PGS has formed a partnership with the Ghanaian Petroleum Commission to apply technology advances in interactive rock physics offshore Ghana.
OPEC+ and others including Russia, is unlikely to defend the $80 price floor and hence would not need to cut production quotas this year, according to the note
Approximately 40 per cent of the volumes credited to crude losses in the Nigerian petroleum industry are actually attributable to measurement inaccuracies and not theft as often reported.
An International Energy Forum report says oil and gas upstream capital expenditures increased to their highest level since 2014, but more is needed.
Saudi Arabia, one of the organisation’s most prominent members, believes that the current energy crisis is largely the result of declining investment in hydrocarbons
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Oil and Natural Gas Corporation Limited (NSE:ONGC) is about to trade ex-dividend in the next four days.
The Biden administration plans to sell more crude oil from the Strategic Petroleum Reserve, with deliveries estimated to happen between April and June.
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.
In its latest forecast, the IEA has projected demand to rise by 1.9 million barrels per day to 101.7 million barrels per day (bpd) this year