International

UAE, Opening Oil and Gas Summit, Says No Unplugging From Hydrocarbons

Abu Dhabi National Oil Co (ADNOC) Chief Executive Sultan al-Jaber said on Monday the world could not "simply unplug" from hydrocarbons and that the oil and gas industry needed to invest over $600 billion a year until 2030 to meet expected demand

Cairn Energy To Change Name To "Capricorn Energy"

Britain oil and gas explorer Cairn will change its company name from Cairn Energy Plc to Capricorn Energy PLC, with effect from December 13, 2021

OPEC+ Expected to Ignore U.S. Calls for Extra Oil This Week

OPEC and its allies are expected to stick with plans for a modest increase in oil supplies this week, shunning calls from consumers to cool the price rally

Intertek Awarded Contract by Tatweer Petroleum

Intertek, a leading total quality assurance provider to industries worldwide, is pleased to announce it has been awarded a contract by Tatweer Petroleum for the provision of quality assurance solutions in Bahrain.

Wintershall Dea planned offshore CCS by 2025 at project Greensand

The Project Greensand CCS Consortium in Denmark is moving decisively ahead. In the upcoming pilot phase the consortium will demonstrate that CO2 can be injected into the offshore Nini West reservoir in a cost-effective and environmentally safe manner.

Petrofac to fundraise £200million to pay for SFO bribery settlement

Petrofac has announced a £200million fundraise through share placing in order to help pay a Serious Fraud Office (SFO) fine for bribery offences

Russia close to using natural gas as weapon in Europe gas crunch - Biden energy adviser

U.S. President Joe Biden global energy security adviser said on Monday that Russian President Vladimir Putin is getting close to using natural gas as a political tool if Russia is holding back fuel exports to Europe as it suffers an energy crunch.

Indian refiners willing to join forces for cheaper oil imports

India private oil refiners are willing to work with state-run peers to bargain collectively for better oil import deals, oil minister Hardeep Singh Puri said on Friday, as the nation looks to cut its import bill