Gas

Crude Oil

Make in India Boost, Oil Cess may be Halved

The government may give a 'Make in India' push to oil and gas explorers, as it is considering a proposal to almost halve cess on domestic crude oil to encourage…

Crude Oil

Only 36% Of Russia’s Oil Reserves Are Profitable

Only 36 percent of Russia's recoverable crude oil reserves can turn a profit in the current market, Deputy Energy Minister Pavel Sorokin said in an article for …

Gas power plant

China First Floating Natural Gas Power Plant Officially Enters the Implementation Stage

It marks that China's first floating natural gas power plant has officially entered the implementation stage.

Oil Field

Video: Tarim Oilfield Supplies over 270 bln Cubic Meters Gas to East China

Tarim Oilfield in Xinjiang, NW China, has supplied over 270 billion cubic meters of natural gas to 15 provinces and regions via the country's West-to-East gas p…

Oil Exploration

Russia’s Gazprom and LUKOIL Mull JV for Developing Fields in Nenets Area

The Vaneyvisskoye and Layavozhskoye fields have the aggregate recoverable reserves of 27.4 million tons of liquid hydrocarbons and 225.3 bcm of natural gas

Oil & Gas Trade

IMF Sees Oil Prices Averaging $50 In 2021

Oil prices are set to average $50 per barrel for 2021, rising by 20 percent from the average last year, but still well below the average for 2019

Liquid Hydrogen

Kawasaki Heavy To Start Liquid Hydrogen Shipments Spring 2021

Japan’s Kawasaki Heavy Industries is aiming to replicate its success as a major liquefied natural gas (LNG) tanker producer with hydrogen, a key element that m…

Hydrogen Fuel Stations

100 New Hydrogen Pumps Planned for the US

100 new hydrogen pumps could be installed at 100 existing gas stations in the US, as a result of a new deal between PowerTap Hydrogen Fuelling and the Andretti …

Oil&Gas Drilling

Biden Readies Ban On New Oil, Gas Drilling On Federal Lands

U.S. President Joe Biden is expected to sign on Wednesday an executive order directing federal government agencies to determine the extent of a ban on new drill…

Oil Price

Covid-19 will Speed up Global Energy Transition and Dampen Oil Prices

All forms of energy needed' to meet 45% rise in energy demand by 2045.

Oil Exploration

Eni Gets New Licence in UK North Sea

Italian oil and gas company Eni has been awarded a new production licence in the UK North Sea, resulting from an application made in the 32nd UK Offshore Licens…

Oil&Gas Drilling

Santos Gearing up for New Well Offshore Australia

Australian oil and gas giant Santos has filed an environmental plan for exploration drilling of the Dancer-1 well, located offshore Australia, to Australian aut…

Crude Oil

Libya Oil Comes Back to Life but with Fragile Infrastructure

Libya is now producing 1,224 million barrels per day — a tenfold increase from a 121,000 bpd average in the third quarter of 2020, before the ceasefire deal.

Oil&Gas Drilling

Oil Major BP Significantly Downsizes Oil Exploration Division

As part of its ambition to reduce oil and gas production and raise investments in clean energy, BP has been cutting staffing levels at its oil and gas explorati…

Oil Field

China Locates Oil and Gas Field in South China Sea

China has located an offshore oil and gas field in the South China Sea, according to the China National Offshore Oil Corporation on Monday.