“Last year was disappointing for discovering gas and liquid volumes from high-impact wells, but 2022 is on track to make up for that slump,” a Rystad Energy analyst noted
Author Archives: Faiza Rizvi
India’s ONGC signs deal with US major Exxon Mobil for deepwater exploration
Data exchange between both companies has led to the exploration partnership agreement, ONGC said
Saudi ACWA Power to sign $2.4 billion wind project deal in Uzbekistan
Upon completion, the project would be the biggest single site onshore wind project in the region
Abu Dhabi’s Tadweer signs agreement for waste-to-energy project
Under the agreement, KEO International Consultants will provide consulting services and a feasibility study of the project
Oil majors’ climate scenarios incompatible with Paris Agreement, report finds
Climate pledges made by BP, Shell and Equinor don’t align with Paris Agreement goals, a new report shows
Oil prices fall on economic slowdown, more supply
The market is faced with the prospect of rising supply as demand moderates
APICORP, Nogaholding to collaborate on ESG and green finance solutions
Both companies will work closely to strengthen corporate sustainability and ESG practices
Penspen reports new contracts worth $48 million in Q2 2022
The company has secured over seven new contracts in the Middle East including a multi-year framework agreement with a major Middle East national oil company
Saudi oil giant ready to boost crude oil output, if needed
The world’s largest exporter of crude oil said it stands ready to accelerate production to its maximum capacity of 12.3 MMbbl/d over the next three years
Saudi Aramco sets new record with $48.4 billion quarterly profit
Aramco’s half year net income soared to $87.9 billion, beating earnings of the largest listed oil majors, including Exxon Mobil, Chevron and BP