71% of senior oil and gas professionals expect to increase or maintain investment in decarbonization, rising sharply from 54% in 2019, despite volatile market conditions
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Posted inProducts & Services
Oil & gas industry “sits at an inflection point”: Baker Hughes CEO
He noted Baker Hughes’ decision to reduce its carbon footprint by 50% by 2030, with the goal of being net zero by 2050, and urged others to take on their carbon footprints
Posted inProducts & Services
ADNOC to slash greenhouse gas emissions intensity by 25% by 2030
Dr. Sultan Al Jaber said that the company was taking a “comprehensive and holistic approach” to sustainability.
Posted inDRILLING & PRODUCTION
Increased swaption activity may present financial reporting challenges for oil & gas companies
An increased use of swaptions may help upstream oil and gas producers weather lower natural gas prices, but they present financial reporting challenges, says Matt Smith, director in Opportune LLP’s financial instruments group
Posted inDRILLING & PRODUCTION
Q&A: SOGAT director Nick Coles on regional sour gas trends
As the popularity of sour gas soars globally, Dr. Nick Coles, director of Sour Oil and Gas Advanced Technology Conference (SOGAT), speaks to Oil and Gas Middle East about the future of sour gas in the region.
Posted inProducts & Services
New technologies speed up plug and abandonment of oil and gas wells
GlobalData outlines a few key technologies aiding in decommissioning old wells
Posted inDRILLING & PRODUCTION
Dana Gas receives $42mn dividend from Pearl Petroleum
The payment brings total 2019 dividends from KRI to $121mn
Posted inDRILLING & PRODUCTION
Oversupply of oil and demand for gas expected in 2020, says DWF
Slava Kiryushin, Dubai-based global head of energy at DWF, highlights expected trends in the global energy sector in 2020
Posted inExploration
Open for business: How the Middle East’s new approach to partnership could transform the oil and gas sector
The Middle East’s changing approach to foreign partnerships, with an eye on diversification and transformation, is set to reshape the regional oil & gas sector and the IOCs that enter it
Posted inExploration
Lebanon’s offshore blocks likely contain oil, not only gas
A recent appraisal of Israel’s Karish North Discovery have revealed resources including 34mn barrels of light oil, leading the Lebanese Petroleum Administration to believe oil could lurk under Lebanese waters