The steep rise of COVID-19 infections in India and the continuously worsening situation in the country has prompted Rystad Energy to significantly downgrade its short-term global liquids demand estimate. India’s struggle will slash an extra […]
Eni has started gas production from the Merakes Project, located in the East Sepinggan block in the Makassar Strait, deep offshore East Kalimantan, Indonesia. The Project is a deep-water gas field development at offshore Kutei […]
Wintershall Dea and operator bp have begun to produce gas from Raven, the fifth field of the offshore West Nile Delta project. Currently, Raven’s gross production is approximately 600 million standard cubic feet of gas […]
Reliance Industries Limited (RIL) and bp have announced the start of production from the Satellite Cluster gas field in block KG D6 off the east coast of India. RIL and bp have been developing three […]
Lundin Energy AB has announced that it has sold the world’s first ever certified carbon neutrally produced oil to Saras S.p.A, from its Edvard Grieg field, offshore Norway. Lundin Energy’s Edvard Grieg field is the […]
Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total has confirmed the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads […]
Natural gas production in the US is set to grow to a new record in 2022, at 93.3 billion cubic feet per day (Bcfd) and will continue to rise further, exceeding 100 Bcfd in 2024, […]
The adoption of electrification in transport and other oil-dependent sectors is accelerating and is set to chip away at oil sooner and faster than in Rystad Energy’s previous forecast. As a result of this transition, […]
The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for March 2021 show an average daily production of 2,094,000 barrels of oil, NGL and condensate. Total gas sales were 9.8 billion Sm3 (GSm3), which […]
Maersk Drilling has been awarded a contract with Karoon Energy Ltd for the semi-submersible rig Mærsk Developer to perform well intervention on four wells at the Baúna field offshore Brazil. The contract is expected to […]
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