Oil and Gas

By: Inspenet, December 14, 2022.
Walid Fayad, Minister of Energy and Water of Lebanon, and Patrick Pouyanné, President and CEO of TotalEnergies, met at the company’s headquarters and discussed the development of TotalEnergies’ activities in Lebanon, confirming that the teams in charge of Drilling operations on Block 9 are already mobilized.

By: Inspenet, December 14, 2022.
The President of Turkey (Türkiye), Recep Tayyip Erdogan, announced this week, during a meeting of the Cabinet of Ministers, the discovery of a new oil field in the region of Mount Gaba, in the province of Sirnak, Anadolu agency reports.

By: Inspenet, December 13, 2022.
The Guyana government has published the first round of tenders to develop open water oil fields. Guyanese President Irfaan Ali said they expect to award 11 shallow-water mining blocks and another three deep- and ultra-deepwater blocks by May 31, 2023.

By: Inspenet, Dec 9, 2022
Neptune Energy, together with its licensing partners, has announced the discovery of oil and gas in the Calypso exploration well, located on production license PL938, in the Norwegian Sea.

By: Inspenet, December 8, 2022.
Chinese oil imports rose 12% in November from a year earlier and reached their highest level in ten months, according to data from China’s General Administration of Customs.

By: Inspenet, December 8, 2022.
Petronas Carigali, a wholly owned subsidiary of Malaysian energy giant Petronas, has made a new oil and gas discovery in Block SK 100, offshore Malaysia.

By: Inspenet, December 5, 2022.
The members of OPEC+ decided yesterday, Sunday, to maintain their oil production levels in a particularly unstable context, the eve of the entry into force of the sanctions against Russian oil.

By : Inspenet, Nov 30, 2022
A group of organizations linked to the oil industry have joined their agribusiness and biofuels peers for the first time in expressing their support for US legislation that would expand E15, a higher blend of ethanol and gasoline, to the entire country. reported Reuters.

By: Inspenet, November 29, 2022.
The price of Brent crude traded below $82 a barrel on Monday for the first time since January 11, according to data from the London ICE stock exchange. The January futures price for this brand of crude fell 2.79% to $81.3 per barrel.

By : Inspenet, Nov 29, 2022
Guyana is home to one of the biggest oil discoveries of the last decade, with around 11 billion barrels discovered so far. A consortium that controls the country’s crude production plans to pump 1.2 million barrels per day (bpd) by 2027, up from 380,000 bpd expected by the end of the year.