Oil & Gas
News & Press Releases
Oil Output On OPEC+ Deal To Remain Locked Till 2023 End
Prince Abdulaziz, the Saudi Energy Minister, confirmed that the current OPEC+ deal when it comes to oil output is going to be locked-in till the end of this year, adding that he remains cautious when it comes to demand...
News & Press Releases
IEF Suggests An Investment Upsurge To Avoid Oil & Gas Dip
It has come to light that almost $4.9 trillion worth of upstream investment in oil and gas will be required by 2030 so as to ensure sustained supplies as well as prevent an energy crisis in the upcoming years,...
News & Press Releases
Russia-China Come Together As 2 Gas Pipelines To Be Built
Russian Deputy Prime Minister, Alexander Novak has gone on to confirm that two gas pipelines’ construction from Russia to China is going to attract a direct investment of around $94bn.
He went on to say that the construction of Power...
News & Press Releases
China And Qatar Are All Set To Strike A Major LNG Deal
Qatar Energy is all set to sign a big deal with the Chinese National Petroleum Corporation so as to go ahead with the long-term supply of liquefied natural gas across the Chinese market. The two firms are almost on...
News & Press Releases
Russia Cuts Oil Production From March Due To The Price Cap
Russia is all set to decrease the crude oil production by 500,000 in a day starting March this year. This step comes after major world economies recently imposed a price cap on Russia's oil products.
The repercussions to the cut...
News & Press Releases
Masdar signs MoU with VERBUND to explore green hydrogen production for Central Europe
Masdar, one of the world’s fastest-growing clean energy companies, has signed a memorandum of understanding (MoU) with VERBUND, Austria’s leading energy utility and one of the largest producers of hydropower in Europe, to explore the production of green hydrogen...
News & Press Releases
Denmark Awards 3 Permits For Full Scale CO2 Seabed Storage
In what was the first round of tenders when it comes to the storage of CO2 in the Danish North Sea, a total of three permits have been awarded- 1 to Wintershall Dea and INEOS E&P consortium and 2...
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