Oil & Gas
News & Press Releases
Indonesia Okays $3bn Plan To Build South China Sea Gas Block
Indonesia has cleared the initial development plan for the offshore Tuna gas resource, with a total estimated commitment of $3.07 billion up to the start of production, according to upstream oil and gas regulator SKK Migas.
The Tuna field, which...
News & Press Releases
Oil Prices End 2022 On High, Although Demand Worries Persist
Despite a sudden increase in US crude supplies, worries about the recession, and worries about demand because of a repeat of COVID-19 infections in the world's top petroleum importer, China, oil prices ended the week higher on December 30,...
News & Press Releases
Indonesia Awards Two Oil-Gas Licenses To Boost Production
According to the director general of oil and gas for the energy ministry, Indonesia has given two more oil and gas exploration blocks to local companies in an effort to increase output in order to satisfy rising energy demand.
As...
News & Press Releases
Oil And Gas Sector Has A New Form of Financing Is Thriving
Private U.S. oil and gas producers are looking at a rising market for alternative funding as banks have stopped supporting oil and gas operations and other conventional forms of financing like equity stake or reserve-based lending (RBL) arrangements are...
News & Press Releases
Egypt Opens New Round Of Global Bids For Oil-Gas Exploration
The Egyptian Upstream Gateway will be used to solicit bids from international companies to search for natural gas and crude oil in 12 areas of the Mediterranean and Nile Delta, which include six offshore and six onshore areas. The...
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...
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