The partners in the Leviathan project believe it is the largest natural gas reservoir in the Mediterranean and one of the largest producing assets in the region.
Limiting how much coal countries can burn is considered an urgent priority for restraining global heating.
SINGAPORE: China is expected to import a record amount of crude oil in 2023 due to increased demand for fuel as people travel more following the dismantling of COVID-19 controls and as a result of new refineries coming onstream, analysts said
Oil And Gas Investments Hit $499bn In 2022 – Report
The world is not going to run out of oil or gas anytime soon.
Minister of State for Petroleum Division Dr Musadiq Masood Malik has said under the Pak-Russia agreement, oil and gas would start reaching Pakistan this year, which would help provide relief to people.
Malaysia’s 2022 oil and gas bid round was a remarkable success, attracting fresh investment, new upstream explorers, as well as new ideas to the mix in Southeast Asia’s most successful market.
U.S. energy firms this week cut the number of oil and natural gas rigs operating for the second time in three weeks, energy services firm Baker Hughes Co BKR.O said in its closely followed report on Friday.
The earthquake that hit Turkiye and Syria on Feb 6 was one of the deadliest in the two nations’ history. Apart from claiming more than 37,000 lives and leaving many others injured, which should be deeply mournful, the earthquake is also likely to affect the world economy by causing changes in logistics and transportation, even […]
Approximately 40% of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported, Engr Gbenga Komolafe, the Chief Executive of the Nigerian Upstream Regulatory Commission (NUPRC), has said.