Tag: Oil and Gas News
Total, BP Lead Other Revolutionaries In UK’s Decarbonization Plot
...13 Win Wind Power Contracts To Decarbonize North Sea Oil Operations
Thirteen firms have won contracts from Crown Estate Scotland, for offshore wind leases to...
Protests Escalate In France, Force Exxon To Shut Down Operations
Tolls are beginning to fall in Frances’ energy sector with the lingering strike action by protesting workers. An extension of the current strikes at...
Egypt To Announce New Energy Strategy In Coming Weeks
Egypt’s petroleum and mineral resources minister, Tarek El Molla, has said that his country will set out its national low-carbon energy strategy in the...
Why European Oil Companies Face A Valuation Gap When Compared With...
The company formerly known as Royal Dutch Shell — simply Shell from January last year — has a proud European heritage. But the continent’s...
IMF Says Libya’s Economy Will Depend On Oil And Gas For...
The International Monetary Fund has said that the economic fortunes of Libya, North Africa’s second-largest oil producer, will depend upon oil and gas...
More Strikes Could Further Squeeze European Diesel Markets – Traders
There are fears that the striking action in France's refineries would tighten European diesel markets, even as crude oil markets are looking weaker.
France has...
OPEC Scribe Calls For Coordination Between Oil Exporting Countries
OPEC’s secretary general, Haitham Al Ghais and Iraq’s prime minister, Mohammed Shia al-Sudani, have called for coordinated action among oil exporters and globally in...
Kuwait Oil Company Declares State Of Emergency Following Onshore Oil Spill
...refuses to disclose exact spot of spill
The Kuwait Oil Company has declared a state of emergency following an oil spill in the west of...
Eni Announces Discovery Of Oil Sureste Basin, Offshore Mexico
Italian oil and gas major, Eni has announced the discovery of oil in the Sureste Basin offshore Mexico in a prospect that could contain...
Four Of France’s 6 Refineries To Shut Down Operations Today As...
It is estimated that by today, Monday, four out of France’s six refineries will shut down as strikes escalate after French President Emmanuel Macron...
Ghana Removes Fuel Subsidy, Implements Reforms
The Ghana National Petroleum Authority (NPA) has confirmed that the country has implemented controversial regulatory measures, including the removal of fuel subsidy to ensure...
Oil Price Falls To $72 A Barrel, First Time In 2yrs
Oil price fell on Wednesday to $72 a barrel for the first time in more than one year. Brent crude, the global oil benchmark,...
OPEC Now More Optimistic On China’s 2023 Rebound Forecast
OPEC has been forced to reverse up its forecast on China’s reopening; now says the Covid19 ridden country’s reopening is set to add momentum...
TotalEnergies’ $20bn LNG Export Facility in Mozambique To Delay For Another...
TotalEnergies’ has said that the $20billion LNG export facility it is handling in Mozambique would not start operations until 2027 at the earliest.
This is...
Head Of Libya Oil Corporation Assures That American Oil Firms Will...
The chairman of the Libyan National Oil Corporation (NOC), Farhat Bingdara, has stressed the importance of American companies returning to work in the Libyan...
Protests: LNG Import Terminals in France Grounded With Little Respite In...
Reports from France says the strikes against a labor market reform have shut down the LNG import terminals, even as the impact continues this...
Libya Looks Forward To First Oil And Gas Licensing Round In...
Embattled North African country, Libya, is hoping to conduct oil and gas licensing round by next year, Libya's state-run oil company chief said at...
EU Parliament, Council Agree To Cut 2030 Energy Consumption By 11.7%
Last weekend, the European Parliament and the Council presidency reached a provisional political agreement to reduce final energy consumption at EU level by 11.7%...
Africa’s Oil Industry Is Set To Flourish In 2023
Several energy firms have developed oil and gas projects in Africa and the Caribbean in recent years as they shift to focus on low-carbon...
Petitioners Drag Kenya’s Government To Court Over Plan To Nationalize All...
Petitioners have challenged in court Kenya government’s plan to take over all imports of petroleum products from private companiesReports yesterday said the petitioners are...
