Norway Reinforces Commitment to Oil and Gas Industry
Norway Doubles Down on Oil and Gas After hitting record highs this year, Norway’s oil and gas investment is expected to grow even higher in 2025. Greater development activity on new projects and the cost of inflation have contributed heavily to the increase in Norway’s oil and gas investment in 2024. Norway’s oil and gas […]
Donald Trump Calls UK’s Shift Away from North Sea Oil a ‘Significant Error’
Donald Trump says UK’s move away from North Sea oil is a ‘big mistake’ The US president-elect said in a social media post that Britain is “making a very big mistake” on its energy policy. On his platform Truth Social, Trump posted a link to an article about Labour’s decision to increase taxes for North Sea […]
Dallas Fed Energy Survey Indicates a Positive Outlook for Oil and Gas Industry
Dallas Fed Energy Survey reveals an improving outlook for oil and gas According to the just-released Dallas Fed Energy Survey, activity in the oil and gas sector increased slightly in the fourth quarter of 2024. The business index gives a broad measure of the conditions energy firms face in the Eleventh District (Texas, northern Louisiana […]
Oil and Gas Firms Embracing Digitalization for a Variety of Applications
Oil and gas companies relying on digitalisation for diverse use cases In recent years, the oil and gas industry has progressed from using digital technologies for select use cases to making their entire processes digital. Certain technologies—such as AI, blockchain, cloud computing, the Internet of Things (IoT), robotics, and virtual and augmented reality (VR and […]
Brazilian FPSO Achieves First Oil Milestone Ahead of New Year Celebrations
Brazilian FPSO ticks first oil milestone off its list before ringing in new year Brazilian energy player Brava Energia, former 3R Petroleum before the merger with Enauta, has brought a floating production, storage, and offloading (FPSO) vessel off the coast of Brazil online, starting production at an oil field in the Santos Basin. Following the […]
Brazil’s Oil & Gas Company Achieves Hat Trick: FPSO Start-up Approval, Production Resumption at Another Field, and Portfolio Growth
Hat trick for Brazil’s oil & gas firm with FPSO start-up clearance, production restart at another field and portfolio expansion Brazilian oil and gas player Brava Energia, former 3R Petroleum before the merger with Enauta, is having a busy holiday season, as green light comes in for the firm to put a floating production, storage, and […]
Briefs: Employment Rates, Record Oil and Gas Sales, and New DCI Leadership
Briefs: Employment rate; Record oil & gas sales; New DCI leader State unemployment rate is below national averageJohn Hooks | Montana Public Radio Montana’s unemployment rate was 3.2% in November. That’s a full percentage point below the national average. According to the State Labor Department, November was the 41st consecutive month below 3.4%, continuing a […]
Africa’s Trailblazing Net Zero Emission Upstream Project Begins New Chapter in Oil and Gas
Africa’s ‘first net zero emission upstream project’ starts its next oil & gas chapter Italy’s energy giant Eni has kicked off production from the second stage of its oil and gas development off the coast of Côte d’Ivoire, which is said to be the largest discovery in this country and the first net-zero upstream project, in terms […]
Landmark Ruling Causes Turmoil in Onshore Oil and Gas – Drill or Drop?
landmark judgement sparks tumult for onshore oil and gas – DRILL OR DROP? In 2024 the country’s highest court ruled on the climate impact of UK onshore oil and gas production, with tumultuous results for the industry. Campaigners outside the Supreme Court after a majority of justices ruled in their favour. Photo: DrillOrDrop The judgement […]
Turkey Sets Its Sights on Involvement in Syrian Oil and Gas Production
Turkey Eyes Role in Syrian Oil and Gas Production Turkey has signaled it wants to take part in the revival of oil and gas production in Syria, Bloomberg has reported, citing a statement by Turkey’s energy minister. Speaking to the media, Alparslan Bayraktar said that Turkey was working to help Syria with its electricity supply, […]