India’s Prime Minister, Narendra Modi, plans to nearly double its oil refining capacity in the country over the next five years, a much more ambitious plan than previously stated despite COVID-19 complications.
Independent oil and gas exploration company, PetroNor, has announced the purchase of SPE Guinea Bissau AB meaning the company will assume operatorship of two licenses.
A senior Iranian official, Ali Karani, has attested that oil and gas exports will increase by building energy complexes in the province of Khuzestan.
Libya’s National Oil Company (NOC) is seeking to bolster oil-trade ties with Spain by enticing Spanish companies to return back to Libya.
China’s state-run oil and gas company, Sinopec, has announced that it plans to produce more than 30 billion cubic meters (bcm) of natural gas in 2020.
The Johan Sverdrup field is set to increase capacity to reach around 500,000 barrels of oil per day (bbl/d), a 30,000 bbl/d increase from its current capacity.
The world’s biggest oil exporter, Saudi Arabia, has set its sights on becoming the major player in supplying hydrogen to the market.
China National Offshore Oil Corporation (CNOOC) has announced the commissioning of six new mega liquified natural gas (LNG) terminals, adding 1.62 million cubic meters (mcm) of storage capacity.
The Organization of Petroleum Exporting Countries and its allies (OPEC+) have revised oil demand scenarios for 2021 with demand seen weaker than previously anticipated.
The Bureau of Ocean Energy Management (BOEM) is offering around 78.2 million acres of oil and gas exploration land for a region-wide Gulf of Mexico lease sale scheduled for March 2021.
