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Total's upstream oil and gas business propels Q1 recovery
Total on April 29 reported a strong first-quarter recovery in its upstream oil and gas business, with higher prices leading to almost triple the level of adjusted operating profit in the segment compared to a year ago, but also noted continued market volatility and "very poor" refining margins.
read more... 29/04/2021
Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021
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Israeli energy giant plans $1.1B gas deal with UAE company
One of Israel's biggest energy companies plans to sell its share of a large offshore gas field to a firm based in the United Arab Emirates for an estimated $1.1 billion, the biggest such deal since the two countries normalised ties last year. Delek Drilling, owned by the Israeli billionaire Yitzhak Tshuva, said Monday that it signed a memorandum of understanding with Mubadala Petroleum, part of a conglomerate owned by the government of Abu Dhabi. The proposed deal was detailed in a notification filed with Israeli authorities.
read more... 27/04/2021
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RIL, BP announce start of production from deepwater gas field in KG-D6
Reliance Industries Limited (RIL) and bp today announced the start of production from the Satellite Cluster gas field in KG-D6 block off the east coast.
read more... 26/04/2021
New oil and gas discovery in the Norwegian Sea
Recoverable resources so far have been estimated at between three million and 4.2m standard cubic metres of oil equivalent
read more... 23/04/2021