Some of the world’s biggest economies are seeing oil consumption turn the corner and even surpass pre-pandemic levels as falling Covid-19 infection rates drive a recovery in activity. Oil demand in China, the world’s top energy consumer, will be 13% higher next quarter than…
Gazprom PJSC is planning to start flowing natural gas through one of the world’s most controversial pipelines next month, according to people with direct knowledge of the company’s plan. The Russian gas giant wants to begin shipping the fuel through the first leg of…
The prolonged shutdown of Gulf of Mexico oil production in the wake of Hurricane Ida is creating an opportunity for Russia to expand its share of the US oil market. Imports of Russian oil Urals to the US are set to increase in September…
US oil major ExxonMobil has revealed a new discovery has been made at the Pinktail well in the Stabroek Block offshore Guyana. Furthermore, an FPSO for the second phase of Exxon’s Liza development has started its journey from Singapore to Guyana. The Pinktail…
Siemens Gamesa has introduced the world’s first recyclable wind turbine blade for commercial use offshore. The company has produced the first six 81-metre (266-foot) long RecyclableBlades at its blade factory in Aalborg. Many wind turbine components, such as the tower and nacelle, have…
Soluna Technologies, Ltd, known for the 900 megawatt (MW) wind farm and blockchain computing centre under development in Dakhla, Morocco, is now called Harmattan Energy, Ltd. The Chief Executive Officer, John Belizaire renamed the company after Mechanical Technology, Inc (MTI) acquired Soluna Computing —…
Var Energi AS has been granted a permit by the Norwegian Petroleum Directorate to drill in Barents Sea production licence 901. Well 7122/6-3 S – the first exploration well to be drilled in the licence – will be drilled from the Scarabeo 8 rig…
Egyptian natural gas will be piped to Lebanon via Jordan and Syria to help boost its electricity output under a plan agreed by the four governments on the 8th September to ease a crippling power crisis. The plan, which an Egyptian minister said would be implemented…
Mineral Resources Limited (MRL) has revealed that recent drilling activity has led to a “significant” gas discovery at the Lockyer Deep 1 project in the onshore Perth Basin, within Exploration Permit EP368. Drilling commenced at the Lockyer Deep 1 well location in late July…
Norway-based oil and gas company Noreco has entered into a CCS partnership with Denmark’s Ørsted and the Technical University of Denmark (DTU) together with its partners in the Danish Underground Consortium (DUC) on progressing carbon capture and storage (CCS) in the Danish North Sea. …
