Asia needs USD 1 trillion a year for energy security, says McKinsey report
The consultancy has raised its forecast for Asia’s energy demand in 2040...
Oil and Gas
Russia cuts gas flows further: What’s next for Europe?
Recently, the European Union urged its member states to reduce their gas...
Freeport LNG to shut down for three weeks, disrupting global energy markets
It will likely impact European and Asian markets as well....
Local giant Seplat grows in Nigeria’s oil and gas sector
Local giants in the sector have emerged over the past decade in...
Saudi Oil Export prices jump in October due to higher oil prices
Non-oil exports increased by over 25%...
ADNOC Drilling and Helmerich & Payne sign framework agreement to enable growth
The agreement will advance ADNOC Drilling's land rig operational performance, and support...
Saudi crude oil exports rises to the highest levels since April 2020
Crude oil export increases to 6.833 mn barrels per day (bpd)...
OPEC+ to stay cautious as oil market surplus comes in December
OPEC+ is gradually unwinding record production costs observed in 2020 by raising...
High oil demand might dampen recovery: OPEC
The regulatory body expects oil demand to average 99.49 million barrels per...
Amid climate change concerns, global fossil fuel use accelerates
Global temperatures could rise by more than 3°C and the world economy...