Oil & gas news
Oil prices steady as Covid-19 concerns offset by positive Chinese economic data
Oil prices are steady after early losses, as traders put hopes on China’s economy, a positive note against renewed Covid-19 concerns.
Total ends membership of API
Total has said that API's climate positions were only "partially aligned" with its own.
Apex International Energy announces oil discovery in Western Desert of Egypt
The discovery was achieved at the SEMZ-11X well located 10 km west of Zarif field, the nearest producing field.
Heirs Holdings acquires 45% of Nigerian onshore oil licence from Shell, Total and Eni
The transaction is one of the largest oil and gas financings in Africa in more than a decade, with a financing component of US$1.1 billion.
Union Jack Oil increases interest in Biscathorpe project
Following completion of the acquisition Union Jack will hold a 45% interest in the project.
EIA expects US fossil fuel production to increase through 2022
The US Energy Information Administration expects production of all fossil fuels – crude oil, coal, dry natural gas, and natural gas plant liquids – to increase in 2022, but forecast fossil fuel production will remain lower than the 2019 peak.
Dana Petroleum cancels one-well contract with Maersk Drilling
The contract was first announced in Maersk Drilling’s May 2020 Fleet Status Report.
Halliburton deploys industry’s first electric grid-powered fracturing operation
The job is being performed on several pads for Cimarex Energy Co. in the Permian Basin.
FPP use renewable energy to support oil and gas facilities
The clean-tech company has endeavoured to make the oil and gas industry greener, through experimenting with using floating wind and wave energy to power oil and gas facilities.
McKinsey research indicates aggregate fossil fuel demand set to peak in 2027
Aggregate fossil fuel demand is set to peak in 2027 – with oil peaking in 2029 and gas in 2037 – partially due to the impacts of COVID-19, according to new research by McKinsey & Co.