RIYADH, Feb 20 (Reuters) – Decisions by OPEC+ are not politicised and are based on market fundamentals, Saudi Arabian energy minister Prince Abdulaziz bin Salman said on Monday, adding that the alliance of oil producers is sufficiently flexible to adjust policy as needed.
The oil and gas CAPEX market is expected to reach USD 797.66 billion by the end of the current year, and it is projected to register a CAGR of 4.27% during the forecast period.
Capex rose 39% year-on-year to $499bln in 2022, reaching highest level since 2014, according to IEF-S&P Global Commodity Insights report
RIYADH: Saudi Arabia’s Minister of Energy Abdulaziz bin Salman has met with US Senator Mitch McConnell to discuss the Kingdom’s efforts to lead the global energy transition, Saudi Press Agency reported.
Africa Oil Corp has signed two production sharing contracts (‘PSCs’) with the Republic of Equatorial Guinea for offshore Blocks EG-18 and EG-31.
Biden in the State of the Union speech: oil will be needed for at least another 10 years
The COVID-19 pandemic has had a significant impact on the oil and gas industry, leading to a decline in demand and a drop in oil prices.
David Ampofo, CEO of the Upstream Petroleum Chamber has been sharing his thoughts on the current developments in the country’s upstream petroleum industry
Rumors about China not moving ahead on the development of the crucial West Karoun oilfields are incorrect.
The partners in the Leviathan project believe it is the largest natural gas reservoir in the Mediterranean and one of the largest producing assets in the region.