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EQUINOR MAKES NEW GAS DISCOVERY IN NORWEGIAN NORTH SEA.
Equinor ASA and its partners have discovered new natural gas reserves in the Gudrun field of Norway’s North Sea through two wildcat wells, with preliminary estimates indicating recoverable oil equivalent between 0.1 and 1.3 million standard cubic meters. The Gudrun field, already in production since 2014, continues to show substantial reserves, prompting further evaluation of its prospectivity.
- 1 year, 8 months
INDIA WILL CONTINUE TO BUY CHEAP RUSSIAN CRUDE OIL.
India will continue to prioritize buying oil and gas at the lowest prices, focusing on discounted Russian crude, which has become its largest supply source. The country is also exploring long-term supply agreements with Russia to ensure stable oil supplies as it expands its refining capacity.
- 1 year, 8 months
LONG-TERM LIQUEFIED GAS DEAL REVIVES TURKEY.
Turkey's national energy company, Botaş, has signed a long-term LNG agreement with Total Energy, set to begin in 2027 and supply 1.6 billion cubic meters annually. This deal, part of Turkey's strategy to enhance energy security and diversify sources, positions the country as a potential gas hub for exports to Europe, despite a recent decline in LNG imports from Egypt.
- 1 year, 8 months
UAE USES GERMANY'S SIEMENS TO BOOST GREEN ENERGY INDUSTRY.
The UAE is partnering with Siemens Energy to advance its green energy sector and achieve carbon neutrality by 2050 through a new memorandum of understanding. This collaboration aims to enhance grid infrastructure, promote sustainable development, and support the energy transition in the UAE.
- 1 year, 8 months
LNG INDUSTRY FACES UNCERTAIN FUTURE.
The LNG industry is encountering several challenges that may affect its future growth, including regulatory obstacles, supply chain disruptions, and price sensitivity. A key driver of the industry’s expansion, Asian demand for LNG, is showing signs of cooling as storage capacity approaches its limit.
- 1 year, 8 months
SHELL FACES LAWSUIT IN NIGERIA.
Shell is facing a lawsuit in Nigeria, with communities from the Niger Delta demanding hundreds of millions of dollars in compensation for environmental damage caused by the company’s operations.
- 1 year, 8 months
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