Natural gas demand fell only 3% in 2020 as a result of COVID-19 but its future is looking bleaker, a new report from S&P Global has warned.
Upstream investment firm Reabold Resources has hailed a significant boost to its footprint west of Shetland through its stake in Corallian Energy.
After weeks of tensions in the eastern Mediterranean, Greece and Turkey have signalled a willingness to start talks aimed at resolving a long-standing sea dispute tied to potentially lucrative offshore gas deposits.
Singapore’s Minister for Trade & Industry, Chan Chun Sing, will open the Gastech Virtual Summit 2020.
Shell will kick off seismic studies on the Resolution and Endeavour gas discoveries in the North Sea in the first quarter of next year.
Deltic Energy has announced a “material increase” in estimates of gas at a North Sea licence which Shell farmed into last year.
China Petroleum and Technology Development Co. (CPTDC) has won work to provide natural gas compressors to Orca Energy in southern Tanzania.
Ofgem has said it will slash bills for around 15 million households by as much as £95 as the regulator reduced its cap on energy bills to their lowest level yet.
Exxon Mobil Corp. warned that low energy prices may wipe as much as one-fifth of its oil and natural gas reserves off the books.
Unemployment lies at the heart of Nigeria’s economic crisis, BFA Foundation’s founder and CEO Olu Verheijen has said, and developing the country’s gas resources will be a valuable step in industrialising.
Oil edged lower ahead of an OPEC+ meeting this week at which the group may announce plans to start tapering historic production cuts even as the coronavirus surges unabated in many parts of the world.
Eni has found gas offshore Egypt, in the Nile Delta’s North El Hammad licence.
Energean will listen to offers for huge UK gas discovery, but not ‘actively’ seeking buyers, boss says
Energean’s boss said on Monday he would listen to good offers for its soon-to-be-acquired stake in the UK’s biggest offshore gas discovery in a decade.
Weak gas prices saw profits slip at Chrysaor last year, who recently became the largest net producer in the UK North Sea.
Algeria’s Sonatrach has signed a deal with Societe Tunisienne de l'Electricite et du Gaz (STEG) extending gas supplies.
A Mozambique audit has raised concerns about upstream companies misstating recoverable costs, highlighting South Africa’s Sasol in particular.
Testing of Egypt’s El Salmiyah-5 has seen the well flow at rates of around 8,700 barrels of oil equivalent per day, United Oil & Gas has reported.
The Oil and Gas Authority (OGA) has published new research in a bid to show the continued need for North Sea resources, despite the Covid-19 pandemic.
According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
Polish oil refiner PKN Orlen’s announcement that it will only complete the 1 GW Ostroleka power plant if it is fuelled by gas and not coal signals that Poland’s energy transition is underway.
The UK gas balance has reached a deadlock for the summer, according to energy research firm Wood Mackenzie (Woodmac).
Foxtrot International and its partners in the CI-27 licence have reached a deal to invest in the area to keep gas flowing to power plants.
Savannah Energy has paid down $40 million of debt as of the end of March as a result of its Nigerian gas supply business.
The Oil and Gas Authority (OGA) has given the nod for a southern North Sea gas project to go ahead.
IGI Poseidon has invited companies to submit plans for the offshore parts of the proposed EastMed gas pipeline, which will run from the southeast Mediterranean into Europe via Greece and Cyprus.