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OPEC “cautiously optimistic” about oil demand amidst reopening of China

(Bloomberg) — OPEC’s top official said he sees a “more upbeat” economic outlook as China reopens after several years of virus restrictio.........【More】

2023-02-08

U.S. Department of Energy advances MMEX Resources to final application stage for Trans Permian H2Hub

(WO) — MMEX Resources Corp., sponsor of the Trans Permian H2Hub announced that The U.S. Department of Energy (DOE) approved its concept paper to advance t.........【More】

2023-01-04

Eolus receives research permits for two offshore wind projects in Finland

(WO) — Eolus has taken important steps towards offshore wind production in Finland, receiving research permits for two offshore wind farms in the Bothnian.........【More】

2023-01-03

New CEO of Petrobras to focus on energy transition

(Bloomberg) — President-elect Luiz Inacio Lula da Silva has selected a senator and former Petrobras official to lead Brazil’s state-controlled oil g.........【More】

2023-01-03

World Oil’s Top Stories of 2022: 1-5

(WO) — 2022 was an enormous year for the oil and gas industry. From oil discoveries in Wyoming to Russia working around Western sanctions, there was no sh.........【More】

2022-12-29

CNOOC Limited begins production on block development project offshore China

(WO) — CNOOC Limited announced on Dec. 25 that Kenli 6-1 oilfield 5-1, 5-2, 6-1 block development project commenced production.The project is in the south.........【More】

2022-12-28

Saudi Arabia invites China’s Xi to form energy partnerships

(Bloomberg) — Two months after snubbing U.S. President Joe Biden’s pleas for oil, Saudi Arabia is rolling out the red carpet for his Chinese counter.........【More】

2022-12-23

Saudi Arabia sharpens petrochemicals focus in energy transition

(Bloomberg) — Saudi Arabia plans to allocate more than a third of its current oil output to chemical production by 2030 in a bid to squeeze more value fro.........【More】

2022-12-23

KCA Deutag Land Drilling Business awarded over $85 million worth of contract awards and extensions

(KCA Deutag) — KCA Deutag, the global drilling, engineering and technology provider, has secured contract awards and extensions in Oman, Northern Iraq and.........【More】

2022-12-22

Arena Energy acquires properties in Gulf of Mexico from GOM Shelf

(WO) — Arena Energy, LLC, a leading independent oil and gas exploration company focused on the Gulf of Mexico Shelf, announced it has closed on the acquis.........【More】

2022-12-21