Upstream

Oil Price
U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte
U.S. upstream oil companies are expected to bank 68% higher free cash flows per barrel produced in 2022 as surging prices fuel profits, while output growth ling…
Carbon Emissions
Deutsche Bank Sets 2030 Targets to Cut Emissions Tied to Loans
Deutsche Bank on Friday said it aimed to reduce the emissions tied to its upstream corporate oil and gas sector loans by 23% by 2030, as part of a series of tar…
Oil&Gas Drilling
Shell: UK North Sea Needs Investments in New Oil and Gas Projects
The UK North Sea oil and gas sector needs more investments in new developments as Britain will need domestic fossil fuel resources, Shell’s UK head of upstream…
Solar Power Panel
Chinese PV Industry Brief: JA Solar Major Winner in Solar Panel Tender with 3.1 GW in Bids
Meanwhile, Trina Solar has established a new branch for upstream operations and Longi has a officially changed its company name.
Oil&Gas Drilling
Australian Offshore Oil Exploration Well Imminent for SapuraOMV
The Malaysian-Austrian joint venture company SapuraOMV Upstream will spud early next month the Kanga-1 oil exploration well offshore Western Australia.
CCS
Indonesia Advances Carbon Capture, Storage and Utilisation Ambitions
Pertamina and Mitsui in joint feasibility study to commercialise CCUS in the Southeast Asian nation.
Oil Exploration
Opportunities Still Exist in Kenya’s Oil, Gas Sector
Last week Kenya announced for sale 35 oil and gas exploration blocks mostly in the natural gas prone coastal Lamu Basin. This is an indication of revived upstre…
South Africa
President Ramaphosa Calls for Expansion of South Africa’s Upstream Oil and Gas Industry
The President of South Africa, H.E. Cyril Ramaphosa, announced that the government would continue to support the development of the southern African country’s …
Indonesia
Kuwait's Kufpec Discovers Gas, Condensate in Indonesia
Kufpec, the foreign upstream arm of Kuwait's state-owned KPC, today announced a gas and condensate discovery in the Anambas block in the Natuna Sea north of Ind…
Oil Exploration
Japan’s Inpex to Start Domestic Exploratory Drilling
Japanese upstream firm Inpex is planning to start exploratory drilling offshore the country's western Shimane and Yamaguchi prefectures in a search for oil and …
Energy Investment
Australian Resource Investment Rises in 2021
Investment in committed resource and energy projects in Australia rose in the 12 months to the end of October from a year earlier, led by increased investment i…
Oil Exploration
Indonesia Awards First Oil and Gas Blocks in Two Years
Indonesia has awarded oil and gas blocks to local upstream energy company Energi Mega Persada and Canada's Husky Energy Inc, a senior officialhas announced, in …
Floating Offshore Wind
Plan to Power Oil & Gas Ops with Floating Wind Unveiled in Azerbaijan
SOCAR and Technip Energies have signed a cooperation agreement which, among other things, will see the two companies working on a joint pilot project for poweri…
Japan
Japan to Remain Committed to Oil and Gas Development Projects
Japan will remain committed to upstream oil and gas developments and plans to boost its ratio of equity oil and gas as it expects the fuels to play a key role i…
Oil Field
PetroVietnam Pumps First Condensate, Gas from Su Tu Trang Field
PetroVietnam and its foreign upstream partners have produced first condensate and gas from phase 2A project in Vietnam’s offshore Su Tu Trang field

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Upstream

U.S. Oil Companies’ Cash Flow to Rise by 68% Per Barrel in 2022 - Deloitte

Deutsche Bank Sets 2030 Targets to Cut Emissions Tied to Loans

Shell: UK North Sea Needs Investments in New Oil and Gas Projects

Chinese PV Industry Brief: JA Solar Major Winner in Solar Panel Tender with 3.1 GW in Bids

Australian Offshore Oil Exploration Well Imminent for SapuraOMV

Indonesia Advances Carbon Capture, Storage and Utilisation Ambitions

Opportunities Still Exist in Kenya’s Oil, Gas Sector

President Ramaphosa Calls for Expansion of South Africa’s Upstream Oil and Gas Industry

Kuwait's Kufpec Discovers Gas, Condensate in Indonesia

Japan’s Inpex to Start Domestic Exploratory Drilling

Australian Resource Investment Rises in 2021

Indonesia Awards First Oil and Gas Blocks in Two Years

Plan to Power Oil & Gas Ops with Floating Wind Unveiled in Azerbaijan

Japan to Remain Committed to Oil and Gas Development Projects

PetroVietnam Pumps First Condensate, Gas from Su Tu Trang Field