The industry body for the UK offshore energy industry welcomed the UK Government’s decision to change the Energy Profits Levy in response to concerns from the country’s offshore oil and gas companies. SourceContinue Reading
Shape the future of energy at the 24th World Petroleum Congress 2023 Technical Conference. Abstracts will be accepted if submitted before Thursday, July 7. SourceContinue Reading
OPEC Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the OPEC+ alliance, has died in his native Nigeria. He was 63. SourceContinue Reading
Frac sand, which gets blasted through shale rocks to unlock oil and natural gas, is averaging $55 a ton, up from $22 at the end of 2021. Demand is climbing as oil explorers turn the taps back on after Covid-driven cutbacks. SourceContinue Reading
A set of reports due to be published in the coming months will show how companies in the UK’s offshore oil and gas industry supply chain can expand to cleaner energies, including carbon capture, usage and storage (CCUS), hydrogen and offshore wind. SourceContinue Reading
For over 20 years, the World Oil Awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized changes in technology that have made a lasting impact. Nominations for this year’s awards will be accepted through this Saturday, July 9, at midnight CST. SourceContinue Reading
Urgent moves to bring forward the construction of “energy islands” – giant new offshore renewable energy conversion and transmission plants – are being supported by a major new safety advisory and assurance study. SourceContinue Reading
West Texas Intermediate crude futures dropped as much as 10%, the most since March 9, while oil headed for its worst trading day in almost three months as recession fears iced markets, outweighing a fundamentally tight supply market. SourceContinue Reading
Varel Energy Solutions (VES) announced it has acquired Sledgehammer Oil Tools, an international leader in the supply of oilfield casing, cementing and completion products. SourceContinue Reading
Abu Dhabi National Energy Company PJSC (TAQA), one of the largest utilities in Europe Middle East and Africa, completed the strategic review of its oil and gas business announced in September 2021. SourceContinue Reading
