Tag: gas
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Indonesia’s oil and gas sector is preparing to put up 10 offshore blocks, some of which may excite China
The oil and gas sector in Indonesia is preparing for a recovery in the coming years, amid government plans to launch new offshore blocks, but some of them may raise the sensitivity of China, with which it disputes over the South China Sea. The Indonesian Ministry of Energy is considering offering 10 offshore blocks for…
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An Egyptian company plans to drill 11 wells for oil and gas exploration
The Egyptian Gulf of Suez Petroleum Company “GUPCO” is preparing to start drilling 11 wells for oil and gas exploration, to increase Egypt’s hydrocarbon reserves. Today, Monday, January 30 (2023), Egyptian Minister of Petroleum Tariq El-Molla said, during the approval of the company’s planning budget for the fiscal year (2023-2024), that there is importance to…
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Announcing the date of oil and gas exploration in Lebanon (update)
Oil and gas exploration work in Lebanon, which witnessed the signing of a new agreement today, Sunday, January 29 (2023), is preparing to start within a few days. The CEO of the French company Total Energy, Patrick Pouyanné, said that his company is keen to start work on offshore block 9 as soon as possible,…
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The oil and gas sector in Canada needs to be inspired by the experience of Saudi Arabia and Qatar (article)
Read in this article Qatar has grown its GDP 10 times in just 20 years Western government officials often talk about “just transitions,” emissions caps, and the end of oil Middle East ministers talk about energy diversification and circular carbon economics Like Canada, Qatar and Saudi Arabia want to develop their economies and improve the…
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Gas stations in Italy go on strike to protest accusations of price gouging
Gas station workers in Italy staged a general strike for two days, to protest accusations of price gouging by Italian Prime Minister Giorgia Meloni. Gas station operators announced a nationwide general strike for two days (January 25-26, 2023), according to Bloomberg. Trade unions and gas station owners in Italy are protesting against the new decisions…
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Oil and gas exploration in Zimbabwe is achieving unprecedented results
Australian company Invictus Energy announced the success of its oil and gas exploration operations in Zimbabwe, as part of updating its results from its first well in the country. The company stated that after the completion of the operations of the Mokoyo-1 well, 13 potential areas for oil and gas extraction were identified from the…
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Shock in the oil and gas sector in the Netherlands after the announcement of the cessation of onshore exploration
The oil and gas sector in the Netherlands is preparing to receive an additional deflationary shock, after the government announced the suspension of new onshore exploration activities. Today, Friday, January 20 (2023), the Dutch government announced its readiness to stop research and land exploration activities for fossil fuel sources, according to Reuters. The Dutch government…
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10 companies compete to store liquefied petroleum gas in Kenya
Kenya’s new LPG storage terminal project is set to welcome 10 companies that have expressed interest in entering the market; This may enable the country to secure fuel supplies for homes in the medium and long term. The Kenyan company, Fossil Supplies Limited, announced that it has submitted an environmental impact report for the project…
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Licenses to explore for oil and gas in 900 sites in Sri Lanka
Sri Lanka relies entirely on oil and gas exploration activities to enhance its energy productivity, in light of the suffering of the South Asian country from a shortage of fuel supplies due to a financial crisis that seems intractable, at least for the time being. In this context, the state is preparing to issue two-year…
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The UAE Minister of Energy reveals the reason for the fluctuations in the gas market (photos)
The UAE Minister of Energy, Suhail Al Mazrouei, confirmed that the conditions in the oil market are balanced on the supply and demand side. He said in press statements on the sidelines of the launch of the activities of the Sustainability Week in Abu Dhabi: “I think that the market is completely balanced, and this…