As the reservoir pressure of the Jansz-Io field declines after years of production, compression infrastructure is required to enhance the recoverability of the field. SourceContinue Reading
Climate policy is a hot topic in the oil and gas industry, with the theme ‘Climate Change’ mentioned over 210,000 times in GloblaData’s Filing Analytics database of global oil and gas company filings in 2020 and 2021 combined – a 41% increase from the 2018-2019 period. SourceContinue Reading
UK oilfield service provider Petrofac Ltd. must pay a $95 million penalty by a London judge for failing to prevent bribery between 2011 and 2017. SourceContinue Reading
European banks are beginning to drop clients that pose a climate risk rather than face the possibility of higher capital requirements, according to the watchdog overseeing the development. SourceContinue Reading
Qatar ordered four new liquefied natural gas tankers worth more than 2.8 billion rials ($762 million) from a Chinese shipbuilder, as demand for the fuel booms. SourceContinue Reading
The OPEC+ cartel’s production policy will be the main factor influencing oil prices over the coming months, according to Vitol Group. SourceContinue Reading
The global energy crunch could help propel oil prices above $100 a barrel for the first time since 2014 and spur a global economic crisis, according to Bank of America. SourceContinue Reading
China’s central government officials ordered the country’s top state-owned energy companies — from coal to electricity and oil — to secure supplies for this winter at all costs, according to people familiar with the matter. SourceContinue Reading
The deal includes all INEOS Oil and Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf and continues to rebalance INEOS’ oil and gas portfolio. SourceContinue Reading
