Saudi foreign ministry said that the attack was in violation of international law
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Posted inExploration & Production
DP World-owned company begins construction of oil production module in Dubai
Following completion, the topside module will be transported to the Karish field for integration onto a FPSO vessel
Posted inNews
Opinion: How Middle East oil companies should respond to higher oil prices
The recent surge in the oil price is an opportunity for National Oil Companies (NOCs) in the Middle East to reinforce their commitment to transformation. For the moment, profits are plentiful and providing ample funding to their host governments’ budgets. However, the long term pressure on the oil price remains significant and there are no […]
Posted inNews
Climate activists strike again: Oil protesters appear in court after throwing tomato soup at Van Gogh painting
Just Stop Oil said the group’s intention was to generate publicity and “create debate” around the climate crisis
Posted inNews
Saudi oil giant Aramco announces partnership with ICC Cricket Council
The partnership aims to connect Aramco with a global audience of more than one billion cricket fans
Posted inExploration & Production
India eyes major oil and gas boost; offers 26 blocks in mega offshore bid
The Directorate General of Hydrocarbons (DGH), India’s upstream regulator, said earlier this week that India will offer 26 blocks or areas for finding and producing oil and gas in a mega offshore bid round. At the same time, India is also offering 16 areas for prospecting for coal-bed methane in a separate bidding round. “Government […]
Posted inNews
Is an oil war on the horizon?
While US has accused Saudi Arabia of siding with Russia after OPEC+ cuts, Saudi Arabia has firmly denied the accusations, noting that the oil cut is ‘purely economic’
Posted inNews
‘Oil is not a weapon’: Saudi foreign minister hits back against allegations of politicising oil
US has blamed Saudi Arabia for siding with Russia following OPEC’s decision to cut production
Posted inDownstream
5 ways the supply chain will be impacted due to oil prices
From an average customer’s viewpoint, increase in oil prices mean more expensive fuel costs and expected inflation concerning consumer products. However, volatility in oil prices affects different segments of the industry, especially sectors that rely on oil, based on interdependencies, such as logistics, the F&B industry and consumer goods, among others. However, oil prices have […]
Posted inExploration & Production
Goodbye climate goals? UK government proceeds with North sea oil and gas exploration
Britain’s Business Secretary Jacob Rees-Mogg said the new exploration will boost energy security and support skilled jobs