The domestic oil and gas industry is looking at Budget 2023 for some relief as the upheaval in the global crude prices due to the Russia-Ukraine war led to huge losses.
The UK North Sea still has a lot to offer when it comes to oil and gas reserves yet to be produced. However, unpredictable fiscal conditions are denting the confidence of offshore energy-producing companies to invest and revitalize oil and gas exploration activity, Offshore Energies UK said in a report on Tuesday.
Proper preparation and quick response are crucial in natural disasters and health emergencies. This holds especially true for companies involved in the oil and gas industries, which are highly vulnerable to accidents such as fires, electric shocks, and vehicle collisions, to name a few.
Companies within the oil and gas sector will spend $15.6 billion on digital tools to address industry challenges and align operations with changing business models.
For more than a year, the African Energy Chamber has been pushing back against steadily building pressure to halt new foreign investments in Africa’s oil and gas industry
Fitch Ratings expects most oil and gas (O&G) companies across all regions to show broadly stable year-on-year performance due to continued financial discipline, supporting a neutral global sector outlook in 2022