Malaysia launches 10-year blueprint to revive oil and gas sector
KUALA LUMPUR - Malaysia is seeking to rescue its ailing oil and gas ecosystem with an ambitious 10-year plan after fuel prices were battered last year by the Covid-19 pandemic.…
news_oilandgas_outlook2021
Optimistic Outlook for Oil & Gas Sector: Federal Reserve survey
Houston — Fourth quarter oil and gas sector activity jumped, energy executives said in the survey of the Federal Reserve Bank of Dallas released Dec. 30, while about half of those…
OGCI: Online gas-flaring tracking system in development
HOUSTON - The Oil and Gas Climate Initiative (OGCI) announced a technical and financial sponsorship commitment of nearly $1M USD to the Payne Institute for Public Policy (PIPP) at Colorado…
Neptune’s North Sea projects reached major milestones
COURBEVOIE, FRANCE - Neptune Energy announced the safe and successful installation of subsea oil and gas production flowlines and gas lift flowlines for its Duva & Gjøa P1 developments in…
Eni is looking to sell assets in Congo & Norway
LONDON (Bloomberg) --Eni SpA is looking to sell assets in Norway and the Republic of Congo as oil’s slump prompts companies across the industry to rein in spending, according to…
Texas accuses Saudi Arabia and Russia of dumping
AUSTIN - The Interstate Oil and Gas Compact Commission (IOGCC) this week passed Railroad Commission Chairman Wayne Christian's (R - Texas) resolution urging the federal government to investigate excessive dumping…
Beyond U.S. shale, Halliburton charts a different course
HOUSTON (Bloomberg) --Halliburton Co. is looking away from its traditional North American heartland for sales growth as the fracking behemoth works its way through an historic oil bust. Shares for…
Warren Buffett bets $9.7 billion on natural gas
NEW YORK (Bloomberg) --Warren Buffett’s $9.7 billion bet on natural gas looks even more contrarian today. As Democrat Joe Biden unveils a staggering $2 trillion clean-energy plan—the most ambitious climate…
Joe Biden Proposes Clean Energy Investments
Democratic presidential candidate Joe Biden proposed a $2 trillion clean energy and climate change package on Tuesday, a plan that would overhaul transportation, electricity, and heavy industry. Some of the highlights include making…
Global Oil Prices face an unknown factor this year
The pandemic is this year’s big unknown for the global oil markets and the global economy. The oil market is unlikely to be completely out of the woods in four…