Strike Forces Equinor to Begin Shutting Down Its Norwegian Oilfields
Due to a strike by members of the Norwegian Organization of Managers and Executives (Lederne), Equinor has shut down the Gudrun, Oseberg South, and Oseberg East fields.
News / International
ConocoPhillips Reports Earnings of $5.8B During Q1 2022
ConocoPhillips reported first-quarter 2022 earnings of$5.8 billion, or $4.39 per share, compared with first-quarter 2021 earnings of $1.0 billion, or $0.75 per share.
Petrofac Expands Growth in Africa with Tullow’s Jubilee Award
As part of Tullow Oil's world-class Jubilee Development in Ghana, West Africa, Petrofac, a leading provider of services to the global energy industry, will provide operations services.
Iranian Oil Export Revenues Exceeded $25B in 2021
Iran managed to make over $25 billion in revenues from its oil exports last year, a significant leap in comparison to the $7.9 billion worth of income in oil exports in 2020.
Blackout Halts Production at Venezuela’s Largest Refinery
Production has been temporarily paused at Venezuala’s largest refinery, with a daily capacity up to 645,000 barrels per day (bbl/d), due to an electrical fault that caused a blackout, according to a report from Reuters.
Wintershall Dea Commits to Zero Methane Emissions Initiative
The global Aiming for Zero Methane Emissions Initiative, which includes supporters such as bp, Chevron, Equinor, ExxonMobil, Petrobras, and Shell, is now being reinforced by Wintershall Dea as Europe's largest independent gas and oil producer.
Gazprom Produced 238.4 bcm of Gas in Six Months
Preliminary figures show that from January to June 2022, Gazprom produced 238.4 billion cubic metres of gas. Comparing this to the same period last year, there has been a decline of 8.6 cents (or 22.4 billion cubic metres).
Neptune Energy Begins Drilling at Adorf Gas Field Development
Today, Neptune Energy announced that drilling has started at its owned and managed Adorf Z17 gas appraisal well in the northwestern German municipality of Georgsdorf.
PETRONAS, Mitsui & Co. Sign MoU for Cooperation in CCS Solutions
Petronas has signed a memorandum of understanding (MoU) with Mitsui & Co., Ltd. (Mitsui & Co.) for the study of the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia.
OPEC Half a Billion Barrels Short of Oil Supply Pledge
There are more than half a billion barrels of oil left unsupplied by OPEC+, raising concerns about the group's ability to balance the global market. OPEC+ members produced 2.7 million barrels a day less than their target in May, bringing their compliance rate with the deal to 256%.
