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Oil & Gas

Russian Oil Price Cap To Be At $60 A Barrel By G7 Coalition

The G7 coalition, in a latest move will keep the capping of $60 per barrel when it comes to seaborne Russian oil, an official confirmed. This is despite the global crude prices which are rising and also calls by...

More Than 50 Oil & Gas Fields Up For Taking In Kazakhstan

In a recent move, Kazakhstan has gone on to invite energy companies as well as investors so as to bid on more than 50 oil and gas fields and also prospective blocks across the country, thereby hoping for a...

New Upstream Oil-Gas Projects Not A Possibility Anymore

The Net Zero Asset Owner Alliance- NZAOA stated on March 29 that it anticipates its members making no fresh direct investment in upstream oil and gas infrastructure projects when it comes to new fields as part of its endeavours...

European Quest For LNG Looks Unnecessary And Expensive

The rapid buildout of liquefied natural gas infrastructure across Europe is on track to far surpass the demand by the decades end as per the new research with more than half planned LNG assets of the region seen at...

$263.8 mln Drilling Rights Bids For US Across Gulf of Mexico

An oil and gas drilling rights auction in the Gulf of Mexico has fetched the US government $263.8 million in bids, which happens to be the most of any sales across the region in years. This is also the...

Caterpillar Introduces New Compact Energy Storage System

Caterpillar Inc. announced the introduction of Cat® Compact ESS, a new mobile battery energy storage system that supplements traditional mobile power solutions to reduce noise and enable deployment of renewable energy sources. Additionally, customers using efficiency gains to minimize fuel...

Gas Emergency For 2023-24 Is A Reality – German Regulator

Germany's energy authority has ruled out a gas supply crisis for the present winter but cannot give the all-clear for the 2023–24 season, its president told a German newspaper. According to Klaus Mueller, who told the Rheinische Post, they cannot...

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