Oil & Gas
News & Press Releases
EU States Back Energy Windfall Tax, Clash On Gas Cost Cap
The member states of the European Union will get together to approve emergency taxes on energy companies' windfall profits and start talking about their next steps to solve Europe's energy crisis, which could include putting a cap on gas...
News & Press Releases
Abu Dhabi To Obtain Regions First Underwater HVDC Network
Abu Dhabi and a Japanese, French, and Korean consortium have agreed to a $3.8 billion deal to use an undersea high voltage direct current (HVDC) transmission system to power offshore oil and gas operations from land.
It has been referred...
News & Press Releases
Oil Cost Rise Due to US Gulf Supply limits, Weaker Currency
On September 27th, more than 1% increase in oil prices from the previous day's nine-month low, helped by supply restraints in the US Gulf of Mexico due to Hurricane Ian and a small weakening of the US dollar.
Analyst predictions...
News & Press Releases
Oil Consumption Rises As Refiners Ramp Up Output In China
In anticipation of greater demand and a potential increase in fourth-quarter gasoline exports, at least three Chinese state-run oil refineries and a privately owned mega refiner are considering raising capacity in October from September by up to 10%, according...
News & Press Releases
Is Energy Strategy In Europe On The Right Track Or Not?
Another historic week has passed for the European energy markets, with policymakers taking the lead in defending consumers and companies from skyrocketing energy costs.
Although there have been murmurs in certain places that the energy transition has been managed poorly...
News & Press Releases
Iran Aims To Fill The Russian Gap In European Oil Market
If Iran is able to reach an agreement with global powers over its nuclear programme, it will attempt to fill the gap left by Russia in the European oil market.
In the event that sanctions aimed at its energy sector...
News & Press Releases
With $25mn Federal Grant, Texas To Cap 800 Oil And Gas Wells
The state's oil and gas department announced that Texas will start capping around 800 abandoned oil and gas wells this fall after obtaining a preliminary $25 million award from a programme contained in President Joe Biden's infrastructure plan. It's...
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