News
India Intends To Invest $2 Bn In Green Hydrogen Business
According to three sources cited by Reuters, India is developing a $2 billion incentive scheme for the green hydrogen industry...
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Aramco and TotalEnergies to build petrochemical complex in Saudi Arabia
The Saudi Arabian Oil Company and TotalEnergies have taken the final investment decision for the construction of a world scale...
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TotalEnergies announces a new gas discovery in offshore Block 6
TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This...
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Turkey boosts Black Sea natural gas reserves with new discovery and existing offshore work
Turkey boosted its estimate of natural gas reserves in the Black Sea by nearly a third, thanks to appraisal work...
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CNOOC Limited begins production on block development project offshore China
The project is in the south Bohai Sea, with an average water depth of around 19 m. The main production...
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Following A Price Cap, Russia Says May Reduce Oil Production
In response to price limitations on its crude and processed products, Russia may reduce oil production by 5 to 7%...
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Newest Mexico Oil Refinery To Run Half Strength By Mid-2023
According to the reports that came in on December 24, the newest refinery of the Mexican state oil corporation Pemex...
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Cyprus Gas Discovery Offers Significant Energy Potential
According to the Cypriot government, a recent gas discovery off the coast of Cyprus demonstrates the bright energy potential of...
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Australian Market Interference Interrupts $674m Gas Project
The Australian government's radical intervention in the gas market has shown that it could hurt future investments. For instance, Senex...
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Findings that doubled exploration success in Malaysia in 2022
Off the coasts of Sarawak, Sabah, and Peninsular Malaysia, a total of nine oil and gas discoveries were made. Petronas...
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