Oil

Oil Price

Aramco’s Profit Soars 46% To Record $161BN on Higher Oil Prices

Aramco oil tanks in Abqaiq, Saudi Arabia. The state energy company will raise crude production to 13 million barrels per day by 2027.Saudi Aramco, the world'…

Oil Price

Biden Sets Sights on Scrapping Oil and Gas Subsidies

The Biden administration is planning to eliminate subsidies for the oil and gas industry in its next budget, Reuters has reported, citing a White House document…

Oil&Gas Drilling

Eco Atlantic Notes Africa Oil Corp. Compliant Report on Offshore South Africa Exploration Blocks

(WO) – Eco (Atlantic) Oil & Gas Ltd., the oil and gas exploration company focused on the offshore Atlantic Margins, has noted Africa Oil Corp.’s pub…

Energy Technology

Great Resonance at Geotherm 2023--Technical Lecture on “Smart Monitoring”

Thank you very much for visiting our booth and attending our presentation at GeoTHERM 2023, announced Adam Waniek, Sales & Marketing Manager at Oil Dynamics Gmb…

Hydropower Plant

New Center of Competence for Generator Components Opened by Voith Hydro

Voith Hydro has opened a new center of competence for generator components in Bosnia and Hercegovina to serve western markets, from North and Latin America to E…

Natural Gas

China, Vietnam Lead Markets With Most Gas Plant Build-Out: Report

The gas capacity across the globe grew by 22% YoY in 2022.China and Vietnam led the markets with the most gas-fired power plant build-out in 2022, Global Energy…

Natural Gas

Ceraweek: Collapse in Us Natural Gas Prices Dents Market for Shale Deals

(Reuters) — This year's freefall in U.S. natural gas prices has upended the acquisitions market for gas producers and spooked investors that lined up to bu…

Oil Pipeline

Reelwell as Announces Frame Agreement With Equinor to Provide Drill Pipe for Their Operations

The company has announced the signing of a frame agreement with Equinor ASA to provide DualLink™ powered and wired drill pipe for their operations, ahead …

Energy Security

German Minister: Nord Stream Attacks May Be ‘False Flag’ Operation

STOCKHOLM (Reuters) - German Defence Minister Boris Pistorius on Wednesday warned against reaching premature conclusions on who was responsible for blowing up t…

Geothermal Power Plant

PhD Opportunity – Re-Use of Abandoned Wells for Geothermal, Gfz Potsdam, Germany

GFZ Potsdam, Germany (source: flickr/ CAMPUS OF EXCELLENCE, creative commons)The Helmholtz Centre Potsdam – GFZ in Potsdam, Germany has an open PhD positi…

Oil Refinery

Hyundai Engineering Secures Advantageous Position From Oil Refinery Construction in Indonesia

An aerial photo of Balikpapan Oil Refinery built by Hyundai Engineering in East Kalimantan on Borneo Island, IndonesiaThe Balikpapan Oil Refinery, built by Hyun…

LNG

Shell and Equinor Complete LNG Project Negotiations With Tanzania

Tanzania’s Ministry of Energy has announced on Twitter that the negotiations for the construction of a $30 billion liquefied natural gas (LNG) terminal be…

LNG

DUH Objects to Planned Pipeline for the LNG Terminal off Rügen in Germany

Archive / Courtesy of Deutsche ReGasThe German Environmental Aid (Deutsche Umwelthilfe – DUH) has objected to the construction of a pipeline to connect th…

Oil&Gas Drilling

Market Insights on Offshore Drilling Riser & Up-To-Date Key Trends

The global offshore drilling riser market was estimated to reach a valuation of USD 3.8 Billion in the year 2022. With a steady CAGR of 2.2% from 2023 to 2033, …

Natural Gas

Europe’s Gas Storage Levels Forecast to Finish Winter Higher Than 2020

Modelling from Cornwall Insight suggests European gas storage levels will end this winter between 45-61% full, with an average of 55% and could reach 88-100% fu…