Industry News
Seismic work to start at offshore gas fields shared by Trinidad and VenezuelaÂ
Seismic work at the offshore gas fields shared by Venezuela and Trinidad and Tobago is set to start soon, reported Reuters.Â
Category: Industry News
- Home
- Category: Industry News
Industry News
Planned OPEC+ output rise likely as Libya’s political turmoil continues
OPEC+ is likely to implement a planned rise in oil output in October, to balance cuts by some members and the drop in Libya’s oil output.
Contract News
Oman signs concession agreement to boost oil and gas explorationÂ
Oman has signed a concession agreement with Daleel Petroleum to enhance oil and gas exploration and development in Concession Area No. 15. Â
Company News
Chevron-led consortium submits $4bn plan for Aphrodite gas field developmentÂ
A consortium led by Chevron has submitted a revised development plan for the Aphrodite gas field to the Cypriot government.
Industry News
India’s Bharat Petroleum seeks $3.8bn to expand refinery capacityÂ
The integrated oil and gas company is looking to expand the Bina facility in Madhya Pradesh which produces an array of petrochemicals.
Analysis
How is record heat affecting global infrastructure?
From energy, telecoms to urban infrastructure, a warming planet risks large-scale damage across the board.
Contract News
UK’s Hunting awarded organic oil recovery work from operators in North SeaÂ
Hunting has announced securing organic oil recovery (OOR) contracts, set to enhance oil extraction for major North Sea operators. Â
China
China’s CNOOC sees 2024 oil price between $75 and $85 per barrel
CNOOC has estimated that global oil prices will stay between $75 and $85 per barrel for the rest of the year.
Company News
Shell plans 20% cut in oil and gas exploration workforceÂ
Shell is looking to reduce its oil and gas exploration and exploration workforce by 20%, reported Reuters, citing sources. Â
Company News
Golden Pass LNG seeks extension to complete Texas export projectÂ
Golden Pass LNG has requested a three-year extension from US regulators to complete the construction of its LNG export project.