State-owned Oil India Ltd. (OIL) on Friday said it has made a natural gas discovery in a shallow-water Krishna Godavari basin block that the firm had won in recent Discovered Small Field (DSF) bid rounds
According to the Energy Institute’s report, Statistical Review of World Energy, gas makes up 25% of the world’s primary energy supply, but only 17% of primary energy use in Sub-Saharan Africa (SSA), excluding North Africa. After several years of sporadic progress SSA gas is on the verge of a material break-out. This advent and the […]
Oil and Gas Development Company Limited (OGDC) has set a five year target to increase crude oil production by 68% to 60,384 barrels per day and natural gas sales by 46% to 1,167 million standard cubic feet per day by FY2030-31. APP quoting official documents reported that the company plans to raise crude oil production […]
Natural gas has become a major commercial driver for the Ghana National Petroleum Corporation (GNPC), generating $952 million in sales revenue in 2025. Mr Hamis Ussif, the GNPC’s Deputy Chief Executive in charge of Finance, Commercial and Administration, said the development reflected the growing importance of gas to the Corporation’s operations and Ghana’s wider energy […]
XRG is making one of the most significant new foreign investments yet aimed at unlocking Venezuela’s vast offshore natural gas resources for international markets, taking a stake in the 4 Tcf-plus Loran field as the country looks to establish a more direct path for its gas into the global LNG trade.
Phil Hodge, founder, president and CEO of Pine Cliff Energy, talks to The Energy Year about the company’s near-term drilling plans and how the rise of LNG and data centres is reshaping gas markets in Western Canada. Pine Cliff Energy is an oil and gas E&P company focused on natural-gas-weighted, low-decline assets in Western Canada. […]
Germany is planning to allocate €1.5 billion to establish a strategic natural gas reserve with a capacity of 2.3 billion cubic meters, AzerNEWS reports, citing Reuters.
Zephyr Energy has advanced its Paradox basin development in Utah after completing a key pipeline integrity assessment that clears the way for the regulatory approvals needed to begin exporting natural gas from the project.
Russia would be ready to keep supplying natural gas to Europe if there are any volumes left from increased exports to other markets, Kremlin spokesman Dmitry Peskov told Russian media on Sunday.
he government has notified the Petroleum and Natural Gas Rules, 2025, introducing a modern regulatory framework designed to draw higher investment into India’s oil and gas sector and improve ease of doing business. Issued under the recently enacted Oilfields (Regulation and Development) Amendment Act, 2025, the rules overhaul the licensing regime and replace the older system of multiple permissions with a single petroleum lease for exploration, development and production of all hydrocarbons, including shale.