Global energy reliability concerns are triggering a surge in oil and gas investments – but this uptick is only temporary, and service companies should capitalize now before the focus returns to the energy transition.
Middle Eastern oil producers are raising the export prices for their lower-grade crudes, Bloomberg reported earlier this week. And European buyers have no choice but to pay up—because the alternative is Russian oil, and they can’t have that.
For the third month running, OPEC has barely changed its forecast of global oil demand, predicting growth of 2.33 million barrels per day, or 2.3% Y/Y growth, good for a very slight increase from its previous forecast of 2.32 million barrels per day
A total of 25.3 billion cubic feet (bcf) of natural gas worth about $169 million was lost in the upstream petroleum sector through flaring.
African Energy Chamber Senior Vice President Verner Ayukegba addressed domestic and international stakeholders at the National Upstream Petroleum Local Content Policy workshop in Windhoek on Thursday, calling for expanded access to local financing solutions and a balanced approach to Namibia’s local content policy.
RIYADH, May 10, 2023 – Saudi Aramco has made USD 31.9 billion in net profits in Q1 2023, the Saudi NOC announced on Tuesday.
OSLO, May 11, 2023 – Norway has launched its latest oil and gas bid round with 92 new blocks on offer, the Ministry of Petroleum and Energy announced on Monday.
THE Chief Executive Officer of the Ghana National Gas Company (GNGC), Dr Ben K.D. Asante, says natural gas is Ghana’s best stepping stone to a climate-friendly environment powered by renewable energy.
May 10 (Reuters) – A number of oil and gas companies in Canada’s main crude-producing province Alberta restarted shuttered production on Wednesday as wildfires that sparked widespread evacuations eased, although officials warned conditions could deteriorate.
THE Nigerian Upstream Petroleum Regulatory Commission, NUPRC, has disclosed that at 1.5 million barrels per day, Nigeria was producing oil at 60 percent of technically allowable 2.5 million barrels per day.