Moroccan Energy Minister Leila Benali declared that the kingdom is currently considering several ports for building a floating or onshore liquefied natural gas (LNG) facility to import LNG.
The Brazilian government granted 59 exploration permits for oil and natural gas fields to 13 companies on Wednesday, among them Shell (SHEL.L), TotalEnergies (TTEF.PA) and 3R Petroleum (RRRP3.SA)
Petrobras (PETR4.SA) announced on Wednesday that it has received 5.26 billion reais ($1.12 billion) in compensation from Shell (SHEL.L) for the latter's 25% ownership in the Atapu oil block.
To avoid falling foul of European Union sanctions against Russia, major global trading decided to reduce purchases of crude and fuel from Russia's state-owned oil companies as early as May 15, Reuters reported.
The effects of sanctions and buyer reluctance on Russian oil will be fully obvious starting in May, according to the International Energy Agency (IEA).
StrataStarTM, a multilayer visualization service that provides multilayer data visualization, is a new service from Haliburton (NYSE: HAL) designed to maximize well contact with the reservoir and improve real-time reserves evaluation.
China, the world's largest crude oil consumer imported last month 42.71 million tonnes, or 10.06 million barrels per day, according to data released by the General Administration of Customs on Wednesday (bpd). Comparing with March 2021, 11.69 million bpd was produced, with an average of 10.53 million bpd in January and February.
As a part of its expansion strategy, ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) announced that it has signed a Ship Building Contract for establishing two liquified natural gas (LNG) vessels.
QatarEnergy announced that it has awarded the ownership of the first batch of liquified natural gas (LNG) as a part of its LNG shipping program.
Greece, which imports around 40% of its annual energy from Russia, has previously produced tiny amounts of oil and attempted to investigate its hydrocarbon potential. However, prior years' low oil prices, a shift to renewable energy, and a lack of political will have stymied its drilling aspirations.
