UK to Revamp Oil and Gas Windfall Tax System Post-2030
UK to overhaul oil and gas windfall tax regime after 2030 The UK Government has announced plans to reform its windfall tax regime on oil and gas producers once the current levies expire in 2030. The government aims to transform the North Sea into a renewables hub, focusing on clean energy sources alongside existing oil […]
BLM Unveils Oil and Gas Lease Sale in Montana and North Dakota
BLM announces oil and gas lease sale in Montana and North Dakota BILLINGS, Mont. — The Bureau of Land Management Montana-Dakotas State Office announced an oil and gas lease sale for April 29. The sale will offer 11 oil and gas parcels, totaling 4,266 acres in Montana and North Dakota. Public comment was collected from […]
Industrial Valves in the Oil and Gas Market Set to Expand by USD 2.56 Billion from 2025 to 2029, Fueled by Demand for Efficient Solutions and AI Innovations Transforming the Landscape
Industrial Valves in Oil and Gas Market to Grow by USD 2.56 Billion From 2025 to 2029, Driven by Demand for Efficient Valves, with AI Redefining Market Landscape NEW YORK, Feb. 13, 2025 /PRNewswire/ — Report with market evolution powered by AI – The industrial valves in oil and gas market and it is set […]
India Poised to Initiate New Oil and Gas Auction Rounds
India Set to Launch New Oil and Gas Bid Rounds India plans to launch new oil and gas licensing rounds as early as this week, Oil Minister Hardeep Puri said on Monday, as the world’s third-largest crude oil importer looks to boost its domestic hydrocarbon supply. Puri also said that energy will likely be a […]
BP Strikes Oil and Gas Reserves in the Mediterranean Sea
BP hits oil & gas pay in Mediterranean Sea UK-headquartered energy giant BP has found more oil and gas in the northern Mediterranean within the Egyptian Exclusive Economic Zone (EEZ). The announcement of BP’s new oil and gas discovery in King Mariout was made by Dr. Mostafa Madbouly, Egypt’s Prime Minister, during a press conference on February 6, […]
AI and ML in the Oil and Gas Market Projected to Exceed $4.9 Billion by 2034, According to Global Market Insights Inc.
AI & ML in Oil & Gas Market to cross $4.9 Bn by 2034, Says Global Market Insights Inc. Global Market Insights Inc. Major AI & ML in oil & gas market participants include ABB, Baker Hughes, C3.ai, Halliburton, IBM, Intel, Palantir, Schlumberger, Siemens Energy, Yokogawa Electric. Selbyville, Delaware, Jan. 28, 2025 (GLOBE NEWSWIRE) — […]
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 […]
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 […]
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 […]
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 […]