) facilities totalling $800m (£607.55m). The six-year …
-
US finalises offshore oil lease sales in Gulf of Mexico and Alaska
The US Government is set to auction oil and gas drilling rights across nearly 80 million acres in the Gulf …
-
Japan to increase monthly LNG purchases for emergency reserves
Japan is set to start purchasing liquefied natural gas (LNG) for its emergency reserves every month from January 2026, reported …
