Uncategorised Archives | Page 37 of 119

24th September 2021

Oil Prices Influenced by ‘Transition Premium’ – OPEC SG

The Secretary-General of the Organization of Petroleum Exporting Countries (OPEC), Mohammed Barkindo, said crude oil prices are affected by a "transition premium" amid the changeover to renewables, as well as...

24th September 2021

Natural Gas in Key to the UAE’s Growth Over the Next 50 Years – ADNOC CEO

The UAE Minister of Industry and Advanced Technology and Managing Director and Group CEO of the Abu Dhabi National Oil Company (ADNOC), Dr Sultan Ahmed Al Jaber, has identified natural...

23rd September 2021

Oil Demand to Rebound to Pre-Pandemic Level by Q1 2022 – ConocoPhillips CEO

According to Bloomberg, ConocoPhillips' Chief Executive Officer, Ryan Lance, believes that crude oil consumption will recover to pre-Covid-19 levels by early 2022, while supply will remain tight. ConocoPhillips is to...

23rd September 2021

TGS Announces 2D Seismic Survey in Mauritania-Senegal-Gambia-Bissau-Conakry Basin

TGS, a global geophysical scientific data company, has announced plans to begin a new 2D seismic survey off the coast of Mauritania in the Mauritania-Senegal-Gambia-Bissau-Conakry (MSGBC) Basin, contributing to the...

22nd September 2021

Shell Exits the Permian Basin for $9.5 Million

Anglo-Dutch oil corporation, Shell, has announced that it will sell its Permian assets to ConocoPhillips for $9.5 billion, making ConocoPhillips one of the largest Permian operators in 2022. The purchase...

21st September 2021

UN Climate Conference (COP26) Snubs Oil Majors Including ‘Principal Partners’

According to The Wall Street Journal, oil firms BP and Shell will have a smaller profile at the UN Climate Change Conference of the Parties (COP) in Glasgow in November...

20th September 2021

Ghana Establishes Petroleum Hub to Boost Economic Growth and Prosperity

Ghana is building a petroleum hub along the coast of the country's Western Region province to facilitate necessary industrial services such as rails, roadways, storage tanks, refineries, and air transportation....

20th September 2021

British Airways Flew Its First Carbon Neutral Passenger Flight Last Week

British Airways flew a completely carbon-neutral flight from London to Glasgow last Tuesday, using a combination of sustainable aviation fuel, offsets, and emissions-reducing measures like switching to half-power during taxiing,...

18th September 2021

Chevron CEO Warns of High Energy Prices

The world is facing high energy prices for the foreseeable future as oil and natural gas producers resist the urge to drill again, according to Chevron Corp.’s top executive. “There...

17th September 2021

ANPG to Announce Bid Winners Next Week; Pleased with Final Results

Angola's National Oil, Gas, and Biofuels Agency (ANPG) expressed pleasure with the onshore bid round's final results despite the current problems brought on by the global pandemic. At the recently...