Majors exit Russia investments

Russia AdobeStock 205454550Shell has joined bp and Equinor in announcing its exit from its Russia joint ventures, with more companies expected to follow suit following Russia’s invasion of Ukraine

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QatarEnergy acquires interests in Egypt offshore blocks

Oil rig AdobeStock 239075964QatarEnergy has entered into agreements with Shell to acquire working interests in two offshore exploration blocks in the Egyptian side of the Red Sea

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Energy transition represents a US$14 trillion uncertainty for upstream oil and gas: WoodMac

Oil Rig at late evening Copyright iuriiThe energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie

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Aminex provides operational update on Ruvuma PSA, onshore Tanzania

Aminex seismicAminex has completed the farm-out agreement with ARA Petroleum Tanzania Limited (APT) which has assumed operatorship of the Ruvuma PSA

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Oil rises as perfect storm of events hit the market, says Rystad Energy

oilprice 2020 RystadAs the oil prices, and especially WTI, rose on Thursday as a result of the promised Saudi production cuts, falling crude inventories and political turmoil in the USA, Rystad Energy’s head of oil markets Bjornar Tonhaugen has analysed the scenario 

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