Creating a solid foundation for economic development
The Dangote Group planned a world-class new refinery in Nigeria that would reduce the country’s reliance on imported energy and bring with it over 30,000 jobs. It was a project requiring some truly massive moves – among the continent’s largest, in many cases. But before work could even begin, the team had to tame this patch of reclaimed swampland, turning it into a stable heavy lift surface. To support the drive for growth, Africa is looking to reduce reliance on imports; producing more of i...
Crowley Moves to Launch First-Ever LNG Bunkering at Panama Canal's Pacific Side
(JACKSONVILLE, Fla.; Oct. 24, 2023) – Global shipping and sustainable energy logistics leader Crowley is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services. Crowley’s advanced energy group will operate the innovative service to manage the ship-to-ship LNG transfer services. With a potential start date in 2024, Crowley i...
Peak 10 Energy Announces Platform Launch and Initial Acquisition Closing
HOUSTON, August 30, 2023 – Peak 10 Energy (“Peak 10”) today announced its launch as an oil and gas investment platform focused on acquiring long-life oil and gas assets throughout the continental United States. Peak 10’s asset base consists of non-operated oil and gas properties in Reeves, Fisher, Scurry, Gaines, Dawson and Andrews Counties, including over 100 producing wells and a multi-year drilling program of tier 1 undeveloped drilling opportunities. Building on a portfolio of long-life P...
Geopolitics and energy transition are the most pressing themes for oil and gas industry in 2023, says GlobalData
Geopolitics has become a pivotal macroeconomic theme for the oil and gas industry ever since the start of the Ukraine conflict. The fallout of this conflict is also critically impacting the supply chain theme as newer alliances are being forged. Nevertheless, oil and gas companies will continue to pursue newer industry themes that support the energy transition towards zero emission technologies, such as renewables, low-carbon hydrogen, carbon capture and storage (CCS), and electric vehicles (EV)...
GECF unveils 4th Annual Gas Market Report
Doha, QATAR: The Gas Exporting Countries Forum (GECF) is pleased to announce the launch of the fourth edition of its Annual Gas Market Report (AGMR). The Report provides an in-depth analysis of natural gas markets, covering recent developments and providing prospects for 2023-2024. Eng. Mohamed Hamel, Secretary General of the GECF said: “The Annual Gas Market Report is comprehensive and I hope it will become an essential tool for anyone interested in natural gas.” The key findings of the r...
Global Gas Flaring Falls to Lowest Level Since 2010
Reduction in 2022 is equivalent to taking three million cars off the road. WASHINGTON, March 29, 2023 — Progress in reducing gas flaring resumed in 2022, with gas flared worldwide falling by 5 billion cubic meters (bcm) to 139 bcm, its lowest level since 2010, according to new satellite data compiled by the World Bank's Global Gas Flaring Reduction Partnership (GGFR). "After a decade of stalled progress, global gas flaring volumes fell in 2022 by around three percent, which is a welcome dro...
Oil and gas industry overall contract value increased in 2022, reveals GlobalData
The roller coaster ride during the COVID-19 pandemic appears to be coming to an end, with contract activity returning to normal for the global oil and gas industry, despite the ongoing Russia-Ukraine conflict and volatility in crude oil prices. As a result, the oil and gas industry witnessed a year-on-year increase of 3% in overall contract value in 2022, despite a 4% decrease in contract volume, reveals GlobalData, a leading data and analytics company. GlobalData’s latest report, "Oil and Ga...
7th edition GECF Global Gas Outlook 2050 launched
Doha, QATAR: The Gas Exporting Countries Forum (GECF) today launched the latest edition of its annual Global Gas Outlook 2050 (Outlook), in the presence of the 2023 President of the GECF, HE Gabriel M. Obiang Lima, Minister of Mines and Hydrocarbons, Republic of Equatorial Guinea. The key findings show that by 2050: Global GDP will more than double, from US$ 95 trillion today to US$ 210 trillion in real term Population growth will see 1.8 billion additional people in 2050 with mo...
Secretary Haaland Establishes Orphaned Wells Program Office to Implement Historic Investments from Bipartisan Infrastructure Law
WASHINGTON — Secretary of the Interior Deb Haaland today issued a Secretary’s Order to establish an Orphaned Wells Program Office to ensure effective, accountable and efficient implementation of President Biden’s Bipartisan Infrastructure Law’s historic investment in orphaned well clean up. The Bipartisan Infrastructure Law delivers the largest investment in tackling legacy pollution in American history, including through a $4.7 billion investment to plug orphaned wells. These legacy pollutio...
EU natural gas market to remain ‘precarious’ through next winter, says Baker Institute report
Interactive tool from Center for Energy Studies analyzes supply scenarios HOUSTON – Europe is facing high natural gas prices and high uncertainty due to the substantial reduction in Russian imports, and this winter is only the beginning, according to a new report from Rice University’s Baker Institute for Public Policy. After Russia’s invasion of Ukraine, energy security is at top of mind for most European policymakers and the general public. The report, from experts at the Baker Institut...
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June Issue 2026
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