Oil

Oil&Gas Drilling

Oman’s State Energy Company OQ Plans to List Drilling Unit Abraj in Muscat

Oman’s state energy company OQ plans to sell up to 49 per cent stake in its drilling unit, Abraj Energy Services, through an initial public offering, beco…

Natural Gas

Arktika Nuclear Icebreaker Escorted Vladimir Voronin Gas Carrier Through Difficult Parts of Northern Sea Route.

The lead universal nuclear icebreaker, the Arktika, took the Vladimir Voronin gas carrier under escort in the eastern part of the Laptev Sea, north of the New S…

Oil Exploration

All-Systems-Go for Equinor to Deploy Shelf Drilling Rig at North Sea Oil & Gas Field

Norwegian state-owned energy giant Equinor has received consent from the country’s offshore safety regulator to use one of Shelf Drilling’s jack-up …

Carbon capture

Adnoc Starts Work on New Carbon Capture Storage Project

Adnoc said the project marks another step in its plan to reduce its carbon intensity by 25 per cent by 2030. Photo: AdnocAdnoc has begun work on a project to in…

Oil & Gas Trade

Global Oil Demand Will Surge to Record This Year as China Reopens, Iea Says

A drilling platform at Norway's giant offshore Johan Sverdrup field.Global oil demand will surge to a record this year following the end of coronavirus rest…

Oil & Gas Trade

Oil Giant Aramco Says Windfall Taxes ‘Not Helpful’ and Could Stifle Decarbonization

KEY POINTSPolicymakers in a number of countries are calling for windfall taxes on major oil and gas companies, many of which saw record profits in the last year…

Oil&Gas Drilling

UK Firm Chosen to Drill Well Offshore Isle of Man

Isle of Man-based Crogga Limited has awarded Aberdeen-based energy services company THREE60 Energy with a contract to drill an appraisal well this year in the C…

Oil & Gas Trade

OPEC Stands by 2023 Oil Demand Forecast Amid Improving Outlook in China

Opec says it is holding to its forecast demand for crude this year despite forces arraying against it. ReutersOpec stuck to its global oil demand forecast for t…

Oil Exploration

Totalenergies to Invest $1 Billion in Oil Development Offshore Brazil

(WO) — TotalEnergies has approved the final investment decision of the Lapa South-West oil development in the Santos Basin, 300 km off the coast of Brazil.offs…

Natural Gas

Enagás Buys Stake in UK-Netherlands Subsea Gas Pipeline Operator

Spanish energy company Enagás has reached an agreement with Germany’s Uniper to acquire a 20% stake in the Dutch BBL Company, an owner of a 235-kilometre subs…

Thermal Plant

MHI Signs MoU to Collaborate in Feasibility Studies on Ammonia Co-Firing for Power Generation in BLCP Power Station

-- Studies Aim to Achieve 20% Co-Firing at a Coal-Fired Thermal Power Plant; Includes Procurement and Utilization of the Fuel --- MHI to consider burners and ot…

Qatar

Russian Gas Will Eventually Return to Europe as Nations ‘Forgive and Forget,’ Qatari Energy Minister Says

On Friday, Russian energy supplier Gazprom said it would not resume its supply of natural gas to Germany through the key Nord Stream 1 pipeline, blaming a malfu…

Energy Security

Quick Fix Completed at Gas Pipeline Incident Site in Lithuania

Lithuania’s gas pipeline operator Amber Grid has completed remedial work on the gas trunk line that caught fire on Friday afternoon, with images of flames…

Crude Oil

Keppel Offshore & Marine Former Senior Managers Escape Prosecution for Bribery Scandal

Six former senior officials of Singapore’s Keppel Offshore & Marine have escaped prosecution on corruption charges relating to Brazil’s Operation Ca…

Oil&Gas Drilling

New Year Sees Rousing Start to Offshore Drilling Market

NEW YORK CITY – Offshore drilling contractors have had a great start to 2023, as they have kicked off the new year with 26 rig contracts (17 jackups, 9 fl…