The Norwegian Petroleum Directorate (NPD) reports that preliminary production figures for January 2021 show an average daily production of 2,137,000 barrels of oil, NGL and condensate. Total gas sales were 10.4 billion Sm3 (GSm3), which […]
The saying has it that in every crisis there is opportunity, and the oil industry is no exception, with efficiencies and targeted investments being the prime focus areas during and in the aftermath of a […]
The latest IEA’s Monthly Oil Statistics report including November 2020 data shows that for Total OECD: Total OECD production of crude oil, NGL and refinery feedstocks decreased by 7.4% in November 2020 compared to November […]
Qatar’s move to sanction the USD 30 billion North Field Expansion project puts the country on track to return as the world’s largest LNG producer by 2030, a Rystad Energy report shows, based on operational […]
Even though 2020 was the year oil and gas producers reduced output to balance the pandemic-hit demand, Australasia’s production did not only stay resilient, but it also rose a little, a Rystad Energy report reveals. […]
The oil production decline that the COVID-19 pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory. The reserve’s oil output has not only rebounded to pre-pandemic levels but also reached a […]
Baker Hughes and PAO NOVATEK have signed a cooperation agreement aimed at reducing carbon emissions from natural gas and liquefied natural gas (LNG) production. The two companies will cooperate on the development and implementation of […]
bp has agreed to sell a 20% participating interest in Oman’s Block 61 to PTT Exploration and Production Public Company Limited (PTTEP) of Thailand for a total consideration of USD 2.6 billion. Following completion of […]
Equinor has decided to write down the book value of its Tanzania LNG project (TLNG) on the company’s balance sheet by USD 982 million. This will be reflected in adjusted earnings for EPI division in […]
Despite the devastating downturn of 2020, most global majors held up quite well during the market turmoil, a Rystad Energy comparative analysis reveals after measuring key upstream performance metrics. Total outshined all other peers, as […]
Copyright © 2021 | MH Magazine WordPress Theme by MH Themes