Oil & Gas
News & Press Releases
Sustainable Aviation Fuel Requires Government Intervention
The International Air Transport Association, IATA, has announced its anticipation for the entire renewable fuel production so as to reach an estimated probability of at least 69 billion litres, i.e., 55 million tonnes by 2028. Apparently, sustainable aviation fuels...
News & Press Releases
Qatar – China Into Another LNG Supply Deal In Less Than A Year
On June 20, Qatar went on to secure a large gas supply deal, a second one with a state- controlled company from China, and that too in less than a year's time, thereby putting Asia well ahead when it...
News & Press Releases
Asian Growth To Push Global Oil Demand In 2023, Opines OPEC
The economic growth in Asia is all set to push worldwide oil demand this year despite the risk of recession looming as well as the economic headwinds, said prominent players present at the inaugural Asia conference held in Kuala...
News & Press Releases
Saudi Crude Supplies To US Could Be Reduced, But Not To Asia
As the kingdom of Saudi Arabia is all set to unilaterally slash 1 million barrels a day from its crude oil production starting July, its shipments to the west could get much more affected than its exports to Asia,...
News & Press Releases
Caterpillar and Eneria Support Groundbreaking Transition of LCL Brussels-West Data Center to 100% HVO for Standby Power
Caterpillar announced that LCL Data Centers, the operator of five independent data centers in Belgium, has commissioned a new 13.5 MVA standby power solution at its LCL Brussels-West data center in Aalst that operates exclusively on 100% hydrotreated vegetable...
News & Press Releases
Fundraising Challenges In Asia-Pacific Oil And Gas Sector
The oil and gas industry in the Asia-Pacific region faces challenges in raising funds for capacity expansion, according to the Institute for Energy Economics & Financial Analysis (IEEFA). Industry financing depends on financiers, underwriters, and advisors, but there is...
News & Press Releases
Transition To Cleaner Fuels Diminish The Surge In Oil Demand
According to the International Energy Agency (IEA), the surge in oil demand resulting from the recovery after the pandemic will come to an end this year. The agency stated that a sluggish economy and the transition to cleaner fuels...
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