Asia set to drive global PET capacity additions by 2025
Global Polyethylene Terephthalate (PET) capacity could register total growth of 18% from 2020 to 2025.
Investment
Where is the offshore oil and gas industry focusing its cloud hiring efforts?
Companies are increasingly hiring for cloud roles in the oil & gas sector, but some...
Adnoc revives Hail and Ghasha sour gas scheme
Abu Dhabi National Oil Company (Adnoc) has issued notifications for design work on the multibillion-dollar...
ESG is an opportunity for oil and gas companies
Oil and gas companies will need effective governance to steer themselves as conventional hydrocarbon activity...
Karoon Energy takes FID to develop Patola Project offshore Brazil
The Patola field development is expected to involve an investment of up to $195m and...
Oil and gas production from the DJ Basin play expected to witness a slow recovery
GlobalData’s latest report, ‘DJ Basin in the US, 2021 – Oil and Gas Shale Market Analysis and Outlook to 2025’ provides a comprehensive review of hydrocarbon appraisal and development in the Denver Julesburg (DJ) Basin...
Equinor swings to profit of $1.85bn in Q1 and plans to raise dividends
Boosted by higher oil and gas prices, Equinor posted a net income of $1.85bn for the first quarter of 2021, in contrast to a $705m loss a year ago.
Aker BP report returns to profit in Q1 on higher prices and production
Aker BP has posted a net profit of $127m for the first quarter of 2021 compared with a net loss of $335m a year ago.
Equinor and partners agree on Troll West electrification
Equinor and its other partners have agreed to advance with the electrification of Troll West, a part of one of the largest oil and gas fields in the Norwegian sector of the North Sea.
ExxonMobil pitches plan for $100bn carbon storage project
ExxonMobil has proposed a public-private carbon capture and storage (CCS) project, which would require an investment of more than $100bn.
Mexico still needs international investment to either maintain the growing trend or stabilise its production level, despite positive oil production growth in 2020
Crude oil production in Mexico is forecasted to grow by 10% from 1,740 barrels per day (bpd) in 2020 to 1,920bpd in 2023.
