Oil and Gas
Large oil and gas reserves found in South Korea in the East Sea
More than 14 billion barrels of oil and gas. This is equivalent to 300 times greater than the gas discovered in the Donghae gas…
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
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Oil and Gas
Vermont Holds Oil Firms Accountable for Emission Damage Costs
S.259 in Vermont calculates the cost of greenhouse gas emissions from January 1, 1995 through December 31, 2024.
Oil and Gas
Repairs to the Sudan pipeline nearly complete, operations to resume soon
Oil accounts for 90% of South Sudan's foreign exchange earnings.
Oil and Gas
Norway will not allow oil and gas exploration in Nordland 6 area
In 2022, Norway became Europe's largest gas supplier, surpassing Russia.
Oil and Gas
AI-enabled industrial drone unveiled at Pipeline & Gas Expo 2024
Drone pipeline inspection accounted for 17% of the global market in 2022, with a projected growth of 14.2% annually through 2033.
Oil and Gas
Tellurian sells upstream assets and signs LNG purchase agreement with Aethon Energy
The proceeds from the sale of the assets will enable Tellurian to pay off debt and strengthen its balance sheet in the long term.
Oil and Gas
Norwegian Wells in North, Barents Seas Yield No Success
Attempts to collect fluid samples were unsuccessful due to compaction of reservoir rocks.
Oil and Gas
Saudi Aramco Aims to Cut Emissions While Continuing Oil Output
Aramco plans to capture and store 9 million tons of carbon annually at Jubail starting in 2028.
Oil and Gas
Germany to eliminate in-transit gas storage taxes by 2025
Germany continues to support the diversification of gas supply in Europe by improving gas imports.
Oil and Gas
First tender for hydrogen blending in public gas network in Portugal
The auction is designed to facilitate the integration of renewable gases into the public gas infrastructure.
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