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TransGlobe Energy, Pharos Energy Sign New E&P Contracts in Egypt

TransGlobe Energy and Pharos Energy have signed new concession agreements with Egypt's Ministry of Petroleum and Mineral Resources and the Egyptian General Petroleum Corporation to conduct E&P activities in the...
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ADNOC Prepares for First Bond Issue; Begins Diversification Journey

As part of its efforts to diversify its income away from oil, Abu Dhabi National Oil Company (ADNOC) has established a new organisation that will offer the UAE's first bond....
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Saudi Arabia’s Natural Gas Production Increased by 30% in a Decade – EIA

Saudi Arabia's natural gas production increased by 30% in a decade to a record 11 billion cubic feet per day (Bcf/d) in 2020, according to the US Energy Information Administration...
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Oil Prices Hit $90 for the First Time Since 2014

While rising tensions in the Russia-Ukraine war generated market anxieties about potential supply disruptions, oil markets rose behind a broader market bounce. Futures in New York increased by as much...
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ConocoPhillips is Bullish on the Price of Oil – CEO

ConocoPhillips CEO Ryan Lance expressed his optimism about the price of oil during the Argus Americas Crude Summit in Houston on Monday. He claims that the consolidation effort will not...
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Shell Makes Significant Oil & Gas Discovery Offshore Namibia – Reports

Shell has discovered a large oil and gas discovery offshore Namibia, according to Reuters, which cited three industry sources. Namibia is projected to be one of the hotspots for exploration...
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Mexican Energy Minister Responds to Criticism of Dos Bocas Refinery

According to Energy Minister Rocio Nahle, the new Dos Bocas refinery that Mexico’s government is building to reduce the country’s dependence on fuel imports is “being built in record time....
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ExxonMobil to Achieve Net-Zero Greenhouse Gas Emissions by 2050

ExxonMobil, one of the world's largest oil companies, has announced plans to achieve net-zero greenhouse gas (GHG) emissions for all of its operating assets by 2050, in line with the...
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Woodside Energy Commissions Pre-Lay Survey at Sangomar Field in Senegal

Woodside Energy, an Australian petroleum exploration and production company, has commissioned a pre-lay survey for the deepwater Sangomar field development off the coast of Senegal, ahead of the company's subsea...
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U.S. Exports Increased Amid Recovering Global Demand

U.S. crude oil exports have increased in recent weeks, according to commodity analytics firm Kpler, as America leads supply increases amid stable and persistent global demand. Crude oil exports from...
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