Oil

Oil Exploration

Eni Announces a New Light Oil Discovery in Block 15/06, Offshore Angola, Through “ILX” Exploration Strategy

Eni has made a new light oil discovery in Block 15/06, in Angola’s deep offshore.

Battling Bovine Belching: Measuring Methane Eemissions from Cows

Taken from the April 2021 issue of Physics World.Cutting methane production from livestock is considered vital to climate change mitigation, with lots of resear…

Energy-Eficient Building

Energy Efficiency Helps Turkey Save $158 million in 2020

Turkey’s investments in energy efficiency in 2020 totaled $635 million which helped to save 451,000 tons of oil equivalent valued at $158 million

Geothermal Power Plant

Australian Firm’s Mission to Repurpose North Sea Platforms for Geothermal Energy

An Australian company says its “unique” technology could lead to oil and gas rigs in the UK North Sea being repurposed as key infrastructure for geothermal en…

Crude Oil

UAE Presents Phenomenal Plan To Boost Its Position As Oil Hub

The first of these developments - announced by UAE Vice President and Prime Minister, Sheikh Mohammed bin Rashid Al Maktoum, vice president and prime minister o…

Crude Oil

OPEC Is Betting Big On Robust Oil Demand Recovery

Last week’s surprise decision from OPEC+ to ease the production cuts by a cumulative 2 million barrels per day by July relies on expectations of robust oil dem…

Oil & Gas Trade

Oman Oil Exports Stage Strong Rebound in March

Oman's oil exports rebounded from a 19-month low in February to average 776,000 b/d in March, according to energy ministry data.

Solar Technology

Saudi Arabia Aims for 50% Renewable Energy by 2030, Backs Huge Tree Planting Initiative

The target will require huge investments in solar technologies, experts warn, as less than 1% of the oil producing nation’s energy comes from renewables

Gas Turbine

Siemens Energy Signs Long-Term Service Contract with Aramco

Siemens Energy has signed its first long-term service agreement (LTSA) with Aramco, covering a range of turbines and generators at four major oil fields.

Oil & Gas Supply

OPEC Cuts Global Oil Demand Estimates Ahead of Production Decision

A panel of OPEC+ technical experts agreed to revise down oil-demand estimates for 2021, signaling a more negative view of the market just days before the group …

Oil & Gas Supply

U.S. Calls On Saudi Arabia To Ensure Supply Of Affordable Energy

The United States has called on Saudi Arabia to make sure there is “affordable energy” supply in the world, ahead of today’s OPEC+ meeting where the cartel w…

Crude Oil

OPEC Meeting: Saudis Look To Unwind Unilateral Output Cuts

Oil prices gave up earlier gains and turned lower as of 11:39 a.m.

LNG

Gastrade and North Macedonia Cooperate on Greek LNG Terminal

Greek company Gastrade has signed agreements for the cooperation with National Energy Resources Skopje and AD Power Plants of Northern Macedonia for the Alexand…

Cooperation case

Iraq Signs Deal with France's Total on 4 Energy Projects

The Iraqi Ministry of Oil announced on Monday the signing of an initial agreement with French oil and gas company Total to build giant infrastructures, develop …

Oil Price

Oil Prices Rise as Opec+ Agrees to Gradually Increase Supply

The group will increase output by 250,000 bpd in May