President His Highness Sheikh Mohamed bin Zayed Al Nahyan has presided over the annual meeting of the ADNOC Board of Directors. His Highness highlighted ADNOC’s important role as a primary catalyst for the UAE’s growth and diversification SourceContinue Reading

bp and its partners have approved a $7 billion investment in the Tangguh Ubadari, CCUS, and Compression (UCC) project in Papua Barat, Indonesia. The development is expected to unlock around 3 trillion cubic feet of additional gas resources, aiming to meet the rising energy demand in Asia. SourceContinue Reading

Researchers from the University of Oklahoma, Los Alamos National Laboratory, along with industry partners, have been awarded an $18.7 million grant from the U.S. Department of Energy to investigate commercial subsurface storage of carbon dioxide (CO2). SourceContinue Reading

The contract, worth approximately $1.2 billion, covers the development of offshore facilities for natural gas production, CO2 capture, utilization, and storage (CCUS) as part of the Tangguh UCC project. SourceContinue Reading

Norway’s Shearwater Geoservices has received a letter of award from India’s state-owned Oil & Natural Gas Corporation for a large 3D seismic survey off the east coast of India. SourceContinue Reading

Exxon says U.S. oil producers won’t significantly boost output under Trump, despite calls to “drill, baby, drill,” citing economic priorities over political changes. SourceContinue Reading

(Bloomberg) – A harsh winter would push Asian and European consumers into competition for the same gas as supplies of the fuel are stretched, according to Equinor ASA. Plans for oil production from the Norwegian continental shelf remain unchanged, says Equinor. SourceContinue Reading

President-elect Trump’s pro-energy agenda includes fast-tracking permits for stalled LNG projects, reversing Biden-era regulatory pauses and increasing leases on federal land for gas production. This could strengthen the sentiment around global LNG supply after years of uncertainty. SourceContinue Reading

An average of 13.4 million bpd of crude oil was produced in the United States during August 2024, a new record according to data from the U.S. Energy Information Administration Petroleum Supply Monthly. SourceContinue Reading

(Bloomberg) – OPEC+ has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the U.S. shale industry, Iran’s representative to the group said. SourceContinue Reading