Oil & Gas
News & Press Releases
India Plans A $2 Bn Investment For Green Hydrogen Sector
According to three sources cited by Reuters, India is developing a $2 billion incentive scheme for the green hydrogen industry in an effort to reduce emissions and establish itself as a major exporter in the sector.
As per a senior...
News & Press Releases
Iberdrola will invest more than 1,100 million euros in a green hydrogen plant in Australia
Iberdrola Australia and hydrogen developer ABEL Energy will build a green hydrogen and green methanol production plant at Bell Bay in northern Tasmania (Australia). The project, called Bell Bay Powerfuels, is backed by the Australian government and will involve...
News & Press Releases
Russia Says It Might Cut Oil Output After The Price Ceiling
In response to price limitations on its crude and processed products, Russia may reduce oil production by 5 to 7% in early 2023 and stop exports to nations that support it, Deputy Prime Minister Alexander Novak said on state...
News & Press Releases
Mid-2023, Newest Mexican Oil Refinery Will Run Half Strength
According to the reports that came in on December 24, the newest refinery of the Mexican state oil corporation Pemex will complete half of its capacity for processing crude oil in July. This announcement represents the most recent change...
News & Press Releases
Gas Discovery In Cyprus Brings Considerable Energy Potential
According to the Cypriot government, a recent gas discovery off the coast of Cyprus demonstrates the bright energy potential of the eastern Mediterranean.
The Italian energy juggernaut Eni and France's TotalEnergies, who together play a key role in Nicosia's offshore...
News & Press Releases
$674m Gas Project Halted After Australian Market Meddling
The Australian government's radical intervention in the gas market has shown that it could hurt future investments. For instance, Senex Energy stopped a A$1 billion (US$674 million) domestic gas supply expansion that would have created hundreds of new jobs...
News & Press Releases
Malaysia Boosts Its Exploration Success To 10 Finds In 2022
Off the coasts of Sarawak, Sabah, and Peninsular Malaysia, a total of nine oil and gas discoveries were made. Petronas Carigali made the greatest oil discovery at the Nahara-1 well in Block SK306 in the Balingian region of Sarawak.
According...
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