Oil and Gas
Aker Solutions extends contract with bp for North Sea assets
The agreement expands Aker Solutions services for bp and incorporates assets located in the central North Sea.
Oil and Gas brings together the main developments across exploration, production, transport, refining and market activity in the global hydrocarbons sector. This section covers news on operators, projects, infrastructure, investments, supply dynamics and industrial decisions influencing the performance of oil and gas markets.
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Latest Oil and Gas News
Maritime
Hormuz Oil Flows Recover but Reveal a 10 Million Bpd Gap
Hormuz oil flows are recovering rapidly, but major differences between JPMorgan, Goldman Sachs and other estimates reveal uncertainty over how much crude is actually…
Oil and Gas
OPEC+ is expected to maintain its oil production unchanged during November
OPEC+ could maintain its oil production targets for November while preparing future quotas for its members.
Oil and Gas
Germany bolsters its gas reserves ahead of winter with new purchases from SEFE
Germany increases its gas reserves through SEFE while diversifying suppliers to ensure winter energy supply.
Oil and Gas
India increases purchases of Middle Eastern crude and reduces those from Russia
India increased its purchases of Middle Eastern crude to 3 million bpd while reducing Russian purchases to 1.75 million bpd.
Oil and Gas
Dangote begins $16 billion oil refinery project in Kenya
Dangote begins construction of an oil refinery in Kenya to strengthen East Africa's energy supply.
Oil and Gas
FID Triggers LNG Canada Phase 2
LNG Canada's FID triggers an expansion that will double capacity from 14 to 28 Mtpa, simultaneously expanding the pipeline, compression, and marine terminal.
Oil and Gas
Mermaid Maritime creates a joint venture in Nigeria with TotalEnergies
Mermaid Maritime and Marine Platforms create a joint venture in Nigeria to provide subsea services to TotalEnergies and other operators.
Oil and Gas
Italy and the Czech Republic call for changes to the EU carbon market
Italy and the Czech Republic propose adjustments to the EU carbon market and energy standards to reduce pressure on costs.
Oil and Gas
Strategic Oil Reserve falls to its lowest level since 1982
The US Strategic Petroleum Reserve reaches its lowest level since 1982 after further inventory reductions.
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