“North Sea oil and gas production is still vital”

Oil and Gas Authority Chairman said North Sea exploration can ensure a successful energy transition to net zero

Norway to phase out Oil for Development programme

The government has decided to discontinue the programme by 2024 so it can retarget the funds towards climate-friendly projects

Greek petroleum giant acquires 12 wind parks

Located in central and northern Greece, the projects will have a total capacity of 240MW

bp sells 20% stake in Omani gas project for $2.6bn

The move is part of a $25 billion divestment programme by 2025

Oil discovery in Egypt’s Western Desert

Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day

US seizes four Iranian fuel tankers bound for Venezuela

According to the Department of Justice, it is the government’s largest ever seizure of fuel shipments from Iran, with a total of around 1.116m barrels of petroleum

India plans to store oil in the US amid the global pandemic

As part of a new agreement with the US, India discussed the possibility of storing oil in the American emergency stockpile

Norway sees increase in offshore CO2 emissions

Petroleum activities in the Norwegian Continental Shelf generated 13.5 million tonnes of carbon emissions in 2015. That’s a 3% increase – or 400,000 tonnes – compared to 2014, according to the Norwegian Petroleum Directorate. It stated the main cause of the increase was start-up difficulties on the Knarr field and the Valemon and Edvard Grieg […]

US remains top natural gas, petroleum producer

The US produced more petroleum liquids and natural gas than any other nation last year. Production first surpassed Russia in 2012 and the US has been the highest natural gas producing nation since 2011 and the world’s top producer of petroleum since 2013, according to the Energy Information Administration (EIA). US petroleum supply increased by […]

$38m to study oil effects in Gulf of Mexico

Almost $38 million (£24.32m) has been invested to study the effects of oil in the Gulf of Mexico. A total of 22 research projects will use a share of the grant from the Gulf of Mexico Research Initiative (GoMRI), an independent 10-year programme established following the Deepwater Horizon incident. Five years ago BP’s oil rig explosion […]