Latest news
ExxonMobil focused on core oil and gas as renewable returns too weak: official
ExxonMobil remains focused on growing its core oil and gas business as alternative renewable energies are mostly unable to offer attractive rates of return compared to hydrocarbons, a top official at the US oil giant said Sept. 30.
read more... 01/10/2020
Pivot to ‘green’: Russian gas & nuclear energy giants Gazprom and Rosatom to start producing ‘clean’ hydrogen
Russia’s move away from hydrocarbons took another step forward this week, as the country’s Ministry of Energy announced a roadmap to start producing clean hydrogen by 2024.
read more... 24/07/2020
Rosneft signs agreements on offshore gas field development with Mozambique
Russian state-run oil company Rosneft signed a memorandum of understanding with Mozambique's National Hydrocarbons Company (Empresa Nacional de Hidrocarbonetos E.P., ENH) to develop offshore natural gas fields, a TASS correspondent reported from the signing ceremony.
read more... 23/08/2019
Lukoil has concluded Zhenis block's exploration and development in Kazakhstan
PJSC Lukoil, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (50/50 joint venture between Lukoil and KazMunayGas) will be operator of the project.
read more... 04/04/2019
PGNiG to explore for oil and gas in UAE
Polish oil and gas company PGNiG SA has signed an agreement with the emirate of Ras al Kaimah, UAE, to explore for and produce hydrocarbons in the Block 5.
read more... 18/01/2019