Equinor and its partners are investing NOK 13 billion in the third phase of Johan Sverdrup, one of the world’s most carbon-efficient oil fields. New subsea infrastructure will increase recovery by 40–50 million barrels of oil equivalent (boe).
Momentary price spikes aside, the recent conflict and now uneasy ceasefire between Israel and Iran has done little to alter the trajectory of global oil markets, according to a new analysis by S&P Global Commodity Insights.
The U.S. Senate on Tuesday voted to narrowly approve President Trump’s $3.3 trillion tax and spending package dubbed the ‘One Big Beautiful Bill.’ U.S. energy associations including the API, IPAA, NOIA and EWTC issued separate statements acknowledging the Senate’s decision as a victory for the U.S. oil and gas industry.
Mark your calendars for the Middle East Gas Conference 2025. The global energy community is set to converge in Dubai on December 10 for a unique and landmark event dedicated to shaping the future of natural gas across the region. Petroleum Economist and host sponsor Crescent Petroleum invite you to a high-level discussion on developing regional gas strategies among industry leaders to meet changing domestic energy needs and transform local economies.
The Statistical Review is instrumental in providing comprehensive data on global oil, gas, and coal production and consumption, as well as on carbon dioxide emissions and renewable energy statistics.
Russia’s government is weighing the possibility of some tax relief for the giant gas firm Gazprom, which would be paid for by potentially higher taxes on other Russian natural gas producers, a source in the Russian government told Reuters on Monday.
Equinor has discovered oil on the Johan Castberg field in the Norwegian section of the Barents Sea, the company said on Sunday.
The find was made in the Drivis Tubåen structure, with preliminary estimates placing the volume at 9 million-15 million barrels.
LNG Canada has shipped its first cargo from Kitimat on the west coast of Canada, a milestone for Canada’s first large-scale LNG project, Shell announced on Monday.
Petrobras has awarded Fugro four significant multi-year contracts for the inspection and monitoring of critical subsea infrastructure in Brazil.
ADNOC Drilling has secured a contract valued at up to $800 million by ADNOC Onshore for the provision of integrated hydraulic fracturing services for conventional and tight reservoirs, the UAE-based company announced Monday.