The Indian Oil Ministry has asked the country’s Finance Ministry to consider scrapping the windfall tax on petroleum products due to falling crude oil prices, India’s broadcaster ET Now reported exclusively on Monday, quoting sources. The oil […]
The Ghawar Field in Saudi Arabia is the largest oilfield in the world, with an estimated 170 billion barrels of original oil in place. The Burgan Field in Kuwait, the Ahvaz Field in Iran, the […]
Is Sanity Returning to the Energy Space? Is the energy tide turning and people are wanting energy security and fiscal policies that won’t break the bank? Or is this just a phase? Hop on the […]
Last year, U.S. oil and gas companies announced several massive deals. Enverus said in its latest report on M&A activity that the second quarter saw $30.2 billion worth of deals announced in the second quarter […]
The shutdown of the Sharara oil field in Libya disrupts production due to the arrest of a military leader’s son. Political instability and disputes over oil revenue sharing continue to hamper Libya’s oil industry. International […]
OPEC cuts its 2024 oil demand growth forecast by 135,000 bpd due to weaker Chinese demand. The cartel also lowered its 2025 oil demand growth estimate. OPEC acknowledges uncertainties in the global economy, impacting oil […]
LNG imports decreased by 33.1 percent year-on-year to about 13.7 TWh in July and accounted for 56.9 percent of the total gas imports. Previously, Spanish LNG imports dropped by 24.4 percent year-on-year to about 16.1 TWh […]
Moscow and Kyiv accused each other of starting a fire on the grounds of Europe’s largest and now Russian-occupied Zaporizhzhia nuclear power plant in Ukraine on Sunday (11 August), with both sides reporting no […]
Adnoc’s gas and LNG unit, Adnoc Gas, reported a net income of $1.19 billion in the second quarter, a rise of 21 percent year-on-year. UAE’s Adnoc Gas said on Monday this is a record net […]
Shell and PetroChina formed the Arrow Energy joint venture in 2010 and the firms each have a 50 percent stake in the company. Arrow announced a 27-year gas sales agreement to supply gas to the […]
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