Oil and Gas

The 5 Key Takeaways From CoP27

Time is ticking and catastrophic natural events are on the verge of becoming a new normal for human existence. The uncertain times of economic and regional instabilities are marred by dreadful climate events across the globe – from floods in Pakistan to raging forest fires in Australia. The signs are clear for the policymakers and […]

Read more

Multi GW RE growth opportunity for Origin Energy this decade, says firm

Australian oil and gas major Origin Energy Limited (Origin) has announced it intends to undertake an initial on-market share buy-back of $250 million. The share buy-back is expected to commence in April 2022. Origin CEO Frank Calabria said, “Origin is in a strong financial position, with a robust outlook for the business and a capital structure […]

Read more

NexGen Energia Seeks Gold In CBG With 1000 CBG Plants Ambition

A clean fuel energy company, NexGen Energia is focused on exploring opportunities to establish green diesel refineries and Compressed Biogas (CBG) production units which it insists is set to be the ‘future fuel of India’. The company has pioneered in the art of making CNG (CBG) from locally sourced waste and agricultural waste in India, […]

Read more

Energy Transition May Cost Upstream Oil & Gas Sector $14 T: WoodMac

Even a rapidly transitioning world needs oil and gas supply for decades to come The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie. Oil and gas is a risky business. Over the years, those risks have been tempered by a single tenet […]

Read more

With Right Investments, UK can Lead World to Net-Zero Goals: Report

Wood Mackenzie has delivered a comprehensive roadmap for the North Sea’s future to the OGTC, setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS). Closing the Gap – Technology for a Net Zero North Sea produced by Wood Mackenzie for the OGTC, with support from […]

Read more

Firms Turning to Renewables to Power Oil & Gas Operations: IHS Markit

A new report has revealed that oil and gas field operations are beginning to be fuelled by a surprising source – renewables. A new report has revealed that oil and gas field operations are beginning to be fuelled by a surprising source – renewables. According to new research by IHS Markit, oil and gas companies […]

Read more

Offshore Wind Capex in Europe to Surpass Upstream Oil and Gas by 2022: Rystad

A new analysis has predicted that the capex on offshore wind will match upstream Oil and Gas spending in Europe in 2021, and surpass it in 2022 The oil market collapse caused by the COVID-19 pandemic is set to delay several oil and gas developments in Western Europe, putting capital expenditure in the offshore sector […]

Read more