Latest news
Total seeks to sell stake in major Nigerian offshore block
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion.
read more... 07/11/2019
Equinor makes Norway oil, gas find of up to 100 million barrels
Norwegian energy major Equinor and its partners have found oil and gas at the Echino South prospect near the Fram field in the North Sea, the company said on Wednesday.
read more... 06/11/2019
Oil industry needs $10.6 trillion investment up to 2040
Upstream sector requires $8.1 trillion, while downstream and midstream need $1.4 trillion and $1 trillion between 2018-2040
read more... 05/11/2019
UK Gov't Halts Fracking In England Ahead Of General Election
The U.K. fracking industry has grounded to halt as the British government ended its support for the controversial practice of extracting oil out of the ground, reported Bloomberg.
read more... 04/11/2019
China wind power firm plans $1 billion LNG terminal by end-2022
China’s Suntien Green Energy Co. Ltd, a wind power producer and piped gas distributor, plans to build a $1 billion liquefied natural gas (LNG) receiving terminal in north China by end-2022, after its investment plans won state approval, a company official said.
read more... 01/11/2019