Oil

Offshore Wind Power

Shell Inks Key Energy Transition Digitalisation Deal for Oil & Gas and Wind Projects

Petro-giant signs three-year, portfolio-crossing agreement with pioneer Akselos for structural digital twin technology

CCS

Norway Approves Carbon Transport and Storage Project

Following a historic vote in parliament, the Norwegian Government on Tuesday announced its funding decision for the Northern Lights CO2 transport and storage pr…

Oil Field

Masirah Oil Spuds Second Development Well in Oman

Exploration and production company Masirah Oil has started drilling a second development well in the Yumna field, located offshore Oman, using the Shelf Drillin…

Oil & Gas Trade

Russia Approves Sinopec's Participation in Huge Petrochemical Project

The Russian government has approved participation of China's Sinopec company in a large-scale petrochemical project, the government said in a statement on Tuesd…

Paris Climate Agreement

Oil Giant Exxon Commits to Emissions Reductions in Line with Paris Agreement

U.S. oil giant Exxon Mobil is setting short-term targets to reduce its greenhouse gas emissions over the next five years as the company responds to investor and…

Crude Oil

OPEC Cuts 2021 Oil Demand Outlook Again as Pandemic Impact Lingers

Global oil demand will rebound more slowly in 2021 than previously thought because of the lingering impact of the coronavirus pandemic, OPEC said on Monday, ham…

Energy Transition

The UK Ends Support For Overseas Oil & Gas Projects

The United Kingdom will end direct government support to oil, gas, and coal project overseas as soon as possible, as part of the country’s ambition to support …

Natural Gas

CNPC Built Atmospheric Area of 30 billion Cubic Meters in Southwest China

The first 30 billion atmospheric zone in Southwest China was officially completed.

Oil Field

CNOOC Starts Infill Campaign in South China Sea

Chinese oil and gas company CNOOC Limited has started drilling operations on two infill wells located on the Weizhou 6-12 fields in the Beibu Gulf offshore Chin…

Oil Pipeline

Second Russian Pipelayer Arrives at Nord Stream 2 Construction Site

A Russian pipe-laying vessel Fortuna has arrived at the construction site of the Nord Stream 2 gas pipeline in the Baltic Sea

Crude Oil

Oil Production Cuts to End in Norway on December 31st

Throughout this year, Norway imposed oil production cuts to push up oil prices, as was reported by the Petroleum and Energy Ministry of the country.

Crude Oil

OMAN: November Crude Oil Production Slightly Exceeds OPEC+ Quota

China is by far the largest importer of Omani crude.

Oil & Gas Trade

Egypt, Iraq Move Forward with Oil-for-Reconstruction Plan

The oil-for-reconstruction agreement signed between Egypt and Iraq will enter into bilateral implementation as soon as constitutional procedures are complete, E…

Oil Pipeline

Iran Controls Oil Pipeline Spillage, Fire in Southwest

A pipeline carrying crude oil to Iran’s second largest refinery ruptured and burst into flames on Sunday, but the spillage and the blaze were brought under con…

Oil&Gas Drilling

EU to Approve Sanctions Over Turkish Gas Drilling

Shying away from a threat made in October to consider wider economic measures, EU leaders will agree to punish individuals accused of planning or taking part in…