Indian Oil Corp., the country’s biggest refiner, said it plans to spend 2 trillion rupees ($25 billion) to achieve carbon neutrality in its operations by 2046. SourceContinue Reading
Latest analysis from Westwood Global Energy Group reveals a healthy recovery roadmap for the global land rig market, driven by higher commodity pricing and mounting pressures around energy security. SourceContinue Reading
Shell Plc, ExxonMobil Corp., Chevron Corp. and Equinor ASA plan to withdraw multibillion-dollar lawsuits against Nigeria’s state energy company after finalizing new terms for deepwater oil production in Africa’s largest crude producer. SourceContinue Reading
The Bonaparte CCS Assessment joint venture between TotalEnergies, INPEX and Woodside has been awarded a permit off the northwest coast of Australia to carry out appraisal work on block G-7-AP, which is considered a promising area for geological storage of CO2. SourceContinue Reading
New figures show domestic gas production in the first half of 2022 was 26% higher than the same period in 2021, which is enough to heat almost 3.5 million UK homes for a year. SourceContinue Reading
ADNOC Drilling Company signed a sale and purchase agreement to acquire an additional premium offshore jack-up drilling unit (rig) for $70 million. SourceContinue Reading
Neptune Energy has begun an infill drilling campaign at its operated Cygnus gas field in the southern North Sea, with the potential to unlock enough gas to heat an additional 200,000 UK homes per year from this winter. SourceContinue Reading
Saudi Arabia’s oil exports reached $31 billion in June, the highest in at least six years, driven by a rally in prices and rising production. SourceContinue Reading
At a time when global oil markets are experiencing significant volatility, member countries of OPEC+ have the means to address these challenges, and Equatorial Guinea will continue to support efforts to improve market stability. SourceContinue Reading
