Asia Pacific’s (APAC) oil and gas industry is expected to rebound in the next 12 months due to increased demand, high commodity prices and a recent surge in merger and acquisition (M&A) in the region.
On Monday, Italian energy giant Eni announced it will now acquire half of British Petroleum’s Libya oil and gas license, with an aim to begin exploration activities in 2019.
Iranian oil minister Bijan Zanganeh has declared that Donald Trump’s interfering with the Middle East oil market could cause oil prices to soar.
Thailand’s state-owned oil company PTT could be on the cusp of entering the rail industry.
That’s the thinking behind an initiative which aims to create a new generation of small-scale oil production platforms that will be able to unlock hard-to-reach oil reserves across the UK Continental Shelf (UKCS).
Since the downturn, oil and gas employees have faced redundancies, pay cuts and organisation re-structuring at work. Will the downturn deter oil and gas professionals from the sector now that the market is recovering?
Now that oil prices are levelling and investment in the sector is picking up, is the oil and gas industry in danger of losing talent to its sister sectors?
Seplat Petroleum’s oil and gas production experienced a slight reduction from first quarter to second quarter 2018, largely on account of shut ins caused by leakages in the Trans Forcados Pipeline.
UK energy giant E.ON, which employs approximately 9,400 UK professionals, has announced it will be cutting jobs to “become more agile” and “remain sustainable”.
BP will buy US shale oil and gas assets from BHP, a global mining company, for $10.5bn in one of the largest purchases from the oil major in over twenty years.
The US city Baltimore filed a lawsuit on Friday against 26 oil and gas giants for “knowingly” advancing climate change issues in the city, targeting companies such as BP, Chevron Corp and Exxon Mobil Corp.
The Church of England has warned oil and gas companies it plans to cut millions of pounds worth of investment in five years- unless a global agreement to slash carbon emissions is signed.
Strikes on the Oil Giant Total’s North Sea oil rigs will commence on 23 July, according to a statement released by Unite, the offshore trade union.
BP has this week announced the start-up of the landmark Shah Deniz 2 project in Azerbaijan along with its first commercial gas delivery to Turkey.
Figures from HM Revenue and Customs (HMRC) suggest oil and gas tax revenues are “in the black” for the first time since the industry downturn.
The Environmental Defense Fund and a group of university scientists have discovered that US Oil and Gas-related methane emissions stand at 13 million metric tonnes- a 60% increase on the Environmental Protection Agency’s initial estimate.
The Oil and Gas Technology Centre (OGTC) has announced it will provide evidence to an inquiry about the future of the North Sea’s oil industry in Aberdeen next week.
Qatar Petroleum has bought (as of Sunday 3rd June) a 30 percent stake in Exxon Mobil’s affiliates in Argentina, granting the state-owned oil giant access to Latin America’s shale assets.
The Oil and Gas Authority (OGA) released a statement on Wednesday (23 May) announcing its offering of 123 licences, 229 blocks and part-blocks to over 60 firms in the 30th Offshore Licensing Round.
Shell has this week announced the discovery of a large deep-water well in the Norphlet geological play in the US Gulf of Mexico.