Oil & Gas
News & Press Releases
Caterpillar Expands Range of Hydrogen-Fueled Power Solutions to Include Generator Sets and Retrofit Kits from 600 kW to 2.5 MW
Caterpillar Inc announced the latest additions to its lineup of commercially available power solutions running on hydrogen fuel. Available at Cat® dealers worldwide, Caterpillar’s lineup of gas generator sets capable of operating on natural gas blended with up to 25%...
Oil & Gas
To Prevent Price Spike, $12 Trillion Needed – OPEC Chief
As per OPEC Secretary-General Haitham Al-Ghais statement to CNN, so as to avoid a sudden increase in energy prices, it is indeed imperative for the global economy to have a significant increase in investments in the oil industry.
He added that the industry will...
Oil & Gas
With Growing Demand, OPEC Calls For More Oil-Gas Funding
The Organisation of the Petroleum Exporting Countries' (OPEC) happens to be having a positive outlook on demand and also sees underinvestment to be a potential risk to energy security, said Secretary-General Haitham Al-Ghais recently at an Abu Dhabi industry...
Oil & Gas
2050 Net Zero Goal In Sync With Oil Firms Desire – COP28 Head
Recently, Sultan al-Jaber, the president of COP28, stated that over 20 oil and gas companies are rallying around his efforts to lessen carbon emissions prior to the United Nations summit on climate change that is about to take place.
Jaber,...
Oil & Gas
Fossil Fuel Focus Amid Green Shift Causes Dilemma For The UK
In spite of their commitment to achieving net-zero targets, the UK government, led by Prime Minister Rishi Sunak, has given the green light to significant oil and gas extraction projects in the North Sea. The contentious Rosebank development is...
Oil & Gas
Climate Advocates Slam Offshore Lease Strategy By Joe Biden
The Biden administration has recently unveiled a plan to sell up to three offshore oil and gas leases over the next five years, drawing criticism from climate advocates. The plan, which is set to govern potential sales through late...
Oil & Gas
Saudi Arabia Is Considering Early Oil Production Easing
Rapidan Energy Group suggests that Saudi Arabia might start reducing its production cuts earlier than many oil market participants anticipate. The top global crude oil exporter is cautious about the risk of causing demand destruction due to excessively high...
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