The Tarim Oilfield of China National Petroleum Corporation (CNPC), China’s leading oil and gas producer, has produced upwards of 400 billion cubic meters of natural gas so far, the latest figures show.
Drilling has begun at a Chinese-operated oil field in Uganda. Officials in the East African nation say they expect oil production to begin by 2025.
Western sanctions over Russia’s invasion of Ukraine, including the looming Feb. 5 embargo and price cap on refined products, have been pushing Russian fuel oil barrels eastward into Asia at attractive discounts since last year
The Ghana National Gas Company (GNGC) on Friday signed a Project Implementation Agreement with its joint venture partners to construct a second Gas Processing Plant (GPP Train 2) at an estimated cost of US$700 million.
The 2022 energy crisis produced higher prices and policy changes that encouraged investment in the oil and gas sector again.
Saudi Aramco expects to award contracts for some 90 projects over the next three years as it presses ahead with major expansions of its upstream oil and gas capacity
Oil prices eased on Friday, with major benchmarks headed for their second straight week of losses, as the market awaited further signs of fuel demand recovery in China to offset looming slumps in other major economies.
The Chief Executive Officer of the Petroleum Commission , Egbert Faibille Jnr. has stated that the unitization of Springfield and ENI Sankofa fields has been declared.
The UK North Sea Transition Authority (NSTA) has received 115 bids in the 33rd oil and gas licensing round from a total of 76 companies.
The world’s oil and gas companies enjoyed record-breaking profits in 2022, as energy prices soared for consumers and climate change catastrophes dotted the globe.