Oil and Gas NEWS

China’s President Xi Jinping called for greater efforts to curb carbon dioxide emissions, a signal the biggest polluter won’t backslide on climate targets even as it turns to fossil fuels for energy security.

Eni delivered a gas cargo of 90 MMcm to the SNAM regasification terminal in Piombino, Italy, on July 8. Unloading operations took place following the completion of the test phase and mark the beginning of the terminal’s commercial operation.

Asia needs to reach net zero before the world can do so, Tengku Muhammad Taufik said when asked about his views on the world’s net-zero targets. Encompassing fossil fuels as part of the energy base, at least for the first half of the century, is needed if the world wants to move itself away from energy shocks, the Petronas CEO added.

Singapore-headquartered upstream independent Jadestone Energy intends to strengthen its executive management team following the past several months that its chairman Dennis McShane admits have been “disappointing” to all its stakeholders.

Borr and Shelf say capital returns to shareholders will be enabled by thriving market conditions

New oil and gas is needed, but source of financing to drill remains an issue

Southern ITS International, Inc. announced that its subsidiary, Pure Oil & Gas, Inc., is providing a Progress Report on its first well drilled in Eastland County, Texas.

On June 8, a Rebellion Energy Solutions methane-abatement and land-restoration project became the first orphan oil-and-gas well plugging project to be listed by the American Carbon Registry. Rebellion's project, for which it completed operations last month, is designed to generate durable, verifiable carbon-offset credits under ACR's recently finalized methodology.

Global oil demand growth will trickle nearly to a halt by 2028, the International Energy Agency found in its latest Oil 2023 medium-term market report.

Shell CEO Wael Sawan sees “very robust” demand for oil and gas in the near and medium term, he told CNBC’s “Squawk Box” on Wednesday. British energy giant Shell is boosting its oil and gas production to book profits in the near term. It’s also building out electric vehicle charging stations across Asia.

First published in 2022, the ban concerns a poster seen in Bristol in southwest England, a TV ad and a video posted on Shell’s YouTube channel.

Brazilian oil giant Petrobras has issued a tender to contract a fresh batch of subsea trees and associated equipment to assist in the development of two producing units to be deployed in the ultra-deepwater section of the Sergipe-Alagoas basin.

The intensity of methane and greenhouse gas emissions from the oil and gas sector declined 28% and 30%, respectively, between 2019 and 2021 among the largest producers in the country, according to an analysis published by the nonprofits Clean Air Task Force and Ceres.

The IEA has underlined a disconnect between investment sentiment fueled by broader economic fears and tightening supply-demand balances.

Wildfires burning across western Canada have forced thousands of people to evacuate their homes and have prompted some oil and gas companies to curb production as blazes approach pipelines.

Oil companies have submitted expressions of interest in acreage, according the hydrocarbon minister

A protest movement opposing plans for a Shell-backed regasification terminal in the Philippines has come to London to have its voice heard.

Keppel claimed $440mn plus interest for the first rig million and $269mn plus interest for the second rig. Awilco has warned that any ruling against the company could result in bankruptcy.