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# Oil&Gas Advancement

## Sitemaps

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## Posts

- [Drone Technology Advancing Oil and Gas Exploration Efforts](https://www.oilandgasadvancement.com/upstream/drone-technology-advancing-oil-and-gas-exploration-efforts/) - Drone technology in oil and gas exploration is mapping remote and hard-to-reach prospects, enhancing critical data collection and site assessments worldwide.
- [Egypt Aims to Strengthen Petroleum Sector Investment](https://www.oilandgasadvancement.com/news/egypt-aims-to-strengthen-petroleum-sector-investment/) - Egypt is advancing petroleum sector investment through stronger cooperation, natural resource development and the Egypt Mining Forum in September 2026.
- [New Zealand Grants 10-Year Taranaki Petroleum Mining Permit](https://www.oilandgasadvancement.com/news/new-zealand-grants-10-year-taranaki-petroleum-mining-permit/) - The Taranaki petroleum mining permit aims to enhance natural gas supply and bolster energy security in the Puka field area and New Zealand's domestic market.
- [Al-Qarnain Discovery Advances Najaf Exploration in Iraq](https://www.oilandgasadvancement.com/news/al-qarnain-discovery-advances-najaf-exploration-in-iraq/) - Al-Qarnain discovery in Iraq is advancing Najaf exploration as hydrocarbon indications emerge at Al-Qarnain block following seismic survey and appraisal work.
- [Egypt Launches Western Desert Seismic Survey to Boost Exploration](https://www.oilandgasadvancement.com/news/egypt-launches-western-desert-seismic-survey-to-boost-exploration/) - Egypt is launching a Western Desert seismic survey to boost oil exploration, strengthen petroleum sector investments and make new natural gas discoveries.
- [Kirkuk Tripoli Pipeline Revival Talks Begin in Beirut](https://www.oilandgasadvancement.com/news/kirkuk-tripoli-pipeline-revival-talks-begin-in-beirut/) - Beirut talks begin in earnest as Lebanon and Iraq discuss the Kirkuk-Tripoli pipeline revival to facilitate storage and re-export of crude oil shipments.
- [Fiji and PETRONAS Explore Strategic Fuel Security Plans](https://www.oilandgasadvancement.com/news/fiji-and-petronas-explore-strategic-fuel-security-plans/) - Fiji is exploring a strategic cooperation with PETRONAS and Malaysia on fuel security, strategic reserves, supply chains and long-term energy infrastructure.
- [ADNOC Gas to Invest USD 8.2B on Rich Gas Development Project](https://www.oilandgasadvancement.com/news/adnoc-gas-to-invest-usd-8-2b-on-rich-gas-development-project/) - The Rich Gas Development Project expands natural gas processing and boosts LNG capacity to drive regional energy growth with major processing investments.
- [Byproduct Valorization Boosting Oil and Gas Circular Economy](https://www.oilandgasadvancement.com/downstream/byproduct-valorization-boosting-oil-and-gas-circular-economy/) - Byproduct valorization in oil and gas sector is supporting circular economy strategies by converting industrial waste into valuable commercial resources.
- [Regulations Pushing Oil and Gas Circular Economy Investments](https://www.oilandgasadvancement.com/downstream/regulations-pushing-oil-and-gas-circular-economy-investments/) - Circular economy investments in oil and gas are being accelerated through sustainability regulations, ESG initiatives and environmental compliance efforts.
- [Advanced Recycling Technologies Driving Sustainability](https://www.oilandgasadvancement.com/downstream/advanced-recycling-technologies-driving-sustainability/) - Advanced recycling technologies are enabling sustainable petrochemicals through chemical recycling, feedstock recovery, and circular economy innovation.
- [Digital Circular Economy Transforming Oil and Gas Sector](https://www.oilandgasadvancement.com/downstream/digital-circular-economy-transforming-oil-and-gas-sector/) - Digital circular economy in oil and gas sector is using AI and digital twins to improve resource recovery, efficiency and sustainable operations throughout.
- [Circular Refineries Driving Sustainable Oil Operations](https://www.oilandgasadvancement.com/downstream/refining/circular-refineries-driving-sustainable-oil-operations/) - Circular refineries are eliminating waste streams through resource recovery, advanced recycling and sustainable refinery technologies for future operations.
- [Waste Plastic to Oil Technologies Providing Feedstocks](https://www.oilandgasadvancement.com/downstream/waste-plastic-to-oil-technologies-providing-feedstocks/) - Waste plastic to oil technologies and pyrolysis are helping refineries convert plastic waste into valuable feedstocks while supporting circular economy goals.
- [Circular Economy in Oil and Gas Driving Industry Shift](https://www.oilandgasadvancement.com/downstream/circular-economy-in-oil-and-gas-driving-industry-shift/) - Circular economy in oil and gas transforms refineries efficiency, and waste reduction for sustainable energy industry operations throughout the world in 2026.
- [Tanzania, Uganda Partner Up for Tanga Regional Energy Hub](https://www.oilandgasadvancement.com/news/tanzania-uganda-partner-up-for-tanga-regional-energy-hub/) - Tanzania and Uganda partner to create the Tanga Regional Energy Hub, enhancing fuel storage, logistics, and energy trade across the East African region.
- [Egypt Plans New Oil and Gas Exploration Blocks Awards](https://www.oilandgasadvancement.com/news/egypt-plans-new-oil-and-gas-exploration-blocks-awards/) - Egypt has planned seven new oil and gas exploration blocks across Upper Egypt and the Red Sea, with investments estimated at $60 million to $70 million.
- [Smart Floating Oil Storage Empowering Offshore Energy Future](https://www.oilandgasadvancement.com/downstream/storage/smart-floating-oil-storage-empowering-offshore-energy-future/) - Smart floating oil storage systems are enhancing offshore logistics through digital monitoring, operational flexibility and efficient crude oil storage systems.
- [Sabah, Petronas Launch Digital Tools to Upgrade Workforce](https://www.oilandgasadvancement.com/news/sabah-petronas-launch-digital-tools-to-upgrade-workforce/) - Malaysia's Sabah government and national oil company Petronas launched new digital tools to build the local talent pool and enhance the oil and gas workforce.
- [Iraq, Türkiye Finalize One-Year Pipeline Deal for Crude Oil](https://www.oilandgasadvancement.com/news/iraq-turkiye-finalize-one-year-pipeline-deal-for-crude-oil/) - Iraq and Türkiye signed an official one-year pipeline deal to continue crude oil transit via the Ceyhan pipeline, setting daily volume at 750,000 barrels.
- [Malaysia Eyes Diverse Gas Supply Options for Energy Security](https://www.oilandgasadvancement.com/news/malaysia-eyes-diverse-gas-supply-options-for-energy-security/) - To strengthen Malaysia energy security, the nation relies on gas supply options, diversifying energy sources and expanding offshore projects in Turkmenistan.
- [Rise in Oil Storage Investments Driven by Energy Security](https://www.oilandgasadvancement.com/downstream/storage/rise-in-oil-storage-investments-driven-by-energy-security/) - Rise in oil storage investments is accelerating as energy security concerns drive record spending on storage terminals and strategic reserves worldwide.
- [Oil Storage Automation Boosts Safer and Efficient Operations](https://www.oilandgasadvancement.com/downstream/storage/oil-storage-automation-boosts-safer-and-efficient-operations/) - Oil storage automation is strengthening safety, improving reliability, minimizing operational risks, and boosting efficiency across storage terminals globally.
- [Pipeline Storage Integration Optimizes Midstream Logistics](https://www.oilandgasadvancement.com/downstream/storage/pipeline-storage-integration-optimizes-midstream-logistics/) - Pipeline-storage integration is improving midstream logistics operations by enhancing supply chain efficiency, reducing bottlenecks and optimizing processes.
- [Carbon Reduction in Oil Storage Driving Sustainability](https://www.oilandgasadvancement.com/downstream/storage/carbon-reduction-in-oil-storage-driving-sustainability/) - Carbon reduction in oil storage is advocating energy-efficient technologies, emissions control, sustainable terminal operations and net-zero strategies.
- [AI-Powered Oil Storage Pushing Smarter Management Operations](https://www.oilandgasadvancement.com/downstream/storage/ai-powered-oil-storage-pushing-smarter-management-operations/) - AI-powered oil storage is improving asset performance, predictive maintenance, operational efficiency and real-time monitoring operations across tanks.
- [Digital Tank Farms Transform Modern Oil Storage Operations](https://www.oilandgasadvancement.com/downstream/storage/digital-tank-farms-transform-modern-oil-storage-operations/) - Digital tank farms can utilize IoT, automation and real-time analytics to improve operational visibility, efficiency, safety and remote asset utilization.
- [UAE Shifts Crude Pricing Methodology to Platts Dubai System](https://www.oilandgasadvancement.com/news/uae-shifts-crude-pricing-methodology-to-platts-dubai-system/) - ADNOC is updating its crude pricing methodology, shifting all Abu Dhabi crude grades to a Platts Dubai-based pricing system effective 1st November 2026.
- [Subsea Compression Technology Extending Deepwater Field Life](https://www.oilandgasadvancement.com/upstream/subsea-compression-technology-extending-deepwater-field-life/) - Subsea compression technology extends deepwater field life by increasing hydrocarbon recovery, lowering costs, and improving offshore production efficiency.
- [BP Boosts Production with Atlantis Expansion Start Up](https://www.oilandgasadvancement.com/news/bp-boosts-production-with-atlantis-expansion-start-up/) - Atlantis expansion raises BP's Atlantis field production by 10,000 boed while supporting long-term Gulf of America production and offshore growth plans.
- [Oman Launches Ras Markaz Oil Park Expansion EPC Tender](https://www.oilandgasadvancement.com/news/oman-launches-ras-markaz-oil-park-expansion-epc-tender/) - Oman has launched the EPC tender for the Ras Markaz oil park expansion, inviting contractors to support this key crude oil storage infrastructure project.
- [National Drilling Company to Boost Uzbekistan Exploration](https://www.oilandgasadvancement.com/uncategorized/national-drilling-company-to-boost-uzbekistan-exploration/) - The national drilling company UNG Burg'ilash LLC will expand exploration, use modern drilling technologies and strengthen Uzbekistan's hydrocarbon production.
- [Canada Boosts Global Energy Exports with New LNG Supply Deal](https://www.oilandgasadvancement.com/news/canada-boosts-global-energy-exports-with-new-lng-supply-deal/) - Canada strengthens exports through a landmark LNG supply deal between Ksi Lisims LNG and Uniper SE, supporting trade diversification and energy security.
- [New Gulf Refinery Project Announced by MERA Oil Consortium](https://www.oilandgasadvancement.com/news/new-gulf-refinery-project-announced-by-mera-oil-consortium/) - A new Gulf refinery project is underway by the MERA Oil consortium to increase crude processing, amid global refined fuel supply challenges around the world.
- [New Zealand Awards Offshore Oil and Gas Permit Ending Ban](https://www.oilandgasadvancement.com/news/new-zealand-awards-offshore-oil-and-gas-permit-ending-ban/) - New Zealand issues its first offshore oil and gas permit to EnZed Energy in the Taranaki Basin after lifting the drilling ban to strengthen energy security.
- [Egypt Eyes Cypriot Gas Development through Cronos Field FID](https://www.oilandgasadvancement.com/news/egypt-eyes-cypriot-gas-development-through-cronos-field-fid/) - Cronos field FID milestone targets Cypriot gas production through Egypt infrastructure, supporting European energy security and regional energy cooperation.
- [Japan Expands Financial Support for Overseas Oil Pipelines](https://www.oilandgasadvancement.com/news/japan-expands-financial-support-for-overseas-oil-pipelines/) - Japan is planning to boost financial support for overseas oil pipelines to secure energy routes and reduce reliance on the Strait of Hormuz for stable supply.
- [Algeria, Senegal Discuss Expanding Hydrocarbon Cooperation](https://www.oilandgasadvancement.com/news/algeria-senegal-discuss-expanding-hydrocarbon-cooperation/) - Algeria and Senegal discussed expanding hydrocarbon cooperation through Sonatrach and PETROSEN, focusing on oil and gas, expertise exchange and investment.
- [New Oil and Gas Deals Drive Egypt’s Upstream Expansion Plan](https://www.oilandgasadvancement.com/news/new-oil-and-gas-deals-drive-egypts-upstream-expansion-plan/) - Egypt approves four oil and gas deals covering North Sinai, Nile Delta, Mediterranean and Eastern Desert to boost hydrocarbon production and energy security.
- [KPC Signs USD 16B Pipeline Lease Deal with Global Consortium](https://www.oilandgasadvancement.com/news/kpc-signs-usd-16b-pipeline-lease-deal-with-global-consortium/) - KPC signs a landmark pipeline lease deal worth US$16 billion with Blackstone, Brookfield and KKR to support capital plans while retaining pipeline control.
- [AI-Powered Emissions Monitoring Cutting Oil and Gas Emission](https://www.oilandgasadvancement.com/upstream/ai-powered-emissions-monitoring-cutting-oil-and-gas-emission/) - AI-powered emissions monitoring is helping oil and gas operators reduce methane emissions, improve ESG performance and accelerate decarbonization worldwide.
- [Rise of Carbon Accounting Platforms in Oil and Gas Sector](https://www.oilandgasadvancement.com/upstream/rise-of-carbon-accounting-platforms-in-oil-and-gas-sector/) - Carbon accounting platforms are empowering access to emissions reporting, ESG compliance and sustainability management across all global oil and gas operations.
- [Carbon-Neutral Refineries Empowering Downstream Evolution](https://www.oilandgasadvancement.com/downstream/refining/carbon-neutral-refineries-empowering-downstream-evolution/) - Carbon-neutral refineries are driving downstream evolution with carbon capture and sustainable fuels to cut emissions, boost energy efficiency in operrations..
- [How Electrified Offshore Platforms Cut Carbon Emissions](https://www.oilandgasadvancement.com/upstream/how-electrified-offshore-platforms-cut-carbon-emissions/) - Electrified offshore platforms can help operators lower emissions, improve operational efficiency and support cleaner offshore oil and gas production worldwide.
- [Green Hydrogen Integration for Sustainable Future Refineries](https://www.oilandgasadvancement.com/downstream/refining/green-hydrogen-integration-for-sustainable-future-refineries/) - Green hydrogen integration is enabling refineries worldwide to lower emissions, improve fuel production and support sustainable downstream refining operations.
- [Key Technologies Advancing Zero Routine Flaring Developments](https://www.oilandgasadvancement.com/upstream/key-technologies-advancing-zero-routine-flaring-developments/) - Zero routine flaring technologies are helping global producers achieve 2030 targets by advancing methane reduction and flare gas recovery in oil and gas sector.
- [Iraq Seeks Chevron's Expertise for Oil Production Increase](https://www.oilandgasadvancement.com/news/iraq-seeks-chevrons-expertise-for-oil-production-increase/) - Oil production remains central as Iraq and Chevron discuss cooperation, infrastructure projects, investment opportunities and long-term oil and gas coalition.
- [Serbia Advances EUR 1B Gas Program Talks With World Bank](https://www.oilandgasadvancement.com/news/serbia-advances-eur-1b-gas-program-talks-with-world-bank/) - EUR 1B gas program moves ahead with Serbia-World Bank talks on the Niš-Velika Plana gas pipeline, financing, project management and future infrastructure plans.
- [Nigeria Builds Decarbonization Team for Oil and Gas Sector](https://www.oilandgasadvancement.com/news/nigeria-builds-decarbonization-team-for-oil-and-gas-sector/) - Nigeria establishes a joint decarbonization team to drive energy sector efficiency and support sustainable development through cleaner oil and gas practices.
- [Algeria, Norway Advance Hydrocarbon Decarbonization Efforts](https://www.oilandgasadvancement.com/news/algeria-norway-advance-hydrocarbon-decarbonization-efforts/) - Algeria and Norway deepen energy cooperation on hydrocarbon decarbonization, methane reduction and carbon capture technologies while ensuring energy security.
- [Iran, Russia Near Final Negotiations for Gas Agreement](https://www.oilandgasadvancement.com/news/iran-russia-near-final-negotiations-for-gas-agreement/) - Iran and Russia are advancing a gas agreement by reviewing terms of cooperation, addressing implementation barriers and moving closer to finalize key terms.
- [Nigeria's Crude Oil Production Quantity Hits Six-Year High](https://www.oilandgasadvancement.com/news/nigerias-crude-oil-production-quantity-hits-six-year-high/) - Nigeria's crude oil production reached 1.56 million bpd in June 2026, as operational stability and reduced theft are driving growth amid global supply risks.
- [South Africa Unveils Plans to Boost Strategic Oil Reserves](https://www.oilandgasadvancement.com/news/south-africa-unveils-plans-to-boost-strategic-oil-reserves/) - South Africa has proposed expanding strategic oil reserves to 60 days of demand, strengthening energy security and improving resilience against supply shocks.
- [Real-Time Drilling Analytics Refining Deepwater Well Results](https://www.oilandgasadvancement.com/upstream/real-time-drilling-analytics-refining-deepwater-well-results/) - Real-time drilling analytics are enhancing deepwater well operational performances through predictive insights, operational efficiency and reduced downtime.
- [Long-Distance Tiebacks Bolstering Deepwater Development](https://www.oilandgasadvancement.com/upstream/long-distance-tiebacks-bolstering-deepwater-development/) - Long-distance tiebacks are helping producers access marginal deepwater reserves through cost-effective subsea infrastructure and optimized offshore production.
- [Digital Well Planning Optimizing HPHT Reservoir Resources](https://www.oilandgasadvancement.com/upstream/digital-well-planning-optimizing-hpht-reservoir-resources/) - Digital well planning for HPHT reservoirs is improving drilling accuracy, minimizing risks, optimizing well design and enhancing efficiency of exploration.
- [Subsea Processing Systems Boosting Deepwater Development](https://www.oilandgasadvancement.com/upstream/subsea-processing-systems-boosting-deepwater-development/) - Subsea processing systems are reducing deepwater field development cost burden while improving recovery, production efficiency and offshore project economics.
- [Managed Pressure Drilling Uplifting Ultra-Deepwater Wells](https://www.oilandgasadvancement.com/upstream/managed-pressure-drilling-uplifting-ultra-deepwater-wells/) - Managed pressure drilling method in ultra-deepwater wells is improving well control, enhances safety, boosting efficiency and reducing offshore drilling risks.
- [Egypt, Jordan Seek Energy Cooperation for Strategic Growth](https://www.oilandgasadvancement.com/news/egypt-jordan-seek-energy-cooperation-for-strategic-growth/) - Egypt and Jordan expand energy cooperation through natural gas and infrastructure projects, supported by joint technical working groups and investment plans.
- [IEA Prompts EU to Revoke Prohibition on Arctic Drilling](https://www.oilandgasadvancement.com/news/iea-prompts-eu-to-revoke-prohibition-on-arctic-drilling/) - Arctic drilling remains a central part of untapped energy resources, with Norway and the IEA highlighting European energy security concerns and supply needs.
- [Venezuela Introduces New Oil Regulations to End Monopoly](https://www.oilandgasadvancement.com/news/venezuela-introduces-new-oil-regulations-to-end-monopoly/) - The new oil regulations reshape Venezuela's energy sector, expanding private participation, updating fiscal terms and reducing PDVSA's traditional control.
- [Türkiye, Iraq to Extend Flows through Kirkuk-Ceyhan Pipeline](https://www.oilandgasadvancement.com/news/turkiye-iraq-to-extend-flows-through-kirkuk-ceyhan-pipeline/) - Türkiye and Iraq are set to strengthen energy cooperation through the Kirkuk-Ceyhan pipeline with a new agreement supporting crude oil flows and investment.
- [Egypt Advancing Plans to Double Crude Oil Production by 2030](https://www.oilandgasadvancement.com/news/egypt-advancing-plans-to-double-crude-oil-production-by-2030/) - Egypt is planning to double crude oil production by 2030 using advanced technologies and an environment to foster foreign investments in greater quantities.
- [South Korea, UAE Sign Agreement to Boost Crude Oil Supply](https://www.oilandgasadvancement.com/news/south-korea-uae-sign-agreement-to-boost-crude-oil-supply/) - South Korea and UAE strengthened crude oil supply cooperation through a new agreement while expanding collaboration in AI, energy security and infrastructure.
- [Machine Learning Improving Pipeline Integrity to Cut Risks](https://www.oilandgasadvancement.com/pipelines-transport/machine-learning-improving-pipeline-integrity-to-cut-risks/) - Machine learning is advancing systems for pipeline integrity and risk assessment through predictive analytics, leak detection and advanced asset monitoring.
- [Drones and Robotics Modernizing Smart Pipeline Inspection](https://www.oilandgasadvancement.com/uncategorized/drones-and-robotics-modernizing-smart-pipeline-inspection/) - The management of midstream assets is undergoing a radical shift as the industry moves away from manual, labor-intensive inspection methods toward a fully automated and digitized workflow. Historically, pipeline surveillance involved crews traveling thousands of miles in trucks or helicopters, often in hazardous terrain, to perform visual checks for leaks, corrosion, or encroachment. This method
- [Smart Technologies Empowering Pipeline Surveillance Efforts](https://www.oilandgasadvancement.com/pipelines-transport/smart-technologies-empowering-pipeline-surveillance-efforts/) - Satellite monitoring and remote sensing are improving pipeline surveillance by detecting pipe leakages, monitoring assets and enhancing operational safety.
- [Smart Pipelines Driving ESG Compliance and Lower Emissions](https://www.oilandgasadvancement.com/pipelines-transport/smart-pipelines-driving-esg-compliance-and-lower-emissions/) - Smart pipeline technologies are supporting ESG compliance worldwide by reducing emissions, improving monitoring and strengthening operational sustainability.
- [Modern Trends Reshaping Autonomous Pipeline Operations](https://www.oilandgasadvancement.com/pipelines-transport/modern-trends-reshaping-autonomous-pipeline-operations/) - Modern trends in autonomous pipeline operations with AI, robotics, automation and digital technologies is shaping safer and smarter infrastructure by 2030.
- [Saudi Arabia Eyes East-West Pipeline Expansion to Up Export](https://www.oilandgasadvancement.com/news/saudi-arabia-eyes-east-west-pipeline-expansion-to-up-export/) - Saudi Arabia is exploring the East-West pipeline expansion to enhance crude oil transport and regional energy security while bypassing the Strait of Hormuz.
- [Israel Begins Mediterranean Natural Gas Exploration Tender](https://www.oilandgasadvancement.com/news/israel-begins-mediterranean-natural-gas-exploration-tender/) - Israel has launched a fifth Mediterranean natural gas exploration tender to boost domestic gas reserves as well as energy exports from offshore gas fields.
- [Germany to Build Strategic Gas Reserve For Energy Security](https://www.oilandgasadvancement.com/news/germany-to-build-strategic-gas-reserve-for-energy-security/) - Germany is aiming to build a $1.7 billion strategic gas reserve to bolster energy security and natural gas storage and counter energy shortage and price hike.
- [Iraq, TotalEnergies Review Artawi Gas Project Advancement](https://www.oilandgasadvancement.com/news/iraq-totalenergies-review-artawi-gas-project-advancement/) - The Artawi gas project advances as Iraq and TotalEnergies review progress on gas processing infrastructure supporting energy security and emissions reduction.
- [Egypt Eyes Partnership with SLB for AI in Petroleum Sector](https://www.oilandgasadvancement.com/news/egypt-eyes-partnership-with-slb-for-ai-in-petroleum-sector/) - Egypt discussed partnership with SLB for AI in petroleum sector enhancing decisions and opeartions through advanced data analytics and upstream exploration.
- [Iraq, Halliburton Sign Joint Management Deal for 2 Oilfields](https://www.oilandgasadvancement.com/uncategorized/iraq-halliburton-sign-joint-management-deal-for-2-oilfields/) - Iraq has signed a joint management deal with Halliburton for two fields in Basra to boost energy production and increase local investment in the oil sector.
- [Iraq Okays Strategic Pipeline Feasibility Study Agreements](https://www.oilandgasadvancement.com/news/iraq-okays-strategic-pipeline-feasibility-study-agreements/) - Iraq recently approved strategic export pipeline feasibility study agreements to enhance infrastructure and diversify export routes for crude oil production.
- [Smart Leak Detection Technologies Boost Pipeline Safety](https://www.oilandgasadvancement.com/pipelines-transport/smart-leak-detection-technologies-boost-pipeline-safety/) - Smart leak detection technologies are improving pipeline safety with real-time monitoring, AI analytics and rapid alerts to prevent leaks, damage and downtime.
- [Kazakhstan Expands Energy Ties to Attract Global Investment](https://www.oilandgasadvancement.com/press-releases/kazakhstan-expands-energy-ties-to-attract-global-investment/) - Kazakhstan strengthens energy partnerships with Eni and Baker Hughes, advancing infrastructure, localization and global investment growth initiatives in energy.
- [New Oil Pipeline Study Advances Iraq Export Route Plans](https://www.oilandgasadvancement.com/news/new-oil-pipeline-study-advances-iraq-export-route-plans/) - Iraq is continuing to evaluate an oil pipeline through Syria’s Banias port while studying alternative export routes and future crude transport infrastructure.
- [Egypt Discusses Petroleum Sector AI Technology with AIQ](https://www.oilandgasadvancement.com/news/egypt-discusses-petroleum-sector-ai-technology-with-aiq/) - Petroleum sector AI technology to drive growth and digital transformation to improve operational efficiency and innovation in Egypt's oil and gas industry.
- [Iraq, Chevron Sign West Qurna 2 Field Development Agreement](https://www.oilandgasadvancement.com/news/iraq-chevron-sign-west-qurna-2-field-development-agreement/) - Iraq and Chevron have signed an agreement to assess West Qurna 2 development opportunities, supporting stronger Iraq-U.S. energy cooperation and investment.
- [Petronas Bolsters Suriname's Block 52 with New Discoveries](https://www.oilandgasadvancement.com/press-releases/petronas-bolsters-surinames-block-52-with-new-discoveries/) - New Suriname offshore discoveries in Block 52 reveal significant oil and gas discoveries, boosting recoverable resources through expert deepwater drilling.
- [Dangote, SNPC Discuss Refined Product Supply Partnership](https://www.oilandgasadvancement.com/press-releases/dangote-snpc-discuss-refined-product-supply-partnership/) - African energy cooperation will improve through refined product supply cooperation discussions between Dangote and SNPC, helping strengthen energy security.
- [Discoveries in Cyprus Gas Fields Declared Fit Commercially](https://www.oilandgasadvancement.com/news/discoveries-in-cyprus-gas-fields-declared-fit-commercially/) - Cyprus gas fields were declared commercially viable, marking a shift in offshore gas production and natural gas fields to boost energy security across Europe.
- [Artawi Project Enters Critical Deployment Phase in Iraq](https://www.oilandgasadvancement.com/news/artawi-project-enters-critical-deployment-phase-in-iraq/) - Iraq's Artawi project is aiming for 300 MMSCFD by 2026 to boost Basra energy infrastructure, focus on associated gas processing, and gas flaring reduction.
- [Eni, NOC Launch Sabratha Compression Project Offshore Libya](https://www.oilandgasadvancement.com/press-releases/eni-noc-launch-sabratha-compression-project-offshore-libya/) - Libyan offshore gas production jumps up as Eni and NOC start production at the Sabratha Compression Project, boosting energy security and gas infrastructure.
- [XRG, Eni Secure Strategic Stakes in 3 Vaca Muerta Gas Blocks](https://www.oilandgasadvancement.com/press-releases/xrg-eni-secure-strategic-stakes-in-3-vaca-muerta-gas-blocks/) - XRG and Eni have acquired minor stakes in 3 Vaca Muerta gas blocks to bolster unconventional gas resources and strengthen Argentina's energy export strategy.
- [Santos Signs Gas Supply Agreement with South Australia](https://www.oilandgasadvancement.com/press-releases/santos-signs-gas-supply-agreement-with-south-australia/) - Santos has signed a gas supply agreement with South Australia securing domestic energy security and supporting Cooper Basin production at the Moomba gas plant.
- [Iraq, OPEC Commence Oil Production Quota Restoration Efforts](https://www.oilandgasadvancement.com/news/iraq-opec-commence-oil-production-quota-restoration-efforts/) - Iraq and OPEC are beginning to reevaluate Iraq's oil prodcuction quota, with an emphasis on fresh review of the security and economic conditions of members.
- [Damietta LNG Plant Inspected to Ensure Efficient Operation](https://www.oilandgasadvancement.com/news/damietta-lng-plant-inspected-to-ensure-efficient-operation/) - The Damietta LNG plant inspection reviewed natural gas liquefaction and the energy hub to improve the gas supply system and regasification unit efficiency.
- [Enhanced Oil Recovery Breakthroughs in Oil and Gas Sector](https://www.oilandgasadvancement.com/upstream/enhanced-oil-recovery-breakthroughs-in-oil-and-gas-sector/) - Enhanced oil recovery breakthroughs, including CO2 injection, smart monitoring and new methods are boosting mature oil field production output and efficiency.
- [India Imports Rs.3.3 bn Russian Fossil Fuels in November 2025](https://www.oilandgasadvancement.com/market-reports/india-imports-₹3-3-bn-russian-fossil-fuels-in-november-2025/) - In spite of additional 25% tariff by U.S. on Indian imports, Russian fossil fuels in November 2025 to India stand at ₹3.3 bn and are only second to China.
- [Vår Energi Takes FID for Gjøa Subsea Projects Development](https://www.oilandgasadvancement.com/press-releases/var-energi-takes-fid-for-gjoa-subsea-projects-development/) - Vår Energi has submitted Gjøa Subsea Projects development plans for North Sea subsea development and energy infrastructure to boost production hub capacity.
- [AI Fuel Demand Forecast Helping Lower Oil Inventory Cost](https://www.oilandgasadvancement.com/downstream/ai-fuel-demand-forecast-helping-lower-oil-inventory-cost/) - AI fuel demand forecast is helping distributors reduce the inventory costs, reduce stockouts, improve planning and boost margins with smarter fuel data tools.
- [Iraq Weighs OPEC Exit Strategy Seeking Higher Oil Production](https://www.oilandgasadvancement.com/news/iraq-weighs-opec-exit-strategy-seeking-higher-oil-production/) - Iraq is weighing OPEC exit strategy as Baghdad seeks higher oil production quotas to boost oil export revenues and stabilize its economy amid regional shifts.
- [OQEP, Turkish Petroleum Awarded Block 80 Concession in Oman](https://www.oilandgasadvancement.com/press-releases/oqep-turkish-petroleum-awarded-block-80-concession-in-oman/) - Oman's OQEP and Turkey's TPOC signed the Block 80 concession to partner on hydrocarbon resources and offshore exploration in the Musandam Governorate region.
- [AI Reservoir Management Extending Life Cycle of Oil Fields](https://www.oilandgasadvancement.com/upstream/ai-reservoir-management-extending-life-cycle-of-oil-fields/) - AI reservoir management can help oil and gas undustry optimize its production, predict decline, and extend oil field life through smarter reservoir decisions.
- [Petrobras, Pemex Sign Oil and Gas Cooperation Agreement](https://www.oilandgasadvancement.com/press-releases/petrobras-pemex-sign-oil-and-gas-cooperation-agreement/) - Petrobras and Pemex signed an oil and gas cooperation agreement focusing on hydrocarbon exploration, deepwater production, refining and more industry processes.
- [TotalEnergies Eyes Well Drilling Campaign Offshore Suriname](https://www.oilandgasadvancement.com/press-releases/totalenergies-eyes-well-drilling-campaign-offshore-suriname/) - TotalEnergies is planning a new offshore well drilling campaign in Suriname's Block 58 for 2027 as a part of the company's $10.5 billion Gran Morgu project.
- [TotalEnergies Joins ADNOC's Bab Gas Cap Concession in UAE](https://www.oilandgasadvancement.com/press-releases/totalenergies-joins-adnocs-bab-gas-cap-concession-in-uae/) - TotalEnergies joins the Abu Dhabi's Bab Gas Cap concession to boost natural gas production via an ADNOC partnership and an energy concession agreement strategy.
- [Albania, ENI Sign Agreement to Enhance Energy Security](https://www.oilandgasadvancement.com/news/albania-eni-sign-agreement-to-enhance-energy-security/) - Albania's energy security efforts gain momentum through a new agreement signed with Italy and ENI S.p.A. to assess oil and gas storage and supply capacities.
- [PETRONAS Makes Major Offshore Gas Discovery in Suriname](https://www.oilandgasadvancement.com/press-releases/petronas-makes-major-offshore-gas-discovery-in-suriname/) - PETRONAS has announced a major offshore gas discovery offshore Suriname in Block 52, taking the the block's total gas reserves above 1 million boe capacity.
- [Italgas Plans €13 Billion Investment for AI, Network Growth](https://www.oilandgasadvancement.com/press-releases/italgas-plans-e13-billion-investment-for-ai-network-growth/) - Italgas plans €13 Billion investment for energy security strategy, gas distribution infrastructure, renewable gas integration, and artificial intelligence.
- [Murphy Oil Discovers Oil at Côte d’Ivoire's Bubale-1X Well](https://www.oilandgasadvancement.com/press-releases/murphy-oil-discovers-oil-at-cote-divoires-bubale-1x-well/) - Murphy Oil Corporation announced an oil discovery at the Bubale-1X well offshore Côte d’Ivoire, expanding its footprint in offshore oil exploration efforts.
- [Iraq-Türkiye Oil Pipeline Cooperation Talks Regain Momentum](https://www.oilandgasadvancement.com/news/iraq-turkiye-oil-pipeline-cooperation-talks-regain-momentum/) - Iraq-Türkiye oil pipeline talks restart efforts to revive oil via Kirkuk-Ceyhan pipeline to Mediterranean port, boosting energy cooperation between the nations.
- [Azule Energy Greenlights $5.1B Angola Offshore Oil Project](https://www.oilandgasadvancement.com/press-releases/azule-energy-greenlights-5-1b-angola-offshore-oil-project/) - $5.1 billion Angola offshore oil project receives approval from Azule Energy and partners, focusing on combining exisiting blocks, with first oil eyed for 2029.
- [Advanced Recycling Units Introducing Feedstock Efficiency](https://www.oilandgasadvancement.com/downstream/petrochemicals/advanced-recycling-units-introducing-feedstock-efficiency/) - Advanced recycling units in refineries are turning plastic waste into feedstock, introducing circular economy goals, boosting refinery value and yields growth.
- [AI-Powered Seismic Imaging Saving Millions in Drilling Wells](https://www.oilandgasadvancement.com/upstream/ai-powered-seismic-imaging-saving-millions-in-drilling-wells/) - AI-powered seismic imaging has emerged as a lifesaver for big oil firms, as it mitigates the risks of dry wells leveraging AI algorithms and analysis methods.
- [PETRONAS Expands Turkmenistan Ties with Strategic Agreements](https://www.oilandgasadvancement.com/press-releases/petronas-expands-turkmenistan-ties-with-strategic-agreements/) - PETRONAS has marked 30 years in Turkmenistan with signing of strategic agreements covering offshore blocks, seismic studies and long-term energy cooperation.
- [Iraq Outlines Oil Production Recovery Plan to Boost Industry](https://www.oilandgasadvancement.com/news/iraq-outlines-oil-production-recovery-plan-to-boost-industry/) - Iraq announced oil production recovery plan targeting 4.3 million bpd capacity, with focus on field rehabilitation, export diversification and gas development.
- [Equinor, Partners Reach Agreement for Ringvei Vest Concept](https://www.oilandgasadvancement.com/press-releases/equinor-partners-reach-agreement-for-ringvei-vest-concept/) - Equinor and partners have reached an agreement for the Ringvei Vest subsea development concept, marking a major milestone in Norwegian North Sea development.
- [Russia Agrees to Ensure Long-Term Energy Supply to Malaysia](https://www.oilandgasadvancement.com/news/russia-agrees-to-ensure-long-term-energy-supply-to-malaysia/) - Russia agrees to guarantee long-term energy supply to Malaysia, ending annual renewal cycles and ensuring energy security for the nation amid energy shortage.
- [G7 Leaders Endorse Canada's Global Energy Supply Potential](https://www.oilandgasadvancement.com/news/g7-leaders-endorse-canadas-global-energy-supply-potential/) - G7 leaders embraced Canada's global energy supply potential, aiming to reduce global reliance on Strait of Hormuz route to guarantee future energy security.
- [Repsol Advances Horcón Area Exploration in Venezuela](https://www.oilandgasadvancement.com/press-releases/repsol-advances-horcon-area-exploration-in-venezuela/) - Repsol expands Horcón area exploration in Venezuela through a new agreement with PDVSA and the Ministry of Hydrocarbons to assess oil and gas development plans.
- [IEA Projects UAE Oil Output to Top 5 Mn Bpd After OPEC Exit](https://www.oilandgasadvancement.com/news/iea-projects-uae-oil-output-to-top-5-mn-bpd-after-opec-exit/) - IEA has forecasted UAE oil output to exceed 5 million bpd in 2027 as capacity expansion, ADNOC investments, and export infrastructure support future growth.
- [Kanata Partners with Hanwha Ocean for Canada FLNG Project](https://www.oilandgasadvancement.com/press-releases/kanata-partners-with-hanwha-ocean-for-canada-flng-project/) - Kanata Clean Power & Climate Technologies and Hanwha Ocean have signed an agreement for a $15.7 billion Canada FLNG project in Prince Rupert, British Columbia.
- [A Cosmic Perspective: How Satellite Imagery Are Used in the Oil and Gas Industry](https://www.oilandgasadvancement.com/news/a-cosmic-perspective-how-satellite-imagery-are-used-in-the-oil-and-gas-industry/) - Discover how satellite imagery and AI are transforming oil and gas monitoring. Track pipelines, platforms, and boost exploration success from orbit, saving mill
- [SPC, ConocoPhillips & Novaterra to Up Syrian Gas Development](https://www.oilandgasadvancement.com/press-releases/spc-conocophillips-novaterra-to-up-syrian-gas-development/) - SPC, ConocoPhillips and Novaterra have signed a Syrian gas development deal to establish gas fields and boost production, aiming to boost Syria's energy sector.
- [Egypt Eyes Further UAE Investment in Oil and Gas Sector](https://www.oilandgasadvancement.com/press-releases/egypt-eyes-further-uae-investment-in-oil-and-gas-sector/) - Egypt discussed UAE investment in its oil and gas sector with ENOC and Dragon Oil, focusing on strategic partnerships and expanded exploration opportunities.
- [MOL Signs Libya Offshore Exploration Production Sharing Deal](https://www.oilandgasadvancement.com/press-releases/mol-signs-libya-offshore-exploration-production-sharing-deal/) - MOL signed production sharing agreement for Libya offshore exploration with Repsol and TPAO, enhancing North African operations and Central European energy.
- [Serbia, MOL Sign Shareholders' Deal to Decide NIS Management](https://www.oilandgasadvancement.com/press-releases/serbia-mol-sign-shareholders-deal-to-decide-nis-management/) - Serbia and MOL Group have signed a shareholders' agreement on NIS management, solidifying future operations, decision-making and energy security for Serbia.
- [Greece Welcomes Chevron in Block 10 Offshore Gas Concession](https://www.oilandgasadvancement.com/press-releases/greece-welcomes-chevron-in-block-10-offshore-gas-concession/) - Greece has approved Chevron’s entry into the Block 10 offshore gas concession, advancing further exploration plans with HELLENiQ ENERGY across the Ionian Sea.
- [NOC Signs Exploration and Production Deals with Oil Majors](https://www.oilandgasadvancement.com/press-releases/noc-signs-exploration-and-production-deals-with-oil-majors/) - Libya's NOC has signed exploration and production deals with Eni, QatarEnergy, Repsol and MOL, aiming to boost oil and gas output and attract foreign companies.
- [FSRUs Redefine Global LNG Market Infrastructure Landscape](https://www.oilandgasadvancement.com/pipelines-transport/fsrus-redefine-global-lng-market-infrastructure-landscape/) - FSRUs are introducing a new frontier in global energy market, enabling fast and flexible regasification, lower costs, and quicker LNG import capacity growth.
- [Iraq Requests Kirkuk-Ceyhan Pipeline Agreement Extension](https://www.oilandgasadvancement.com/news/iraq-requests-kirkuk-ceyhan-pipeline-agreement-extension/) - Iraq requested Türkiye for the Kirkuk-Ceyhan pipeline agreement extension by one year, allowing time to negotiate a new framework for vital crude oil exports.
- [Jordan Extends NPC Risha Gas Field Concession Until 2061](https://www.oilandgasadvancement.com/news/jordan-extends-npc-risha-gas-field-concession-until-2061/) - Jordan has extended the NPC Risha gas field concession until 2061, supporting NPC’s expansion plans, natural gas production growth and energy security goals.
- [South Korea, Saudi Arabia Sign Crude oil and Gas Agreement](https://www.oilandgasadvancement.com/news/south-korea-saudi-arabia-sign-crude-oil-and-gas-agreement/) - South Korea and Saudi Arabia strengthen bilateral ties, reaffirming crude oil and gas supply with a new agreement for energy security among global disruption.
- [Egypt Discusses WDDM Area Investment with Oil Companies](https://www.oilandgasadvancement.com/news/egypt-discusses-wddm-area-investment-with-oil-companies/) - Egypt's Prime Minister toured the WDDM area, reaffirming commitment to attracting oil and gas investment aiming future plans and international partnerships.
- [Kazakhstan Kashagan Gas Plant Project Enters Practical Phase](https://www.oilandgasadvancement.com/news/kazakhstan-kashagan-gas-plant-project-enters-practical-phase/) - Kazakhstan's Kashagan gas plant moves into practical implementation, a key development for the nation's gas industry, with efforts to boost energy security.
- [Venezuela Taps Shell for Loran Gas Field and Other Projects](https://www.oilandgasadvancement.com/news/venezuela-taps-shell-for-loran-gas-field-and-other-projects/) - Venezuela has signed five agreements with Shell to advance oil and gas projects, including the Loran gas field development and crude for oil and gas markets.
- [EnQuest Acquires Malaysian PSC Stakes to Grow SE Asia Assets](https://www.oilandgasadvancement.com/press-releases/enquest-acquires-malaysian-psc-stakes-to-grow-se-asia-assets/) - EnQuest significantly enhances its Southeast Asian oil and gas portfolio by acquiring four Malaysian PSC stakes, aiming to increase production and reserves.
- [SLB, PDVSA Seek Venezuela Oil Sector Digital Transformation](https://www.oilandgasadvancement.com/press-releases/slb-pdvsa-seek-venezuela-oil-sector-digital-transformation/) - SLB and PDVSA sign framework agreement to modernize Venezuela's oil and gas sector, focusing on digital transformation, exploration, and talent development.
- [APA Corporation Signs Savant Alaska Acquisition Agreement](https://www.oilandgasadvancement.com/press-releases/apa-corporation-signs-savant-alaska-acquisition-agreement/) - APA Corporation finalizes Savant Alaska acquisition securing vital infrastructure and pipeline access to significantly enhance eastern North Slope operations.
- [Japan Signs Long-term LNG Supply Agreement with Malaysia](https://www.oilandgasadvancement.com/press-releases/japan-signs-long-term-lng-supply-agreement-with-malaysia/) - Japan's JERA has signed a 20-year LNG supply agreement with Malaysia's Petronas, enhancing energy security amid global uncertainties and rising energy demands.
- [Shell, Partners Mark Huge Namibia Offshore Oil Discovery](https://www.oilandgasadvancement.com/press-releases/shell-partners-mark-huge-namibia-offshore-oil-discovery/) - Shell, QatarEnergy, and NAMCOR announce big Namibia offshore oil discovery, at the Merlin-1X well, confirming promising subsurface findings in the Orange Basin.
- [SOCAR Takes Over Western Route Export Pipeline Operations](https://www.oilandgasadvancement.com/press-releases/socar-takes-over-western-route-export-pipeline-operations/) - SOCAR has taken the control of the Western Route Export Pipeline and Supsa terminal operations, ensuring continued functioning of a key Caspian export route.
- [Egypt, Syria Discuss Advancing Energy Cooperation Efforts](https://www.oilandgasadvancement.com/news/egypt-syria-discuss-advancing-energy-cooperation-efforts/) - Egypt and Syria discussed advancing energy cooperation through oil, gas, infrastructure, and training initiatives to support Syria\'s energy sector recovery.
- [BP Plans to Reorganize to Upstream and Downstream Operations](https://www.oilandgasadvancement.com/press-releases/bp-plans-to-reorganize-to-upstream-and-downstream-operations/) - BP announces a strategic reorganization into upstream and downstream operations, effective 1st July 2026, to enhance performance, value and simplify operations.
- [Eni, Petronas Launch Integrated Energy JV in Southeast Asia](https://www.oilandgasadvancement.com/press-releases/eni-petronas-launch-integrated-energy-jv-in-southeast-asia/) - Eni and Petronas combine assets to form Searah, Southeast Asia\'s largest independent integrated energy JV, eyeing substantial production growth and investment.
- [Indonesia Approaches Lemigas for Russian Crude Oil Imports](https://www.oilandgasadvancement.com/news/indonesia-approaches-lemigas-for-russian-crude-oil-imports/) - Indonesia assigns Lemigas to manage Russian crude oil imports, to bolster national energy security, with new rules to streamline procurement and transactions.
- [Consortium to Establish SAF Production Project in France](https://www.oilandgasadvancement.com/press-releases/consortium-to-establish-saf-production-project-in-france/) - Technip Energies, Airbus, Safran and Tereos have formed the Rebound joint venture to pioneer an SAF Production Project in the Port of Dunkirk in North France.
- [Technip Energies Wins Coral Norte FLNG Project Contract](https://www.oilandgasadvancement.com/press-releases/technip-energies-wins-coral-norte-flng-project-contract/) - Technip Energies has secured a significant EPCIC contract for the Coral Norte FLNG project offshore Mozambique, enhancing the region\'s LNG production capacity.
- [Vietnam Ministry Targets Murphy Oil Investment Expansion](https://www.oilandgasadvancement.com/press-releases/vietnam-ministry-targets-murphy-oil-investment-expansion/) - Vietnam held discussions regarding further Murphy Oil investment expansion strategy, highlighting the company\'s contributions to the country\'s energy sector.
- [Indonesia Speeds up Unconventional Oil and Gas to Cut Import](https://www.oilandgasadvancement.com/news/indonesia-speeds-up-unconventional-oil-and-gas-to-cut-import/) - Indonesia has decided to fast-track unconventional oil and gas regulations to boost domestic production and protect its economy from currency fluctuations.
- [Egypt, Cyprus Finalize Aphrodite Gas Field Export Deadline](https://www.oilandgasadvancement.com/news/egypt-cyprus-finalize-aphrodite-gas-field-export-deadline/) - Egypt and Cyprus have finalized deadline for agreements regarding the Aphrodite gas field export to Egypt, bolstering regional energy security and energy trade.
- [MOL Invests in Landmark Delfin FLNG 1 Project in the U.S.](https://www.oilandgasadvancement.com/press-releases/mol-invests-in-landmark-delfin-flng-1-project-in-the-u-s/) - MOL reaches FID for the landmark Delfin FLNG 1 with Delfin Midstream, GIP, Vitol and investors backing the USD 5 billion FLNG project targeting 2030 output.
- [Dangote Refinery Processing Capacity Reaches 700,000 Bpd](https://www.oilandgasadvancement.com/press-releases/dangote-refinery-processing-capacity-reaches-700000-bpd/) - Dangote Refinery increases crude oil processing capacity to 700,000 bpd, with further plans to reach 1.4 million bpd by 2028 for global refining dominance.
- [Indonesia Targets Oil Output Boost From Community Wells](https://www.oilandgasadvancement.com/news/indonesia-targets-oil-output-boost-from-community-wells/) - Indonesia is targeting an oil output boost to 2,000 bpd from community wells by July 2026, aiming to cut energy imports and strengthen domestic energy supply.
- [Barbados Launches Offshore Licensing Drive for 19 Blocks](https://www.oilandgasadvancement.com/news/barbados-launches-offshore-licensing-drive-for-19-blocks/) - Barbados launches 2026 offshore licensing drive for 19 ultra-deepwater blocks to attract foreign companies, with focus on environmental and climate standards.
- [Iraq to Boost Ceyhan Oil Export Amid Hormuz Strait Crisis](https://www.oilandgasadvancement.com/news/iraq-to-boost-ceyhan-oil-export-amid-hormuz-strait-crisis/) - Iraq plans to triple Ceyhan oil export through Kurdistan to Turkey\'s Mediterranean port, addressing supply disruptions in Hormuz Strait affecting oil supplies.
- [LNG Supply Deal Expands INEOS Energy Asian Market Presence](https://www.oilandgasadvancement.com/press-releases/lng-supply-deal-expands-ineos-energy-asian-market-presence/) - INEOS Energy has signed a LNG supply deal with Japan\'s Marubeni Corporation, expanding its Asian market presence and further diversifying its energy portfolio.
- [Korea, Canada to Expand Supply through Energy Cooperation](https://www.oilandgasadvancement.com/news/korea-canada-to-expand-supply-through-energy-cooperation/) - Energy cooperation expansion between South Korea and Canada expands crude oil imports, LNG investments and supply-chain partnerships amid global disruptions.
- [Azerbaijan's ACG Field Commences First-Ever Gas Production](https://www.oilandgasadvancement.com/press-releases/azerbaijans-acg-field-commences-first-ever-gas-production/) - BP and partners have started first non-associated gas production phase in Azerbaijan\'s ACG field, a historic milestone for the energy sector in the Caspian Sea.
- [OQEP, PTTEP to Advance Oman-Thailand Energy Exploration](https://www.oilandgasadvancement.com/press-releases/oqep-pttep-to-advance-oman-thailand-energy-exploration/) - OQEP and PTTEP signed MoU to advance Oman-Thailand energy exploration cooperation, enhancing capabilities and strategic partnerships in global energy markets.
- [Türkiye and Azerbaijan Sign Major 33 BCM Natural Gas Supply Agreement](https://www.oilandgasadvancement.com/news/turkiye-and-azerbaijan-sign-major-33-bcm-natural-gas-supply-agreement/) - Türkiye and Azerbaijan signed a long-term natural gas supply agreement, supporting the country\'s regional energy hub ambitions and energy security concerns.
- [Chevron Targets Greek Offshore Exploration Block Stake](https://www.oilandgasadvancement.com/press-releases/chevron-targets-greek-offshore-exploration-block-stake/) - Chevron is pursuing a 70% stake in a Greek offshore exploration block, expanding its energy footprint in the Eastern Mediterranean alongside Helleniq Energy.
- [SLB, Vår Energi Advance Well and Integrated Field Planning](https://www.oilandgasadvancement.com/press-releases/slb-var-energi-advance-well-and-integrated-field-planning/) - SLB and Vår Energi expand digital collaboration, leveraging the Delfi platform for streamlined well and integrated field planning on the NCS offshore Norway.
- [Philippines Partners with Japan for Strategic Oil Reserves](https://www.oilandgasadvancement.com/news/philippines-partners-with-japan-for-strategic-oil-reserves/) - The Philippines is partnering with Japan to develop strategic oil reserves, enhancing national energy security through technical assistance and cooperation.
- [Kuwait Eyes Liquefied Natural Gas, Hydrogen for Energy Shift](https://www.oilandgasadvancement.com/news/kuwait-eyes-liquefied-natural-gas-hydrogen-for-energy-shift/) - Kuwait's Ministry of Oil discussed key developments in liquefied natural gas and hydrogen, focusing on alternative energy sources likely for energy transition.
- [African Energy Investors Eye Opportunities in South America](https://www.oilandgasadvancement.com/news/african-energy-investors-eye-opportunities-in-south-america/) - African energy investors are increasingly targeting South America\'s burgeoning oil and gas sectors, particularly Brazil\'s pre-salt and Argentina\'s pipelines.
- [Zarubezhneft, Petrovietnam Bolster Oil and Gas Cooperation](https://www.oilandgasadvancement.com/press-releases/zarubezhneft-petrovietnam-bolster-oil-and-gas-cooperation/) - Vietnam-Russia oil and gas cooperation expands as Zarubezhneft and Petrovietnam discuss joint ventures in energy, focusing on future energy diversification.
- [Santos Announces Oil and LNG Production Expansion Strategy](https://www.oilandgasadvancement.com/press-releases/santos-announces-oil-and-lng-production-expansion-strategy/) - Australia\'s Santos is prioritizing oil and LNG production expansion across key regions including Alaska, Papua New Guinea, and Beetaloo and Bedout Basin assets.
- [How UAE's Exit from OPEC would Affect the Global Oil Market](https://www.oilandgasadvancement.com/upstream/how-uaes-exit-from-opec-would-affect-the-global-oil-market/) - UAE\'s exit from OPEC from May 2026 would trigger seismic shifts in global oil markets and have a deep impact on prices, geopolitics, and the energy transition.
- [Eni Advances FID on Baleine Project Phase 3 in West Africa](https://www.oilandgasadvancement.com/press-releases/eni-advances-fid-on-baleine-project-phase-3-in-west-africa/) - Italy\'s Eni announces Final Investment Decision for Baleine Project Phase 3, expanding its West Africa oil & gas project in Côte d’Ivoire and boosting output.
- [Adnoc Oil Shipments Sneak through Strait of Hormuz Blockades](https://www.oilandgasadvancement.com/pipelines-transport/adnoc-oil-shipments-sneak-through-strait-of-hormuz-blockades/) - Adnoc is discreetly moving oil shipments from the Persian Gulf, utilizing dark transits to bypass naval patrols and reach global customers amid UAE\'s OPEC exit.
- [Türkiye Proposes Energy Corridor to Bolster Energy Security](https://www.oilandgasadvancement.com/news/turkiye-proposes-energy-corridor-to-bolster-energy-security/) - The Türkiye energy corridor strategy aims to secure regional energy security through new oil, gas routes linking the Gulf and Europe amid times of uncertainty.
- [Equinor, Aker BP to Boost Norwegian Continental Shelf Output](https://www.oilandgasadvancement.com/press-releases/equinor-aker-bp-to-boost-norwegian-continental-shelf-output/) - Equinor and Aker BP have agreed to expand collaboration on the Norwegian continental shelf to accelerate oil and gas developments and boost value creation.
- [EU Agrees To Extend Price Ceiling On Gas Till January 2025](https://www.oilandgasadvancement.com/news/eu-agrees-to-extend-price-ceiling-on-gas-till-january-2025/) - The energy ministers across the European Union have decided to go ahead with an extension in the price capping when it comes to gas up until January 2025.
- [QatarEnergy Anticipates of Having Fresh LNG Supply Deals](https://www.oilandgasadvancement.com/news/qatarenergy-anticipates-of-having-fresh-lng-supply-deals/) - In a recent move, it has been confirmed by the CEO of QatarEnergy that the LNG supply arrangements are going to witness fresh deals across Asia and Europe.
- [LNG To Grid Connections In Germany To Touch $4.8 Billion](https://www.oilandgasadvancement.com/news/lng-to-grid-connections-in-germany-to-touch-4-8-billion/) - Connection of energy network in Germany to its rapidly growing LNG import hubs is most likely to cost the nation around $4.8 Billion, say grid operators.
- [US Natural Gas To Surge As Colder January Weather Expected](https://www.oilandgasadvancement.com/news/us-natural-gas-to-surge-as-colder-january-weather-expected/) - Due to rising demand when it comes to heating because of lower winter temperatures, the natural gas costs in the US are most likely going to see an upsurge.
- [How Rapid Delivery of Surplus Tubular Goods Shortens the Path to First Oil](https://www.oilandgasadvancement.com/upstream/how-rapid-delivery-of-surplus-tubular-goods-shortens-the-path-to-first-oil/) - Rapid delivery of surplus OCTGs helps oil and gas operators cut downtime streamline procurement and speed up drilling to first oil with reliable supply.
- [Devon Energy Tops Bid at Record $4B U.S. Oil and Gas Auction](https://www.oilandgasadvancement.com/upstream/devon-energy-tops-bid-at-record-4b-u-s-oil-and-gas-auction/) - Devon Energy Corp. secured over half of a record $4 billion U.S. oil and gas auction on federal lands in New Mexico and Texas, highlighting strong investments.
- [Nigeria Rushes Towards 100,000 BPD Increase in Oil Output](https://www.oilandgasadvancement.com/upstream/nigeria-rushes-towards-100000-bpd-increase-in-oil-output/) - Nigeria is rapidly increasing its crude oil production to address global supply disruptions, aiming for 100,000 BPD increase in output and strategic expansion.
- [Indonesia Outlines Strategy for Fair Oil and Gas Investment](https://www.oilandgasadvancement.com/news/indonesia-outlines-strategy-for-fair-oil-and-gas-investment/) - Indonesia has outlined a new, fairer oil and gas investment climate strategy to ensure energy security and fair treatment for both public and private investors.
- [UK Relaxes Russian Oil Sanctions Amid Global Fuel Shortages](https://www.oilandgasadvancement.com/news/uk-relaxes-russian-oil-sanctions-amid-global-fuel-shortages/) - The UK has relaxed Russian oil sanctions to aid diesel and jet fuel refining, amid high oil prices and supply disruptions due to the Strait of Hormuz blockade.
- [Japan, S Korea Deepen Energy and Supply Chain Cooperation](https://www.oilandgasadvancement.com/news/japan-s-korea-deepen-energy-and-supply-chain-cooperation/) - South Korea and Japan deepen energy and supply chain cooperation, focusing on LNG and crude oil amid the Middle East instability and Strait of Hormuz closure.
- [Shale Technology Points to Next Global Oil Production Boom](https://www.oilandgasadvancement.com/upstream/shale-technology-points-to-next-global-oil-production-boom/) - Shale technology could hold the potential for the next global oil boom, reshaping crude supply, affecting OPEC strategy, and influencing global energy prices.
- [Integrated Energy Hubs Bringing Efficiency in Energy Sector](https://www.oilandgasadvancement.com/downstream/integrated-energy-hubs-bringing-efficiency-in-energy-sector/) - Integrated energy hubs are combining LNG, hydrogen, refining, and petrochemicals to strengthen industrial efficiency, margins, and decarbonization strategies.
- [Uzbekistan, ROSEN Group to Work on Oil and Gas Sector Safety](https://www.oilandgasadvancement.com/news/uzbekistan-rosen-group-to-work-on-oil-and-gas-sector-safety/) - Uzbekistan and ROSEN Group have signed an agreement to strengthen the country\'s oil and gas sector safety, industrial safety, and asset integrity management.
- [UAE Aims Second Oil Pipeline by 2027 to Bypass Hormuz Strait](https://www.oilandgasadvancement.com/pipelines-transport/uae-aims-second-oil-pipeline-by-2027-to-bypass-hormuz-strait/) - UAE to expand oil export capacity with plans for a second oil pipeline bypassing the Strait of Hormuz by 2027, enhancing energy security and energy flows.
- [Santos, Repsol Begin Commercial Oil Flows in Pikka Project](https://www.oilandgasadvancement.com/press-releases/santos-repsol-begin-commercial-oil-flows-in-pikka-project/) - Santos and Repsol begin commercial oil flows in Alasks\'s Pikka project, marking a major milestone for North Slope production and regional energy development.
- [ADNOC to Increase Crude Oil Storage in India to 30M Barrels](https://www.oilandgasadvancement.com/press-releases/adnoc-to-increase-crude-oil-storage-in-india-to-30m-barrels/) - ADNOC strengthens UAE-India energy ties by increasing crude oil storage in India to 30M barrels, enhancing energy security and supply resilience between them.
- [Iraq to Operationalize Kirkuk-Nineveh Crude Pipeline Soon](https://www.oilandgasadvancement.com/pipelines-transport/iraq-to-operationalize-kirkuk-nineveh-crude-pipeline-soon/) - Iraq plans to operationalize the Kirkuk-Nineveh crude pipeline within a month to support oil export capacity, as part of its broader strategy for energy export.
- [ENEOS Acquires Chevron APAC Downstream Assets for $2.2 Bn](https://www.oilandgasadvancement.com/press-releases/eneos-acquires-chevron-apac-downstream-assets-for-2-2-bn/) - ENEOS secures key Chevron APAC downstream fuel and lubricants businesses for $2.2 Bn, marking a strategic expansion of growing regional and global markets.
- [Midstream Pipeline Operators Gain with AI Data Center Boom](https://www.oilandgasadvancement.com/pipelines-transport/midstream-pipeline-operators-gain-with-ai-data-center-boom/) - Midstream pipeline operators are witnessing gain as AI data center boom lifts gas demand, power needs, and energy infrastructure investment across U.S. markets.
- [BP Acquires 40% Stake in 6 Uzbekistan Oil and Gas Blocks](https://www.oilandgasadvancement.com/press-releases/bp-acquires-40-stake-in-6-uzbekistan-oil-and-gas-blocks/) - BP has confirmed the acquisition of a 40% stake in 6 Uzbekistan oil and gas blocks in the North Ustyurt region, underlining BP\'s return to traditional energy.
- [Indonesia to Launch 10 New Oil and Gas Blocks for Auction](https://www.oilandgasadvancement.com/news/indonesia-to-launch-10-new-oil-and-gas-blocks-for-auction/) - Indonesia set to unveil 10 new oil and gas blocks at IPA Convex 2026, offering enhanced fiscal policies and contract flexibility to attract upstream investment.
- [Egypt, TotalEnergies to Explore in Western Mediterranean](https://www.oilandgasadvancement.com/news/egypt-totalenergies-to-explore-in-western-mediterranean/) - Egypt and TotalEnergies have signed an MoU for natural gas exploration in the western Mediterranean, bolstering domestic production and attracting investment.
- [Petrobras-Pemex Partnership to Explore Mexico Opportunities](https://www.oilandgasadvancement.com/press-releases/petrobras-pemex-partnership-to-explore-mexico-opportunities/) - A Petrobras-Pemex partnership is set to explore new business opportunities offshore Gulf of Mexico, for ultra-deep water projects and refining and expansion.
- [Syria Charges Offshore Oil and Gas with Major Partnerships](https://www.oilandgasadvancement.com/upstream/syria-charges-offshore-oil-and-gas-with-major-partnerships/) - Energy firms, including QatarEnergy and TotalEnergies, are set to assess Syria\'s offshore oil and gas potential in the Mediterranean Sea under an agreement.
- [Libya Regains Full Control of Ras Lanuf Refinery After Decade-Long Dispute](https://www.oilandgasadvancement.com/news/libya-regains-full-control-of-ras-lanuf-refinery-after-decade-long-dispute/) - Libya\'s National Oil Corporation (NOC) announced regaining full control of Ras Lanuf Refinery, ending a decade-long dispute with Emirati partner Trasta Company.
- [U.S. DOE Confirms Loan of 53.3 Million Barrels to Oil Firms](https://www.oilandgasadvancement.com/news/u-s-doe-confirms-loan-of-53-3-million-barrels-to-oil-firms/) - The U.S. DOE has approved lending 53.3 million barrels from the Strategic Petroleum Reserve to energy companies to help stabilize global oil market shocks.
- [European Union Weighs Domestic Gas Drilling for Energy Needs](https://www.oilandgasadvancement.com/news/european-union-weighs-domestic-gas-drilling-for-energy-needs/) - EU energy ministers are set to convene to discuss domestic gas drilling as a means to address ongoing energy security concerns and volatile global markets.
- [Shura Council Approves Bahrain Gas Exploration Concession](https://www.oilandgasadvancement.com/upstream/shura-council-approves-bahrain-gas-exploration-concession/) - Shura Council approves major Bahrain gas exploration agreement concession, in a bid to strengthen energy security and attract significant foreign investment.
- [EGPC Launches Carbon Footprint Platform to Track Emissions](https://www.oilandgasadvancement.com/news/egpc-launches-carbon-footprint-platform-to-track-emissions/) - The Egyptian General Petroleum Corporation has launched a digital carbon footprint platform to track emissions of Egypt\'s oil and gas sector for sustainability.
- [Iraq Taps Baniyas Port for Fuel Oil Exports to Boost Supply](https://www.oilandgasadvancement.com/news/iraq-taps-baniyas-port-for-fuel-oil-exports-to-boost-supply/) - Iraq\'s Ministry of Oil reveals a comprehensive plan to export fuel oil via Syria\'s Baniyas port, enhancing global market access and seeking financial liquidity.
- [Nigeria, Africa Key to 10 Million Bpd Supply Opportunity](https://www.oilandgasadvancement.com/pipelines-transport/nigeria-africa-key-to-10-million-bpd-supply-opportunity/) - Africa, with Nigeria at the forefront, holds 10 million bpd supply market to fill the global oil supply gap caused by the Middle East geopolitical tensions.
- [Venezuela Sees Boost in Energy Infrastructure Investment](https://www.oilandgasadvancement.com/upstream/venezuela-sees-boost-in-energy-infrastructure-investment/) - Venezuela is witnessing a rise in energy infrastructure investment from international companies, with new deals and projects following a seven-year export peak.
- [Italy Discusses Strengthening Energy Cooperation with Libya](https://www.oilandgasadvancement.com/news/italy-discusses-strengthening-energy-cooperation-with-libya/) - Italy and Libya are discussing enhanced energy cooperation, focusing on imports, exports, and investment in the energy sector to ensure stable energy supplies.
- [TA'ZIZ, Alpha Dhabi to Expand Ruwais Chemical Production](https://www.oilandgasadvancement.com/press-releases/taziz-alpha-dhabi-to-expand-ruwais-chemical-production/) - TA\'ZIZ and Alpha Dhabi Holding forge a strategic partnership to significantly expand Ruwais chemical production, driving local manufacturing and supply chain.
- [Egypt, Lebanon Sign Deal to Revitalize Gas Infrastructure](https://www.oilandgasadvancement.com/news/egypt-lebanon-sign-deal-to-revitalize-gas-infrastructure/) - Egypt and Lebanon signed an agreement to rehabilitate gas infrastructure, strengthening bilateral ties in regional energy security and energy infrastructure.
- [U.S. Oil Exports See Record Surge to Fill Global Supply Gap](https://www.oilandgasadvancement.com/pipelines-transport/u-s-oil-exports-see-record-surge-to-fill-global-supply-gap/) - U.S. oil exports surged to record levels in April 2026, a development amidst global supply shortages due to geopolitical events, elevating global energy prices.
- [Nigeria Oil and Gas Sector Surges with Renewed Momentum](https://www.oilandgasadvancement.com/upstream/nigeria-oil-and-gas-sector-surges-with-renewed-momentum/) - Nigeria oil and gas sector is undergoing significant transformation with increased local participation and strong investor interest amid various policy reforms.
- [Romania's Neptun Deep Gas Project Pipeline Work Commences](https://www.oilandgasadvancement.com/news/romanias-neptun-deep-gas-project-pipeline-work-commences/) - Pipeline laying work in Romania\'s Neptun Deep gas project has begun in the Black Sea, an energy initiative which can boost gas production and export activities.
- [Low Natural Gas Prices In US To Continue In 2024, Says EIA](https://www.oilandgasadvancement.com/news/low-natural-gas-prices-in-us-to-continue-in-2024-says-eia/) - Given domestic natural gas production is correlated with rising crude oil production, one can predict slower decline in natural gas production than in pricing.
- [Indonesia Eyes Compressed Natural Gas as LPG Alternative](https://www.oilandgasadvancement.com/news/indonesia-eyes-compressed-natural-gas-as-lpg-alternative/) - Indonesia is exploring compressed natural gas as a domestic substitute for imported LPG, aiming to enhance energy security amid global oil supply disturbance.
- [Libya, U.S. Discuss Deeper Energy Infrastructure Cooperation](https://www.oilandgasadvancement.com/news/libya-u-s-discuss-deeper-energy-infrastructure-cooperation/) - Libyan government delegation met with U.S. Department of Energy officials to discuss deeper energy infrastructure cooperation in Libya\'s oil and gas sector.
- [Venezuela Oil Exports Surge to Seven Year High in April 2026](https://www.oilandgasadvancement.com/news/venezuela-oil-exports-surge-to-seven-year-high-in-april-2026/) - Venezuela oil exports rose to 1.23 million bpd in April 2026, driven by U.S., India, and Europe demand amid easing sanctions and renewed global market access.
- [Global Oil and Gas Storage Market to Grow Steadily by 2035](https://www.oilandgasadvancement.com/market-reports/global-oil-and-gas-storage-market-to-grow-steadily-by-2035/) - Global oil and gas storage market is set to grow steadily to $341.39 Bn by 2035, marking shifting usage and supply needs shaping the future of energy storage.
- [Egypt, TotalEnergies Discuss Growing Natural Gas Exploration](https://www.oilandgasadvancement.com/news/egypt-totalenergies-discuss-growing-natural-gas-exploration/) - Egypt advances natural gas exploration with TotalEnergies, focusing on the Herodotus Basin and Mediterranean investments to boost domestic production growth.
- [PETRONAS, ENEOS Xplora Renew Partnership in MLNG Tiga Deal](https://www.oilandgasadvancement.com/press-releases/petronas-eneos-xplora-renew-partnership-in-mlng-tiga-deal/) - PETRONAS and ENEOS strengthen ties with a new MLNG Tiga agreement, securing LNG supply, boosting investor confidence, and supporting Asia’s energy security.
- [Trump Greenlights Canada-U.S. Bridger Pipeline Expansion](https://www.oilandgasadvancement.com/news/trump-greenlights-canada-u-s-bridger-pipeline-expansion/) - Trump has approved the Bridger Pipeline Expansion, a major oil conduit between Canada and the U.S., enhancing energy infrastructure and export capabilities.
- [Petrobras Expands Its Presence in the Campos Basin with the Acquisition of Part of the Argonauta Ring-Fence](https://www.oilandgasadvancement.com/press-releases/petrobras-expands-its-presence-in-the-campos-basin-with-the-acquisition-of-part-of-the-argonauta-ring-fence/) - Petrobras strengthens its position in Brazil’s Campos Basin with Argonauta Field acquisition, boosting Jubarte Shared Reservoir stake and operational value.
- [BP Advances Cocuina-Manakin Field Development in Venezuela](https://www.oilandgasadvancement.com/press-releases/bp-advances-cocuina-manakin-field-development-in-venezuela/) - BP signs agreement to develop Venezuela’s Cocuina-Manakin field and explore Loran gas opportunities, boosting offshore energy cooperation and LNG prospects.
- [U.S. LNG Exports Step in to Balance Qatar Supply Gap Crisis](https://www.oilandgasadvancement.com/pipelines-transport/u-s-lng-exports-step-in-to-balance-qatar-supply-gap-crisis/) - U.S. LNG exports have moved in to offset supply losses from Qatar, keeping global LNG markets stable despite disruptions and rising energy demand in early 2026.
- [UAE Announces OPEC Exit Amid Global Oil Market Volatility](https://www.oilandgasadvancement.com/news/uae-announces-opec-exit-amid-global-oil-market-volatility/) - UAE\'s OPEC exit from 1st May 2026 is set to end its tenure as the group\'s third-largest producer with a huge shock to the global oil markets amid shortage.
- [Shell Announces Agreement to Acquire Canadian Energy Company ARC Resources](https://www.oilandgasadvancement.com/press-releases/shell-announces-agreement-to-acquire-canadian-energy-company-arc-resources/) - Shell plc has agreed to acquire ARC Resources to expand its Montney shale basin footprint, boosting LNG growth, reserves, and long-term production in Canada.
- [Canada’s Enbridge Gas Pipeline Expansion to Ease Gas Demand](https://www.oilandgasadvancement.com/news/canadas-enbridge-gas-pipeline-expansion-to-ease-gas-demand/) - Canada has approved Enbridge gas pipeline expansion in British Columbia, boosting capacity and supporting LNG demand with construction set for July 2026 start.
- [Saudi Arabia Advances Amiral Downstream Industries Expansion](https://www.oilandgasadvancement.com/news/saudi-arabia-advances-amiral-downstream-industries-expansion/) - Saudi Arabia advances Amiral downstream industries expansion with a $11B project, boosting petrochemicals, local jobs, and industrial growth in Jubail by 2027.
- [Sierra Leone Signs Upstream Reconnaissance Permit with Shell](https://www.oilandgasadvancement.com/news/sierra-leone-signs-upstream-reconnaissance-permit-with-shell/) - Sierra Leone signs reconnaissance permit agreement with Shell to boost offshore basin evaluation, strengthen upstream strategy, and attract global investment.
- [ENOC, Emarat Ink Deal for Aviation Fuel Business Continuity](https://www.oilandgasadvancement.com/pipelines-transport/enoc-emarat-ink-deal-for-aviation-fuel-business-continuity/) - ENOC Group and Emarat signed an MoU to strengthen aviation fuel business continuity through a robust BCP framework ensuring resilient Jet A-1 supply operations.
- [QatarEnergy Marks First LNG Export from Golden Pass Facility](https://www.oilandgasadvancement.com/news/qatarenergy-marks-first-lng-export-from-golden-pass-facility/) - QatarEnergy marks first LNG export from Golden Pass LNG project, boosting global supply and advancing large-scale LNG production activity in the United States.
- [Japan Taps Saudi Arabia for Oil Supply amid Energy Crisis](https://www.oilandgasadvancement.com/news/japan-taps-saudi-arabia-for-oil-supply-amid-energy-crisis/) - Japan strengthens oil supply through Saudi cooperation and reserve releases, addressing disruptions and ensuring energy security amid global fuel supply crunch.
- [Druzhba Pipeline Resumes Supply to Europe After Long Hiatus](https://www.oilandgasadvancement.com/news/druzhba-pipeline-resumes-supply-to-europe-after-long-hiatus/) - Druzhba pipeline shipments restart after disruption as EU advances loan approval for Ukraine, highlighting shifting energy and political dynamics in Europe.
- [Philippines Secures 21,000 MT of LPG for Supply Stability](https://www.oilandgasadvancement.com/news/philippines-secures-21000-mt-of-lpg-for-supply-stability/) - Philippines has secured 21,000 MT of LPG from the U.S. to stabilize supply, support domestic markets, and strengthen energy security amid global volatility.
- [Enagás To Buy Teréga Stake for European Network Expansion](https://www.oilandgasadvancement.com/pipelines-transport/enagas-to-buy-terega-stake-for-european-network-expansion/) - Enagás’ European network expansion to boost as it will acquire Teréga stake and reshape its hydrogen portfolio to strengthen cross-border energy integration.
- [Algeria Begins Bidding for 7 Hydrocarbon Exploration Blocks](https://www.oilandgasadvancement.com/news/algeria-begins-bidding-for-7-hydrocarbon-exploration-blocks/) - Bidding for 7 hydrocarbon exploration blocks launched by Algeria in 2026 round to attract upstream investment and expand production capacity and infrastructure.
- [Major Geliga Gas Discovery Expands Eni’s Indonesia Portfolio](https://www.oilandgasadvancement.com/upstream/major-geliga-gas-discovery-expands-enis-indonesia-portfolio/) - Geliga Gas Discovery marks a major milestone for Eni offshore Indonesia, with 5 Tcf gas potential, strengthening Kutei Basin prospects and development plans.
- [U.S. Extends Russian Oil Waiver Amid Global Energy Crisis](https://www.oilandgasadvancement.com/news/u-s-extends-russian-oil-waiver-amid-global-energy-crisis/) - Russian oil waiver extended by U.S. under Donald Trump administration to stabilize markets as global energy disruption intensifies amid war and supply shocks.
- [Namibia Pushes Amendment Bill for Oil Infrastructure Growth](https://www.oilandgasadvancement.com/news/namibia-pushes-amendment-bill-for-oil-infrastructure-growth/) - Namibia accelerates petroleum reforms with Amendment Bill to boost offshore oil development, investor confidence, and regulatory efficiency ahead of production.
- [Petrobras Expands São Tomé Block 3 Stake Offshore Africa](https://www.oilandgasadvancement.com/upstream/petrobras-expands-sao-tome-block-3-stake-offshore-africa/) - Petrobras is acquiring 75% of São Tomé Block 3, boosting its offshore presence in São Tomé and Príncipe as part of its African exploration expansion strategy.
- [Japan Pledges $10bn Financial Aid for ASEAN Energy Crisis](https://www.oilandgasadvancement.com/news/japan-pledges-10bn-financial-aid-for-asean-energy-crisis/) - Japan launches $10bn financial aid plan to help ASEAN nations secure crude oil, strengthen supply chains, and address energy disruptions caused by the Iran war.
- [S Korea Secures 273 Mn Barrels of Crude to Stabilize Supply](https://www.oilandgasadvancement.com/news/s-korea-secures-273-mn-barrels-of-crude-to-stabilize-supply/) - South Korea locks in 273 mn barrels of crude from Saudi Arabia, Oman, and Kazakhstan, ensuring supply security via alternative routes amid Strait disruptions.
- [Petrobras to Fund World’s Largest Seismic Monitoring Project](https://www.oilandgasadvancement.com/upstream/petrobras-to-fund-worlds-largest-seismic-monitoring-project/) - Petrobras invests US$450 million in a seismic monitoring project at Mero field, enhancing reservoir insights, boosting recovery, and reducing emissions impact.
- [Repsol Makes Re-entry to Boost Oil Production in Venezuela](https://www.oilandgasadvancement.com/news/repsol-makes-re-entry-to-boost-oil-production-in-venezuela/) - Repsol returns to increase oil production in Venezuela, aiming to raise output by 50% and triple volumes as global firms re-enter the country’s energy sector.
- [SEAP I Project FID Advances Petrobras Offshore Production](https://www.oilandgasadvancement.com/news/seap-i-project-fid-advances-petrobras-offshore-production/) - Petrobras approves SEAP I project FID in Sergipe-Alagoas Basin, advancing offshore production, boosting capacity and supporting Brazil’s energy growth strategy.
- [Enhanced Oil and Gas Recovery to Boost Norway’s Production](https://www.oilandgasadvancement.com/upstream/enhanced-oil-and-gas-recovery-to-boost-norways-production/) - Norwegian Offshore Directorate’s study highlights role of enhanced oil and gas recovery methods to access the resource potential of NCS and boost production.
- [TotalEnergies Makes Moho License Discovery Offshore Congo](https://www.oilandgasadvancement.com/news/totalenergies-makes-moho-license-discovery-offshore-congo/) - The fresh Moho license discovery by TotalEnergies boosts Congo oil outlook, unlocking new reserves and supporting production growth toward 500,000 bpd target.
- [Indonesia, Russia Discuss Strengthening Energy Cooperation](https://www.oilandgasadvancement.com/news/indonesia-russia-discuss-strengthening-energy-cooperation/) - Indonesia expands energy cooperation with Russia to secure supplies, diversify imports and maintain stability amid global disruptions and Middle East tensions.
- [Surplus Tubular Supply Accelerates First Oil Delivery](https://www.oilandgasadvancement.com/upstream/surplus-tubular-supply-accelerates-first-oil-delivery/) - Surplus tubular supply accelerates first oil delivery by reducing lead times, improving logistics efficiency and enabling faster upstream project execution.
- [Streamlined Tubular Supply Reduces Drilling Delays](https://www.oilandgasadvancement.com/upstream/streamlined-tubular-supply-reduces-drilling-delays/) - Streamlined tubular supply reduces drilling delays by optimizing procurement, improving logistics coordination and supporting efficient upstream workflows.
- [Efficient Tubular Supply Drives Faster Project Startups](https://www.oilandgasadvancement.com/upstream/efficient-tubular-supply-drives-faster-project-startups/) - Efficient tubular supply drives faster project startups by ensuring timely material flow, reducing bottlenecks and enhancing upstream operational readiness.
- [Surplus Inventory Strategies Reshape Oilfield Delivery](https://www.oilandgasadvancement.com/upstream/surplus-inventory-strategies-reshape-oilfield-delivery/) - Surplus inventory strategies reshape oilfield delivery by improving material availability, lowering delays and supporting faster project execution timelines.
- [Rapid Tubular Access Enhances Upstream Efficiency](https://www.oilandgasadvancement.com/upstream/rapid-tubular-access-enhances-upstream-efficiency/) - Rapid tubular access enhances upstream efficiency through faster procurement, streamlined logistics and reduced project downtime in oil and gas operations.
- [Optimized OCTG Supply Chains Boost First Oil Speed](https://www.oilandgasadvancement.com/upstream/optimized-octg-supply-chains-boost-first-oil-speed/) - Optimized OCTG supply chains boost first oil speed by enhancing inventory access, improving delivery cycles and supporting efficient upstream operations.
- [Faster Tubular Logistics Transform Upstream Timelines](https://www.oilandgasadvancement.com/upstream/faster-tubular-logistics-transform-upstream-timelines/) - Faster tubular logistics transform upstream timelines by optimizing supply chains, reducing delays and supporting efficient drilling and production schedules.
- [ADNOC Eyes Shell's South African Retail Network Acquisition](https://www.oilandgasadvancement.com/news/adnoc-eyes-shells-south-african-retail-network-acquisition/) - ADNOC is in advanced talks to acquire Shell’s South African Retail Network, valued at some $ 1 Bn, marking a huge shift in the country’s oil distribution chain.
- [Chevron Expands Venezuela Presence Through Asset Swap Deal](https://www.oilandgasadvancement.com/news/chevron-expands-venezuela-presence-through-asset-swap-deal/) - Chevron advances Venezuela operations via asset swap, boosting crude output, restructuring assets, and strengthening partnership with PDVSA in Orinoco Belt.
- [Oman Launches Bidding for 5 Oil and Gas Exploration Blocks](https://www.oilandgasadvancement.com/news/oman-launches-bidding-for-5-oil-and-gas-exploration-blocks/) - Oman has launched bidding for five oil and gas exploration blocks to attract investment, boost upstream activity, and expand partnerships in the energy sector.
- [GAIL and Alpha Gas Deal to Make Energy Supply Chain Robust](https://www.oilandgasadvancement.com/news/gail-and-alpha-gas-deal-to-make-energy-supply-chain-robust/) - GAIL has entered into long-term charter party agreement with Alpha Gas to make the energy supply chain robust and also boost maritime infrastructure of India.
- [Importance of Pipeline Security in an Era of Cyber Threats](https://www.oilandgasadvancement.com/pipelines-transport/importance-of-pipeline-security-in-an-era-of-cyber-threats/) - Amid rising cyber threats, pipeline security and smart monitoring helps operators detect attacks faster, protect assets, and strengthen digital resilience.
- [Oilfield Electrification Leads Emission Cuts in Upstream Sector](https://www.oilandgasadvancement.com/upstream/oilfield-electrification-leads-emission-cuts-in-upstream-sector/) - Oilfield electrification is advancing as renewables cut emissions, lower diesel use, and help upstream operators build cleaner, more efficient production sites.
- [Eni’s Gas Discovery Offshore Egypt Boosts Regional Energy](https://www.oilandgasadvancement.com/news/enis-gas-discovery-offshore-egypt-boosts-regional-energy/) - Oil major Eni’s gas discovery offshore Egypt reveals 2 trillion cubic feet in Temsah field, offering relief amid rising import costs and supply disruptions.
- [Japan Agrees to More Oil Reserves Release Amid Supply Risks](https://www.oilandgasadvancement.com/news/japan-agrees-to-more-oil-reserves-release-amid-supply-risks/) - Japan has decided to tap oil reserves again to stabilise supply amid Middle East risks, boosting energy security as disruptions threaten crude oil imports.
- [Global Oil and Gas Pipes Market to Reach $81B Value by 2035](https://www.oilandgasadvancement.com/market-reports/global-oil-and-gas-pipes-market-to-reach-81b-value-by-2035/) - Global oil and gas pipes market is projected to reach USD 81.0 billion by 2035 driven by efficiency, scalability and government support to modernize operations.
- [Resurgence of Floating LNG Project Growth in Recent Years](https://www.oilandgasadvancement.com/upstream/resurgence-of-floating-lng-project-growth-in-recent-years/) - Global floating LNG project growth is speeding up as FLNG projects increase, driven by lower prices, flexible offshore gas monetization, and cleaner LNG supply.
- [Biofuels and SAF Drive Oil Majors into Low-Carbon Fuels](https://www.oilandgasadvancement.com/downstream/refining/biofuels-and-saf-drive-oil-majors-into-low-carbon-fuels/) - Biofuels and SAF drive oil majors into low-carbon fuels as refiners scale renewable fuel capacity and target rising aviation decarbonization demand globally.
- [EIA Maps Steady U.S. Natural Gas Production Growth by 2050](https://www.oilandgasadvancement.com/news/eia-maps-steady-u-s-natural-gas-production-growth-by-2050/) - EIA highlights sustained natural gas production growth in the U.S., driven by LNG exports and rising demand across power and global energy markets through 2050.
- [Libya Boosts Exploration with 3 New Oil and Gas Discoveries](https://www.oilandgasadvancement.com/news/libya-boosts-exploration-with-3-new-oil-and-gas-discoveries/) - Libya has announced new oil and gas discoveries across offshore and onshore basins, highlighting renewed exploration success and sustained upstream potential.
- [Offshore Drilling Revival Boosts Deepwater Energy Projects](https://www.oilandgasadvancement.com/projects/offshore-drilling-revival-boosts-deepwater-energy-projects/) - The global energy landscape is perpetually in flux, a complex tapestry woven with threads of technological innovation, geopolitical shifts, environmental imperatives, and unwavering demand. For a period, conventional wisdom suggested a steady decline for offshore drilling, particularly in the challenging and capital-intensive realm of deepwater projects. However, a nuanced and compelling narrative has emerged, signaling
- [Carbon Capture and Storage Advances to Commercial Scale](https://www.oilandgasadvancement.com/downstream/carbon-capture-and-storage-advances-to-commercial-scale/) - The escalating urgency of climate change has amplified the call for comprehensive and innovative solutions capable of tackling greenhouse gas emissions on a monumental scale. While renewable energy sources and energy efficiency measures are foundational to our decarbonization efforts, there remains a critical gap, particularly within heavy industrial sectors, where direct electrification or fuel switching
- [Aker BP Commences Symra Field Production Ahead of Schedule](https://www.oilandgasadvancement.com/news/aker-bp-commences-symra-field-production-ahead-of-schedule/) - Aker BP starts Symra field output ahead of schedule, boosting North Sea production and delivering value through subsea tie-back to Ivar Aasen and Edvard Grieg.
- [Somalia Advances First-Ever Offshore Oil Drilling Campaign](https://www.oilandgasadvancement.com/news/somalia-advances-first-ever-offshore-oil-drilling-campaign/) - Somalia is set to begin first offshore oil drilling with Turkish support, aiming to unlock reserves, boost economic recovery, and strengthen the energy sector.
- [OPEC+ Signals Oil Production Boost in May amid Market Review](https://www.oilandgasadvancement.com/news/opec-signals-oil-production-boost-in-may-amid-market-review/) - The eight OPEC+ members, namely Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman, convened virtually on 5th April 2026 to assess global oil market conditions and the near-term outlook. These countries, which had earlier introduced additional voluntary adjustments in April and November 2023, used the meeting to reaffirm their coordinated approach toward maintaining
- [Strait of Hormuz Disruption Drives Global Energy Price Shock](https://www.oilandgasadvancement.com/whitepapers/strait-of-hormuz-disruption-drives-global-energy-price-shock/) - Strait of Hormuz disruption triggers shipping collapse, oil and gas price spikes, and rising freight and insurance costs, impacting global trade and economies.
- [BP, ADNOC Advance Harmattan Gas Project in Egypt with FID](https://www.oilandgasadvancement.com/news/bp-adnoc-advance-harmattan-gas-project-in-egypt-with-fid/) - Harmattan gas project moves forward as BP-Adnoc JV Arcius Energy takes FID to expand Egypt’s offshore gas output and strengthen domestic energy demand growth.
- [Golden Pass Marks First LNG Production in New Texas Facility](https://www.oilandgasadvancement.com/news/golden-pass-marks-first-lng-production-in-new-texas-facility/) - Golden Pass achieves first LNG production in new Texas plant, marking a key step toward exports as global supply tightens due to disruptions in Qatar’s output.
- [Russian Oil Drives Asia Supply Shift Amid Global Fuel Crisis](https://www.oilandgasadvancement.com/news/russian-oil-drives-asia-supply-shift-amid-global-fuel-crisis/) - Russian oil demand rises throughout Asia as U.S. waivers ease imports, helping nations offset fuel shortages caused by Iran war and Strait of Hormuz disruption.
- [$23.6 Bn Deal Strengthens Indonesia-Japan Energy Partnership](https://www.oilandgasadvancement.com/news/23-6-bn-deal-strengthens-indonesia-japan-energy-partnership/) - Indonesia and Japan sign $23.6 Bn Deal which will strengthen energy cooperation, advancing gas projects, clean energy initiatives, and supply chain resilience.
- [Egypt, Cyprus Sign Pact to Boost Natural Gas Cooperation](https://www.oilandgasadvancement.com/news/egypt-cyprus-sign-pact-to-boost-natural-gas-cooperation/) - Natural gas cooperation between Egypt and Cyprus advanced with the signing of a new agreement at EGYPES 2026, bolstering energy ties and regional partnership.
- [Técnicas Reunidas to Advance Coastal Gaslink Pipeline Work](https://www.oilandgasadvancement.com/news/tecnicas-reunidas-to-advance-coastal-gaslink-pipeline-work/) - Coastal GasLink Phase 2 advances as LNG Canada awards FEED contract to TR Canada E&C, boosting expansion plans to double pipeline capacity in British Columbia.
- [Oil and Gas Projects Market to Have Robust Growth by 2035](https://www.oilandgasadvancement.com/market-reports/oil-and-gas-projects-market-to-have-robust-growth-by-2035/) - The oil and gas projects market outlook from 2025 to 2035 shows strong growth reaching a valuation of $1341.93 Bn, driven by rise in energy use and technology.
- [Russian Oil Shipment Reaches Cuba Amid Easing U.S. Blockade](https://www.oilandgasadvancement.com/news/russian-oil-shipment-reaches-cuba-amid-easing-u-s-blockade/) - Russian oil shipment arrived in Cuba as U.S. President Donald Trump signals easing of blockade, giving short-term relief to the island’s rampant energy crisis.
- [Libya, Chevron Sign MoU for Block NC146 Offshore Oil Study](https://www.oilandgasadvancement.com/news/libya-chevron-sign-mou-for-block-nc146-offshore-oil-study/) - Libya’s NOC has agreed to partner up with Chevron to explore Block NC146 for offshore oil study, signaling renewed energy investment and exploration activity.
- [Mubadala Energy Wins Southwest Andaman Exploration Block](https://www.oilandgasadvancement.com/news/mubadala-energy-wins-southwest-andaman-exploration-block/) - Mubadala Energy secures Southwest Andaman Exploration Block contract, expanding its Andaman basin portfolio and supporting Indonesia’s energy security goals.
- [Sakaide LNG Taps Kawasaki, JFE for Japanese LNG Project](https://www.oilandgasadvancement.com/news/sakaide-lng-taps-kawasaki-jfe-for-japanese-lng-project/) - Japanese LNG project awarded to Kawasaki Heavy Industries and JFE Engineering to expand Sakaide LNG terminal and support Japan’s future energy transition goals.
- [Equinor Begins Drilling at Brazil’s $9 Bn Raia Gas Project](https://www.oilandgasadvancement.com/news/equinor-begins-drilling-at-brazils-9-bn-raia-gas-project/) - Equinor advances the Raia gas project with drilling in Brazil’s Campos Basin, with $9B investment, targeting 2028 start-up and major natural gas output growth.
- [Philippines Activates $333 Million Emergency Fund for Fuel](https://www.oilandgasadvancement.com/news/philippines-activates-333-million-emergency-fund-for-fuel/) - Philippines deploys $333 million emergency fund to strengthen fuel security, stabilize supply, and counter global oil market volatility and supply disruptions.
- [Venture Global Signs 5-Year LNG Supply Agreement with Vitol](https://www.oilandgasadvancement.com/news/venture-global-signs-5-year-lng-supply-agreement-with-vitol/) - Venture Global and Vitol sign LNG supply agreement for 1.5 MTPA over five years from 2026, highlighting growing demand for flexible LNG contracts globally.
- [Spain Boosts Gas Imports from Algeria Amid Market Turmoil](https://www.oilandgasadvancement.com/news/spain-boosts-gas-imports-from-algeria-amid-market-turmoil/) - Algeria is set to increase gas imports to Spain via the Medgaz pipeline as war in Iran disrupts markets, strengthening energy ties and ensuring stable supply.
- [Venezuela Oil Output Hits 1.1 Million Bpd Milestone in March](https://www.oilandgasadvancement.com/news/venezuela-oil-output-hits-1-1-million-bpd-milestone-in-march/) - Venezuela boosts crude production to 1.1 million bpd as sanctions ease, reforms attract investment, and oil majors like Chevron and Shell explore opportunities.
- [Global Liquefied Natural Gas Market Slated to Grow Steadily](https://www.oilandgasadvancement.com/market-reports/global-liquefied-natural-gas-market-slated-to-grow-steadily/) - The Liquefied Natural Gas Market will witness a steady growth between 2025 to 2035, with a 6.64% CAGR, reaching $581.82B in 2035, driven by climate policies.
- [EU Pushes Early Gas Storage Amid Global Supply Uncertainty](https://www.oilandgasadvancement.com/news/eu-pushes-early-gas-storage-amid-global-supply-uncertainty/) - EU urges early gas storage to prevent supply shocks and price spikes, as disruptions and geopolitical tensions continue to impact LNG flow and energy security.
- [OEUK Urges North Sea Drilling Boost Amid Global Energy Risk](https://www.oilandgasadvancement.com/news/oeuk-urges-north-sea-drilling-boost-amid-global-energy-risk/) - North Sea drilling debate intensifies as UK faces rising energy risks, with OEUK urging policy changes in industry to boost domestic oil and gas production.
- [Indonesia Expands Energy Infrastructure to Boost Security](https://www.oilandgasadvancement.com/news/indonesia-expands-energy-infrastructure-to-boost-security/) - Indonesia accelerates energy infrastructure projects, boosting oil and gas output, attracting foreign investment, and expanding energy security nationwide.
- [Petrobras Confirms Major Colombia Offshore Gas Discovery](https://www.oilandgasadvancement.com/news/petrobras-confirms-major-colombia-offshore-gas-discovery/) - Petrobras confirms Colombia offshore gas discovery at Copoazu-1 well, boosting gas potential in Block GUA-OFF-O and strengthening regional energy security.
- [Equinor Makes New Arctic Norway Oil Discovery in Barents Sea](https://www.oilandgasadvancement.com/news/equinor-makes-new-arctic-norway-oil-discovery-in-barents-sea/) - Equinor has reported Arctic Norway oil discovery in the Barents Sea, with 14 to 24 million barrels estimated, supporting Johan Castberg field development plans.
- [Indonesia Boosts Offshore Energy with Eni Deepwater Gas FIDs](https://www.oilandgasadvancement.com/news/indonesia-boosts-offshore-energy-with-eni-deepwater-gas-fids/) - Eni advances Indonesia\'s offshore energy sector and domestic energy supply with two deepwater gas FIDS in East Kalimantan, targeting a production start by 2028.
- [U.S. Eases Venezuela Oil Sanctions to Boost Global Supply](https://www.oilandgasadvancement.com/news/u-s-eases-venezuela-oil-sanctions-to-boost-global-supply/) - Venezuela oil sanctions eased as U.S. allows PDVSA oil sales, aiming to boost supply and stabilize markets amid Iran war disruptions and rising fuel prices.
- [Idemitsu Makes LNG Industry Entry with $500M MidOcean Deal](https://www.oilandgasadvancement.com/news/idemitsu-makes-lng-industry-entry-with-500m-midocean-deal/) - Idemitsu Kosan advances LNG industry entry with $500M MidOcean Energy investment, strengthening global LNG market presence and long-term market growth strategy.
- [Eni Expands Portfolio with Gas Discoveries Offshore Libya](https://www.oilandgasadvancement.com/news/eni-expands-portfolio-with-gas-discoveries-offshore-libya/) - Eni reports major gas discoveries offshore Libya, with over 1 tcf found, boosting its supply potential and strengthening links to domestic and export markets.
- [Greece Seeks Key European Gas Hub Role Amid Russia Phase-Out](https://www.oilandgasadvancement.com/news/greece-seeks-key-european-gas-hub-role-amid-russia-phase-out/) - Greece strengthens its role as a European gas hub amid Russian energy phase-out with LNG growth, new infrastructure, and regional energy links across Europe.
- [The ROI of Scaling Safety Technology Across Operations](https://www.oilandgasadvancement.com/news/the-roi-of-scaling-safety-technology-across-operations/) - Learn how scaling safety technology boosts ROI by reducing accidents, cutting costs, and improving productivity across industrial operations.
- [Venture Global Advances CP2 LNG Phase 2 with $8.6B Funding](https://www.oilandgasadvancement.com/news/venture-global-advances-cp2-lng-phase-2-with-8-6b-funding/) - Venture Global secures $8.6 billion funding for CP2 LNG Phase 2, a major milestone for the company’s third LNG export project in Louisiana, and export goals.
- [Oil Jumps Past USD100 Per Barrel Again as Iran Crisis Drags](https://www.oilandgasadvancement.com/news/oil-jumps-past-usd100-per-barrel-again-as-iran-crisis-drags/) - Oil markets rallied past USD100 per barrel as the Strait of Hormuz disruption continued with global leaders seeking solutions to restore usual tanker traffic.
- [Equinor Signs Two-year Bio-Methanol Agreement with Wallenius](https://www.oilandgasadvancement.com/news/equinor-signs-two-year-bio-methanol-agreement-with-wallenius/) - Equinor enters two-year bio-methanol agreement with Wallenius Wilhelmsen to supply bunker fuel for its dual-fuel vessels, supporting lower-emission shipping.
- [Australia Moves to Boost Fuel Supply Amid Iran War Risk](https://www.oilandgasadvancement.com/news/australia-moves-to-boost-fuel-supply-amid-iran-war-risk/) - Australia takes steps to boost fuel supply by releasing reserves and easing standards as the Iran war disrupts markets and raises concerns about shortages.
- [Nigeria Urges Investment from Oil Producers to Ensure Supply](https://www.oilandgasadvancement.com/news/nigeria-urges-investment-from-oil-producers-to-ensure-supply/) - Nigeria urges Gulf states to increase investment from oil producers in its energy sector as Middle East tensions disrupt shipments and threaten global supply.
- [U.S. Waiver Opens Market for 19 Million Russian Barrels](https://www.oilandgasadvancement.com/news/u-s-waiver-opens-market-for-19-million-russian-barrels/) - A U.S. waiver allows buyers to purchase 19 million Russian barrels of oil already at sea as tankers wait in Asian waters amid supply cuts due to the Iran war.
- [U.S. Hit Record Natural Gas Production in 2025, says EIA](https://www.oilandgasadvancement.com/news/u-s-hit-record-natural-gas-production-in-2025-says-eia/) - The United States reports record natural gas production in 2025 as output rises across Appalachia, Permian and Haynesville regions amid higher Henry Hub prices.
- [Seatrium Achieves First Gas Injection for Petrobras P-78](https://www.oilandgasadvancement.com/news/seatrium-achieves-first-gas-injection-for-petrobras-p-78/) - Seatrium reaches First Gas Injection milestone for Petrobras P-78 FPSO in Brazil’s Búzios field, strengthening offshore production and operational readiness.
- [TotalEnergies Begins Production at Lapa Southwest Project](https://www.oilandgasadvancement.com/news/totalenergies-begins-production-at-lapa-southwest-project/) - TotalEnergies has begun production at Brazil’s Lapa Southwest project, upping output in the Santos basin and expanding its exploration and production portfolio.
- [U.S. Issues 30-day Sanctions Waiver for Russian Oil at Sea](https://www.oilandgasadvancement.com/news/u-s-issues-30-day-sanctions-waiver-for-russian-oil-at-sea/) - The U.S. has issued a 30-day sanctions waiver allowing countries to purchase Russian oil stranded at sea in a bid to stabilize markets amid the Iran conflict.
- [China Imposes Ban on March Fuel Exports Amid Oil Disruption](https://www.oilandgasadvancement.com/news/china-imposes-ban-on-march-fuel-exports-amid-oil-disruption/) - China has enforced a ban on March fuel exports covering gasoline, diesel and aviation fuel as it tries to prevent domestic shortages due to the Iran conflict.
- [U.S. to Release 172 Million Barrels of Oil to Calm Market](https://www.oilandgasadvancement.com/news/u-s-to-release-172-million-barrels-of-oil-to-calm-market/) - The U.S. will release 172 million barrels from the Strategic Petroleum Reserve as the Iran war disrupts global oil markets and strains energy supply chains.
- [IEA Announces Largest Oil Stock Release Amid Mideast War](https://www.oilandgasadvancement.com/news/iea-announces-largest-oil-stock-release-amid-mideast-war/) - IEA has approved the largest oil stock release, making 400 million barrels available to stabilize markets after disruptions caused by the Middle East conflict.
- [OMV Petrom Joins Black Sea Exploration Project Consortium](https://www.oilandgasadvancement.com/news/omv-petrom-joins-black-sea-exploration-project-consortium/) - OMV Petrom joins Shell, TPAO in the Black Sea Exploration Project at the Han Tervel offshore block, expanding regional exploration in the Bulgarian Black Sea.
- [INA Completes Rijeka Refinery Upgrade Project to Up Output](https://www.oilandgasadvancement.com/news/ina-completes-rijeka-refinery-upgrade-project-to-up-output/) - INA finalized the Rijeka Refinery upgrade project, boosting diesel output, expanding crude processing capacity, and advancing Croatia’s refinery modernization.
- [Woodside Energy Launches Trion Drilling Campaign with PEMEX](https://www.oilandgasadvancement.com/news/woodside-energy-launches-trion-drilling-campaign-with-pemex/) - Woodside and PEMEX jointly begin the Trion drilling campaign at the Trion Field in the Gulf of Mexico, marking a major step toward Mexico’s offshore production.
- [ZPMC Launches Next-gen Deepwater Offshore Engineering Vessel](https://www.oilandgasadvancement.com/news/zpmc-launches-next-gen-deepwater-offshore-engineering-vessel/) - ZPMC launches a next-generation deepwater offshore engineering vessel for China’s CNOOC to support various dynamic offshore and subsea engineering operations.
- [Equinor Reports Two New Discoveries in The North Sea Fields](https://www.oilandgasadvancement.com/news/equinor-reports-two-new-discoveries-in-the-north-sea-fields/) - Equinor announced two new discoveries in the North Sea within the Troll area and Sleipner area, strengthening offshore exploration and export infrastructure.
- [Santos to Up Efficiency with Moomba Central Optimization](https://www.oilandgasadvancement.com/news/santos-to-up-efficiency-with-moomba-central-optimization/) - Santos and Beach Energy approve a $357 million Moomba Central optimization project in the Cooper Basin to modernize infrastructure and unlock production growth.
- [U.S. Undiscovered Offshore Reserves Hold a Century Of Supply](https://www.oilandgasadvancement.com/news/u-s-undiscovered-offshore-reserves-hold-a-century-of-supply/) - BOEM estimates U.S. undiscovered offshore reserves on the OCS, holding 65.80 billion barrels of oil and 218.43 trillion cubic feet of natural gas potential.
- [Oil Dips Amid Hopes of De-escalation in the Middle East](https://www.oilandgasadvancement.com/news/oil-dips-amid-hopes-of-de-escalation-in-the-middle-east/) - Oil prices fell sharply as recent hopes for de-escalation in the Middle East eased fears of supply disruptions following the rally of oil prices to 2022 levels.
- [Egypt Adds Gas Wells in Mediterranean Sea and Western Desert](https://www.oilandgasadvancement.com/news/egypt-adds-gas-wells-in-mediterranean-sea-and-western-desert/) - Egypt expands gas output as new wells in the Mediterranean Sea and Western Desert boost production, increase reserves to aid national energy security efforts.
- [Eni, Nigeria Split OPL 245 Oil Block Into Deepwater Licenses](https://www.oilandgasadvancement.com/news/eni-nigeria-split-opl-245-oil-block-into-deepwater-licenses/) - Nigeria and Eni advance development plans linked to the OPL 245 oil block after settlement agreement and license conversion enabling new offshore projects.
- [U.S. Launches $20 Bn Reinsurance Program for Gulf Shipping](https://www.oilandgasadvancement.com/news/u-s-launches-20-bn-reinsurance-program-for-gulf-shipping/) - The U.S. introduces a $20 bn reinsurance program to support shipping in the Strait of Hormuz, offering war risk coverage to ships amid rising regional tensions.
- [Oil Settles Higher Due to Disruption to Global Oil Supplies](https://www.oilandgasadvancement.com/news/oil-settles-higher-due-to-disruption-to-global-oil-supplies/) - Due to disruption to global oil supplies, oil prices have surged much faster with Brent crude settling at $85.41 per barrel which is highest since July 2024.
- [Shell, Kazakhstan Sign Oil and Gas Exploration Agreement](https://www.oilandgasadvancement.com/news/shell-kazakhstan-sign-oil-and-gas-exploration-agreement/) - Shell signs agreement with Kazakhstan for an oil and gas exploration at the Zhanaturmys block, focusing on seismic studies and resource evaluation through 2032.
- [Transnistria First to Experience European Gas Supply Crunch](https://www.oilandgasadvancement.com/news/transnistria-first-to-experience-european-gas-supply-crunch/) - First signs of European gas supply crunch felt in Moldova’s Transnistria amid Qatar’s LNG flow disruption, indicating Europe’s reliance on Middle East imports.
- [Qatar LNG Export Halt Could Lift Western Energy Firm Profits](https://www.oilandgasadvancement.com/news/qatar-lng-export-halt-could-lift-western-energy-firm-profits/) - As Qatar halts LNG exports, the skyrocketing oil and gas prices will only boost major Western energy firm profits, amid supply crunch across Europe and Asia.
- [EU Confirms Stable Oil Supply Amid Middle East Disruptions](https://www.oilandgasadvancement.com/news/eu-confirms-stable-oil-supply-amid-middle-east-disruptions/) - EU has assured its member states of stable oil supply and gas security after Middle East disruptions, with high stocks and no immediate risk to energy security.
- [Canada, Equinor Sign Deal to Advance Bay du Nord Project](https://www.oilandgasadvancement.com/news/canada-equinor-sign-deal-to-advance-bay-du-nord-project/) - Bay du Nord moves ahead after Canada’s Newfoundland and Labrador province reached an agreement with Equinor ASA, targeting 2027 sanction and first oil in 2031.
- [Shell Fourchon Resiliency Project Advances in Louisiana](https://www.oilandgasadvancement.com/news/shell-fourchon-resiliency-project-advances-in-louisiana/) - Shell Fourchon Resiliency Project moves toward 2026 completion with module transport underway to employ nature-based resilience strategies at Port Fourchon.
- [North Sea Port Sets Refueling of Alternative Shipping Fuels](https://www.oilandgasadvancement.com/news/north-sea-port-sets-refueling-of-alternative-shipping-fuels/) - North Sea Port is preparing itself for refueling of alternative shipping fuels as an independent risk assessment has demonstrated it to meet all conditions.
- [Egypt Takes Energy Security Measures Amid Middle East Clash](https://www.oilandgasadvancement.com/news/egypt-takes-energy-security-measures-amid-middle-east-clash/) - Prime Minister Mostafa Madbouly reviewed Egypt’s energy security measures to ensure the country’s strong domestic supply amid escalating Middle East tensions.
- [Strait of Hormuz Closure Sends Global Oil Prices Flying High](https://www.oilandgasadvancement.com/news/strait-of-hormuz-closure-sends-global-oil-prices-flying-high/) - The Strait of Hormuz closure following the US-Israeli attack has caused global distribution disruptions and driven oil price surge, causing global concerns.
- [OQ FEED Tender Launched for Oman’s Saih Nihayda NGL Project](https://www.oilandgasadvancement.com/news/oq-feed-tender-launched-for-omans-saih-nihayda-ngl-project/) - OQ FEED Tender launched for Saih Nihayda NGL extraction plant, linking Duqm infrastructure and Oman Petrochemicals Complex and strengthening Oman’s gas sector.
- [INNIO to Acquire Enerflex APAC Aftermarket Business Ops](https://www.oilandgasadvancement.com/news/innio-to-acquire-enerflex-apac-aftermarket-business-ops/) - INNIO Group has signed definite agreement to acquire Enerflex APAC aftermarket business and hence strengthen presence, elevate its proximity towards customers.
- [Major Milestones Achieved In Aramco Gas Expansion Plans](https://www.oilandgasadvancement.com/news/major-milestones-achieved-in-aramco-gas-expansion-plans/) - Aramco gas expansion program gains pace with Jafurah output and Tanajib Gas Plant start-up, targeting 80% increase in gas output by 2030 to boost cash flows.
- [EU Explores 22tn Cubic Feet Potential of Barents Sea Gas](https://www.oilandgasadvancement.com/news/eu-explores-22tn-cubic-feet-potential-of-barents-sea-gas/) - A reshuffle of the EU Arctic policy could support Barents Sea Gas in the 2030s, aiding Norway supply, and decide the future of Europe’s global LNG reliance.
- [OceanSTAR Confirms Long-Term Contract with PETRONAS Carigali](https://www.oilandgasadvancement.com/news/oceanstar-confirms-long-term-contract-with-petronas-carigali/) - OceanSTAR has got into long-term contract with PETRONAS Carigali on lease, operation, and maintenance of a Floating Production Storage and Offloading Unit.
- [TotalEnergies to Buy LNG from Proposed Alaska LNG Facility](https://www.oilandgasadvancement.com/news/totalenergies-to-buy-lng-from-proposed-alaska-lng-facility/) - TotalEnergies has signed a 20-year deal with Glenfarne which confirms that it will buy 2 million tons of LNG per year from the proposed Alaska LNG facility.
- [QatarEnergy Awards EPC Contract for North Field West Project](https://www.oilandgasadvancement.com/news/qatarenergy-awards-epc-contract-for-north-field-west-project/) - QatarEnergy awards EPC deal for North Field West project, adding 16 MTPA LNG capacity and increasing the State of Qatar\'s LNG production capacity to 142 MTPA.
- [OPEC+ Looks Raising Oil Output By 137,000 bpd for April 2026](https://www.oilandgasadvancement.com/news/opec-looks-raising-oil-output-by-137000-bpd-for-april-2026/) - OPEC+ is looking forward to raising oil output by 137,000 bpd for April 2026 to address peak summer demand in addition to price boost as US-Iran tensions soar.
- [Eni to Invest in Biorefinery in Sannazzaro de’ Burgondi](https://www.oilandgasadvancement.com/news/eni-to-invest-in-biorefinery-in-sannazzaro-de-burgondi/) - Eni has made announcement to invest in biorefinery in Sannazzaro de’ Burgondi thereby taking a major step forward to develop the biofuel production capacity.
- [Shell, METLEN Seal Landmark LNG Supply and Trade Agreement](https://www.oilandgasadvancement.com/news/shell-metlen-seal-landmark-lng-supply-and-trade-agreement/) - Shell and METLEN have signed a landmark agreement for LNG supply and trade agreement for the period of 2027–2031, strengthening Greece’s role as an energy hub.
- [Energinet Partners with Worley on Danish Hydrogen Backbone 1](https://www.oilandgasadvancement.com/news/energinet-partners-with-worley-on-danish-hydrogen-backbone-1/) - Energinet has entered into a 5-year collaboration with Worley for Danish Hydrogen Backbone 1 development to offer flexibility in implementation of the project.
- [Mozambique Rovuma Venture Awards Deal to Technip, Partners](https://www.oilandgasadvancement.com/news/mozambique-rovuma-venture-awards-deal-to-technip-partners/) - Technip Energies with JGC, Samsung Heavy Ind. have been granted contract by Mozambique Rovuma Venture for Coral Norte floating liquefied natural gas project.
- [KBR To Provide Integrated Field Management Services in Iraq](https://www.oilandgasadvancement.com/news/kbr-to-provide-integrated-field-management-services-in-iraq/) - Basra Oil Company has granted contract to KBR to offer Integrated Field Management Services - IFMS at the Majnoon Oil Field located in Southern Iraq.
- [Saipem Adds Innovation to Ultra-Deepwater Drillship](https://www.oilandgasadvancement.com/news/saipem-adds-innovation-to-ultra-deepwater-drillship/) - Saipem has come up with advanced predictive maintenance system for Saipem 12000, its ultra-deepwater drillship to enhance efficiency & boost offshore safety.
- [Ultralight Crude Oil Cargoes from Jafurah Sold to US, India](https://www.oilandgasadvancement.com/news/ultralight-crude-oil-cargoes-from-jafurah-sold-to-us-india/) - Saudi Aramco through its Jafurah gas plant has begun selling several cargoes of the ultralight crude oil to the US refiners and also to one in India.
- [Indonesia Commits to Buying $15 Billion of US Energy](https://www.oilandgasadvancement.com/news/indonesia-commits-to-buying-15-billion-of-us-energy/) - Under the new reciprocal trade agreement, Indonesia has committed to buying $15 billion of US energy thereby resulting in import cuts from its neighbors.
- [Santos Gas Supply Deal to Help Whyalla Steelworks Transform](https://www.oilandgasadvancement.com/news/santos-gas-supply-deal-to-help-whyalla-steelworks-transform/) - The recently signed Santos gas supply deal with South Australian Government for 10 years will help Whyalla Steelworks\' transformation into low-emission facility
- [Eni Makes Major Oil And Gas Discovery Offshore Ivory Coast](https://www.oilandgasadvancement.com/news/eni-makes-major-oil-and-gas-discovery-offshore-ivory-coast/) - Eni reports Calao South gas discovery in Ivory Coast’s Block CI-501, confirming up to 5.0 Trillion cubic feet gas and 450 million barrels condensate potential.
- [Stage 3 Growth of East Coast Gas Grid in Australia Announced](https://www.oilandgasadvancement.com/news/stage-3-growth-of-east-coast-gas-grid-in-australia-announced/) - APA group has announced progression on East Coast Gas Grid expansion plan in Australia which is likely to add 50% capacity to grid besides adding 25% already.
- [INEOS Awarded Grant of €300mn for Lavera Regeneration Plan](https://www.oilandgasadvancement.com/news/ineos-awarded-grant-of-e300mn-for-lavera-regeneration-plan/) - The French government has awarded a grant of €300mn to INEOS in order to support the Lavera regeneration plan and enhance its long-term competitiveness.
- [Western Traders to Supply Gasoline and Diesel to Libya](https://www.oilandgasadvancement.com/news/western-traders-to-supply-gasoline-and-diesel-to-libya/) - Major global oil firms - Vitol, Trafigura & TotalEnergies have won tenders to supply gasoline and diesel to Libya leading to big jolt to Russian fuel numbers.
- [Japan to Invest $36bn In US Oil & Gas as Part of Agreement](https://www.oilandgasadvancement.com/news/japan-to-invest-36bn-in-us-oil-gas-as-part-of-agreement/) - With Japan to invest $36bn in US Oil & Gas, critical minerals which is going to be first tranche of a $550bn commitment, the massive trade deal is now launched.
- [Subsea Processing Systems Transforming Reservoirs](https://www.oilandgasadvancement.com/projects/subsea-processing-systems-transforming-reservoirs/) - Subsea processing systems transform reservoirs by boosting recovery, reducing topside loads and enabling longer tieback distances for offshore development.
- [Electrification of Offshore Platforms at Industrial Scale](https://www.oilandgasadvancement.com/upstream/electrification-of-offshore-platforms-at-industrial-scale/) - Electrification of offshore platforms at industrial scale cuts emissions by integrating shore power, renewables and efficient systems for cleaner operations.
- [Offshore Workforce Safety and Competency Standards](https://www.oilandgasadvancement.com/upstream/offshore-workforce-safety-and-competency-standards/) - Offshore workforce safety and competency standards enhance operational performance through advanced training programs and digital safety management systems.
- [Regional Offshore Licensing and Policy Framework Trends](https://www.oilandgasadvancement.com/upstream/regional-offshore-licensing-and-policy-framework-trends/) - Regional offshore licensing and policy frameworks influence upstream investment through fiscal terms, production-sharing models and evolving regulatory reforms.
- [Offshore Pipeline Integrity and Flow Assurance Trends](https://www.oilandgasadvancement.com/upstream/offshore-pipeline-integrity-and-flow-assurance-trends/) - Offshore pipeline integrity and flow assurance enhance reliability through corrosion monitoring, advanced inspection systems and hydrate control strategies.
- [Modular Offshore Facilities Reducing Project Costs](https://www.oilandgasadvancement.com/upstream/modular-offshore-facilities-reducing-project-costs/) - Modular offshore facilities reduce project costs through prefabrication, faster installation schedules and streamlined offshore construction strategies.
- [Offshore Well Intervention Technologies Driving Efficiency](https://www.oilandgasadvancement.com/upstream/offshore-well-intervention-technologies-driving-efficiency/) - Offshore well intervention technologies are advancing with lightweight systems, riserless methods and improved cost efficiency in mature oil and gas fields.
- [Integrated Offshore Data Platforms Enhancing Decisions](https://www.oilandgasadvancement.com/upstream/integrated-offshore-data-platforms-enhancing-decisions/) - Integrated offshore data platforms enhance decision-making by unifying operational data, reservoir insights and predictive analytics for optimized performance.
- [Offshore Carbon Capture Storage Project Deployment](https://www.oilandgasadvancement.com/upstream/offshore-carbon-capture-storage-project-deployment/) - Offshore carbon capture and storage deployment accelerates emissions reduction through subsea injection systems and secure long-term reservoir storage.
- [Advanced Marine Logistics Supporting Offshore Platforms](https://www.oilandgasadvancement.com/pipelines-transport/advanced-marine-logistics-supporting-offshore-platforms/) - Advanced marine logistics for offshore platforms enhance vessel coordination, optimize cargo handling efficiency, and strengthen offshore supply reliability.
- [Azerbaijan-Serbia Relations Eye Long-Term Oil & Energy Bond](https://www.oilandgasadvancement.com/news/azerbaijan-serbia-relations-eye-long-term-oil-energy-bond/) - Azerbaijan-Serbia relations are paving the way for long-term energy investment in addition to gas exports along with renewable energy cooperation.
- [500mn Barrels of Oil Offshore Angola Discovered, says Eni](https://www.oilandgasadvancement.com/news/500mn-barrels-of-oil-offshore-angola-discovered-says-eni/) - Eni has confirmed a major discovery of 500mn barrels of oil offshore Angola and with it has gone on to highlight the value of infrastructure-led exploration.
- [Portable Power Stations for Industrial & Energy Sites: Powering Operations Anywhere](https://www.oilandgasadvancement.com/news/portable-power-stations-for-industrial-energy-sites-powering-operations-anywhere/) - Discover how portable power stations deliver clean, reliable energy for industrial and energy sites, boosting efficiency and sustainability.
- [TPAO From Türkiye and BP Join Hands on Oil & Natural Gas](https://www.oilandgasadvancement.com/news/tpao-from-turkiye-and-bp-join-hands-on-oil-natural-gas/) - TPAO from Türkiye & BP have come together for oil & natural gas development in Kirkuk fields in Iraq and probable cooperation in Libya, Kazakhstan, Azerbaijan.
- [Greek Joint Venture Seeks 20-Year US LNG Deal for Europe](https://www.oilandgasadvancement.com/news/greek-joint-venture-seeks-20-year-us-lng-deal-for-europe/) - The Greek joint venture seeks 20-year US LNG deal for Europe covering 15 bcm a year to strengthen gas flows and reduce reliance on the Russian supply.
- [PETRONAS Confirms Concession Agreement with Oman Government](https://www.oilandgasadvancement.com/news/petronas-confirms-concession-agreement-with-oman-government/) - PETRONAS has gone ahead and signed a concession agreement with Oman government for exploration of oil and gas located in the Block 18 of the Sea of Oman.
- [Europe Shifts to Offshore Gas with Dutch-German N05-A](https://www.oilandgasadvancement.com/news/europe-shifts-to-offshore-gas-with-dutch-german-n05-a/) - Dutch-German N05-A gas development has let Europe to transition to offshore gas production and has met highest grade as per methane emissions standard by MiQ.
- [PETRONAS Launches MBR 2026 to Build Malaysia as Energy Hub](https://www.oilandgasadvancement.com/news/petronas-launches-mbr-2026-to-build-malaysia-as-energy-hub/) - In order to strengthen the position of Malaysia as a premium destination for energy investments, PETRONAS launches MBR 2026 with 9 exploration blocks.
- [Saudi-US Cos. to Join Hands to Revive Energy Sector of Syria](https://www.oilandgasadvancement.com/news/saudi-us-cos-to-join-hands-to-revive-energy-sector-of-syria/) - To resurrect the energy sector of Syria, Saudi Arabia and US based firms are likely to form consortium helping oil and gas exploration and energy production.
- [Blackjack au Lucky Treasure Casino : Guide Complet et Astuces pour Gagner Gros](https://www.oilandgasadvancement.com/uncategorized/blackjack-au-lucky-treasure-casino-guide-complet/) - Le Lucky Treasure Casino est l'un des casinos en ligne les plus populaires pour jouer au blackjack. Avec son ambiance électrisante et sa variété de tables de blackjack, les joueurs ont de nombreuses opportunités de gagner gros. Dans cet article, nous allons vous présenter les règles du blackjack, les stratégies avancées et les astuces pour
- [Regional Offshore Exploration Trends in Asia Pacific](https://www.oilandgasadvancement.com/upstream/regional-offshore-exploration-trends-in-asia-pacific/) - Discover regional offshore exploration trends in Asia Pacific highlight new discoveries, licensing activity, frontier basins and evolving exploration strategies
- [Offshore Project Execution Challenges and Solutions](https://www.oilandgasadvancement.com/projects/offshore-project-execution-challenges-and-solutions/) - Discover offshore project execution facing complex challenges including cost control, supply chain risks, safety performance and schedule optimization.
- [Gas Development Projects Expanding Offshore Supply](https://www.oilandgasadvancement.com/upstream/gas-development-projects-expanding-offshore-supply/) - Explore how gas development projects are expanding offshore supply by supporting cleaner energy demand, LNG feedstock growth and regional gas security.
- [Carbon Management Approaches in Offshore Operations](https://www.oilandgasadvancement.com/upstream/carbon-management-approaches-in-offshore-operations/) - Explore how carbon management approaches in offshore operations focus on emissions reduction, carbon capture integration and sustainable offshore production.
- [Offshore Drilling Innovations Improving Operational Safety](https://www.oilandgasadvancement.com/upstream/offshore-drilling-innovations-improving-operational-safety/) - Explore how offshore drilling innovations enhance operational safety through automation, real time monitoring, advanced drilling systems and risk reduction.
- [Floating Production Systems Shaping Offshore Projects](https://www.oilandgasadvancement.com/upstream/floating-production-systems-shaping-offshore-projects/) - Discover how floating production systems are shaping offshore projects by enabling deepwater development, flexible deployment and improved project economics.
- [Subsea Technology Advancements Driving Offshore Production](https://www.oilandgasadvancement.com/upstream/subsea-technology-advancements-driving-offshore-production/) - Discover subsea technology advancements transforming offshore production through smarter systems, enhanced reliability, digital monitoring and cost efficiency
- [Offshore Asset Integrity Management in Aging Fields](https://www.oilandgasadvancement.com/upstream/offshore-asset-integrity-management-in-aging-fields/) - explore how Offshore asset integrity management supports aging fields, improving safety, lifecycle performance and regulatory compliance across offshore assets.
- [Digital Transformation Reshaping Offshore Oil and Gas](https://www.oilandgasadvancement.com/upstream/digital-transformation-reshaping-offshore-oil-and-gas/) - Discover digital transformations reshaping offshore oil and gas operations using data analytics, automation, AI driven workflows and connected offshore assets.
- [Offshore Energy Transition Strategies in Asian Markets](https://www.oilandgasadvancement.com/upstream/offshore-energy-transition-strategies-in-asian-markets/) - Explore offshore energy transition strategies shaping Asian markets driven by low carbon development offshore electrification and cleaner oil and gas operations
- [Russian Electricity Imports to China Halted Amid High Prices](https://www.oilandgasadvancement.com/news/russian-electricity-imports-to-china-halted-amid-high-prices/) - China has halted Russian electricity imports from January 01, 2026, however, Russia is in negotiation with Beijing to restart its power supply to China.
- [Nigeria Falls Short of Producing Full OPEC+ Output Quota](https://www.oilandgasadvancement.com/news/nigeria-falls-short-of-producing-full-opec-output-quota/) - For the fifth consecutive month as of December 2025, Nigeria has fallen short of full OPEC+ output quota as crude oil production dropped to 1.422 million bpd.
- [Chevron, Quantum Eye Bid for Russian Oil Major Lukoil](https://www.oilandgasadvancement.com/news/chevron-quantum-eye-bid-for-russian-oil-major-lukoil/) - Chevron and Quantum Capital Group came together for a bid of almost $22bn for Russian oil major Lukoil to expand their global reach and add to their portfolio.
- [Vistra Boosts U.S. Generation Footprint with New Acquisition](https://www.oilandgasadvancement.com/news/vistra-boosts-u-s-generation-footprint-with-new-acquisition/) - Vistra Corp. has got into a deal to acquire Cogentrix Energy with a transaction valued at $4bn, and hence in a way majorly expand its U.S. generation footprint.
- [Two Offshore Contracts in Saudi Arabia of $600m Granted](https://www.oilandgasadvancement.com/news/two-offshore-contracts-in-saudi-arabia-of-600m-granted/) - Saipem has secured two offshore contracts in Saudi Arabia amounting to $600 million and intends to use construction vessels already operating in the region.
- [State-Owned Nigerian Energy Firm Begins Bidding Process](https://www.oilandgasadvancement.com/news/state-owned-nigerian-energy-firm-begins-bidding-process/) - To sell stakes in oil and gas assets, NNPC, the state-owned Nigerian energy firm, Nigerian National Petroleum Company Limited has introduced a bidding process.
- [First Oil by Chevron at its Offshore Platform in Angola](https://www.oilandgasadvancement.com/news/first-oil-by-chevron-at-its-offshore-platform-in-angola/) - Chevron has produced first oil at its South N’dola offshore platform in Angola which eradicates the requirement to distinct oil and gas processing units.
- [ConocoPhillips Australia Starts New Otway Basin Drilling](https://www.oilandgasadvancement.com/news/conocophillips-australia-starts-new-otway-basin-drilling/) - ConocoPhillips Australia starts drilling activities off Australia coast, Otway Basin, which witnessed a new discovery at the Essington-1 exploration well.
- [$273 Million EPC Contract Secured by PETROJET in Oman](https://www.oilandgasadvancement.com/news/273-million-epc-contract-secured-by-petrojet-in-oman/) - PETROJET from Egypt has been awarded a $273 million EPC contract so as to construct a 193-kilometer natural gas pipeline in Oman leading to energy cooperation.
- [Australia Plans on a Domestic Gas Reservation Scheme](https://www.oilandgasadvancement.com/news/australia-plans-on-a-domestic-gas-reservation-scheme/) - A potential domestic gas reservation scheme in which gas exporters will have to reserve 15% to 25% of gas production for the domestic market may be a reality.
- [New Oilfield in the Bohai Sea Discovered by CNOOC from China](https://www.oilandgasadvancement.com/news/new-oilfield-in-the-bohai-sea-discovered-by-cnooc-from-china/) - CNOOC which is top offshore crude oil and natural gas producer from China has explored new oilfield in the Bohai Sea within the shallow Neogene formations.
- [Petronas and CNOOC Strike a Liquefied Natural Gas Deal](https://www.oilandgasadvancement.com/news/petronas-and-cnooc-strike-a-liquefied-natural-gas-deal/) - Petronas and CNOOC have gone on to expand their current relationship by striking a liquefied natural gas deal which will support both China and Malaysia.
- [Natural Gas Price Forecast Tagging a 50-Day Average](https://www.oilandgasadvancement.com/market-reports/natural-gas-price-forecast-tagging-a-50-day-average/) - Natural gas which saw a decline to a new low of $4.07 on December 12, tags a 50-day average and has apparently breached the November figure of $4.09.
- [December Oil And Gas Revenues of Russia to Dip Almost 50%](https://www.oilandgasadvancement.com/market-reports/december-oil-and-gas-revenues-of-russia-to-dip-almost-50/) - Fall in oil prices, stronger Ruble are leading to Oil and gas revenues of Russia slipping to almost 50% in December 2025 as compared to exactly a year before.
- [West Texas Intermediate Crude Trades Below Due to Oversupply](https://www.oilandgasadvancement.com/market-reports/west-texas-intermediate-crude-trades-below-due-to-oversupply/) - With oversupply as well as traders unsure of the upcoming catalysts, West Texas Intermediate crude traded sharply below and settled at $57.60 per barrel.
- [Chevron Oil and Gas Investments Define 2026 Capital Strategy](https://www.oilandgasadvancement.com/news/chevron-oil-and-gas-investments-define-2026-capital-strategy/) - Chevron details substantial oil and gas investments in its 2026 capex plan, allocating $18–$19B in organic spend and additional affiliate capex for key project
- [Shell Card Business Flex™: Power Your Fleet Management Strategy](https://www.oilandgasadvancement.com/news/shell-card-business-flex-power-your-fleet-management-strategy/) - Save on fuel, cut fraud, and streamline fleet operations with Shell Fleet Card Business Flex™—future-ready management for fleets of all sizes
- [Oil Prices May Drop into the $30s Per Barrel By 2027](https://www.oilandgasadvancement.com/news/oil-prices-may-drop-into-the-30s-per-barrel-by-2027/) - JP Morgan says, oil prices may drop into the $30s Per Barrel by next year since there is an overwhelming market supply of oil from OPEC+ and non-OPEC producers.
- [State-Owned Saudi Oil Firm Aims Selling Range of Assets](https://www.oilandgasadvancement.com/news/state-owned-saudi-oil-firm-aims-selling-range-of-assets/) - Aramco, the state oil firm from Saudi Arabia aims selling range of assets in its oil export and storage terminals that could raise billions of dollars.
- [Major Cos. Qualify First Libyan Exploration Bid in 18 Years](https://www.oilandgasadvancement.com/news/major-cos-qualify-first-libyan-exploration-bid-in-18-years/) - Major oil and gas companies from U.S. and Europe have qualified for the first Libyan exploration bid in 18 Years with bids planned to open in February 2026.
- [Saudi Oil & Gas Giant, Aramco Announces Deals of Over $30b With US Cos.](https://www.oilandgasadvancement.com/news/saudi-oil-gas-giant-aramco-announces-deals-of-over-30b-with-us-cos/) - Saudi oil & gas giant, Aramco has signed 17 MoUs with major US companies including contracts with the US suppliers for a probable value of over $30b.
- [US second largest LNG exporter Venture Global plans expanding Plaquemines facility](https://www.oilandgasadvancement.com/news/us-second-largest-lng-exporter-venture-global-plans-expanding-plaquemines-facility/) - Venture Global has confirmed that it plans Plaquemines facility expansion so as to further add 30 million metric tons per annum of additional LNG capacity.
- [Dubai Based Engineering Firm Buys Scottish Oil & Gas Giant](https://www.oilandgasadvancement.com/news/dubai-based-engineering-firm-buys-scottish-oil-gas-giant/) - Dubai Based Engineering Firm Sidara, has bought Scotland based Wood plc for a much reduced £216m as the latter was facing the risk of a potential collapse.
- [Global LNG Supply Excess Could Shrink the Prices By 2026](https://www.oilandgasadvancement.com/news/global-lng-supply-excess-could-shrink-the-prices-by-2026/) - The Global LNG supply excess will speed up in the next couple of years with the prices shrinking as the markets get oversupplied and demand witnessing a dip.
- [The AI tools transforming safety in critical energy work](https://www.oilandgasadvancement.com/news/the-ai-tools-transforming-safety-in-critical-energy-work/) - Explore how AI safety tools help energy workers boost hazard detection, strengthen access control and use wearables and predictive maintenance to cut incidents.
- [With US$1.4bn Enbridge Broadens Access to US Refineries](https://www.oilandgasadvancement.com/news/with-us1-4bn-enbridge-broadens-access-to-us-refineries/) - As Enbridge, Canadian pipeline operator, broadens access to US refineries, heavy crude from oil Canada sands to U.S. Midwest and Gulf Coast would see a growth.
- [Russian Crude and Oil Product Exports Dip Further](https://www.oilandgasadvancement.com/news/russian-crude-and-oil-product-exports-dip-further/) - According to the IEA, Russian crude and oil product exports have dipped further in October 2025 to $13.1 billion down 2.3 billion from the same month in 2024.
- [New Gas Discovery in Egypt to Restore the Needed Growth](https://www.oilandgasadvancement.com/news/new-gas-discovery-in-egypt-to-restore-the-needed-growth/) - The new gas discovery in Egypt in the Badr-15 area of the Western Desert is expected to add almost 15 billion cubic feet of gas to the reserves of the country.
- [Bulgaria Looks to Prevent Shutdown of the Only Oil Refinery](https://www.oilandgasadvancement.com/news/bulgaria-looks-to-prevent-shutdown-of-the-only-oil-refinery/) - To prevent shutdown of the only oil refinery in Bulgaria, Sofia approved legal changes that give more authority to government-appointed manager of refinery.
- [Trump Exempts Hungary from Sanctions on Buying Russian Oil and Gas](https://www.oilandgasadvancement.com/news/trump-exempts-hungary-from-sanctions-on-buying-russian-oil-and-gas/) - The Trump administration has confirmed a one-year sanctions exemption for Hungary, which will also purchase a significant volume of U.S. natural gas in 2025
- [Japan Says: Difficult to Ban LNG Imports from Russia](https://www.oilandgasadvancement.com/news/japan-says-difficult-to-ban-lng-imports-from-russia/) - As Japan imports Russian oil from Sakhalin-2 project where Mitsui and Mitsubishi have minority stakes, it is difficult for them to ban LNG imports from Russia.
- [Ecopetrol-Petrobras Partner on Sirius Project in Colombia](https://www.oilandgasadvancement.com/news/ecopetrol-petrobras-partner-on-sirius-project-in-colombia/) - Ecopetrol from Columbia and Petrobras from Brazil have partnered to optimize sale and distribution of natural gas from offshore Sirius project in Colombia.
- [SM Energy and Civitas Resources Eye Merger Worth US$12.8bn](https://www.oilandgasadvancement.com/news/sm-energy-and-civitas-resources-eye-merger-worth-us12-8bn/) - SM Energy and Civitas Resources have announced that they will merge in a deal valued around US$12.8bn and shall be the largest independent U.S. oil producers.
- [Samsung C&T Awarded EPC Contract for CCS Project](https://www.oilandgasadvancement.com/news/samsung-ct-awarded-epc-contract-for-ccs-project/) - QatarEnergy has awarded the EPC contract for CCS project to Samsung C&T Corporation so as to serve the present QatarEnergy LNG production facilities.
- [EU Eyes Complete Withdrawal from Russian Oil and Gas Deals](https://www.oilandgasadvancement.com/news/eu-eyes-complete-withdrawal-from-russian-oil-and-gas-deals/) - The energy ministers from the EU are stepping up their position of a complete withdrawal from Russian oil and gas contracts barring a few exceptions.
- [Khor Mor Gas Field in Iraq to Increase Its Output by 50%](https://www.oilandgasadvancement.com/news/khor-mor-gas-field-in-iraq-to-increase-its-output-by-50/) - Khor Mor gas field in Iraq is all set to grow its output by 50% after Crescent Petroleum and Dana Gas delivered project 8 months ahead of schedule.
- [Oil and Gas Discovery in Orange Basin Offshore Namibia](https://www.oilandgasadvancement.com/news/oil-and-gas-discovery-in-orange-basin-offshore-namibia/) - Oil and gas discovery in Orange Basin located Offshore Namibia by BP is showing exceptional petrophysical properties with no observed water contact.
- [OPEC+ Stresses that Oil and Gas Needs More Investment](https://www.oilandgasadvancement.com/news/opec-stresses-that-oil-and-gas-needs-more-investment/) - As oil will continue to comprise of 30% of global energy mix by 2050 due to urbanization, population and growth, oil and gas needs more investment, says OPEC+.
- [OPEC+ Key to Long-Term Interests of Russia, Saudi Arabia](https://www.oilandgasadvancement.com/market-reports/opec-key-to-long-term-interests-of-russia-saudi-arabia/) - As per Alexander Novak, the Deputy Prime Minister of Russia, collective action within the OPEC+ is indeed in the long-term interests of Russia, Saudi Arabia.
- [Equinor Makes Fresh Case to Drill Rosebank Oil Field Project](https://www.oilandgasadvancement.com/news/equinor-makes-fresh-case-to-drill-rosebank-oil-field-project/) - The Norwegian oil giant, Equinor has once again resubmitted its application to drill Rosebank oil field project with a fresh environmental effect report.
- [Oil Giants Prefer Predictable Oil & Gas Supply from Norway](https://www.oilandgasadvancement.com/news/oil-giants-prefer-predictable-oil-gas-supply-from-norway/) - Predictable oil & gas supply from Norway has made it a preferred choice for the North Sea Oil giants who have shown their commitment for the country
- [$4bn Offshore Oil-And-Gas Project Launched in Qatar](https://www.oilandgasadvancement.com/news/4bn-offshore-oil-and-gas-project-launched-in-qatar/) - The BH EPIC offshore oil-and-gas project worth $4bn has been launched in Qatar making it the largest EPIC project manufacturing by a Chinese developer.
- [U.S. Puts Sanctions on the Petroleum Industry of Serbia](https://www.oilandgasadvancement.com/news/u-s-puts-sanctions-on-the-petroleum-industry-of-serbia/) - Due to the ties of Petroleum Industry of Serbia with Gazprom Neft, a Russian firm, the U.S. has put sanctions on it thereby leaving Serbia in a crisis.
- [27% Stake by QatarEnergy in North Cleopatra Offshore Egypt](https://www.oilandgasadvancement.com/news/27-stake-by-qatarenergy-in-north-cleopatra-offshore-egypt/) - Agreement that outlines 27% stake by QatarEnergy in North Cleopatra block which lies offshore Egypt is made but it is subject to approval by Egypt government.
- [Oil And Gas Permission Still on During US Shutdown](https://www.oilandgasadvancement.com/news/oil-and-gas-permission-still-on-during-us-shutdown/) - Oil and gas permission is maintaining the pace that is required amidst the US shutdown and are on track with 124 drilling permits issued already in 6 days.
- [QatarEnergy Buys Share in a Key Offshore Block of Shell](https://www.oilandgasadvancement.com/news/qatarenergy-buys-share-in-a-key-offshore-block-of-shell/) - QatarEnergy is going to acquire 27% participating interest in a key offshore block of Shell in Egypt thereby increasing its licensing interest in the country.
- [U.S. Crude Oil Exports Hit Highest Mark Since February 2024](https://www.oilandgasadvancement.com/news/u-s-crude-oil-exports-hit-highest-mark-since-february-2024/) - Rising procurement from Asia and Australia has led to U.S. crude oil exports hitting 4.2mn barrels per day in September 2025, highest in one and a half years.
- [Russia Indicates Natural Gas to China at Lower Prices](https://www.oilandgasadvancement.com/news/russia-indicates-natural-gas-to-china-at-lower-prices/) - As compared to Europe and Turkey, natural gas to China at lower prices from Russia looks like a done deal with reports reflecting 27% below what is offered.
- [U.S. Gulf Achieves First Oil Production Milestone](https://www.oilandgasadvancement.com/news/u-s-gulf-achieves-first-oil-production-milestone/) - LLOG Exploration and Repsol have officially confirmed the first oil production in the U.S. Gulf with a well from Leon beginning the hydrocarbon flows.
- [Tamboran to Acquire Falcon Oil & Gas in Australia](https://www.oilandgasadvancement.com/news/tamboran-to-acquire-falcon-oil-gas-in-australia/) - Tamboran to acquire Falcon Oil & Gas in Australia would mean that it becomes one of the largest acreage holders making its position in the area stronger.
- [TechnipFMC Gets Petrobras Subsea Production Systems Deal](https://www.oilandgasadvancement.com/news/technipfmc-gets-petrobras-subsea-production-systems-deal/) - The design, engineering as well as manufacturing subsea production systems contract has been awarded to TechnipFMC by Petrobras to be maintained in Brazil.
- [Chevron & Israel Team to Build Nitzana Natural Gas Pipeline](https://www.oilandgasadvancement.com/news/chevron-isreal-team-to-build-nitzana-natural-gas-pipeline/) - To transport natural gas from the Leviathan Gas Field to Egypt, Chevron and Israel Natural Gas Lines have come together to build Nitzana natural gas pipeline.
- [Global Oil And Gas Majors Push Frontier Exploration to Grow](https://www.oilandgasadvancement.com/news/global-oil-and-gas-majors-push-frontier-exploration-to-grow/) - Frontier exploration to grow has been one of the top agendas of global oil and gas majors so as to overcome the reserves that are witnessing a major shrink.
- [£830mn Gas Storage Project for Energy Security of the UK](https://www.oilandgasadvancement.com/news/830mn-gas-storage-project-for-energy-security-of-the-uk/) - To reduce the energy shortages and also face the volatile markets, £830 million gas storage project for energy security of the UK is being planned.
- [Sempra Approves $14bn on Phase 2 Port Arthur LNG Development](https://www.oilandgasadvancement.com/news/sempra-approves-14bn-on-phase-2-port-arthur-lng-development/) - Sempra has given a green light to $14bn for the phase two development of Port Arthur LNG which includes two new liquefaction trains and one LNG storage tank.
- [Oil-Related Tariffs on China May Stop unless Europe Acts](https://www.oilandgasadvancement.com/news/oil-related-tariffs-on-china-may-stop-unless-europe-acts/) - The U.S. Treasury Secretary said that its oil-related tariffs on China will halt unless European countries go first in imposing tariffs on the Chinese goods.
- [More Oil and Gas Projects Imperative, Says the IEA](https://www.oilandgasadvancement.com/news/more-oil-and-gas-projects-imperative-says-the-iea/) - The International Energy Agency – IEA said that as per its evaluation, output of oil and gas fields is declining and more Oil and Gas Projects are needed.
- [Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration](https://www.oilandgasadvancement.com/news/egypt-signs-3-deals-worth-over-121m-for-oil-and-gas-exploration/) - Egypt has signed three oil and gas exploration deals that amount to over $121m with a though to boosting its energy sector through new drilling opportunities.
- [QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project](https://www.oilandgasadvancement.com/news/qatarenergy-totalenergies-partner-13bn-worth-iraq-project/) - QatarEnergy, TotalEnergies have signed deal for $13bn worth Iraq project that comprises Artawi Phase 2 Project & construction of Common Seawater Supply Project.
- [McDermott Gets Key Contract for $25 Billion LNG Project](https://www.oilandgasadvancement.com/news/mcdermott-gets-key-contract-for-25-billion-lng-project/) - The US contractor, McDermott has won a major contract for $25 billion LNG project in the form of offering front end engineering and planning services.
- [Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security](https://www.oilandgasadvancement.com/news/turkiye-signs-15-bcm-lng-contracts-to-boost-energy-security/) - As Türkiye signs 15bn cubic meters LNG contracts for the 3 years, it goes on to show the growing influence of the country to diversify its energy sources.
- [U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon](https://www.oilandgasadvancement.com/news/u-s-wants-eu-to-halt-imports-of-russian-oil-and-gas-soon/) - As per the U.S. Energy Secretary, EU could very well halt imports of Russian oil and gas in the less than 12 months through replacing it with American LNG.
- [Energean Lands $4bn New Israeli Gas Offtake Contracts](https://www.oilandgasadvancement.com/news/energean-lands-4bn-new-israeli-gas-offtake-contracts/) - First half of 2025 has seen Energean, the Eastern Mediterranean-focused gas producer secure $4bn new Israeli gas offtake contracts as it seeks to expand.
- [Singapore-China Apply Cap on LNG Procurement and Trading](https://www.oilandgasadvancement.com/news/singapore-china-apply-cap-on-lng-procurement-and-trading/) - Abaxx Commodity Exchange from Singapore along with Zhonggong from China has entered into an LNG procurement and trading partnership for better avenues.
- [US To EU – For Sanctions Against Russia, Say No to Their Oil](https://www.oilandgasadvancement.com/news/us-to-eu-for-sanctions-against-russia-say-no-to-their-oil/) - Washington has outrightly told the EU that if they want the US to implement more sanctions against Russia, they must halt the imports of oil and gas.
- [Russia-China Power of Siberia 2 Pipeline Deal: A New Horizon](https://www.oilandgasadvancement.com/news/russia-china-power-of-siberia-2-pipeline-deal-a-new-horizon/) - Power of Siberia 2 pipeline deal which has been signed between Russia and China can prove to be a major disruptor in the energy buying spectrum of the world.
- [China Rolls Out 110-Megawatt Heavy-Duty Gas Turbine](https://www.oilandgasadvancement.com/news/china-rolls-out-110-megawatt-heavy-duty-gas-turbine/) - 110-megawatt heavy-duty gas turbine from China is ready for commercial delivery hence helping efforts of the country to reach carbon emissions objectives.
- [OPEC+ To Boost Oil Output in October Amid Market Push](https://www.oilandgasadvancement.com/news/opec-to-boost-oil-output-in-october-amid-market-push/) - With OPEC+ to boost oil output in October 2025, the eight key members of the group are looking out to recapture the market in terms of crude sales.
- [US Calls on Europe to Block Russian Oil, Gas for Tougher Sanctions](https://www.oilandgasadvancement.com/news/us-calls-on-europe-to-block-russian-oil-gas-for-tougher-sanctions/) - Washington has outrightly told the EU that if they want the US to implement more sanctions against Russia, they must halt the imports of oil and gas.
- [Production-Sharing Contract of Nigeria with TotalEnergies](https://www.oilandgasadvancement.com/news/production-sharing-contract-of-nigeria-with-totalenergies/) - The production-sharing contract of Nigeria along with TotalEnergies is a policy shift and sets as a backdrop for the future oil deals within the country.
- [UK May Develop Fields as Tiebacks for Oil & Gas Exploration](https://www.oilandgasadvancement.com/news/uk-may-develop-fields-as-tiebacks-for-oil-gas-exploration/) - UK may develop fields as tiebacks and also offer operators the flexibility to enable oil and gas exploration throughout the hubs located in the North Sea.
- [China-Russia Gas Pipeline Pact Signed to Deepen Energy Ties](https://www.oilandgasadvancement.com/news/china-russia-gas-pipeline-pact-signed-to-deepen-energy-ties/) - So as to deepen the energy ties, China-Russia gas pipeline named the Power of Siberia 2 via Mongolia could as well carry another 50 bcm of gas every year.
- [SGN Uses Live Transmission System to Transport Hydrogen](https://www.oilandgasadvancement.com/news/sgn-uses-live-transmission-system-to-transport-hydrogen/) - SGN, the energy company has made use of live transmission system to transport hydrogen hence becoming capable of delivering energy to households and businesses.
- [Egypt Commits $400m Investment to Build a Gas Pipeline](https://www.oilandgasadvancement.com/news/egypt-commits-400m-investment-to-build-a-gas-pipeline/) - Egypt commits $400m investment as part of its endeavours in order to spike its exports since the country is eyeing to build gas pipeline at its end.
- [First Arctic LNG 2 Gas Delivery from Russia to China Starts](https://www.oilandgasadvancement.com/news/first-arctic-lng-2-gas-delivery-from-russia-to-china-starts/) - First Arctic LNG 2 Gas Delivery from Russia to China has begun and has come as a sigh of relief for Kremlin which has struggled to place gas cargoes abroad.
- [Officials From Russia and The US Discuss Major Energy Deals](https://www.oilandgasadvancement.com/news/officials-from-russia-and-the-us-discuss-major-energy-deals/) - With major energy deals put on the table recently between officials from Russia and the US, there is indeed an air of energy collaboration that is underway.
- [Arctic LNG 2 Project from Russia Achieves Record Gas Output](https://www.oilandgasadvancement.com/news/arctic-lng-2-project-from-russia-achieves-record-gas-output/) - Arctic LNG 2 project from Russia known as Novatek PJSC-led plant has gone on to average 15 mn cubic meters a day with 25 mn cubic meters on August 25 and 26.
- [US LNG Exports Fuel Shale Gas Production Expansion](https://www.oilandgasadvancement.com/news/us-lng-exports-fuel-shale-gas-production-expansion/) - It is estimated that the US LNG exports are going to grow by around 10% every year till the end of the decade as LNG production gets doubled by energy firms.
- [Norway Uncovers North Sea Oil Discovery Amid UK Exploration Scrapped](https://www.oilandgasadvancement.com/news/norway-uncovers-north-sea-oil-discovery-amid-uk-exploration-scrapped/) - Norway uncovers major North Sea oil discovery in Yggdrasil, despite scrapping further UK oil exploration and showcasing potential for future energy reserves.
- [Eastern-Libya to Approve Turkey’s Oil & Gas Exploration in Mediterranean Sea](https://www.oilandgasadvancement.com/news/eastern-libya-to-approve-turkeys-oil-gas-exploration-in-mediterranean-sea/) - Turkey seeks to strengthen oil & gas exploration in Mediterranean sea, amid regional tensions, maritime disputes, and efforts to become a regional energy hub.
- [Iraq, Chevron Signs Deal to Revitalise Oil and Gas Assets](https://www.oilandgasadvancement.com/news/iraq-chevron-signs-deal-to-revitalise-oil-and-gas-assets/) - Iraq, Chevron signs deal, aiming to develop Nasiriyah and Balad oilfields, boosting production, resilience, and strategic oil reserves amid regional challenges
- [Saipem Completes Construction of Yellowtail Field Project](https://www.oilandgasadvancement.com/news/saipem-completes-construction-of-yellowtail-field-project/) - Saipem successfully executes Yellowtail Field Project operated by ExxonMobil Guyana Ltd., enhancing deepwater offshore infrastructure efficiency in Guyana
- [ICGB Secures Permit for Natural Gas Metering Station](https://www.oilandgasadvancement.com/news/icgb-secures-permit-for-natural-gas-metering-station/) - ICGB AD Bulgaria natural gas pipeline expansion of the Greece-Bulgaria gas interconnector boosting capacity to 5 bcm/y, strengthening regional energy security
- [AI-Powered Predictive Maintenance Transforming Offshore Platforms](https://www.oilandgasadvancement.com/featured/ai-powered-predictive-maintenance-transforming-offshore-platforms/) - AI-powered predictive maintenance enhances offshore platform safety, reduces operational costs, and optimizes asset management through advanced analytics.
- [India Launches Deepwater Exploration Mission for Energy](https://www.oilandgasadvancement.com/news/india-launches-deepwater-exploration-mission-for-energy/) - To reduce its heavy dependence on crude imports and speed-up the domestic energy supplies, India has launched its national deepwater exploration mission.
- [ExxonMobil Boosts Fourth Oil Development in Guyana to 900,000 bopd](https://www.oilandgasadvancement.com/news/exxonmobil-boosts-fourth-oil-development-in-guyana-to-900000-bopd/) - ExxonMobil’s Yellowtail oil development in Guyana boosts production to over 900,000 bopd with plan to reach 1.7 million bopd by 2030 showcasing industry success
- [Venture Capital Makes Phenomenal US LNG Investment](https://www.oilandgasadvancement.com/news/venture-capital-makes-phenomenal-us-lng-investment/) - With $34 bn commitments from leading banks of the world, Venture Capital has made strong US LNG investment thereby eyeing the spot of being largest exporter.
- [Imperial Oil Launches Renewable Diesel Production Complex](https://www.oilandgasadvancement.com/news/imperial-oil-launches-renewable-diesel-production-complex/) - Imperial Oil\'s renewable diesel production complex at Strathcona is now operational, reducing Canada’s transportation emissions and advancing sustainable fuels.
- [Egypt to Reach a Natural Gas Deal of $35 billion with Israel](https://www.oilandgasadvancement.com/news/egypt-to-reach-a-natural-gas-deal-of-35-billion-with-israel/) - Egypt boosts its long-term energy strategy with a natural gas deal of $35 billion, importing more gas from Israel’s Leviathan to cut costs and ensure supply.
- [Mabadala Energy Invests in US Natural Gas Market Expansion](https://www.oilandgasadvancement.com/news/mabadala-energy-invests-in-us-natural-gas-market-expansion/) - Mubadala Energy advances its global growth with an investment in US natural gas market expansion partnering with Kimmeridge developing LNG export capabilities
- [Foundation for offshore oil and gas careers with BOSIET certificates](https://www.oilandgasadvancement.com/news/foundation-for-offshore-oil-and-gas-careers-with-bosiet-certificates/) - The oil and gas industry relies heavily on offshore operations that demand strict safety protocols and skilled personnel.
- [BP Makes Major Oil and Gas Discovery in Brazil](https://www.oilandgasadvancement.com/news/uk-company-bp-makes-major-oil-and-gas-discovery-in-brazil/) - BP’s major oil and gas discovery in Brazil’s Santos Basin marks a significant milestone, supporting its growth strategy and expanding upstream production
- [Indonesia and Saudi Sign $27B Oil and Gas Investment Deals](https://www.oilandgasadvancement.com/news/indonesia-and-saudi-sign-27b-oil-and-gas-investment-deals/) - Indonesia and Saudi Arabia signed $27B preliminary deals in oil, gas, and energy, including a $10B low-carbon project, aiming to boost output and trade.
- [SEWA Implements Natural Gas Network Connection in the UAE](https://www.oilandgasadvancement.com/news/sewa-implements-natural-gas-network-connection-in-the-uae/) - SEWA implements natural gas network for Al Dhaid, supporting sustainable development, reducing energy costs, and enhancing community wellbeing in Sharjah.
- [First E&P in Nigeria Eyes Gas Exploration in East Africa](https://www.oilandgasadvancement.com/news/first-ep-in-nigeria-eyes-gas-exploration-in-east-africa/) - Nigeria’s first Exploration and Petroleum Development Co. targets gas exploration in East Africa, aiming to expand its footprint, and enhance energy security.
- [Adnoc Gas Expands LNG Supply to India for Decarbonisation](https://www.oilandgasadvancement.com/news/adnoc-gas-expands-lng-supply-to-india-for-decarbonisation/) - Adnoc Gas signs a 10-year LNG deal with HPCL, expanding LNG supply to India for decarbonisation goals and growth in natural gas\' role as a cleaner energy source
- [Brookfield Infrastructure Acquires Colonial for $9 Billion](https://www.oilandgasadvancement.com/news/brookfield-infrastructure-acquires-colonial-for-9-billion/) - Brookfield Infrastructure acquires Colonial in a $9 billion deal that is strengthening its US energy infrastructure portfolio with strategic pipeline assets.
- [Natural Gas Transition Boost Economy in Northwestern Tunisia](https://www.oilandgasadvancement.com/news/natural-gas-transition-boost-economy-in-northwestern-tunisia/) - The natural gas transition in Northwestern Tunisia improves energy access, boosts regional industry, reduces pollution supported by the African Development Bank
- [Hungary, Russia, Serbia Deal on Imports of Russian Crude Oil](https://www.oilandgasadvancement.com/news/hungary-russia-serbia-deal-on-imports-of-russian-crude-oil/) - An agreement has been reached between Hungary, Russia and Serbia on the imports of Russian crude oil so as to curtail their own energy price hikes.
- [EQT Expands Gas Operations with Olympus Energy Acquisition](https://www.oilandgasadvancement.com/news/eqt-expands-gas-operations-with-olympus-energy-acquisition/) - EQT expands gas operations by the acquisition of Olympus Energy, boosting 2025 sales volume by 100 Bcfe and strengthening its position in the Appalachian Basin
- [Turkey-Iraq Pipeline Deal and Energy Cooperation Plans](https://www.oilandgasadvancement.com/news/turkey-iraq-pipeline-deal-and-energy-cooperation-plans/) - Turkey and Iraq are negotiating a new Turkey-Iraq pipeline deal to ensure full capacity use, boost regional energy cooperation and develop LNG projects.
- [Aker BP, JAPEX Norge Collaborate on North Sea Asset Trade](https://www.oilandgasadvancement.com/news/aker-bp-japex-norge-collaborate-on-north-sea-asset-trade/) - Aker BP, JAPEX Norge collaborate to exchange interests in North Sea oil fields, boosting oil and gas exploration, recovery prospects, and strategic position.
- [Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia](https://www.oilandgasadvancement.com/press-releases/cloudera-and-aramco-plan-to-collaborate-on-ai-driven-digital-innovation-in-saudi-arabia/) - Cloudera and Aramco collaborate to develop AI-powered oil and gas solutions, and accelerate digital transformation in the energy sector in Saudi Arabia.
- [Eni Ghana Expands Natural Gas for OCTP to Power Ghana](https://www.oilandgasadvancement.com/news/eni-ghana-expands-natural-gas-for-octp-to-power-ghana/) - Eni Ghana expands natural gas boosting OCTP gas processing supporting energy transition with increased supply for power generation and sustainable growth
- [CNOOC Makes Landmark Offshore Oil & Gas Discovery](https://www.oilandgasadvancement.com/news/cnooc-makes-landmark-offshore-oil-gas-discovery/) - CNOOC\'s offshore oil & gas discovery in the Beibu Gulf marks a major breakthrough in deep plays exploration of metamorphic buried hills offshore China.
- [Shell Receives Approval for Oil & Gas Drilling Project](https://www.oilandgasadvancement.com/news/shell-receives-approval-for-oil-gas-drilling-project/) - Shell gains environmental approval for five deepwater wells in oil & gas drilling project offshore South Africa’s Orange Basin, boosting regional exploration.
- [Var Energi Partners with TechnipFMC for Subsea Projects](https://www.oilandgasadvancement.com/news/var-energi-partners-with-technipfmc-for-subsea-projects/) - Var Energi partners with TechnipFMC to accelerate North Sea subsea development, unlocking resources at Gjoa, Cerisa, and Ofelia with integrated solutions.
- [Equinor Has Made Gas Discovery Near Major Export Facility](https://www.oilandgasadvancement.com/news/equinor-has-made-gas-discovery-near-major-export-facility/) - Equinor has made gas discovery of 1.9 and 3.1 million barrels of oil, equivalent to recoverable gas and will now evaluate a tie-in with Johan Castberg field.
- [AI & Technology Maturing the Oil and Gas Workforce](https://www.oilandgasadvancement.com/market-reports/ai-technology-maturing-the-oil-and-gas-workforce/) - AI and technology usage is accelerating the speed of operations along with the safety at the rigs therefore reshaping the oil and gas workforce and its role.
- [Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum](https://www.oilandgasadvancement.com/press-releases/namibia-oil-and-gas-conference-2025-announces-future-generations-masterclass-in-partnership-with-the-namibia-youth-energy-forum/) - Youth Empowerment at Namibia Oil and Gas Conference 2025 highlights the Future Generations Masterclass, inspiring careers in Namibia’s energy sector.
- [Snam, GTSOU Sign MoU to Boost Italy-Ukraine Gas Markets](https://www.oilandgasadvancement.com/news/snam-gtsou-sign-mou-to-boost-italy-ukraine-gas-markets/) - Snam, GTSOU signs MoU to enhance gas market synergies, sustainability, pipeline transport, and decarbonised gas research to boost Italy-Ukraine gas markets
- [Naftogaz, Baker Hughes Signs MOU to Boost Ukraine Energy](https://www.oilandgasadvancement.com/news/naftogaz-baker-hughes-signs-mou-to-boost-ukraine-energy/) - Naftogaz, Baker Hughes signs MOU to boost Ukraine energy sector by developing modern energy solutions, focusing on decarbonization, and gas technology.
- [SEFE, ADNOC Gas Deal Expands LNG Supply for Europe Energy](https://www.oilandgasadvancement.com/news/sefe-adnoc-gas-deal-expands-lng-supply-for-europe-energy/) - SEFE, ADNOC gas deal expands LNG supply by signing an agreement, a strategic partnership between the UAE and Germany, strengthening Europe\'s energy security.
- [Canada Broadens Outlook to be LNG Exporting Superpower](https://www.oilandgasadvancement.com/news/canada-broadens-outlook-to-be-lng-exporting-superpower/) - As the LNG Canada project begins taking shape and with another 6 projects in the various stages, Canada eyes of becoming the LNG exporting superpower.
- [Turkey Hikes Natural Gas Prices Amid Budget Pressures](https://www.oilandgasadvancement.com/news/turkey-hikes-natural-gas-prices-amid-budget-pressures/) - Turkey raises natural gas prices by 24.6% for homes and 7.86% for businesses from July 2, 2025, to meet budget goals, sparking inflation and economic concern.
- [Oil Prices Surge 3 Percent Amid Iran Move and US deal](https://www.oilandgasadvancement.com/news/oil-prices-surge-3-percent-amid-iran-move-and-us-deal/) - Oil prices rose 3 percent after Iran curbed nuclear inspections and the US struck a Vietnam trade deal despite rising US stockpiles and weak fuel demand
- [Germany Allows Drilling in North Sea Protected Marine Zone](https://www.oilandgasadvancement.com/news/germany-allows-drilling-in-north-sea-protected-marine-zone/) - To drill almost 13 billion cubic meters of natural gas, Germany has identified the site at the North Sea protected marine zone and given it a go-ahead.
- [Carbon Capture in Oil and Gas for Cleaner Extraction](https://www.oilandgasadvancement.com/featured/carbon-capture-in-oil-and-gas-for-cleaner-extraction/) - Carbon capture in oil and gas enables cleaner extraction by reducing emissions, boosting energy efficiency, and supporting global climate goals with CCS tech.
- [Crude Oil Prices Rise Ahead of OPEC Production Update](https://www.oilandgasadvancement.com/news/crude-oil-prices-rise-ahead-of-opec-production-update/) - Crude oil prices climb on strong China demand and Saudi exports while investors await OPEC output plan and monitor rising US stockpiles and trade talks
- [OPEC Warns of 2030 Oil Market Shortage Without Investment](https://www.oilandgasadvancement.com/news/opec-warns-of-2030-oil-market-shortage-without-investment/) - OPEC forecasts a major oil market shortage by 2030, urging global investment to meet soaring energy demand and support a stable, secure energy future.
- [Shanghai Pioneers Ship-to-Ship Transfer of LCO₂ Emissions](https://www.oilandgasadvancement.com/news/shanghai-pioneers-ship-to-ship-transfer-of-lco₂-emissions/) - Shanghai completes first ship-to-ship transfer of liquid CO₂, advancing onboard carbon capture and flexible emission reduction for maritime industry.
- [KOC Advances GCC Energy Infrastructure Security Plans](https://www.oilandgasadvancement.com/news/koc-advances-gcc-energy-infrastructure-security-plans/) - KOC, GCC, and UNOCT collaborate to enhance energy infrastructure security , tackle regional threats, and ensure stable global oil and gas supply.
- [LNG Canada Export Launches First Shipment to Asia](https://www.oilandgasadvancement.com/news/lng-canada-export-launches-first-shipment-to-asia/) - LNG Canada ships its first LNG export to Asia, marking Canada’s Pacific entry into global gas markets with major backing from Shell and other partners.
- [Indonesia Targets 1M Barrels of Oil Production by 2029](https://www.oilandgasadvancement.com/news/indonesia-targets-1m-barrels-of-oil-production-by-2029/) - Indonesia accelerates oil exploration, enhanced oil recovery by horizontal fracking, and regulatory reviews to achieve 1 million barrels oil production by 2029.
- [Technologies Transforming Oil and Gas Operations](https://www.oilandgasadvancement.com/featured/technologies-transforming-oil-and-gas-operations/) - Advanced technologies like AI, IoT, and blockchain, digital twin, and RPA are enabling safer, faster, and more efficiently transforming oil and gas operations.
- [UK Launches the Largest Oil and Gas Producer, Adura](https://www.oilandgasadvancement.com/news/uk-launches-the-largest-oil-and-gas-producer-adura/) - Equinor and Shell\'s joint venture launches the largest oil and gas producer, Adura in the UK, headquartered in Aberdeen, securing UK energy with expertise.
- [Canada's Fossil Fuel Industry Ties to Pension Boards Eyed](https://www.oilandgasadvancement.com/news/canadas-fossil-fuel-industry-ties-to-pension-boards-eyed/) - Climate advocacy group raise concerns over Canada’s fossil fuel industry ties to Pension Boards face scrutiny due to conflict of interest over legal obligation
- [North Sea Oil and Gas Production – A Privilege for UK](https://www.oilandgasadvancement.com/news/north-sea-oil-and-gas-production-a-privilege-for-uk/) - Study has revealed that with 7.5 billion barrels lying untapped in UK waters, the North Sea oil and gas production can make a phenomenal contribution.
- [Oil Prices Dipped as US Declared Israel and Iran Ceasefire](https://www.oilandgasadvancement.com/news/oil-prices-dipped-as-us-declared-israel-and-iran-ceasefire/) - The US declared Israel and Iran ceasefire thereby putting to rest all the speculation concerning blockage of the Strait of Hormuz and its after-effects.
- [Shutting Strait of Hormuz May Affect Mainland Asia](https://www.oilandgasadvancement.com/news/shutting-strait-of-hormuz-may-affect-mainland-asia/) - Post the US strikes, Iran is considering shutting Strait of Hormuz which may significantly go on to affect the crude oil shipments in India and China.
- [Trump Urges Oil Producers to Avoid Increasing Oil Prices](https://www.oilandgasadvancement.com/news/trump-urges-oil-producers-to-avoid-increasing-oil-prices/) - Trump has warned global oil majors against increasing oil prices post his strikes on Iran as any cost spike would play straight into the hands of the enemy.
- [Europe Boosts Liquefied Natural Gas Resilience Amid Tension](https://www.oilandgasadvancement.com/news/europe-boosts-liquefied-natural-gas-resilience-amid-tension/) - Europe boosts liquefied natural gas resilience with diverse supply strategies, ensuring energy stability amid Israel-Iran tensions.
- [Middle East giants expands Global LNG market](https://www.oilandgasadvancement.com/middle-east-south-asia/middle-east-giants-expands-global-lng-market/) - Middle Eastern oil and gas giants invest billions to expand in the global LNG market, boost capacity, and lead global energy trading.
- [South Africa Proposes US LNG Purchase Deal for 10 Years](https://www.oilandgasadvancement.com/news/south-africa-proposes-us-lng-purchase-deal-for-10-years/) - South Africa proposes US LNG Purchase deal for 10 years, aiming to secure 75-100 million cubic meters annually to enhance its energy supply and trade.
- [Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG](https://www.oilandgasadvancement.com/press-releases/glenfarne-announces-over-115-billion-of-strategic-partner-interest-for-alaska-lng/) - Glenfarne announces a partnership with Worley and the start of final engineering for the Alaska LNG Pipeline, advancing critical energy infrastructure projects.
- [HDPE Market in Oil and Gas: Trends and Global Forecast](https://www.oilandgasadvancement.com/market-reports/hdpe-market-in-oil-and-gas-trends-and-global-forecast/) - Explore the HDPE market in oil and gas, focusing on trends, sustainability, and growth through innovative pipelines, offshore applications, and greener operatio
- [Scope 1 & 2 Emission Reductions with Methane Detection Tech](https://www.oilandgasadvancement.com/downstream/gases/scope-1-2-emission-reductions-with-methane-detection-tech/) - Scope 1 & 2 emissions cut via methane detection, flare monitoring, and greener operations for improved sustainability and operational efficiency.
- [UAE Energy Investments in the US to Reach $440B by 2035](https://www.oilandgasadvancement.com/news/uae-energy-investments-in-the-us-to-reach-440b-by-2035/) - UAE energy investments in the US to hit $440B by 2035, strengthening economic ties and boosting cooperation in energy, AI, and infrastructure sectors.
- [IEA Warns of Global Oil Demand Slowdown in 2025](https://www.oilandgasadvancement.com/news/iea-warns-of-global-oil-demand-slowdown-in-2025/) - IEA forecasts a global oil demand slowdown in 2025 amid economic headwinds, trade tensions, and rising OPEC+ production, increasing oversupply risks.
- [Trans Mountain Pipeline Expansion Boosts China Oil Trade](https://www.oilandgasadvancement.com/news/trans-mountain-pipeline-expansion-boosts-china-oil-trade/) - Trans Mountain pipeline expansion boosts China crude imports, reshaping Canada\'s oil trade and geopolitical ties amid US-China tensions and market shifts.
- [Effect of Generative AI and Blockchain in Oil and Gas Sector](https://www.oilandgasadvancement.com/upstream/effect-of-generative-ai-and-blockchain-in-oil-and-gas-sector/) - As the future demands a very sustainable outlook, generative AI and blockchain in oil and gas sector are indeed making their moves to play their solid part.
- [Aramco announces 34 MoUs and agreements with US companies](https://www.oilandgasadvancement.com/projects/aramco-announces-34-mous-and-agreements-with-us-companies/) - Aramco announces $90B in MoUs with US companies, driving innovation in LNG, AI, chemicals, and more, while fostering long-term strategic partnerships.
- [Sinopec Sets New Vertical Well Depth Record of 5,300 Meters](https://www.oilandgasadvancement.com/press-releases/sinopec-sets-new-vertical-well-depth-record-of-5300-meters/) - Sinopec Shale Gas achieves a 5,300m well depth record, boosting reserves and advancing ultra-deep gas exploration in China’s Sichuan Basin
- [Oil And Gas Sector in Syria Looks forward to Resurgence](https://www.oilandgasadvancement.com/news/oil-and-gas-sector-in-syria-looks-forward-to-resurgence/) - Oil and gas sector in Syria is all set to benefit the most as US looks to lift all its sanctions thereby marking a possibility for development of the country.
- [Top 5 Oil and Gas Sector Trends that are Active in 2025](https://www.oilandgasadvancement.com/market-reports/top-5-oil-and-gas-sector-trends-that-are-active-in-2025/) - As the fossil fuel centric practices take a back seat, top 5 oil and gas sector trends have emerged as a gamechanger in 2025 for cleaner and smarter energy.
- [Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025](https://www.oilandgasadvancement.com/press-releases/jubail-to-host-the-3rd-asset-integrity-and-process-safety-conference-exhibition-2025/) - Asset Integrity and Process Safety 2025, Jubail gathers global experts to boost safety, reliability, and innovation in the energy and chemical industries.
- [OPEC+ Stretches Per Day Oil Output of Saudi Arabia](https://www.oilandgasadvancement.com/news/opec-stretches-per-day-oil-output-of-saudi-arabia/) - Per day oil output of Saudi Arabia is causing a lot of alterations to the already production heavy oil market and is likely to continue for the times ahead.
- [Effect of OPEC+ Production Surge on US Crude Oil Prices](https://www.oilandgasadvancement.com/news/effect-of-opec-production-surge-on-us-crude-oil-prices/) - OPEC+ has given nod to boost the production by 411,000 barrels in June 2025 as the tariff by President Trump will be having its effect on US crude oil prices.
- [Those Buying Oil or Petrochemicals from Iran on US Radar](https://www.oilandgasadvancement.com/news/those-buying-oil-or-petrochemicals-from-iran-on-us-radar/) - As per US President Trump, any individual or a country that buys oil or petrochemicals from Iran will be subject to business prohibition from the US.
- [OPEC+ Decision Pushes Saudi Arabia to Raise Asia Oil Prices](https://www.oilandgasadvancement.com/news/opec-decision-pushes-saudi-arabia-to-raise-asia-oil-prices/) - In a move that is seen driven because of OPEC+ elevating the production & supply, the fact that Saudi Arabia to raise Asia oil prices is a ripple effect.
- [European Decarbonisation: Challenges & Role of Natural Gas](https://www.oilandgasadvancement.com/featured/european-decarbonisation-challenges-role-of-natural-gas/) - Explore European decarbonisation efforts, costs, economic challenges, and the evolving role of natural gas in achieving a sustainable and low-carbon future
- [Oil and Gas Analytics Market Growth Trends and Forecast](https://www.oilandgasadvancement.com/market-reports/oil-and-gas-analytics-market-growth-trends-and-forecast/) - Explore the booming oil and gas analytics market, poised to hit $55.8B by 2030, driving efficiency, innovation, and sustainability across global operations.
- [South Africa Drives Oil and Gas Expansion Strategies](https://www.oilandgasadvancement.com/news/south-africa-drives-oil-and-gas-expansion-strategies/) - South Africa accelerates oil and gas expansion with robust strategies, aiming for energy security, economic growth, and stronger global market positioning.
- [Uzbekistan Sets Itself Targets for Energy Conservation](https://www.oilandgasadvancement.com/news/uzbekistan-sets-itself-targets-for-energy-conservation/) - Uzbekistan is prioritizing energy conservation with 1.1 billion cubic meters of natural gas and 2.6 billion kilowatt hours of electricity saving targets.
- [Transport Capacity – Key to Gas Sector Growth in India](https://www.oilandgasadvancement.com/market-reports/transport-capacity-key-to-gas-sector-growth-in-india/) - Efficient, prompt and transparent access to transport capacity holds the key to growth of gas sector in India and also future proofing it to a great extent.
- [Future-proofing Gas Sector for Efficiency and Sustainability](https://www.oilandgasadvancement.com/featured/future-proofing-gas-sector-for-efficiency-and-sustainability/) - Explore future-proofing gas sector strategies for market efficiency, sustainability, decarbonization, and ensuring resilience in the global energy transition
- [South Africa Speeding-up its Oil and Gas Exploration](https://www.oilandgasadvancement.com/projects/south-africa-speeding-up-its-oil-and-gas-exploration/) - South Africa is putting efforts to exploit its vast oil and gas reserves to boost national economic growth and this move toward exploration can prove worthy.
- [High-Risk Geographies in Upstream Exploration and Challenges](https://www.oilandgasadvancement.com/projects/high-risk-geographies-in-upstream-exploration-and-challenges/) - Explore how advanced technology, ESG strategies and high-risk geographies impact upstream exploration in 2025, and challenges for safety and sustainability.
- [IoT and Predictive Analytics Transforming Drilling](https://www.oilandgasadvancement.com/featured/iot-and-predictive-analytics-transforming-drilling/) - IoT and Predictive Analytics are revolutionizing drilling, reducing downtime, enhancing efficiency, and ensuring a smarter, data-driven energy future.
- [bp and Apollo Join Forces to Develop TANAP Gas Pipeline](https://www.oilandgasadvancement.com/news/bp-and-apollo-join-forces-to-develop-tanap-gas-pipeline/) - Apollo Funds to invest $1 bn and partner with bp to get a non-controlling stake in TANAP gas pipeline which carries natural gas from Azerbaijan across Turkey.
- [Produced & Treated Wastewater : US EPA Looks to Alter Rules](https://www.oilandgasadvancement.com/news/produced-treated-wastewater-us-epa-looks-to-alter-rules/) - The US EPA is now looking for new options on produced water and treated wastewater that heavily go on to impact waste management in the Oil & Gas sector.
- [Innovations Driving the Future of Offshore Drilling](https://www.oilandgasadvancement.com/projects/innovations-driving-the-future-of-offshore-drilling/) - Innovations driving the future of offshore drilling, including AI, automation, and sustainable practices driving efficiency and reducing environmental impact.
- [Shell Approves Gato do Mato Project in Brazil](https://www.oilandgasadvancement.com/news/shell-approves-gato-do-mato-project-in-brazil/) - Shell Approves Gato do Mato Project in Brazil, set to produce 120,000 barrels/day by 2029, strengthening Brazil\'s role in global oil and gas markets.
- [Namibia Showcases its Offshore Drilling Activities](https://www.oilandgasadvancement.com/market-reports/namibia-showcases-its-offshore-drilling-activities/) - The offshore oil and gas sector in Namibia is expected to see a significant growth due to the licensing opportunities and a rise in drilling activities.
- [Iraq Looks for Oil Export Possibilities to African Markets](https://www.oilandgasadvancement.com/news/iraq-looks-for-oil-export-possibilities-to-african-markets/) - As a part of its strategy to further its market expansion plans, Iraq is delving deeper when it comes to its oil export possibilities to the African Markets.
- [Demand for Global Oil to Grow to Almost 104 mb/d in 2025](https://www.oilandgasadvancement.com/market-reports/demand-for-global-oil-to-grow-to-almost-104-mb-d-in-2025/) - From an estimated 830,000 kb/d growth in 2024, the demand for global oil is all set to grow to almost 104 mb/d with the major supply being done to Asia.
- [Trump Imposes 25% Tariff on Venezuelan Oil & Gas Buyers](https://www.oilandgasadvancement.com/news/trump-imposes-25-tariff-on-venezuelan-oil-gas-buyers/) - US President Trump has announced a 25% Tariff on countries which are buying Venezuelan oil & gas – a move to curtail development of the South American nation.
- [IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy](https://www.oilandgasadvancement.com/press-releases/iptc-2025-launched-driving-innovation-sustainability-and-excellence-in-energy/) - The 17th edition of the International Petroleum Technology Conference (IPTC) – the Eastern Hemisphere’s premier multi-society, multi-disciplinary energy event – officially commenced in Kuala Lumpur.
- [Ocean Business announces exhibitor list for 2025 show](https://www.oilandgasadvancement.com/press-releases/ocean-business-announces-exhibitor-list-for-2025-show/) - As the countdown begins to Ocean Business 2025, more details can be revealed about the line-up of exhibitors at the global technology and science exhibition for marine industries.
- [Ocean Business 2025 conference programme announced](https://www.oilandgasadvancement.com/press-releases/ocean-business-2025-conference-programme-announced/) - Preparations for Ocean Business 2025 are well underway, with a bigger than ever exhibition and a packed two-day conference programme, more details of which can now be unveiled.
- [Engine No. 1, Chevron And GE Vernova To Power U.S. Data Centers](https://www.oilandgasadvancement.com/press-releases/engine-no-1-chevron-and-ge-vernova-to-power-u-s-data-centers/) - Engine No. 1 and Chevron U.S.A. Inc. (NYSE: CVX) announced today the formation of a partnership to build a new company to develop scalable, reliable power solutions for United States (U.S.) based data
- [Baker Hughes Secures Significant Gas Technology Order for Third Expansion Phase of Aramco's Jafurah Gas Field](https://www.oilandgasadvancement.com/press-releases/baker-hughes-secures-significant-gas-technology-order-for-third-expansion-phase-of-aramcos-jafurah-gas-field/) - Baker Hughes (NASDAQ: BKR), an energy technology company, announced Thursday it has been awarded an order by Tecnicas Reunidas for six gas compression trains and six propane compressors, for the third
- [SLB Capturi powers up its first modular carbon capture plant](https://www.oilandgasadvancement.com/press-releases/slb-capturi-powers-up-its-first-modular-carbon-capture-plant/) - Global energy technology company SLB (NYSE: SLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence's waste-to-energy facility
- [Chevron achieves first oil at future growth project in Kazakhstan](https://www.oilandgasadvancement.com/press-releases/chevron-achieves-first-oil-at-future-growth-project-in-kazakhstan/) - Chevron Corporation (NYSE: CVX) announced today that its 50 percent owned affiliate Tengizchevroil LLP (TCO) has started oil production at its Future Growth Project (FGP) located at the Tengiz oil fie
- [Oman: TotalEnergies and OQAE Sign Agreements to Develop 300 MW of Renewable Projects](https://www.oilandgasadvancement.com/press-releases/oman-totalenergies-and-oqae-sign-agreements-to-develop-300-mw-of-renewable-projects/) - In line with its multi-energy strategy in the Sultanate of Oman, TotalEnergies is pleased to announce, together with its partner OQ Alternative Energy (OQAE), the National Renewable Energy Champion, t
- [Shell completes acquisition of combined-cycle power plant in priority U.S. trading market](https://www.oilandgasadvancement.com/press-releases/shell-completes-acquisition-of-combined-cycle-power-plant-in-priority-u-s-trading-market/) - Shell Energy North America (US), L.P. (SENA), a subsidiary of Shell plc (Shell), has completed the previously announced 100% equity stake acquisition of RISEC Holdings, LLC (RISEC), which owns a 609-megawatt (MW)
- [SAIPEC 2025: Pioneering Regional Growth - First Speakers Announced](https://www.oilandgasadvancement.com/press-releases/saipec-2025-pioneering-regional-growth-first-speakers-announced/) - The Sub-Saharan Africa International Petroleum Exhibition and Conference (SAIPEC) has announced the first set of distinguished speakers for its 2025 edition, set to take place from 11-13 February at t
- [KNCC and COSCO partner to develop offshore liquid CO2 carrier for global CCUS projects](https://www.oilandgasadvancement.com/news/kncc-and-cosco-partner-to-develop-offshore-liquid-co2-carrier-for-global-ccus-projects/) - Knutsen NYK Carbon Carriers AS, a joint venture between NYK Line and Knutsen Group, has partnered with COSCO Shipping Heavy Industry Co., Ltd. (CHI) to advance the design of liquefied carbon dioxide (LCO2) carriers.
- [Stanmore Wins LEIP Funding for Gas-to-Electricity Project at South Walker Creek Mine](https://www.oilandgasadvancement.com/news/stanmore-wins-leip-funding-for-gas-to-electricity-project-at-south-walker-creek-mine/) - Stanmore Resources has successfully secured government funding through the LEIP program to support the development of a new 20MW gas-fired power station at its South Walker Creek coal mine.
- [Attero, Nordsol and Titan join forces to produce bio-LNG for sustainable maritime transport](https://www.oilandgasadvancement.com/press-releases/attero-nordsol-and-titan-join-forces-to-produce-bio-lng-for-sustainable-maritime-transport/) - Attero, Nordsol, and Titan, three companies from very different sectors, have joined forces to achieve a decentralized production of bio-LNG designated for use in the maritime industry.
- [Nuionic Technologies and RW Energy Announce Strategic Alliance for Distributed Scale Hydrogen Production and CO2 Capture Projects](https://www.oilandgasadvancement.com/press-releases/nuionic-technologies-and-rw-energy-announce-strategic-alliance-for-distributed-scale-hydrogen-production-and-co2-capture-projects/) - Nu:ionic Technologies and RW Energy announce the signing of a Memorandum of Understanding (MOU) to accelerate hydrogen production and advance carbon capture initiatives nationwide
- [chevron builds on CCS portfolio with greenhouse gas assessment permit offshore Australia](https://www.oilandgasadvancement.com/news/chevron-builds-on-ccs-portfolio-with-greenhouse-gas-assessment-permit-offshore-australia-2/) - Chevron Corporation, through its subsidiary Chevron Australia New Ventures Pty Ltd (Chevron), has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia.
- [QatarEnergy, KPC sign 15-year agreement for the supply of up to 3 MTPA of LNG to Kuwait](https://www.oilandgasadvancement.com/press-releases/qatarenergy-kpc-sign-15-year-agreement-for-the-supply-of-up-to-3-mtpa-of-lng-to-kuwait/) - QatarEnergy entered into a 15-year LNG Sale and Purchase Agreement (SPA) with Kuwait Petroleum Corporation (KPC) for the supply of up to 3 million tons per annum (MTPA) of LNG to the State of Kuwait.
- [Chemanol inks technical licensing agreement for MDEA project](https://www.oilandgasadvancement.com/news/chemanol-inks-technical-licensing-agreement-for-mdea-project/) - Methanol Chemicals Co. (Chemanol) has recently signed a significant technical licensing agreement with an international company that holds the proprietary technology for producing methyl diethanolamine (MDEA).
- [SLB launches carbon storage well integrity assessment solution](https://www.oilandgasadvancement.com/news/slb-launches-carbon-storage-well-integrity-assessment-solution/) - SLB launched a well integrity assessment solution that helps carbon storage developers quantify the risks associated with wells at prospective storage sites with previous drilling activity.
- [chevron builds on CCS portfolio with greenhouse gas assessment permit offshore Australia](https://www.oilandgasadvancement.com/press-releases/chevron-builds-on-ccs-portfolio-with-greenhouse-gas-assessment-permit-offshore-australia/) - Chevron Corporation, through its subsidiary Chevron Australia New Ventures Pty Ltd (Chevron), has been awarded a greenhouse gas (GHG) assessment permit offshore Western Australia.
- [Shell, PetroChina to expand Surat coal seam gas project in Australia](https://www.oilandgasadvancement.com/news/shell-petrochina-to-expand-surat-coal-seam-gas-project-in-australia/) - Shell (SHEL.L), opens new tab and PetroChina, opens new tab have decided to expand the Surat coal seam gas project (SGP) in Queensland, the British oil and gas giant said, amid calls for more investment to boost local energy supply
- [United States: First Oil from the Anchor field in Gulf of Mexico](https://www.oilandgasadvancement.com/news/united-states-first-oil-from-the-anchor-field-in-gulf-of-mexico/) - TotalEnergies announces the start of production from the Anchor field, located in the US Gulf of Mexico, in which the Company has a 37.14% interest alongside operator Chevron
- [Microsoft Ventures Fund & Natural Gas Transporter ONEOK Invest in $17M Funding for AI-Driven Pipeline Control Technology](https://www.oilandgasadvancement.com/news/microsoft-ventures-fund-natural-gas-transporter-oneok-invest-in-17m-funding-for-ai-driven-pipeline-control-technology/) - CruxOCM focuses on co-pilot technologies for natural gas pipeline control room operators to improve operational and sustainability efficiencies. Other investors include EIC Rose Rock and Raven Indigen
- [TotalEnergies launches a floating offshore wind pilot project to supply renewable electricity to an offshore oil & gas platform in the North Sea](https://www.oilandgasadvancement.com/news/totalenergies-launches-a-floating-offshore-wind-pilot-project-to-supply-renewable-electricity-to-an-offshore-oil-gas-platform-in-the-north-sea/) - TotalEnergies launches a floating offshore wind pilot project to supply renewable electricity to an offshore oil & gas platform in the North Sea
- [Kosmos Energy announces first oil production at Winterfell](https://www.oilandgasadvancement.com/news/kosmos-energy-announces-first-oil-production-at-winterfell/) - Kosmos Energy Ltd. has started first oil production at the Winterfell development, located in the Green Canyon area of the US Gulf of Mexico.
- [Shell Canada announces FID for carbon capture projects](https://www.oilandgasadvancement.com/news/shell-canada-announces-fid-for-carbon-capture-projects/) - In conjunction with Polaris, Shell has also given the green light to the Atlas Carbon Storage Hub, a 50-50 joint venture with ATCO EnPower.
- [Halliburton, AIQ partner on global autonomous well control solution](https://www.oilandgasadvancement.com/news/halliburton-aiq-partner-on-global-autonomous-well-control-solution/) - AIQ and Halliburton’s Landmark announced a partner agreement under which AIQ’s RoboWell autonomous well control (AWC) solution will be made available through Halliburton’s Landmark iEnergy hybrid cloud.
- [Venture Global launches first vessel from state-of-the-art LNG fleet](https://www.oilandgasadvancement.com/news/venture-global-launches-first-vessel-from-state-of-the-art-lng-fleet/) - Venture Global has announced the launch of its first LNG vessel, the Venture Gator, at a ceremony which took place at the Samsung Heavy Industries shipyard in Geoji-si, South Korea.
- [ADNOC Logistics & Services Plc expands LNG carrier fleet](https://www.oilandgasadvancement.com/news/adnoc-logistics-services-plc-expands-lng-carrier-fleet/) - ADNOC has awarded South Korean shipyards Samsung Heavy Industries and Hanwha Ocean up to US$2.5 billion shipbuilding contracts for the construction of new LNG carriers..
- [Eni makes hydrocarbon discovery in Sureste Basin, offshore Mexico](https://www.oilandgasadvancement.com/press-releases/eni-makes-hydrocarbon-discovery-in-sureste-basin-offshore-mexico/) - Eni announces a new discovery on the Yopaat-1 EXP exploration well in Block 9, approximately 63 kilometers off the coast in the mid-deep water of the Cuenca Salina in the Sureste Basin, offshore Mexico.
- [Equinor and partners begin production from Kristin South project](https://www.oilandgasadvancement.com/press-releases/equinor-and-partners-begin-production-from-kristin-south-project/) - Equinor and its partners Petoro, Vår Energi, and TotalEnergies EP Norge started production from the first Lavrans well in the Kristin South area on 7 July.
- [Pemex and Grupo Carso collaborate to develop Brazilian gas project](https://www.oilandgasadvancement.com/news/pemex-and-grupo-carso-collaborate-to-develop-brazilian-gas-project/) - Mexico’s state energy company, Pemex, has partnered with Grupo Carso to resume the development of the Lakach natural gas project, reported Reuters.
- [Golar LNG signs agreement for 20-year FLNG deployment in Argentina](https://www.oilandgasadvancement.com/news/golar-lng-signs-agreement-for-20-year-flng-deployment-in-argentina/) - Golar LNG Ltd has entered into definitive agreements with Pan American Energy (PAE) for a 20-year deployment of a floating LNG (FLNG) vessel in Argentina.
- [Aramco's strategic gas expansion progresses with $25bn contract awards](https://www.oilandgasadvancement.com/news/aramcos-strategic-gas-expansion-progresses-with-25bn-contract-awards/) - Aramco, one of the world’s leading integrated energy and chemicals companies, has awarded contracts worth more than $25 billion to progress its strategic gas expansion, which targets sales gas production growth of more than 60% by 2030, compared to 2021 levels.
- [Developing the circular economy for lubricants in Europe: TotalEnergies Acquires Tecoil, a Lubricant Used Oil Regeneration Specialist](https://www.oilandgasadvancement.com/news/developing-the-circular-economy-for-lubricants-in-europe-totalenergies-acquires-tecoil-a-lubricant-used-oil-regeneration-specialist/) - Developing the circular economy for lubricants in Europe: TotalEnergies Acquires Tecoil, a Lubricant Used Oil Regeneration Specialist
- [Digital Innovation: TotalEnergies to Partner with SLB for a more sustainable energy](https://www.oilandgasadvancement.com/press-releases/digital-innovation-totalenergies-to-partner-with-slb-for-a-more-sustainable-energy/) - TotalEnergies and SLB join forces to develop innovative subsurface digital solutions and contribute to a more sustainable hydrocarbon production and the implementation of TotalEnergies’ “More energy, less emissions, more value” strategy.
- [ExxonMobil adds Air Liquide to worlds largest low-carbon hydrogen project](https://www.oilandgasadvancement.com/news/exxonmobil-adds-air-liquide-to-worlds-largest-low-carbon-hydrogen-project/) - ExxonMobil and Air Liquide today announced an agreement to support the production of low-carbon hydrogen and low-carbon ammonia at ExxonMobil’s Baytown, Texas facility.
- [Equinor and GRTgaz sign agreement to develop CO2 transport infrastructure in France](https://www.oilandgasadvancement.com/press-releases/equinor-and-grtgaz-sign-agreement-to-develop-co2-transport-infrastructure-in-france-2/) - Equinor and main French gas transmission operator GRTgaz sign PDA for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore
- [Equinor and GRTgaz sign agreement to develop CO2 transport infrastructure in France](https://www.oilandgasadvancement.com/press-releases/equinor-and-grtgaz-sign-agreement-to-develop-co2-transport-infrastructure-in-france/) - Equinor and main French gas transmission operator GRTgaz sign PDA for a CO2 transport system for captured CO2 from industrial emitters in France to safe and permanent storage offshore
- [Venezuela mulls proposal to extend Chevron oil joint venture through 2047](https://www.oilandgasadvancement.com/news/venezuela-mulls-proposal-to-extend-chevron-oil-joint-venture-through-2047/) - Venezuela's National Assembly on Monday began discussing a proposal to extend through 2047 a contract between state oil company PDVSA and U.S. company Chevron CVX.N to operate a joint venture in the country's largest producing area.
- [bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects](https://www.oilandgasadvancement.com/news/bp-to-acquire-full-ownership-of-bp-bunge-bioenergia-while-refocusing-plans-for-new-biofuels-projects-3/) - bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects
- [Var Energi extends gas sales agreement with VNG for an additional 12 years](https://www.oilandgasadvancement.com/news/var-energi-extends-gas-sales-agreement-with-vng-for-an-additional-12-years/) - VAr Energi ASA has extended the long-term agreement for delivery of up to five billion cubic meters (bcm) natural gas to VNG Handel & Vertrieb GmbH?over a 12-year period.
- [PETRONAS CCS Ventures and DNV Sign Master Price Agreement to Certify CO2 Storage Sites for CCS Projects in Malaysia](https://www.oilandgasadvancement.com/news/petronas-ccs-ventures-and-dnv-sign-master-price-agreement-to-certify-co2-storage-sites-for-ccs-projects-in-malaysia/) - PETRONAS CCS Ventures and DNV Sign Master Price Agreement to Certify CO2 Storage Sites for CCS Projects in Malaysia
- [AIRMO, Beagle Systems partner on methane emissions monitoring sensor for oil and gas industry](https://www.oilandgasadvancement.com/press-releases/airmo-beagle-systems-partner-on-methane-emissions-monitoring-sensor-for-oil-and-gas-industry/) - AIRMO, Beagle Systems partner on methane emissions monitoring sensor for oil and gas industry
- [Aker BP makes offshore natural gas discovery in Barents Sea exploration well](https://www.oilandgasadvancement.com/news/aker-bp-makes-offshore-natural-gas-discovery-in-barents-sea-exploration-well-2/) - According to the Norwegian Offshore Directorate, Aker BP has made an offshore natural gas discovery in the 7324/6-2 exploration well, known as “Ferdinand Nord,” in the Barents Sea.
- [bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects](https://www.oilandgasadvancement.com/news/bp-to-acquire-full-ownership-of-bp-bunge-bioenergia-while-refocusing-plans-for-new-biofuels-projects-2/) - bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
- [McDermott Selected by Abraxas Power for Canadas First Commercial Green Hydrogen and Ammonia Production Facility](https://www.oilandgasadvancement.com/news/mcdermott-selected-by-abraxas-power-for-canadas-first-commercial-green-hydrogen-and-ammonia-production-facility/) - McDermott Selected by Abraxas Power for Canadas First Commercial Green Hydrogen and Ammonia Production Facility
- [Aker BP makes offshore natural gas discovery in Barents Sea exploration well](https://www.oilandgasadvancement.com/news/aker-bp-makes-offshore-natural-gas-discovery-in-barents-sea-exploration-well/) - Aker BP makes offshore natural gas discovery in Barents Sea exploration well
- [Eni welcomes visit of a joint delegation from Italy and the European Union to the HyNet North West industrial cluster](https://www.oilandgasadvancement.com/news/eni-welcomes-visit-of-a-joint-delegation-from-italy-and-the-european-union-to-the-hynet-north-west-industrial-cluster/) - Eni welcomes visit of a joint delegation from Italy and the European Union to the HyNet North West industrial cluster
- [TGS, PetroAI to develop on-demand AI subsurface models for exploration, production, operations](https://www.oilandgasadvancement.com/press-releases/tgs-petroai-to-develop-on-demand-ai-subsurface-models-for-exploration-production-operations/) - TGS, PetroAI to develop on-demand AI subsurface models for exploration, production, operations
- [QatarEnergy enters 10-year naphtha supply agreement with India’s Haldia Petrochemicals](https://www.oilandgasadvancement.com/news/qatarenergy-enters-10-year-naphtha-supply-agreement-with-indias-haldia-petrochemicals/) - QatarEnergy has entered into an agreement to supply India’s HPL with a total of up to two million tons of naphtha to be delivered over ten years starting in the second quarter of 2024
- [QatarEnergy Picks CPC as NFE Partner, Inks SPA for 4 MTPA of LNG Over 27 Years](https://www.oilandgasadvancement.com/news/qatarenergy-picks-cpc-as-nfe-partner-inks-spa-for-4-mtpa-of-lng-over-27-years/) - QatarEnergy signed definitive agreements with CPC Corporation, Taiwan (CPC) covering the long-term supply of LNG to CPC and partnership in the North Field East LNG expansion project (NFE).
- [bp and Worley announce global strategic alliance across site projects](https://www.oilandgasadvancement.com/news/bp-and-worley-announce-global-strategic-alliance-across-site-projects/) - bp and Worley have formed a new strategic alliance focused on enhancing efficiency, continuous improvement and value creation across bp’s global Site Projects organization.
- [bp to acquire full ownership of bp Bunge Bioenergia while refocusing plans for new biofuels projects](https://www.oilandgasadvancement.com/news/bp-to-acquire-full-ownership-of-bp-bunge-bioenergia-while-refocusing-plans-for-new-biofuels-projects/) - bp has agreed to acquire Bunge’s 50% holding interest in its bp Bunge Bioenergia S.A. joint venture, one of Brazil’s leading biofuels-producing companies.
- [Shell Announces Purchase of Singapore LNG Company Pavilion Energy](https://www.oilandgasadvancement.com/news/shell-announces-purchase-of-singapore-lng-company-pavilion-energy/) - Shell has entered into an agreement with Carne Investments Pte. Ltd., an indirect wholly-owned subsidiary of Temasek, to purchase 100% of the shares in Pavilion Energy Pte. Ltd.
- [TotalEnergies and Air Products sign deal for green hydrogen delivery](https://www.oilandgasadvancement.com/news/totalenergies-and-air-products-sign-deal-for-green-hydrogen-delivery/) - TotalEnergies and Air Products have signed a 15-year agreement for the annual supply in Europe of 70,000 tons of green hydrogen starting in 2030.
- [TotalEnergies Launches the Ubeta Gas Development to Supply Nigeria LNG Liquefaction Plant](https://www.oilandgasadvancement.com/news/totalenergies-launches-the-ubeta-gas-development-to-supply-nigeria-lng-liquefaction-plant/) - TotalEnergies, operator of OML 58 onshore license in Nigeria with a 40% interest, together with the Nigerian National Petroleum Corporation Ltd (NNPCL, 60%), have taken the Final Investment Decision (FID) for the development of the Ubeta gas field.
- [Aramco and NextDecade announce Heads of Agreement for offtake of LNG from Rio Grande LNG Facility](https://www.oilandgasadvancement.com/news/aramco-and-nextdecade-announce-heads-of-agreement-for-offtake-of-lng-from-rio-grande-lng-facility/) - Aramco nd NextDecade Corporation announced that their respective subsidiaries have executed a non-binding Heads of Agreement (HoA) for a 20-year liquefied natural gas sale and purchase agreement.
- [TechnipFMC, Sulzer Flow Equipment collaborate on subsea CO2 pump solutions for Petrobras FPSO](https://www.oilandgasadvancement.com/news/technipfmc-sulzer-flow-equipment-collaborate-on-subsea-co2-pump-solutions-for-petrobras-fpso/) - Sulzer Flow Equipment has been selected by TechnipFMC to collaborate in developing new subsea CO2 pump solutions for new technologies.
- [2023 EU Natural Gas Demand Hits Its Lowest In 15 Years](https://www.oilandgasadvancement.com/news/2023-eu-natural-gas-demand-hits-its-lowest-in-15-years/) - The demand for natural gas in the European Union has continued to fall for the second year in a row since 2023, reaching a low position not seen since 2008.
- [$10mn Awarded By US DoE To Promote Emission-Free Technology](https://www.oilandgasadvancement.com/news/10mn-awarded-by-us-doe-to-promote-emission-free-technology/) - Emission Control Treater for which grant is given cuts almost all conventional & methane emissions from oil & gas production sites, including routine flaring.
- [Intention To Limit Oil And Gas Emissions May Cost Canada](https://www.oilandgasadvancement.com/news/intention-to-limit-oil-and-gas-emissions-may-cost-canada/) - The strict emissions reduction plan may go on to cause the traditional oil and gas output to drop by 17%, which would mean 51,000 jobs would be lost annually.
- [Exploration In The Equatorial Margin In Brazil Sees Debate](https://www.oilandgasadvancement.com/news/exploration-in-the-equatorial-margin-in-brazil-sees-debate/) - Debates on the prospecting for oil in geologically potential but sensitive Equatorial Margin in Brazil are sparking public disputes between federal officials.
- [EU Passes Law Placing Methane Emissions Cap On Gas Imports](https://www.oilandgasadvancement.com/news/eu-passes-law-placing-methane-emissions-cap-on-gas-imports/) - Countries that make up the European Union has passed a regulation limiting the amount of methane emissions that can be imported into Europe starting in 2030.
- [Germany, Austria, Italy To Build Southern Hydrogen Corridor](https://www.oilandgasadvancement.com/news/germany-austria-italy-to-build-southern-hydrogen-corridor/) - To construct the cross-border hydrogen pipeline infrastructure that would link the EU with Africa, the three member countries have jointly signed a declaration.
- [Net Zero Operations Adoption Altering Businesses For Good](https://www.oilandgasadvancement.com/news/net-zero-operations-adoption-altering-businesses-for-good/) - The oil and gas industry has the chance to cut its Scope 1 and 2 emissions and acquire the essential technologies required to reach the net-zero objective.
- [North Sea Oil & Gas Operators Push Decarbonization Standards](https://www.oilandgasadvancement.com/news/north-sea-oil-gas-operators-push-decarbonization-standards/) - To reduce their lifetime CO2 emissions by up to 32 million tons, North Sea operators have the option to invest up to £3 billion in 14 significant projects.
- [CapturePoint Announces Agreements with Energy Transfer for Carbon Capture and Storage in Louisiana](https://www.oilandgasadvancement.com/press-releases/capturepoint-announces-agreements-with-energy-transfer-for-carbon-capture-and-storage-in-louisiana/) - CapturePoint LLC and affiliate CapturePoint announced the signing of a revised LOI with an affiliate of Energy Transfer LP that provides for the joint development of a carbon capture and permanent deep underground storage project in Louisiana.
- [Honeywell And Weatherford Partner To Deliver A New Emissions Management Solution For The Oil And Gas Industry](https://www.oilandgasadvancement.com/press-releases/honeywell-and-weatherford-partner-to-deliver-a-new-emissions-management-solution-for-the-oil-and-gas-industry/) - Honeywell and Weatherford announced a partnership to deliver a comprehensive emissions management solution for the energy industry.
- [Valeura progressing drilling operations offshore Thailand](https://www.oilandgasadvancement.com/news/valeura-progressing-drilling-operations-offshore-thailand/) - Valeura Energy has outlined a planned development program on its offshore licenses in the Gulf of Thailand. 
- [Air Products Membrane Solutions Announces New PRISM GreenSep LNG Membrane Separator for bio-LNG Production](https://www.oilandgasadvancement.com/news/air-products-membrane-solutions-announces-new-prism-greensep-lng-membrane-separator-for-bio-lng-production/) - Air Products , the global leader in the production of gas separation and purification membranes announced the launch of the new PRISM® GreenSep liquefied natural gas (LNG) membrane separator for bio-LNG production.
- [NOV inks contract to use heated pipe technology for Black Sea gas project](https://www.oilandgasadvancement.com/news/nov-inks-contract-to-use-heated-pipe-technology-for-black-sea-gas-project/) - NOV’s Subsea Production Systems business unit signed a contract in March with an undisclosed customer to deliver an actively heated flexible pipe system for a gas project in the Black Sea.
- [ABS awards AIP to two critical AI-based autonomous function on proposed offshore platform at OTC 2024](https://www.oilandgasadvancement.com/news/abs-awards-aip-to-two-critical-ai-based-autonomous-function-on-proposed-offshore-platform-at-otc-2024/) - ABS awarded approval in principle (AIP) to two critical autonomous functions on a proposed offshore platform in the latest phase of its pioneering collaboration with HD Hyundai Group.
- [Equinor Completes Drilling of Appraisal Well in Wisting Discovery](https://www.oilandgasadvancement.com/news/equinor-completes-drilling-of-appraisal-well-in-wisting-discovery/) - Equinor has completed the drilling of an appraisal well in the Wisting discovery. The company’s aim with the well 7324/7-4 in the Barents Sea was to acquire data on the reservoir and cap rock, for use in ongoing evaluation and development of the discover
- [Enbridge Seeks to Grow Shipping Capacity of Oil Pipeline Serving Texas Hub](https://www.oilandgasadvancement.com/press-releases/enbridge-seeks-to-grow-shipping-capacity-of-oil-pipeline-serving-texas-hub/) - Enbridge Inc. is offering up new space on a crude pipeline running to the Texas oil port of Corpus Christi, a top exporting hub that’s currently suffering from constrained pipeline capacity.
- [SLB OneSubsea, Subsea7 team up with Equinor to advance Wisting, Bay Du Nord projects in Canada](https://www.oilandgasadvancement.com/news/slb-onesubsea-subsea7-team-up-with-equinor-to-advance-wisting-bay-du-nord-projects-in-canada/) - SLB OneSubsea, Subsea7 team up with Equinor to advance Wisting, Bay Du Nord projects in CanadaSLB has recently announced a significant collaboration with Equinor ASA, marking a new chapter in advancing two major offshore projects:
- [TotalEnergies and SINOPEC sign cooperation deal on climate efforts](https://www.oilandgasadvancement.com/press-releases/totalenergies-and-sinopec-sign-cooperation-deal-on-climate-efforts/) - TotalEnergies, represented by Patrick Pouyanné, Chairman and CEO, and China Petroleum and Chemical Corporation (“SINOPEC”), represented by Ma Yongsheng, Chairman, signed a strategic cooperation agreement to deepen their collaboration, notably in low-carbon energies.
- [ExxonMobil completes acquisition of Pioneer Natural Resources](https://www.oilandgasadvancement.com/market-reports/exxonmobil-completes-acquisition-of-pioneer-natural-resources/) - The merger of ExxonMobil and Pioneer creates an Unconventional business with the largest, high-return development potential in the Permian Basin.
- [TAQA launches patented torsional drilling technology for oil and gas operators](https://www.oilandgasadvancement.com/news/taqa-launches-patented-torsional-drilling-technology-for-oil-and-gas-operators/) - TAQA’s Threlix™ is designed to assist operators in mitigating drilling dysfunctions across multiple axis in Rotary Steerable Systems applications, improving drilling efficiency and cost reduction
- [Nabors unveils Nabors Integra Surface Services for enhanced drilling efficiency](https://www.oilandgasadvancement.com/press-releases/nabors-unveils-nabors-integra-surface-services-for-enhanced-drilling-efficiency/) - Nabors unveils Nabors Integra Surface Services for enhanced drilling efficiency
- [ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition](https://www.oilandgasadvancement.com/market-reports/exxonmobil-doubles-permian-footprint-after-finalizing-pioneer-acquisition/) - ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition
- [UK boosts energy security with 31 new oil and gas licenses](https://www.oilandgasadvancement.com/news/uk-boosts-energy-security-with-31-new-oil-and-gas-licenses/) - The North Sea Transition Authority (NSTA) has announced the allocation of 31 new oil and gas licenses, marking a significant step towards reinforcing energy security in the UK, says Offshore Energies UK (OEUK).
- [Tupi oil and gas field offshore Brazil reaches 2.6 Bboe of production on 15-year anniversary](https://www.oilandgasadvancement.com/press-releases/tupi-oil-and-gas-field-offshore-brazil-reaches-2-6-bboe-of-production-on-15-year-anniversary/) - Tupi is the country’s largest producing field, with an average volume of 850,000 bopd, accounting for 20% of the total produced in Brazil, according to Petrobras.
- [ConocoPhillips begins oil production from $1.2 billion Eldfisk North project in North Sea ahead of schedule](https://www.oilandgasadvancement.com/news/conocophillips-begins-oil-production-from-1-2-billion-eldfisk-north-project-in-north-sea-ahead-of-schedule/) - The licensees of the Eldfisk Field, operated by ConocoPhillips Skandinavia AS, announced successful first oil production on the Eldfisk North Project, in the Greater Ekofisk Area of the North Sea
- [bp begins oil production from major new platform offshore Azerbaijan](https://www.oilandgasadvancement.com/news/bp-begins-oil-production-from-major-new-platform-offshore-azerbaijan/) - bp announced the start-up of oil production from the new Azeri Central East (ACE) platform as part of the ACG field development in the Azerbaijan sector of the Caspian Sea.
- [Aramco awards $7.7 billion contracts to add 1.5 bscfd of raw gas to Fadhili Gas Plant](https://www.oilandgasadvancement.com/news/aramco-awards-7-7-billion-contracts-to-add-1-5-bscfd-of-raw-gas-to-fadhili-gas-plant/) - Aramco awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia
- [Aramco and Rongsheng explore new opportunities in KSA and China](https://www.oilandgasadvancement.com/press-releases/aramco-and-rongsheng-explore-new-opportunities-in-ksa-and-china/) - Aramco is exploring the formation of a joint venture in the Saudi Aramco Jubail Refinery with Chinese partner Rongsheng Petrochemical Co. Ltd and significant investments in the Saudi and Chinese petrochemical sectors, in partnership with Rongsheng.
- [Kazakhstan go-ahead for Middle East player to help boost major project](https://www.oilandgasadvancement.com/news/kazakhstan-go-ahead-for-middle-east-player-to-help-boost-major-project/) - Kazakhstan has stepped up efforts to secure investment from the Middle East, as the country’s oil and gas sector struggles to remain an attractive target for Western majors.
- [Mozambique FLNG vessel reaches production milestone](https://www.oilandgasadvancement.com/news/mozambique-flng-vessel-reaches-production-milestone/) - US-based Air Products said its dual mixed refrigerant LNG process technology and equipment, which has been deployed at Eni’s Coral Sul (South) FLNG in Mozambique, has passed its performance test achieving LNG production above 3.4 million tons per year.
- [Honeywell Provides Ready-Now Technologies For Methane Abatement](https://www.oilandgasadvancement.com/press-releases/honeywell-provides-ready-now-technologies-for-methane-abatement/) - INDIA, 2 May, 2024 - Honeywell (NASDAQ: HON) reinforced its commitment to helping customers reduce greenhouse gases in hard to abate industries such as oil and gas production and hydrocarbon dependent
- [US Court Upholds The 2022 Onshore Oil & Gas Lease Sales](https://www.oilandgasadvancement.com/news/us-court-upholds-the-2022-onshore-oil-gas-lease-sales/) - Western Energy Alliance in US won a significant victory in court which upheld first onshore oil and gas lease sales of Biden administration, held in June 2022.
- [The Global LNG Market May Split In Case of EU Carbon Tax](https://www.oilandgasadvancement.com/news/the-global-lng-market-may-split-in-case-of-eu-carbon-tax/) - Global liquefied natural gas market may as well be transformed and be bifurcated if the EU goes on to extend its carbon taxes so as to include the LNG imports.
- [The US Natural Gas Export Pause Is Going To Be Short-Lived](https://www.oilandgasadvancement.com/news/the-us-natural-gas-export-pause-is-going-to-be-short-lived/) - Pause which was announced in January 2024 on Natural gas exports from the new projects is likely to be lifted at the end of the year, says energy secretary.
- [Despite Low Natural Gas Costs, US Gas Producers Stay Bullish](https://www.oilandgasadvancement.com/news/despite-low-natural-gas-costs-us-gas-producers-stay-bullish/) - Despite an excess of natural gas on the market, the US pipeline operators and producers feel that the demand for gas will persist, domestically and abroad.
- [As Refining Ramps Up, US Crude & Gasoline Stockpiles Fall](https://www.oilandgasadvancement.com/news/as-refining-ramps-up-us-crude-gasoline-stockpiles-fall/) - As per the Energy Information Administration- EIA, the US crude stockpiles fell as the refiners continued to increase the activity and the exports also rose.
- [Options To Step Up Gas Exports From Russia To China Sought](https://www.oilandgasadvancement.com/news/options-to-step-up-gas-exports-from-russia-to-china-sought/) - To help its export commitments to China, Russia has begun building a multi-billion-dollar gas supply pipeline so as to expand its sources of gas supplies.
- [With A Budget Boost, Russian Oil & Gas Earnings See A Jump](https://www.oilandgasadvancement.com/news/with-a-budget-boost-russian-oil-gas-earnings-see-a-jump/) - In February 2024, the entire amount of revenue that was collected from taxes on Russian oil and gas was $10.4bn, which contributed to the increase in revenue.
- [QatarEnergy enters new exploration block offshore South Africa](https://www.oilandgasadvancement.com/news/qatarenergy-enters-new-exploration-block-offshore-south-africa/) - QatarEnergy and TotalEnergies have signed a farm-in agreement with Africa Oil Corporation, Ricocure, and Eco Atlantic Oil & Gas to acquire participating interests in Block 3B/4B, offshore South Africa.
- [chevron announces its first solar-to-hydrogen production project in californias central valley](https://www.oilandgasadvancement.com/press-releases/chevron-announces-its-first-solar-to-hydrogen-production-project-in-californias-central-valley/) - chevron announces its first solar-to-hydrogen production project in californias central valley
- [Petrofac extends Turkmengas relationship with Galkynysh Gas Field operations support contract](https://www.oilandgasadvancement.com/press-releases/petrofac-extends-turkmengas-relationship-with-galkynysh-gas-field-operations-support-contract/) - Petrofac extends Turkmengas relationship with Galkynysh Gas Field operations support contract
- [Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion](https://www.oilandgasadvancement.com/market-reports/petrobras-achieves-second-highest-profit-in-history-in-2023-r-124-6-billion/) - Petrobras achieves second highest profit in history in 2023: R$ 124.6 billion
- [TotalEnergies expands its presence in the Orange Basin with a new offshore Exploration license](https://www.oilandgasadvancement.com/market-reports/totalenergies-expands-its-presence-in-the-orange-basin-with-a-new-offshore-exploration-license/) - TotalEnergies expands its presence in the Orange Basin with a new offshore Exploration license
- [Aramco adds significant volumes to proven gas and condensate reserves at Jafurah unconventional field](https://www.oilandgasadvancement.com/news/aramco-adds-significant-volumes-to-proven-gas-and-condensate-reserves-at-jafurah-unconventional-field/) - Aramco adds significant volumes to proven gas and condensate reserves at Jafurah unconventional field
- [Castrol launches new hydraulic control fluid for subsea production systems](https://www.oilandgasadvancement.com/press-releases/castrol-launches-new-hydraulic-control-fluid-for-subsea-production-systems/) - Castrol has launched Transaqua SP-HC, a new hydraulic control fluid under its Transaqua range. The fluid has been formulated for use as the control fluid in subsea production control systems, delivering all-round subsea production system protection.
- [UK's PHE and Australias National H2 link up for multiple hydrogen projects](https://www.oilandgasadvancement.com/news/uks-phe-and-australias-national-h2-link-up-for-multiple-hydrogen-projects/) - UK's PHE and Australias National H2 link up for multiple hydrogen projects
- [Worley wins FEED contract for hydrogen and methanol project in Tasmania](https://www.oilandgasadvancement.com/news/worley-wins-feed-contract-for-hydrogen-and-methanol-project-in-tasmania/) - Worley wins FEED contract for hydrogen and methanol project in Tasmania
- [ADNOC Drilling to expand rig network, operations across Middle East](https://www.oilandgasadvancement.com/news/adnoc-drilling-to-expand-rig-network-operations-across-middle-east/) - ADNOC Drilling to expand rig network, operations across Middle East
- [Morgan E&P achieves oil production from Bakken wells following drilling campaign](https://www.oilandgasadvancement.com/press-releases/morgan-ep-achieves-oil-production-from-bakken-wells-following-drilling-campaign/) - Morgan E&P achieves oil production from Bakken wells following drilling campaign
- [TGS and SLB Announce Engagement Phase 5 in the U.S. Gulf of Mexico](https://www.oilandgasadvancement.com/news/tgs-and-slb-announce-engagement-phase-5-in-the-u-s-gulf-of-mexico/) - TGS and SLB Announce Engagement Phase 5 in the U.S. Gulf of Mexico
- [Shell Expands Leading Position in the Norphlet with Rydberg](https://www.oilandgasadvancement.com/news/shell-expands-leading-position-in-the-norphlet-with-rydberg/) - Shell Expands Leading Position in the Norphlet with Rydberg
- [EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast](https://www.oilandgasadvancement.com/news/enlink-midstream-exploring-additional-carbon-transportation-opportunities-with-exxonmobil-to-reduce-emissions-in-the-gulf-coast/) - EnLink Midstream Exploring Additional Carbon Transportation Opportunities with ExxonMobil to Reduce Emissions in the Gulf Coast
- [GTA LNG project reaches major milestone with arrival of FLNG vessel](https://www.oilandgasadvancement.com/news/gta-lng-project-reaches-major-milestone-with-arrival-of-flng-vessel/) - The floating liquefied natural gas (FLNG) vessel that is a core component of the Greater Tortue Ahmeyim (GTA) LNG project has arrived at its destination on the Mauritania and Senegal maritime border.
- [BP and ADNOC to form gas joint venture in Egypt](https://www.oilandgasadvancement.com/news/bp-and-adnoc-to-form-gas-joint-venture-in-egypt/) - ADNOC and bp announce that they have agreed to form a new joint venture (JV) in Egypt. The JV (51% bp and 49% ADNOC) will combine the pair’s deep technical capabilities and proven track records as it aims to grow a highly competitive gas portfolio.
- [TotalEnergies, the Automobile Club de lOuest and Le Mans Endurance Management Extend Their Partnership to 2028](https://www.oilandgasadvancement.com/news/totalenergies-the-automobile-club-de-louest-and-le-mans-endurance-management-extend-their-partnership-to-2028/) - TotalEnergies, the Automobile Club de lOuest and Le Mans Endurance Management Extend Their Partnership to 2028
- [Scanunit helps ferry Aurora in first PFAS/PFOS conversion](https://www.oilandgasadvancement.com/news/scanunit-helps-ferry-aurora-in-first-pfas-pfos-conversion/) - Maritime engineering specialist Scanunit has carried out what it believes is the world’s first replacement and decontamination of a PFAS/PFOS1 foam firefighting system on a commercial vessel.
- [SLB and Equinor Drill Most Autonomous Well Section To-Date](https://www.oilandgasadvancement.com/news/slb-and-equinor-drill-most-autonomous-well-section-to-date/) - SLB and Equinor Drill Most Autonomous Well Section To-Date
- [TotalEnergies and ONGC in India Join Forces to Detect and Measure Methane Emissions](https://www.oilandgasadvancement.com/news/totalenergies-and-ongc-in-india-join-forces-to-detect-and-measure-methane-emissions/) - TotalEnergies and ONGC in India Join Forces to Detect and Measure Methane Emissions
- [TotalEnergies and Vantage enter into a 75/25 joint venture owning the Tungsten Explorer drillship](https://www.oilandgasadvancement.com/news/totalenergies-and-vantage-enter-into-a-75-25-joint-venture-owning-the-tungsten-explorer-drillship/) - TotalEnergies and Vantage enter into a 75/25 joint venture owning the Tungsten Explorer drillship
- [ChampionX Introduces ESP Control System for Unconventional Wells](https://www.oilandgasadvancement.com/news/championx-introduces-esp-control-system-for-unconventional-wells/) - ChampionX Introduces ESP Control System for Unconventional Wells
- [Technip Energies Norwegian Entity KANFA Awarded Carbon Centrics First Carbon Capture Project in Norway](https://www.oilandgasadvancement.com/news/technip-energies-norwegian-entity-kanfa-awarded-carbon-centrics-first-carbon-capture-project-in-norway/) - Technip Energies Norwegian Entity KANFA Awarded Carbon Centrics First Carbon Capture Project in Norway
- [Eni moves ahead with conversion of the Livorno refinery into a bio-refinery](https://www.oilandgasadvancement.com/news/eni-moves-ahead-with-conversion-of-the-livorno-refinery-into-a-bio-refinery/) - Eni moves ahead with conversion of the Livorno refinery into a bio-refinery
- [Shell agrees to sell Nigerian onshore subsidiary, SPDC](https://www.oilandgasadvancement.com/news/shell-agrees-to-sell-nigerian-onshore-subsidiary-spdc/) - Shell agrees to sell Nigerian onshore subsidiary, SPDC
- [chevron direct investment fund ltd. confirms Kazakh investments](https://www.oilandgasadvancement.com/news/chevron-direct-investment-fund-ltd-confirms-kazakh-investments/) - chevron direct investment fund ltd. confirms Kazakh investments
- [Dubai To Reduce Its Carbon Emissions By 6.5mn Tonnes A Year](https://www.oilandgasadvancement.com/news/dubai-to-reduce-its-carbon-emissions-by-6-5mn-tonnes-a-year/) - Solar Park near Dubai owned by DEWA looks to produce 5,000 MW of energy from renewable sources by 2030 thereby reducing 6.5mn tonnes carbon emissions per year.
- [Natural Gas Supplies By Oman Raised To 29bn Cubic Metres](https://www.oilandgasadvancement.com/news/natural-gas-supplies-by-oman-raised-to-29bn-cubic-metres/) - The figures till November suggest that the natural gas supplies in Oman have got raised to 29bn cubic metres with supplies to industrial estates and projects.
- [Clean Hydrogen Production Guidelines Published By The US](https://www.oilandgasadvancement.com/news/clean-hydrogen-production-guidelines-published-by-the-us/) - Now that the guidelines have been published, developers will have to meet the criteria when it comes to qualifying for hydrogen tax credits up to $3 per kg.
- [Transportation Oil & Gas Congress (TOGC 2024): The roles of pipelines in energy transition](https://www.oilandgasadvancement.com/news/transportation-oil-gas-congress-togc-2024-the-roles-of-pipelines-in-energy-transition/) - During TOGC 2024, in frames of the executive opening panel dedicated to the role of pipelines in energy transition, speakers are going to present projects on new markets, discuss sustainability goals, as well as pipelines and alternative fuels.
- [Saipem scores $1.9 billion contract wins offshore Guyana and Brazil](https://www.oilandgasadvancement.com/news/saipem-scores-1-9-billion-contract-wins-offshore-guyana-and-brazil/) - Saipem scores $1.9 billion contract wins offshore Guyana and Brazil
- [Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europes CCUS market](https://www.oilandgasadvancement.com/news/five-eu-countries-strengthen-carbon-capture-and-storage-bonds-with-new-declaration-paving-the-way-for-europes-ccus-market/) - Five EU countries strengthen carbon capture and storage bonds with new declaration, paving the way for Europes CCUS market
- [OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion](https://www.oilandgasadvancement.com/news/opec-to-participate-in-upcoming-un-climate-change-conference-in-dubai-and-host-a-special-pavilion/) - OPEC to participate in upcoming UN Climate Change Conference in Dubai and host a special pavilion
- [DNV approves F550 TMCP toughcore for LCO2 transport and storage](https://www.oilandgasadvancement.com/press-releases/dnv-approves-f550-tmcp-toughcore-for-lco2-transport-and-storage/) - Classification society DNV has granted voestalpine Grobblech a new AOM Certificate for its F550 TMCP toughcore® for liquefied carbon dioxide (LCO2) transport, marking a significant milestone in the world of carbon-steel materials.
- [ConocoPhillips puts plans into play to undertake multiple seabed surveys and offshore drilling ops](https://www.oilandgasadvancement.com/press-releases/conocophillips-puts-plans-into-play-to-undertake-multiple-seabed-surveys-and-offshore-drilling-ops/) - ConocoPhillips puts plans into play to undertake multiple seabed surveys and offshore drilling ops
- [AD Ports expands shipping operations in Kazakhstan with tanker pair](https://www.oilandgasadvancement.com/news/ad-ports-expands-shipping-operations-in-kazakhstan-with-tanker-pair/) - AD Ports expands shipping operations in Kazakhstan with tanker pair
- [Viking CCS project gets green light for onshore CO2 transportation pipeline](https://www.oilandgasadvancement.com/news/viking-ccs-project-gets-green-light-for-onshore-co2-transportation-pipeline/) - Viking CCS project gets green light for onshore CO2 transportation pipeline
- [NOG expands Permian presence, enters Ohio Utica shale with $170 million acquisitions](https://www.oilandgasadvancement.com/market-reports/nog-expands-permian-presence-enters-ohio-utica-shale-with-170-million-acquisitions/) - NOG expands Permian presence, enters Ohio Utica shale with $170 million acquisitions
- [Saipem awarded two offshore contracts worth approximately 1.9 billion USD](https://www.oilandgasadvancement.com/news/saipem-awarded-two-offshore-contracts-worth-approximately-1-9-billion-usd/) - Saipem has been awarded two offshore contracts, one in Guyana and the other in Brazil, worth approximately 1.9 billion USD.
- [Aramco produces first unconventional tight gas at South Ghawar](https://www.oilandgasadvancement.com/news/aramco-produces-first-unconventional-tight-gas-at-south-ghawar-2/) - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule
- [Aramco produces first unconventional tight gas at South Ghawar](https://www.oilandgasadvancement.com/news/aramco-produces-first-unconventional-tight-gas-at-south-ghawar/) - Aramco, one of the world’s leading integrated energy and chemicals companies, has successfully produced the first unconventional tight gas from its South Ghawar operational area two months ahead of schedule
- [Petrobras Initiates Green Decommissioning for P-32 Platform](https://www.oilandgasadvancement.com/news/petrobras-initiates-green-decommissioning-for-p-32-platform/) - Petrobras Initiates Green Decommissioning for P-32 Platform
- [Beach Energy Advances Subsea Operations to Bring Two Gas Wells Online](https://www.oilandgasadvancement.com/news/beach-energy-advances-subsea-operations-to-bring-two-gas-wells-online/) - Beach Energy Advances Subsea Operations to Bring Two Gas Wells Online
- [G7 Confirms Maintaining The Russian Oil Price Cap At $60](https://www.oilandgasadvancement.com/news/g7-confirms-maintaining-the-russian-oil-price-cap-at-60/) - Despite rise in global crude oil prices, G7 coalition has decided to maintain the Russian oil price cap at $60 per barrel in order to lower revenue of Russia.
- [IEA Critical Minerals and Clean Energy Summit delivers six key actions for secure, sustainable and responsible supply chains](https://www.oilandgasadvancement.com/news/iea-critical-minerals-and-clean-energy-summit-delivers-six-key-actions-for-secure-sustainable-and-responsible-supply-chains/) - IEA Critical Minerals and Clean Energy Summit delivers six key actions for secure, sustainable and responsible supply chains
- [Proman, Mitsubishi sign MoU to develop world-scale ultra low-carbon ammonia plant in Lake Charles, USA](https://www.oilandgasadvancement.com/news/proman-mitsubishi-sign-mou-to-develop-world-scale-ultra-low-carbon-ammonia-plant-in-lake-charles-usa/) - Proman, Mitsubishi sign MoU to develop world-scale ultra low-carbon ammonia plant in Lake Charles, USA
- [bp's Archaea Energy achieves major milestone, brings online first of its kind renewable natural gas plant](https://www.oilandgasadvancement.com/press-releases/bps-archaea-energy-achieves-major-milestone-brings-online-first-of-its-kind-renewable-natural-gas-plant/) - bps Archaea Energy achieves major milestone, brings online first of its kind renewable natural gas plant
- [Bumi Armada unveils new FLNG concept in response to rising gas demand](https://www.oilandgasadvancement.com/news/bumi-armada-unveils-new-flng-concept-in-response-to-rising-gas-demand/) - Bumi Armada unveils new FLNG concept in response to rising gas demand
- [Var Energi revamps oil spill detection technology on assets off Norway](https://www.oilandgasadvancement.com/news/var-energi-revamps-oil-spill-detection-technology-on-assets-off-norway/) - Var Energi revamps oil spill detection technology on assets off Norway
- [Marathon Oil and Glencore ink LNG sales agreement in Equatorial Guinea](https://www.oilandgasadvancement.com/news/marathon-oil-and-glencore-ink-lng-sales-agreement-in-equatorial-guinea/) - Marathon Oil has entered into an LNG sales agreement with Glencore for the Alba field in Equatorial Guinea, effective from next year.
- [Eni and UK outline key terms for CO2 transport and storage at HyNet North West](https://www.oilandgasadvancement.com/press-releases/eni-and-uk-outline-key-terms-for-co2-transport-and-storage-at-hynet-north-west/) - Eni and UK outline key terms for CO2 transport and storage at HyNet North West
- [Wintershall Dea expands Algerian presence by increasing interest in major natural gas project](https://www.oilandgasadvancement.com/press-releases/wintershall-dea-expands-algerian-presence-by-increasing-interest-in-major-natural-gas-project/) - Wintershall Dea expands Algerian presence by increasing interest in major natural gas project
- [Tourmaline to increase natural gas production with $1.1 billion Bonavista acquisition](https://www.oilandgasadvancement.com/news/tourmaline-to-increase-natural-gas-production-with-1-1-billion-bonavista-acquisition/) - Tourmaline to increase natural gas production with $1.1 billion Bonavista acquisition
- [Equinor and OMV agree new long-term gas sales agreement](https://www.oilandgasadvancement.com/news/equinor-and-omv-agree-new-long-term-gas-sales-agreement/) - Equinor and OMV agree new long-term gas sales agreement
- [Kolibri wells in Oklahoma's Tishomingo field producing over 600 boed](https://www.oilandgasadvancement.com/news/kolibri-wells-in-oklahomas-tishomingo-field-producing-over-600-boed/) - Kolibri wells in Oklahoma's Tishomingo field producing over 600 boed
- [Exxon, Amazon awarded slice of $7 billion federal funding for U.S. hydrogen projects](https://www.oilandgasadvancement.com/news/exxon-amazon-awarded-slice-of-7-billion-federal-funding-for-u-s-hydrogen-projects/) - Exxon, Amazon awarded slice of $7 billion federal funding for U.S. hydrogen projects
- [QatarEnergy signs long-term LNG supply deal with TotalEnergies](https://www.oilandgasadvancement.com/press-releases/qatarenergy-signs-long-term-lng-supply-deal-with-totalenergies/) - The Qatar Government-backed company and TotalEnergies have signed two long-term LNG sale and purchase agreements for a duration of 27 years.
- [NG Energy expects eight-fold increase in Colombian natural gas production in 2024](https://www.oilandgasadvancement.com/news/ng-energy-expects-eight-fold-increase-in-colombian-natural-gas-production-in-2024/) - NG Energy expects eight-fold increase in Colombian natural gas production in 2024
- [TGS extends 3D survey in Midland basin to develop emerging oil, gas zones](https://www.oilandgasadvancement.com/news/tgs-extends-3d-survey-in-midland-basin-to-develop-emerging-oil-gas-zones/) - TGS extends 3D survey in Midland basin to develop emerging oil, gas zones
- [TAG Oil begins drilling campaign onshore Egypt](https://www.oilandgasadvancement.com/news/tag-oil-begins-drilling-campaign-onshore-egypt/) - TAG Oil begins drilling campaign onshore Egypt
- [Ozona expands carbon capture efforts in Permian basin, aims for Q1 2026 injection wells](https://www.oilandgasadvancement.com/news/ozona-expands-carbon-capture-efforts-in-permian-basin-aims-for-q1-2026-injection-wells/) - Ozona expands carbon capture efforts in Permian basin, aims for Q1 2026 injection wells
- [Vitesse Energy acquires $50 million in oil, gas interests in North Dakotas Williston basin](https://www.oilandgasadvancement.com/news/vitesse-energy-acquires-50-million-in-oil-gas-interests-in-north-dakotas-williston-basin/) - Vitesse Energy acquires $50 million in oil, gas interests in North Dakotas Williston basin
- [COP28 Boss Says 2050 Net Zero Goal Has Oil Firms Support](https://www.oilandgasadvancement.com/news/cop28-boss-says-2050-net-zero-goal-has-oil-firms-support/) - COP28 president has confirmed that over 20 companies from oil and gas have shown support to his efforts so as to curb carbon emissions ahead of the summit.
- [The UK Rethinking Oil Vs. Green Energy For Energy Security](https://www.oilandgasadvancement.com/news/the-uk-rethinking-oil-vs-green-energy-for-energy-security/) - Oil and gas projects in the UK risk energy security, and hinder green growth, alongside damaging its climate reputation, as the world shifts towards renewables.
- [Offshore Oil Lease Plan By Biden Sparks Climate Concerns](https://www.oilandgasadvancement.com/news/offshore-oil-lease-plan-by-biden-sparks-climate-concerns/) - The offshore oil and gas lease plan by the Biden administration draws criticism for its environmental impact, despite claims of aligning with climate goals.
- [$12 Trillion Funding A Need To Avoid Price Surge - OPEC Boss](https://www.oilandgasadvancement.com/news/12-trillion-funding-a-need-to-avoid-price-surge-opec-boss/) - Due to production cuts by OPEC, there has been a considerable price rise and as demand rises, a minimum of $12 trillion funding is needed to slash the rates.
- [Further Investment In Oil And Gas Sector Aspired By OPEC](https://www.oilandgasadvancement.com/news/further-investment-in-oil-and-gas-sector-aspired-by-opec/) - The demand for oil and gas still remains quite resilient in 2023 and with a forecast for a growing demand, more investment can be productive, opines OPEC.
- [Saudi Arabia To Ease Production Cuts To Avoid Oil Price Hike](https://www.oilandgasadvancement.com/news/saudi-arabia-to-ease-production-cuts-to-avoid-oil-price-hike/) - Oil prices surged due to cuts and falling inventories and are at multi-month highs; Saudi Arabia may ease production cuts sooner to prevent market overheating.
- [Anticipated $4.21 Billion Growth In AI Adoption In Oil & Gas](https://www.oilandgasadvancement.com/news/anticipated-4-21-billion-growth-in-ai-adoption-in-oil-gas/) - AI integration is reshaping the oil and gas industry, driving efficiency, safety, and profitability, with a projected market worth of $4.21 billion by 2028.
- [ADNOC awards Petrofac $615m carbon capture projects contract](https://www.oilandgasadvancement.com/news/adnoc-awards-petrofac-615m-carbon-capture-projects-contract/) - ADNOC Gas has awarded a $615m (Dhs2.26bn) contract for the Habshan carbon capture and storage project, as part of the Abu Dhabi-based energy giant’s broader decarbonisation plan.
- [ConocoPhillips to Further Diversify Global LNG Portfolio with Additional Long-Term Agreement for European Regas Capacity](https://www.oilandgasadvancement.com/news/conocophillips-to-further-diversify-global-lng-portfolio-with-additional-long-term-agreement-for-european-regas-capacity/) - ConocoPhillips announced further progress on its global liquefied natural gas (LNG) strategy, signing a commercial agreement to secure additional regasification capacity in Europe
- [Ducab Group secured 30 major contracts in oil and gas sector in 2023](https://www.oilandgasadvancement.com/press-releases/ducab-group-secured-30-major-contracts-in-oil-and-gas-sector-in-2023/) - Ducab Group announced that it had produced and supplied more than 10 billion metres of cable products in 2023 alone, in addition to securing 30 major contracts within the OGP ector.
- [Thai oil firm PTTEP may seek extension for Myanmar gas fields](https://www.oilandgasadvancement.com/press-releases/thai-oil-firm-pttep-may-seek-extension-for-myanmar-gas-fields/) - Thai oil and gas giant PTT Exploration and Production (PTTEP) may extend its contracts for two gas fields in neighbouring Myanmar when one ends in 2028 and the other in about 20 years, its chief executive said.
- [Eni boosts Indonesia exposure with big gas discovery](https://www.oilandgasadvancement.com/press-releases/eni-boosts-indonesia-exposure-with-big-gas-discovery-2/) - Eni announced that a big gas discovery in Indonesia, opening the door to a strengthening of its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.
- [TotalEnergies and Borealis Start Up Baystar JV Polyethylene Unit](https://www.oilandgasadvancement.com/press-releases/totalenergies-and-borealis-start-up-baystar-jv-polyethylene-unit/) - TotalEnergies and Borealis celebrate the start-up of their Baystar joint venture’s new 625,000 metric ton-per-year Borstar® polyethylene (PE) unit, which more than doubles the current production capacity at Baystar’s site in Bayport, Texas.
- [Aramco to enter global LNG business by acquiring stake in MidOcean Energy](https://www.oilandgasadvancement.com/market-reports/aramco-to-enter-global-lng-business-by-acquiring-stake-in-midocean-energy/) - Aramco, one of the world’s leading integrated energy and chemicals companies, has signed definitive agreements to acquire a strategic minority stake in MidOcean Energy for $500 million.
- [SLB, Aker Solutions, Subsea7 to drive subsea production innovation with joint venture closure](https://www.oilandgasadvancement.com/news/slb-aker-solutions-subsea7-to-drive-subsea-production-innovation-with-joint-venture-closure/) - SLB, Aker Solutions, Subsea7 to drive subsea production innovation with joint venture closure
- [Halliburton introduces first-of-its-kind  autonomous device to enhance oil, gas recovery](https://www.oilandgasadvancement.com/news/halliburton-introduces-first-of-its-kind-autonomous-device-to-enhance-oil-gas-recovery/) - Halliburton introduces first-of-its-kind autonomous device to enhance oil, gas recovery
- [Eni boosts Indonesia exposure with big gas discovery](https://www.oilandgasadvancement.com/press-releases/eni-boosts-indonesia-exposure-with-big-gas-discovery/) - Eni announced that a big gas discovery in Indonesia, opening the door to a strengthening of its position in the Asian country, where it has been present since 2001 with a portfolio of exploration and production assets.
- [Baker Hughes awarded major LNG contract from Venture Global LNG](https://www.oilandgasadvancement.com/press-releases/baker-hughes-awarded-major-lng-contract-from-venture-global-lng/) - Baker Hughes awarded major LNG contract from Venture Global LNG
- [Oceaneering wins two contracts totaling over $100 million for work offshore Angola, Guyana](https://www.oilandgasadvancement.com/news/oceaneering-wins-two-contracts-totaling-over-100-million-for-work-offshore-angola-guyana/) - Oceaneering International, Inc. announced that its Offshore Projects Group (OPG) segment has been awarded two international contracts, with a combined total value more than $100 million.
- [North Sea oil, gas industry to reach significant milestones due to investment increases, exploration, production success](https://www.oilandgasadvancement.com/news/north-sea-oil-gas-industry-to-reach-significant-milestones-due-to-investment-increases-exploration-production-success/) - North Sea oil, gas industry to reach significant milestones due to investment increases, exploration, production success
- [Oceaneering introduces new USV service for remote survey work at Offshore Europe 2023](https://www.oilandgasadvancement.com/news/oceaneering-introduces-new-usv-service-for-remote-survey-work-at-offshore-europe-2023/) - Oceaneering introduces new USV service for remote survey work at Offshore Europe 2023
- [Azerbaijan: Inauguration of the Absheron gas field](https://www.oilandgasadvancement.com/news/azerbaijan-inauguration-of-the-absheron-gas-field/) - Azerbaijan: Inauguration of the Absheron gas field
- [Equinor awards COSL Offshore Management two drilling contracts worth $369 million](https://www.oilandgasadvancement.com/news/equinor-awards-cosl-offshore-management-two-drilling-contracts-worth-369-million/) - Equinor awards COSL Offshore Management two drilling contracts worth $369 million
- [Cheiron makes new oil discovery in mature Egyptian exploration well](https://www.oilandgasadvancement.com/news/cheiron-makes-new-oil-discovery-in-mature-egyptian-exploration-well/) - Cheiron makes new oil discovery in mature Egyptian exploration well
- [Neptune Energy begins drilling at first Egyptian exploration well](https://www.oilandgasadvancement.com/news/neptune-energy-begins-drilling-at-first-egyptian-exploration-well/) - Neptune Energy begins drilling at first Egyptian exploration well
- [Wintershall Dea, partners safely install additional subsea template for offshore Norwegian oil, gas field](https://www.oilandgasadvancement.com/news/wintershall-dea-partners-safely-install-additional-subsea-template-for-offshore-norwegian-oil-gas-field/) - Wintershall Dea, partners safely install additional subsea template for offshore Norwegian oil, gas field
- [Texas regulator assesses over $2 million in fines against oil, gas operators](https://www.oilandgasadvancement.com/news/texas-regulator-assesses-over-2-million-in-fines-against-oil-gas-operators-2/) - Texas regulator assesses over $2 million in fines against oil, gas operators
- [Texas regulator assesses over $2 million in fines against oil, gas operators](https://www.oilandgasadvancement.com/news/texas-regulator-assesses-over-2-million-in-fines-against-oil-gas-operators/) - Texas regulator assesses over $2 million in fines against oil, gas operators
- [Equinor, Azule Energy partner to advance oil, gas exploration offshore Angola](https://www.oilandgasadvancement.com/news/equinor-azule-energy-partner-to-advance-oil-gas-exploration-offshore-angola/) - Equinor, Azule Energy partner to advance oil, gas exploration offshore Angola
- [TotalEnergies, SOCAR, Azerbaijan leadership meet to inaugurate Absheron natural gas field](https://www.oilandgasadvancement.com/news/totalenergies-socar-azerbaijan-leadership-meet-to-inaugurate-absheron-natural-gas-field/) - TotalEnergies, SOCAR, Azerbaijan leadership meet to inaugurate Absheron natural gas field
- [bp, Eni award Saipem two offshore contracts totaling $700 million](https://www.oilandgasadvancement.com/news/bp-eni-award-saipem-two-offshore-contracts-totaling-700-million/) - Saipem has been awarded two new contracts, the first by Eni Congo and the other by bp, for a total value of around $700 million.
- [Rovco wins offshore wind contract from Flotation Energy](https://www.oilandgasadvancement.com/news/rovco-wins-offshore-wind-contract-from-flotation-energy/) - Rovco wins offshore wind contract from Flotation Energy
- [FL wins $100 million drilling contract for Hercules semi-submersible rig from Equinor](https://www.oilandgasadvancement.com/news/fl-wins-100-million-drilling-contract-for-hercules-semi-submersible-rig-from-equinor/) - FL wins $100 million drilling contract for Hercules semi-submersible rig from Equinor
- [Pioneer Energy, Bayswater successfully test field trial for zero emission oil production system](https://www.oilandgasadvancement.com/news/pioneer-energy-bayswater-successfully-test-field-trial-for-zero-emission-oil-production-system/) - Pioneer Energy, Bayswater successfully test field trial for zero emission oil production system
- [Strike Energy demerges Mongolian assets, escalates Perth basin development with Talon Energy acquisition](https://www.oilandgasadvancement.com/news/strike-energy-demerges-mongolian-assets-escalates-perth-basin-development-with-talon-energy-acquisition/) - Strike Energy demerges Mongolian assets, escalates Perth basin development with Talon Energy acquisition
- [Apache considers pursuing floating LNG site near Guyana Suriname oil discovery](https://www.oilandgasadvancement.com/news/apache-considers-pursuing-floating-lng-site-near-guyana-suriname-oil-discovery/) - Apache considers pursuing floating LNG site near Guyana Suriname oil discovery
- [Prospera Energy launches ten-well modular multi pad infill drilling program to increase production](https://www.oilandgasadvancement.com/news/prospera-energy-launches-ten-well-modular-multi-pad-infill-drilling-program-to-increase-production/) - Prospera Energy launches ten-well modular multi-pad infill drilling program to increase production
- [Sentinel Subsea expands subsea monitoring technology with seven figure contract wins](https://www.oilandgasadvancement.com/news/sentinel-subsea-expands-subsea-monitoring-technology-with-seven-figure-contract-wins/) - Sentinel Subsea expands subsea monitoring technology with seven figure contract wins
- [Ring Energy expands Permian basin assets with Founders Oil & Gas acquisition](https://www.oilandgasadvancement.com/news/ring-energy-expands-permian-basin-assets-with-founders-oil-gas-acquisition/) - Ring Energy expands Permian basin assets with Founders Oil & Gas acquisition
- [Oil, Gas Infra Repair Can Get Faster Courtesy New Software](https://www.oilandgasadvancement.com/news/oil-gas-infra-repair-can-get-faster-courtesy-new-software/) - Advanced Modeller can help in significant reduction when it comes to taking time for creating engineering models for oil and gas platforms, pipeline repairs.
- [Oil, Gas Ops Transformed In The Asia Pacific, Thanks To 5G](https://www.oilandgasadvancement.com/news/oil-gas-ops-transformed-in-the-asia-pacific-thanks-to-5g/) - The 5G deployment within the oil and gas industry of Asia Pacific is not just enhancing the operational efficiency but is also helping with safer practices.
- [Qatar LNG Exports Poised For More Growth With $60.2bn CAPEX](https://www.oilandgasadvancement.com/news/qatar-lng-exports-poised-for-more-growth-with-60-2bn-capex/) - With an estimated CAPEX of almost $60 billion, there are 18 projects in works across the oil-gas sector in Qatar with an aim to increase the exports of LNG.
- [Oil & Gas Licensing Round Lands UK Government In Legal Woes](https://www.oilandgasadvancement.com/news/oil-gas-licensing-round-lands-uk-government-in-legal-woes/) - Greenpeace has decided to take the UK government to court due to launch of the latest round of offshore oil and gas licencing to strengthen energy security.
- [Productivity Boost In Oil And Gas Sector Thanks To Robotics](https://www.oilandgasadvancement.com/news/productivity-boost-in-oil-and-gas-sector-thanks-to-robotics/) - The robotics usage in oil and gas sector in the field of exploration, inspection, creation and safety measures has enhanced productivity and also efficiency.
- [EU Countries Reduce Coal And Gas Usage Amid Energy Crisis](https://www.oilandgasadvancement.com/news/eu-countries-reduce-coal-and-gas-usage-amid-energy-crisis/) - EU nations slashed coal and natural gas consumption for power generation, with a significant 11% decline in the coal-fired generation from Oct 2022 to Mar 2023.
- [Oil & Gas Sector Gains Momentum Amid Slow Energy Transition](https://www.oilandgasadvancement.com/news/oil-gas-sector-gains-momentum-amid-slow-energy-transition/) - Major industry players at the Energy Asia conference asserted that oil and gas would remain primary energy sources for decades, citing a slow energy transition.
- [Asia-Pacific Oil And Gas Sector Faces Fundraising Hurdles](https://www.oilandgasadvancement.com/news/asia-pacific-oil-and-gas-sector-faces-fundraising-hurdles/) - The APAC oil and gas sector may face difficulties in fundraising for capacity expansion, given the growing global commitment to reducing fossil fuel financing.
- [Saudi Arabia May Slash US Crude Supplies, But Not For Asia](https://www.oilandgasadvancement.com/news/saudi-arabia-may-slash-us-crude-supplies-but-not-for-asia/) - Starting July, Saudi Arabia is going to slash a million barrels per day crude oil production and the US might be the market facing the majority of the heat.
- [Global Oil Demand To Be Driven By Asian Growth, Says OPEC](https://www.oilandgasadvancement.com/news/global-oil-demand-to-be-driven-by-asian-growth-says-opec/) - Despite of the fact that there happens to be recession teamed with economic headwinds, OPEC is optimistic about Asia driving international oil demand in 2023.
- [17th International Conference “LUBRICANT MARKET 2023”](https://www.oilandgasadvancement.com/press-releases/17th-international-conference-lubricant-market-2023/) - Each year the most influential players and decision makers of the lubricant industry meet at the “Lubricant Market” International Conference (Moscow). We invite you to join them at this event, that will be held in November 9-10.
- [Sustainable Aviation Fuel Requires Government Intervention](https://www.oilandgasadvancement.com/news/sustainable-aviation-fuel-requires-government-intervention/) - To make sure that Sustainable Aviation Fuel has a decent share of production when it comes to total renewable fuels, IATA suggests government intervention.
- [Another Big LNG Supply Deal Inked Between Qatar And China](https://www.oilandgasadvancement.com/news/another-big-lng-supply-deal-inked-between-qatar-and-china/) - Qatar has struck a second LNG supply deal with China, this time with China National Petroleum Corporation in a 27-year agreement, enhancing their robust ties.
- [Cleaner Fuels To Halt Post-Pandemic Oil Demand Surge By 2023](https://www.oilandgasadvancement.com/news/cleaner-fuels-to-halt-post-pandemic-oil-demand-surge-by-2023/) - International Energy Agency projects post-pandemic oil demand surge ending in 2023, as transition to cleaner fuels and electric car adoption curtails growth.
- [A Dedicated Pipeline By China For Green Hydrogen Transport](https://www.oilandgasadvancement.com/news/a-dedicated-pipeline-by-china-for-green-hydrogen-transport/) - China aims to construct a comprehensive 6,000km pipeline network by 2050 to transport hydrogen from its wind and solar-rich regions to meet the surging demand.
- [Key Actions For Emission Reduction In Oil And Gas Sector](https://www.oilandgasadvancement.com/news/key-actions-for-emission-reduction-in-oil-and-gas-sector/) - Oil & gas sector targets a 60% emission reduction by 2030 with £600bn investment while the IEA ensures temperature limits and energy access without new fields.
- [Role of Hydrogen Fuel In The Future of Restoration Ecology](https://www.oilandgasadvancement.com/news/role-of-hydrogen-fuel-in-the-future-of-restoration-ecology/) - Worldwide quest for sustainable living leads to the rise of hydrogen fuel, powering equipment in restoration ecology without generating any harmful emissions.
- [Blending LPG And Biogas: A Cleaner Energy Solution For India](https://www.oilandgasadvancement.com/news/blending-lpg-and-biogas-a-cleaner-energy-solution-for-india/) - The report named Green Shift from the Energy Transition Advisory Committee- ETAC recommends blending LPG with biogas to cut down carbon emissions in India.
- [Turkmenistan Plans To Export Natural Gas To European Nations](https://www.oilandgasadvancement.com/news/turkmenistan-plans-to-export-natural-gas-to-european-nations/) - Turkmenistan is developing an East-West pipeline to export natural gas to Europe through the Caspian Sea and accelerating construction of the TAPI pipeline.
- [Europe Must Cut Its Gas Demand Or Face Supply Challenges](https://www.oilandgasadvancement.com/news/europe-must-cut-its-gas-demand-or-face-supply-challenges/) - As per McKinsey & Company research, Europe will have to cut-down its gas demand by 55 billion cubic metres in 2023 or face supply challenges in days to come.
- [Bulgaria, Greece Ink Plans For Bidirectional H2 Distribution](https://www.oilandgasadvancement.com/news/bulgaria-greece-ink-plans-for-bidirectional-h2-distribution/) - Pipeline will be suitable to carry 100% hydrogen between the two countries with construction on the Bulgarian side already in works for a 2029 commissioning.
- [Kazakhstan Offers Above 50 Oil & Gas Fields For Exploration](https://www.oilandgasadvancement.com/news/kazakhstan-offers-above-50-oil-gas-fields-for-exploration/) - Kazakhstan energy ministry has offered 11 existing fields and 45 probable acreages in the Atyrau and Mangistau provinces raising interest of domestic setups.
- [Russian Fuel Supplies To Iran Through Rail Begin - Sources](https://www.oilandgasadvancement.com/news/russian-fuel-supplies-to-iran-through-rail-begin-sources/) - As exports to Iran by sea are bound to incur heavy freight rates and due to price cap imposed by G7 nations, Russia has begun supplying fuel through rail route.
- [Alliance Takes Tough Stand On New Upstream Oil-Gas Projects](https://www.oilandgasadvancement.com/news/alliance-takes-tough-stand-on-new-upstream-oil-gas-projects/) - Net Zero Asset Owner Alliance is of an opinion that its members do not commit any fresh direct investments in new upstream oil and gas infrastructure projects.
- [Gulf of Mexico Drilling Rights Bids Fetch $263.8 mln To US](https://www.oilandgasadvancement.com/news/gulf-of-mexico-drilling-rights-bids-fetch-263-8-mln-to-us/) - Since the Ukraine war began and due to enormous pressure faced by President Joe Biden to take care of domestic oil and gas supplies this bid was necessary.
- [Quest For LNG By Europe May Not Be All That Flourishing](https://www.oilandgasadvancement.com/news/quest-for-lng-by-europe-may-not-be-all-that-flourishing/) - The sudden haste to cover the energy needs of the future looks to be putting an unjustifiable stress on Europe with the risk of wasting huge sum of money.
- [Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea](https://www.oilandgasadvancement.com/news/atlas-petroleum-partners-advance-venus-oil-discovery-offshore-equatorial-guinea/) - Atlas Petroleum, partners advance Venus oil discovery offshore Equatorial Guinea
- [DeepOcean charters offshore support vessel to strengthen customers oil and gas, renewables assets](https://www.oilandgasadvancement.com/news/deepocean-charters-offshore-support-vessel-to-strengthen-customers-oil-and-gas-renewables-assets/) - Ocean services provider DeepOcean strengthens its offering to the offshore renewables and oil and gas industries by entering a two-year time charter agreement for the Olympic Ares multi-purpose support vessel (MPSV).
- [MicroSeismic wins second Department of Energy grant for carbon capture and storage services](https://www.oilandgasadvancement.com/news/microseismic-wins-second-department-of-energy-grant-for-carbon-capture-and-storage-services/) - MicroSeismic, Inc. will receive $199,721 as part of the Department of Energy grants totaling $16,676,827 to 77 small businesses in 25 states, in support of scientific energy innovation and clean energy development.
- [Sempra, ConocoPhillips partner to launch Port Arthur LNG Project in South Texas](https://www.oilandgasadvancement.com/news/sempra-conocophillips-partner-to-launch-port-arthur-lng-project-in-south-texas/) - Sempra announced that its 70%-owned subsidiary, Sempra Infrastructure Partners, LP (Sempra Infrastructure), reached a positive final investment decision (FID) for the development, construction and operation of the Port Arthur LNG Phase 1 project in Jefferson County, Texas.
- [LR green lights Rotoboost's pre-combustion carbon capture system](https://www.oilandgasadvancement.com/news/lr-green-lights-rotoboosts-pre-combustion-carbon-capture-system/) - Rotobox uses thermocatalytic decomposition process (TCD) onboard marine vessels, where part of the natural gas fuel supply is converted into hydrogen and graphite with a liquid catalyst.
- [German Energy Regulator Does Not Dwarf Tough Road Ahead](https://www.oilandgasadvancement.com/news/german-energy-regulator-does-not-dwarf-tough-road-ahead/) - German energy authority is clear that 2023-24 winter is going to be tough road to travel as gas shortage cannot be ruled out with industries not doing enough.
- [Cepsa, the only Spanish energy company to obtain the EFQM 600 Seal for its LPG business](https://www.oilandgasadvancement.com/news/cepsa-the-only-spanish-energy-company-to-obtain-the-efqm-600-seal-for-its-lpg-business/) - The Excellence in Management Club a non-profit multi-sector association that helps organizations transform their management to improve their results and recognizes their
- [Two Gas Pipeline Construction From Russia To China Planned](https://www.oilandgasadvancement.com/news/two-gas-pipeline-construction-from-russia-to-china-planned/) - To help with Russian supplies to China, deputy prime minister of Russia has confirmed that 2 gas pipelines will be built that will attract direct investment.
- [Oil & Gas Needs An Investment Upsurge To Stall The Shortfall](https://www.oilandgasadvancement.com/news/oil-gas-needs-an-investment-upsurge-to-stall-the-shortfall/) - To prevent an energy issue and to ensure that supplies are sustained, IEF suggests that an investment of $4.9 trillion in oil & gas needs to be looked into.
- [OPEC+ Deal Expected To Last Till The Year End- Saudi Arabia](https://www.oilandgasadvancement.com/news/opec-deal-expected-to-last-till-the-year-end-saudi-arabia/) - As per the Saudi Energy Minister, the OPEC+ deal which is currently going on shall remain in effect till this year end with no decision to be taken in haste.
- [Further Russian Oil Output Cuts Expected In Times To Come](https://www.oilandgasadvancement.com/news/further-russian-oil-output-cuts-expected-in-times-to-come/) - In retaliation to western sanctions leading to 500,000 barrels a day cut from Russia, there could be further rise in cuts as western markets look unaffected.
- [EPA Urged To Keep Methane Emissions From Flares In Check](https://www.oilandgasadvancement.com/news/epa-urged-to-keep-methane-emissions-from-flares-in-check/) - Methane which happens to be a key component in natural gas pollutes environment eighty times more than CO2 and hence gas flarings need to be kept in control.
- [Russian Tax Overhaul Looks To Offset Oil Firms Revenue Dip](https://www.oilandgasadvancement.com/news/russian-tax-overhaul-looks-to-offset-oil-firms-revenue-dip/) - Due to price caps and global sanctions on Russian oil, major shift in tax regulations is expected in the country to offset losses caused by oil revenue dip.
- [North Sea Hydrogen Pipelines Have A Huge Potential- Study](https://www.oilandgasadvancement.com/news/north-sea-hydrogen-pipelines-have-a-huge-potential-study/) - The pipelines according to the study can go on to transfer almost 300 terrawatt hours of clean hydrogen that is made up from North Sea offshore wind power.
- [Study States European Natural Gas Rates To Multiply By 2024](https://www.oilandgasadvancement.com/news/study-states-european-natural-gas-rates-to-multiply-by-2024/) - Due to the shortages witnessed because of Russian export dips, the prices of the European Natural Gas are expected to more than double by the end of next year.
- [Germany to sign long-term LNG supply deal with Oman](https://www.oilandgasadvancement.com/news/germany-to-sign-long-term-lng-supply-deal-with-oman/) - Germany and Oman are in advanced talks to sign a 10-year deal for LNG as Berlin continues its search for alternatives to Russian oil and gas, Reuters reported, citing three sources familiar with the m
- [Aramco to supply full crude contract volumes to Asia refiners in March](https://www.oilandgasadvancement.com/news/aramco-to-supply-full-crude-contract-volumes-to-asia-refiners-in-march/) - Saudi Aramco has told at least four customers in North Asia they will receive full contract volumes of crude oil in March, citing several sources with knowledge of the matter.
- [Saudi Arabia's NEOM hydrogen mega-project cost soars to $8.5 billion](https://www.oilandgasadvancement.com/press-releases/saudi-arabias-neom-hydrogen-mega-project-cost-soars-to-8-5-billion/) - The budget of Saudi Arabia's NEOM hydrogen project that is expected to tap massive green power capacity, has soared by 70% to a whopping $8.5 billion from its original budget of $5 billion,
- [QatarEnergy and China's CNPC to sign major LNG deal](https://www.oilandgasadvancement.com/news/qatarenergy-and-chinas-cnpc-to-sign-major-lng-deal/) - China National Petroleum Corp (CNPC) will soon finalise a deal to buy LNG from QatarEnergy from Qatar's massive North Field expansion project, Reuters reported, citing three people with knowledge of t
- [Libya announces transformational plan for oil and gas sector](https://www.oilandgasadvancement.com/news/libya-announces-transformational-plan-for-oil-and-gas-sector/) - Libya's National Oil Corp (NOC) has announced its new strategic plan for the oil and gas sector in Libya after contracting with global management consulting firm Kearney.
- [LYTT, Amazon Web Services to improve cloud-based analytics platform for oil and gas industry](https://www.oilandgasadvancement.com/news/lytt-amazon-web-services-to-improve-cloud-based-analytics-platform-for-oil-and-gas-industry/) - LYTT, a provider of real-time, sensor analytics platform and applications suite, and Amazon Web Services (AWS), the world's most comprehensive and broadly adopted cloud platform,
- [Santos receives major approval for oil and gas development offshore Western Australia](https://www.oilandgasadvancement.com/press-releases/santos-receives-major-approval-for-oil-and-gas-development-offshore-western-australia/) - The National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) has accepted Santos Offshore Project Proposal (OPP) for the Dorado development offshore Western Australia.
- [Eni, Repsol press Maduro for more control to increase oil production from Venezuelan oil fields](https://www.oilandgasadvancement.com/press-releases/eni-repsol-press-maduro-for-more-control-to-increase-oil-production-from-venezuelan-oil-fields/) - European oil companies are pressing Venezuelan President Nicolas Maduro for greater control of their operations in Venezuela, after U.S. driller Chevron Corp. renegotiated its contract last year.
- [Vital Energy acquires oil production assets in Permian basin for $128 million](https://www.oilandgasadvancement.com/market-reports/vital-energy-acquires-oil-production-assets-in-permian-basin-for-128-million/) - Vital Energy, Inc. has acquired assets in the Midland Basin, part of the greater Permian basin, from Driftwood Energy Operating in exchange for 1,578,948 shares of Vital common stock and $127.6 millio
- [Shell starts production at Vito in US Gulf of Mexico](https://www.oilandgasadvancement.com/news/shell-starts-production-at-vito-in-us-gulf-of-mexico/) - Shell Offshore Inc., a subsidiary of Shell plc (Shell), announced that production has started at the Shell-operated Vito floating production facility in the US Gulf of Mexico (GoM).
- [Algeria to finalize oil and gas exploration deal with Chevron in 2023](https://www.oilandgasadvancement.com/news/algeria-to-finalize-oil-and-gas-exploration-deal-with-chevron-in-2023/) - Algeria hopes to conclude negotiations with Chevron Corp. this year as the U.S. firm seeks to explore for energy in the North African country.
- [INPEX sells Eagle Ford tight oil production and development assets to Repsol](https://www.oilandgasadvancement.com/market-reports/inpex-sells-eagle-ford-tight-oil-production-and-development-assets-to-repsol/) - INPEX Corporation has sold its Eagle Ford assets to Repsol Oil & Gas USA, a subsidiary of Spanish energy company Repsol.
- [Foothills Exploration acquires 21 oil and gas wells in Oklahoma](https://www.oilandgasadvancement.com/news/foothills-exploration-acquires-21-oil-and-gas-wells-in-oklahoma/) - Foothills has acquired four leases and 21 shallow oil and gas wells located in Comanche County, Oklahoma. These stripper wells have an average depth of 1,200 ft. and primarily produce from the Granite Wash formation.
- [Equinor awards major Hammerfest LNG contract to Aibel](https://www.oilandgasadvancement.com/news/equinor-awards-major-hammerfest-lng-contract-to-aibel/) - Equinor awarded Aibel a major contract for Hammerfest LNG modifications in connection with the Snøhvit Future project. The contract is subject to governmental approval of the project.
- [A Mega LNG Deal About To Be Struck Between China And Qatar](https://www.oilandgasadvancement.com/news/a-mega-lng-deal-about-to-be-struck-between-china-and-qatar/) - Although there are no annual gas volumes which have been decided as yet, the new LNG Deal will have Qatar supplying gas to China for the next thirty years.
- [Price Cap By Countries Prompts Russia To Cut Oil Production](https://www.oilandgasadvancement.com/news/price-cap-by-countries-prompts-russia-to-cut-oil-production/) - Due to the price cap of $60 that has been levied by major world economies, Russia in retaliation has announced to slash oil production starting march 2023.
- [Russia Contemplating Windfall Tax To Cover Oil Revenue Dip](https://www.oilandgasadvancement.com/news/russia-contemplating-windfall-tax-to-cover-oil-revenue-dip/) - With a deficit of $25bn due to sanctions which have led to dipping oil revenue, Russia is looking to levy a windfall tax on big companies to cover the gap.
- [3 Permits Awarded For Full Scale CO2 Storage In Denmark](https://www.oilandgasadvancement.com/news/3-permits-awarded-for-full-scale-co2-storage-in-denmark/) - The CO2 storage 1-2 kms. under the seabed which is a geographical prospect in the Danish North Sea is now a rare possibility with three permits being awarded.
- [Italy Intends To Be Energy Hub of Europe With Funds From EU](https://www.oilandgasadvancement.com/news/italy-intends-to-be-energy-hub-of-europe-with-funds-from-eu/) - Funds that will come from REPowerEU shall be utilised to build a corridor that will help in getting hydrogen created in northern part of Africa to North Europe.
- [Reduced Saudi Crude Prices Expected For 4 Months Straight](https://www.oilandgasadvancement.com/news/reduced-saudi-crude-prices-expected-for-4-months-straight/) - Prices of Arab light, flagship crude of Aramco may see a reduced pricing for 4 consecutive months till march this year despite signals of recovery in China.
- [Offshore Gas Field Nod From The US To Trinidad And Tobago](https://www.oilandgasadvancement.com/news/offshore-gas-field-nod-from-the-us-to-trinidad-and-tobago/) - US licence to Trinidad will allow Caribbean state to explore offshore gas from Venezuela thereby easing US sanctions which were put on south American nation.
- [Uganda Begins First Oil Drilling Project Under $10bn Scheme](https://www.oilandgasadvancement.com/news/uganda-begins-first-oil-drilling-project-under-10bn-scheme/) - The project will see the development of oil reserves based under a lake that is situated across the west of the country and is a part of $10 billion scheme.
- [TechnipFMC awarded $250 million subsea service contract offshore Brazil](https://www.oilandgasadvancement.com/news/technipfmc-awarded-250-million-subsea-service-contract-offshore-brazil/) - TechnipFMC has been awarded a master services agreement (MSA) for subsea services with Petrobras worth at least $250 million. The three-year contract has the option to extend for a further two years.
- [Uganda expects oil production by 2025 with new drilling activity](https://www.oilandgasadvancement.com/news/uganda-expects-oil-production-by-2025-with-new-drilling-activity/) - Uganda has begun drilling operations in its controversial Kingfisher oil field, according to Associated Press. The country expects to start oil production as soon as 2025.
- [Matador Resources acquires Delaware basin assets for $1.6 billion](https://www.oilandgasadvancement.com/market-reports/matador-resources-acquires-delaware-basin-assets-for-1-6-billion/) - Consolidation in the Texas oil patch is gaining momentum this week after Matador Resources Co. agreed to acquire Advance Energy Partners Holdings LLC for about $1.6 billion in cash.
- [Trillion Energy to increase gas production at SASB gas field with three new side-track wells](https://www.oilandgasadvancement.com/news/trillion-energy-to-increase-gas-production-at-sasb-gas-field-with-three-new-side-track-wells/) - Trillion Energy has identified several additional opportunities to increase production at the SASB gas field during 2023 by adding three side-track wells to its development program.
- [PETRONAS awards three production sharing contracts offshore Malaysia](https://www.oilandgasadvancement.com/news/petronas-awards-three-production-sharing-contracts-offshore-malaysia/) - The Meranti Cluster, located offshore Peninsular Malaysia, was awarded to Ping Petroleum, which is in partnership with Duta Marine Sdn Bhd.
- [Perenco Brazil's FSO 'sets sail to Pargo Cluster offshore Brazil](https://www.oilandgasadvancement.com/news/perenco-brazils-fso-sets-sail-to-pargo-cluster-offshore-brazil/) - Perenco Brazil announced that the Floating Storage and Offloading (FSO) vessel, FSO PARGO , left Dubai and is on its way to the Pargo Cluster in the Campos Basin offshore Brazil.
- [Eni to invest $8 billion in two Libyan natural gas fields](https://www.oilandgasadvancement.com/news/eni-to-invest-8-billion-in-two-libyan-natural-gas-fields/) - Eni SpA is set to push ahead a potential investment of $8 billion in two natural gas fields in Libya, according to the North African country's state energy firm, as Italy steps up efforts to wean itse
- [Norway Plans To Offer Record 92 Oil & Gas Exploration Units](https://www.oilandgasadvancement.com/news/norway-plans-to-offer-record-92-oil-gas-exploration-units/) - In a historic move, Norwegian government is looking to give out 78 oil & gas exploration blocks across the Barents Sea and 14 blocks in the Norwegian sea.
- [No New Oil-Gas Exploration Contracts On Cards In Columbia](https://www.oilandgasadvancement.com/news/no-new-oil-gas-exploration-contracts-on-cards-in-columbia/) - In its battle against climate change the Columbian government is going by its promise of transitioning to clean energy and hence not awarding new contracts.
- [Response To UK Oil & Gas Licencing Bids Exceeds Expectations](https://www.oilandgasadvancement.com/news/response-to-uk-oil-gas-licencing-bids-exceeds-expectations/) - With 115 licencing bids for oil and gas exploration which could be awarded as early as April, bidding round has met with strong response from the industry.
- [MoU For Development of Ammonia Plants For Global Hydrogen](https://www.oilandgasadvancement.com/news/mou-for-development-of-ammonia-plants-for-global-hydrogen/) - Thyssenkrupp and Abu Dhabi National Oil company have entered an agreement that will help in the development of ammonia plants to serve global hydrogen needs.
- [UN Condemns Energy Giants For Ignoring Science of All Things](https://www.oilandgasadvancement.com/news/un-condemns-energy-giants-for-ignoring-science-of-all-things/) - The United Nations Secretary General has gone on to condemn oil majors for ignoring their own science when it comes to climate change which is unacceptable.
- [Indonesia Authorises $3 Billion Gas Block Development Plan](https://www.oilandgasadvancement.com/news/indonesia-authorises-3-billion-gas-block-development-plan/) - It is expected that the Tuna field which is situated in the South China Sea, will reach its maximum output of 115 million standard cubic feet per day in 2027.
- [Despite Demand Uncertainties, Oil Price End 2022 On A High](https://www.oilandgasadvancement.com/news/despite-demand-uncertainties-oil-price-end-2022-on-a-high/) - Despite price volatility, which was exacerbated by conflict in Ukraine that disrupted supply globally, the oil market increased for the second year in a row.
- [Oil Expected To Conclude Tumultuous 2022 Slightly Higher](https://www.oilandgasadvancement.com/news/oil-expected-to-conclude-tumultuous-2022-slightly-higher/) - The brent crude futures saw a rise of 44 cents, or 0.5%, to $83.90 per barrel on December 30 and this comes after the market closed 1.2% lower on December 29.
- [Indonesia Allocates 2 Oil-Gas Licenses To Improve Output](https://www.oilandgasadvancement.com/news/indonesia-allocates-2-oil-gas-licenses-to-improve-output/) - Besides this, the government is also looking to allocate Six oil and gas working zones in a new round of bidding next year according to the energy ministry.
- [Funding For Oil And Gas Industry Is Evolving Dramatically](https://www.oilandgasadvancement.com/market-reports/funding-for-oil-and-gas-industry-is-evolving-dramatically/) - Companies that generally acquire money from more conventional sources might diversify their financing options by using securities backed by oil and gas assets.
- [chevron invests in carbon capture and removal technology company, svante](https://www.oilandgasadvancement.com/press-releases/chevron-invests-in-carbon-capture-and-removal-technology-company-svante/) - Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svante's Series E fundraising round
- [TotalEnergies to begin marketing LNG from planned Le Havre FSRU](https://www.oilandgasadvancement.com/news/totalenergies-to-begin-marketing-lng-from-planned-le-havre-fsru/) - TotalEnergies SE affiliate TotalEnergies LNG Services France (TELSF) plans to operate a floating storage and regasification unit (FSRU)
- [QPD, QatarEnergy sign new agreement for Al-Karkara, A-Structures development](https://www.oilandgasadvancement.com/news/qpd-qatarenergy-sign-new-agreement-for-al-karkara-a-structures-development/) - Japan's Qatar Petroleum Development Co. and QatarEnergy will continue development and production of Al-Karkara and A-Structures oil fields in the territorial
- [Marathon Oil Completes Eagle Ford Acquisition](https://www.oilandgasadvancement.com/market-reports/marathon-oil-completes-eagle-ford-acquisition/) - Marathon Oil Completes Eagle Ford Acquisition
- [NextDecade to sell Rio Grande output to Galp](https://www.oilandgasadvancement.com/news/nextdecade-to-sell-rio-grande-output-to-galp/) - NextDecade Corporation (NextDecade) (NASDAQ: NEXT) announced today the execution of a sale and purchase agreement
- [Western Gas to backfill NWS, Pluto LNG plants](https://www.oilandgasadvancement.com/news/western-gas-to-backfill-nws-pluto-lng-plants/) - Western Gas Corp. Pty Ltd (WGC) has signed a non-binding term sheet with the North West Shelf project participants and a non-binding Heads of Agreement with Pluto LNG
- [bp looks to further developments at Tangguh with PSC extension](https://www.oilandgasadvancement.com/press-releases/bp-looks-to-further-developments-at-tangguh-with-psc-extension/) - The Government of Indonesia has granted a 20-year extension of the Tangguh production sharing contract (Tangguh PSC) to bp, operator of the PSC
- [PGS awarded Petrobras 4D production contract offshore Brazil](https://www.oilandgasadvancement.com/news/pgs-awarded-petrobras-4d-production-contract-offshore-brazil/) - PGS awarded Petrobras 4D production contract offshore Brazil
- [International Petroleum Corp. and PETRONAS extend production sharing contract for Malaysian oil field](https://www.oilandgasadvancement.com/news/international-petroleum-corp-and-petronas-extend-production-sharing-contract-for-malaysian-oil-field/) - International Petroleum Corporation announced that IPC's subsidiaries IPC Malaysia B.V. and IPC SEA Holding B.V. have signed a letter of agreement with PETRONAS to extend the Block PM 307
- [INPEX enters 20-year purchase agreement with Venture Global for 1.1 million tons of LNG per year](https://www.oilandgasadvancement.com/news/inpex-enters-20-year-purchase-agreement-with-venture-global-for-1-1-million-tons-of-lng-per-year/) - Venture Global LNG and INPEX Corporation announced the execution of a long-term sales and purchase agreement for the purchase of 1.1 million tons of liquified natural gas per year for 20 years.
- [Falcon Oil & Gas completes successful drilling operations in Australia](https://www.oilandgasadvancement.com/press-releases/falcon-oil-gas-completes-successful-drilling-operations-in-australia/) - Falcon Oil & Gas completes successful drilling operations in Australia
- [CNOOC Starts Production From Second Project](https://www.oilandgasadvancement.com/news/cnooc-starts-production-from-second-project/) - Chinese energy major CNOOC has started production from the Kenli 6-1 Oilfield 5-1, 5-2, 6-1 Block Development Project.
- [New Global Oil And Gas Exploration Bid Round Begins In Egypt](https://www.oilandgasadvancement.com/news/new-global-oil-and-gas-exploration-bid-round-begins-in-egypt/) - The Egyptian government 2022 application strengthens its 2016 work strategy to secure greater investment for oil and gas development in potential locations.
- [India Intends To Invest $2 Bn In Green Hydrogen Business](https://www.oilandgasadvancement.com/news/india-intends-to-invest-2-bn-in-green-hydrogen-business/) - Over the subsequent five years, a fifth of the cost of manufacturing green hydrogen is anticipated to be eliminated attributable to the $2 billion inducement.
- [Aramco and TotalEnergies to build petrochemical complex in Saudi Arabia](https://www.oilandgasadvancement.com/news/aramco-and-totalenergies-to-build-petrochemical-complex-in-saudi-arabia/) - The Saudi Arabian Oil Company and TotalEnergies have taken the final investment decision for the construction of a world scale petrochemical facility in Saudi Arabia.
- [TotalEnergies announces a new gas discovery in offshore Block 6](https://www.oilandgasadvancement.com/news/totalenergies-announces-a-new-gas-discovery-in-offshore-block-6/) - TotalEnergies and Eni (operator) have made a new gas discovery at the Zeus-1 well, in Block 6, offshore Cyprus. This discovery follows the Calypso-1
- [Turkey boosts Black Sea natural gas reserves with new discovery and existing offshore work](https://www.oilandgasadvancement.com/news/turkey-boosts-black-sea-natural-gas-reserves-with-new-discovery-and-existing-offshore-work/) - Turkey boosted its estimate of natural gas reserves in the Black Sea by nearly a third, thanks to appraisal work at an existing field and a separate discovery.
- [CNOOC Limited begins production on block development project offshore China](https://www.oilandgasadvancement.com/news/cnooc-limited-begins-production-on-block-development-project-offshore-china/) - The project is in the south Bohai Sea, with an average water depth of around 19 m. The main production facilities include one central platform and six unmanned wellhead platforms.
- [Following A Price Cap, Russia Says May Reduce Oil Production](https://www.oilandgasadvancement.com/news/following-a-price-cap-russia-says-may-reduce-oil-production/) - Russia may cut oil output by 7% in early 2023 and cease exports to countries that help them in response to price restrictions on its crude and processed goods.
- [Newest Mexico Oil Refinery To Run Half Strength By Mid-2023](https://www.oilandgasadvancement.com/news/newest-mexico-oil-refinery-to-run-half-strength-by-mid-2023/) - By mid-23, 50% of the crude processing capabilities of the refinery will be reached, thereby ending the long-standing dependency of Mexico on the US refiners.
- [Findings that doubled exploration success in Malaysia in 2022](https://www.oilandgasadvancement.com/news/findings-that-doubled-exploration-success-in-malaysia-in-2022/) - In 2022, 10 hydrocarbon discoveries were made in Malaysia by Petronas and its Petroleum Arrangement Contractors, due to increase in exploration efforts there.
- [Nordic-Baltic And Baltic Sea Pipeline Alliances Studied](https://www.oilandgasadvancement.com/news/nordic-baltic-and-baltic-sea-pipeline-alliances-studied/) - The European Hydrogen Backbone, a collaboration of 31 gas network operators, aims to accelerate the decarbonization and hydrogen market expansion in Europe.
- [Russia Sees A Crude-By-Rail Export Boost For China And Asia](https://www.oilandgasadvancement.com/news/russia-sees-a-crude-by-rail-export-boost-for-china-and-asia/) - Russia intends to increase shipments from the extreme east of the country while Germany and Poland both disavow any supposed interest in prospective oil deals.
- [Cyprus Gas Discovery Offers Significant Energy Potential](https://www.oilandgasadvancement.com/news/cyprus-gas-discovery-offers-significant-energy-potential/) - Zeus-1 is the third important find discovered by energy behemoths Eni and TotalEnergies, who together are crucial to growth of Cyprus offshore energy sector.
- [N'GENIUS solution on the horizon for oil, gas and LNG industry](https://www.oilandgasadvancement.com/press-releases/ngenius-solution-on-the-horizon-for-oil-gas-and-lng-industry/) - An innovative range of high strength austenitic stainless steels has been developed that will revolutionise the design and construction of onshore and offshore facilities in the oil, gas.
- [Australian Market Interference Interrupts $674m Gas Project](https://www.oilandgasadvancement.com/news/australian-market-interference-interrupts-674m-gas-project/) - Stringent policies of the Australian government executed without due consultation less than a week after parliament passed them, have hurt energy security.
- [Russian Oil Exports Fell 11% For First 10 Days of December](https://www.oilandgasadvancement.com/news/russian-oil-exports-fell-11-for-first-10-days-of-december/) - EU, G7, and Australia have imposed a price ceiling on Russian oil to further hinder funding for Moscow and banning firms from providing insurance or logistics.
- [Norway Oil And Gas November Output Fell Short of Forecasts](https://www.oilandgasadvancement.com/news/norway-oil-and-gas-november-output-fell-short-of-forecasts/) - Estimates that Norwegian government had provided for the amount of crude oil and natural gas that would be extracted from territory in November were not met.
- [Fast Offshore Supply Pte Ltd, Singapore signs a Memorandum of Understanding to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd. and RINA](https://www.oilandgasadvancement.com/news/fast-offshore-supply-pte-ltd-singapore-signs-a-memorandum-of-understanding-to-jointly-develop-an-energy-storage-system-ess-with-terasaki-electric-co-shift-clean-solutions-ltd-and-rina/) - Fast Offshore Supply Pte Ltd , Asia's largest offshore crew boat operator, has signed an MOU to jointly develop an Energy Storage System (ESS) with Terasaki Electric Co., Shift Clean Solutions Ltd.
- [STATS Group take on world's largest diameter subsea pipeline intervention scope](https://www.oilandgasadvancement.com/news/stats-group-take-on-worlds-largest-diameter-subsea-pipeline-intervention-scope/) - STATS Group take on world's largest diameter subsea pipeline intervention scope
- [Race To Become The Next US LNG Supplier To Europe Is On](https://www.oilandgasadvancement.com/news/race-to-become-the-next-us-lng-supplier-to-europe-is-on/) - Despite the US exporting massive amounts of liquefied natural gas to Europe to partially offset supply imbalances, competition is severe due to rising demand.
- [Brussels Delays Gas Price Cap Amid Rising EU Discontent](https://www.oilandgasadvancement.com/news/brussels-delays-gas-price-cap-amid-rising-eu-discontent/) - As the next EU energy ministers meeting approaches, the European Commission seems to be under heat to recommend a gas price ceiling, but has not yet done so.
- [European Refiners Overloaded As Fears of Oil Shortage Recede](https://www.oilandgasadvancement.com/news/european-refiners-overloaded-as-fears-of-oil-shortage-recede/) - With supplies from the Middle East, the United States, and Latin America substituting Russian oil, Europe appears to have overbought for November and December.
- [The US And EU Intend To Reduce Oil And Gas Methane Leaks](https://www.oilandgasadvancement.com/news/the-us-and-eu-intend-to-reduce-oil-and-gas-methane-leaks/) - Because it breaks down in the atmosphere more speedily than CO2, methane is a high-value target in immediate endeavours to mitigate the environmental issues.
- [Sakhalin 2 From Russia Expects A Decline In LNG Shipments](https://www.oilandgasadvancement.com/news/sakhalin-2-from-russia-expects-a-decline-in-lng-shipments/) - As sanctions prevent the search for more gas, first offshore gas project of Russia, Sakhalin 2 faces the possibility of running out of gas at a crucial field.
- [Oil And Gas Projects No More To Be Funded By UOB Singapore](https://www.oilandgasadvancement.com/news/oil-and-gas-projects-no-more-to-be-funded-by-uob-singapore/) - UOB Singapore has proved its resolve to drive decarbonization in Southeast Asia by opting not to fund upstream oil and gas projects to reach net zero by 2050.
- [Booming Guyana Auctions Offshore Oil Under New Fiscal Terms](https://www.oilandgasadvancement.com/news/booming-guyana-auctions-offshore-oil-under-new-fiscal-terms/) - A new profit-sharing agreement, which will cover all the future oil production agreements and be finished before the auctions end, is currently being worked on.
- [Supply Crisis To "Keep Global Gas Markets Tight In 2023" IEA](https://www.oilandgasadvancement.com/news/supply-crisis-to-keep-global-gas-markets-tight-in-2023-iea/) - IEA predicts tight gas markets in 2023 as Russian pipeline gas supplies diminish and European gas demand falls due to energy-saving measures and high pricing.
- [Russian Oil Exports To China Rose 22%, Second Only To Saudi](https://www.oilandgasadvancement.com/news/russian-oil-exports-to-china-rose-22-second-only-to-saudi/) - Supplies from Russia totalled 7.46 million tonnes, equivalent to 1.82 million barrels per day, as per data from the Chinese General Administration of Customs.
- [Portugal, Spain, France Team On Barcelona-Marseille Gas Line](https://www.oilandgasadvancement.com/news/portugal-spain-france-team-on-barcelona-marseille-gas-line/) - A sea-based pipeline for the transportation of gas and hydrogen between Barcelona and Marseille has been officially announced by Spain, Portugal, and France.
- [Biden To Propose Emergency Oil Sales And Promote U.S. Output](https://www.oilandgasadvancement.com/news/biden-to-propose-emergency-oil-sales-and-promote-u-s-output/) - By the end of the year, U.S. President Joe Biden will outline a strategy for selling off the remaining portion of the emergency oil stockpile of the country.
- [The United States May Sell Oil From Its Emergency Stockpile](https://www.oilandgasadvancement.com/news/the-united-states-may-sell-oil-from-its-emergency-stockpile/) - Transaction would enable Biden to market remaining 14 million barrels of his originally scheduled and largest-ever discharge from 180 million barrel reserve.
- [EU Leaders May Support A Brand-New Price Benchmark For Gas](https://www.oilandgasadvancement.com/news/eu-leaders-may-support-a-brand-new-price-benchmark-for-gas/) - Leaders of EU would reach a consensus in order to establish a new benchmark that more correctly reflects the conditions that presently exist on the gas market.
- [Germany Braces For Gas Supply Woes, Plans €93bn Price Relief](https://www.oilandgasadvancement.com/news/germany-braces-for-gas-supply-woes-plans-93bn-price-relief/) - Germany intends to reduce the consumer pressure from ballooning gas prices after being warned that the supply situation going into winter remained critical.
- [EU Countries Seek To Settle On The Energy Measures Shortly](https://www.oilandgasadvancement.com/news/eu-countries-seek-to-settle-on-the-energy-measures-shortly/) - Most EU nations feel a gas price ceiling should be imposed next, but they differ if it should apply to all gas trades, long-term deals, or power-generating gas.
- [By 2030, The World Drone Market Will Be Valued US$89 Billion](https://www.oilandgasadvancement.com/news/by-2030-the-world-drone-market-will-be-valued-us89-billion/) - This surge is mostly due to the widespread usage of drones in the oil and gas sector, which recently benefited from the favourable legislative modifications.
- [EU Leaders Use Gas Price Controls To End The Energy Shortage](https://www.oilandgasadvancement.com/news/eu-leaders-use-gas-price-controls-to-end-the-energy-shortage/) - In an effort to stem surge in energy prices that threatens to destabilise their treasured single market, EU leaders are attempting to place a cap on gas prices.
- [Mexico To Build $5bn LNG Plant To Ease Europe Energy Crisis](https://www.oilandgasadvancement.com/news/mexico-to-build-5bn-lng-plant-to-ease-europe-energy-crisis/) - Mexico has announced plans that it will invest up to US$5bn in an LNG hub on its Caribbean coast to take advantage of�growing demand for energy across Europe.
- [The Newly Built Baltic Pipe Has Started Transporting Gas](https://www.oilandgasadvancement.com/news/the-newly-built-baltic-pipe-has-started-transporting-gas/) - The commencement of gas transmission from Norway to Poland through a pipeline that will carry 10 billion cubic metres of natural gas per year is a reality.
- [EU Members Back Energy Windfall Tax, Clash On Gas Price Cap](https://www.oilandgasadvancement.com/news/eu-members-back-energy-windfall-tax-clash-on-gas-price-cap/) - The energy ministers of the 27 member states of the EU are currently debating the ideas that Brussels has put forward to put a stop to the rise in energy costs.
- [Abu Dhabi To Get Its First Subsea HVDC Transmission System](https://www.oilandgasadvancement.com/news/abu-dhabi-to-get-its-first-subsea-hvdc-transmission-system/) - Cables will help Abu Dhabi to switch out gas-burning generators at offshore oil and gas production sites with power on land that is seen as more sustainable.
- [Oil Surges On U.S Gulf Supply Restrictions, Weaker Currency](https://www.oilandgasadvancement.com/news/oil-surges-on-u-s-gulf-supply-restrictions-weaker-currency/) - Oil prices increased by more than 1% as a result of Hurricane Ian impact on supply in the US Gulf of Mexico and a slight decline in the value of the US dollar.
- [QatarEnergy, GE to develop carbon capture roadmap](https://www.oilandgasadvancement.com/downstream/qatarenergy-ge-to-develop-carbon-capture-roadmap/) - LNG major QatarEnergy signed a memorandum of understanding (MoU) with U.S. firm General Electric (GE) to collaborate on developing a carbon capture roadmap for the energy sector in Qatar.
- [DEME, Van Oord selected for Australia's Darwin Pipeline Duplication Project](https://www.oilandgasadvancement.com/news/deme-van-oord-selected-for-australias-darwin-pipeline-duplication-project/) - Offshore services firm Allseas has awarded a contract to a joint venture of marine contractor DEME and Van Oord to support the Darwin Pipeline Duplication Project offshore Northern Australia.
- [Marathon Petroleum and Neste form JV for renewable fuels project in US](https://www.oilandgasadvancement.com/news/marathon-petroleum-and-neste-form-jv-for-renewable-fuels-project-in-us/) - US-based Marathon Petroleum and Finnish oil refiner Neste have finalised a transaction to become equal partners in Marathon’s Martinez Renewable Fuels project in California, US.
- [Talos signs $1.1bn deal to acquire US Gulf of Mexico oil producer EnVen](https://www.oilandgasadvancement.com/news/talos-signs-1-1bn-deal-to-acquire-us-gulf-of-mexico-oil-producer-enven/) - Talos Energy has agreed to acquire EnVen Energy, a US-based private operator in the deepwater US Gulf of Mexico, in a deal worth $1.1bn, including debt.
- [Transocean secures offshore drilling rig contract from Wintershall and OMV](https://www.oilandgasadvancement.com/press-releases/transocean-secures-offshore-drilling-rig-contract-from-wintershall-and-omv/) - Offshore drilling contractor Transocean has secured a rig contract from Wintershall Dea and OMV for the drilling of 17 wells offshore Norway.
- [INEOS and partners approved to develop Solsort field offshore Denmark](https://www.oilandgasadvancement.com/press-releases/ineos-and-partners-approved-to-develop-solsort-field-offshore-denmark-2/) - INEOS and its partners in the Solsort Unit, Danoil and Nords fonden, have agreed on Final Investment Decision regarding the development of the Solsort West field in the Danish part of the North Sea
- [OMV to drill sidetrack and perform well test after confirming gas and condensate in North Sea well](https://www.oilandgasadvancement.com/news/omv-to-drill-sidetrack-and-perform-well-test-after-confirming-gas-and-condensate-in-north-sea-well/) - OMV to drill sidetrack and perform well test after confirming gas and condensate in North Sea well
- [TechnipFMC awarded significant subsea contract for Shell's North Sea development](https://www.oilandgasadvancement.com/press-releases/technipfmc-awarded-significant-subsea-contract-for-shells-north-sea-development/) - TechnipFMC has been awarded a significant engineering, procurement, construction and installation (EPCI) contract by Shell plc for the Jackdaw development, located in the United Kingdom North Sea.
- [PETRONAS Announces New Gas Discovery in Central Luconia Province, Offshore Malaysia](https://www.oilandgasadvancement.com/press-releases/petronas-announces-new-gas-discovery-in-central-luconia-province-offshore-malaysia/) - PETRONAS announced a gas discovery from its Cengkih-1 exploration well in Block SK 320 in the Central Luconia Province, about 220 kilometres off the coast of Bintulu, Sarawak, offshore Malaysia.
- [UAE accelerates plan to increase its oil production capacity](https://www.oilandgasadvancement.com/news/uae-accelerates-plan-to-increase-its-oil-production-capacity/) - UAE accelerates plan to increase its oil production capacity
- [INEOS and partners approved to develop Solsort field offshore Denmark](https://www.oilandgasadvancement.com/news/ineos-and-partners-approved-to-develop-solsort-field-offshore-denmark/) - INEOS and partners approved to develop Solsort field offshore Denmark
- [Allseas lands major Mexico pipelay contract](https://www.oilandgasadvancement.com/news/allseas-lands-major-mexico-pipelay-contract/) - Allseas has been awarded a substantial construction contract by TC Energy for a major offshore pipeline delivering natural gas to southeast Mexico.
- [Lukoil to start Caspian development drilling](https://www.oilandgasadvancement.com/press-releases/lukoil-to-start-caspian-development-drilling/) - Russia's Lukoil has reaffirmed its plan to start development drilling at the Grayfera oilfield in Russia's Caspian Sea waters before the end of this year, despite the pressure of international sanctio
- [Oil Demand Rises In China As Refiners Ramp Up Production](https://www.oilandgasadvancement.com/news/oil-demand-rises-in-china-as-refiners-ramp-up-production/) - Chinese refiners believe Beijing may boost export quota for oil products by up to 15mn tonnes for rest of the year to revive flagging exports of the country.
- [Time To Tell If New Energy Policies Are Effective In Europe](https://www.oilandgasadvancement.com/news/time-to-tell-if-new-energy-policies-are-effective-in-europe/) - It is beginning to take shape how Europe will respond to Moscow energy extortion, and so far, it seems to find right balance between harshness and practicality.
- [Concerns Over A Supply Shortage Drive Higher Oil Prices](https://www.oilandgasadvancement.com/news/concerns-over-a-supply-shortage-drive-higher-oil-prices/) - As China, second-largest oil consumer globally, continues to enact COVID-19 laws, new worries of declining global fuel demand held back gains in oil prices.
- [Fresh Gas Supply Need Is Created By Australian Energy Crisis](https://www.oilandgasadvancement.com/market-reports/fresh-gas-supply-need-is-created-by-australian-energy-crisis/) - The crisis did illustrate the requirement for new sources of energy supplies to meet both the existing demand as well as the need that will arise in the future.
- [Iran Eyes Russia-Sized Vacuum In The European Oil Market](https://www.oilandgasadvancement.com/news/iran-eyes-russia-sized-vacuum-in-the-european-oil-market/) - Iran intends to do away with oil price discounts in the event that sanctions against it are lifted as the European nations look for Russian oil alternative.
- [Texas To Plug 800 Oil And Gas Wells With $25mn Federal Grant](https://www.oilandgasadvancement.com/news/texas-to-plug-800-oil-and-gas-wells-with-25mn-federal-grant/) - With the initial funding, the state of Texas will be able to fill a small percentage of the confirmed 7,400 defunct oil and gas wells that are located there.
- [TNB, PETRONAS To Look Towards Hydrogen And Carbon Capture](https://www.oilandgasadvancement.com/news/tnb-petronas-to-look-towards-hydrogen-and-carbon-capture/) - TNB and Petronas will perform feasibility analysis on both hydrogen and carbon capture in an attempt to liberate at least RM10 billion in commercial value.
- [Cadent-UK Seeking Contractors For Hydrogen Pipeline Project](https://www.oilandgasadvancement.com/news/cadent-uk-seeking-contractors-for-hydrogen-pipeline-project/) - To fulfil the requirements of the whole EPCC, Cadent is looking to collaborate with a single organization, one that may include joint ventures or consortiums.
- [The Marine LNG Facility In Western Canada Almost Complete](https://www.oilandgasadvancement.com/news/the-marine-lng-facility-in-western-canada-almost-complete/) - The construction workers in western Canada are approaching the completion of a new roll-on-roll-off wharf erected at a marine terminal for liquid natural gas.
- [Europe In Recession As A Result of Its Failed Russia Stance](https://www.oilandgasadvancement.com/news/europe-in-recession-as-a-result-of-its-failed-russia-stance/) - Europe is eventually harmed by Russia. Leaders in industry have warned that a gas shortage, which might lead to curtailment, could eventually cause a recession.
- [Portugal-Dutch Green Hydrogen Supply Chain On The Cards](https://www.oilandgasadvancement.com/news/portugal-dutch-green-hydrogen-supply-chain-on-the-cards/) - Within consortium, Anthony Veder and Vopak will work on transportation, warehousing, distribution while Shell and ENGIE will engage along entire value chain.
- [Power of Siberia Line To Send Gas From Siberia To Shanghai](https://www.oilandgasadvancement.com/news/power-of-siberia-line-to-send-gas-from-siberia-to-shanghai/) - Roughly eight years have passed since the construction began on pipeline which connects Siberia and Shanghai and solves natural gas issues to a great extent.
- [Europe May Want Stopgap Coal, Oil Power As Winter Approaches](https://www.oilandgasadvancement.com/news/europe-may-want-stopgap-coal-oil-power-as-winter-approaches/) - Authorities need to come up with a solution for coming winter to keep Europe from finding itself in a very risky scenario, particularly on the demand side.
- [EU Rules For Green Gas And Nuclear Investment Coming Up](https://www.oilandgasadvancement.com/news/eu-rules-for-green-gas-and-nuclear-investment-coming-up/) - Gas plants would need to abide by substantially stronger emission regulations to match the considerable reductions needed to prevent global warming effects.
- [Malaysian Fuel Subsidies Ease Inflation, Claims Economist](https://www.oilandgasadvancement.com/news/malaysian-fuel-subsidies-ease-inflation-claims-economist/) - Although another round of inflation is expected, Malaysia is in an extraordinary situation as gasoline subsidies have shielded citizens from rising oil prices.
- [Oil Firms In UK Seem More Focused On Investors Than Net Zero](https://www.oilandgasadvancement.com/news/oil-firms-in-uk-seem-more-focused-on-investors-than-net-zero/) - Giving money back to shareholders might have positive repercussions for general populace, as savers and pension funds will be major recipients of this practise.
- [Japan Firms Lose Billion Dollars Plus On Russian Gas Assets](https://www.oilandgasadvancement.com/news/japan-firms-lose-billion-dollars-plus-on-russian-gas-assets/) - As a result of directive from Putin, Mitsui and Mitsubishi have written down the market value of their investments in the Sakhalin-2 project by more than half.
- [Strong Support For High Fossil Fuel Yield Likely From Africa](https://www.oilandgasadvancement.com/news/strong-support-for-high-fossil-fuel-yield-likely-from-africa/) - Africa opines that to meet current and future energy needs, they need to boost their fossil fuels output. This is a consensus emerging across the continent.
- [55 MoUs And Deals Boost Aramco Namaat Industrial Programme](https://www.oilandgasadvancement.com/news/55-mous-and-deals-boost-aramco-namaat-industrial-programme/) - Aramco has revealed a strong extension of Namaat industrial investment projects, which entails the signing of 55 deals helping energy and chemical value chains.
- [Seadrill awarded $404 million in contracts for three Middle East jackups](https://www.oilandgasadvancement.com/news/seadrill-awarded-404-million-in-contracts-for-three-middle-east-jackups/) - The Seadrill West Leda was one of three Seadrill jackups recently contracted for work in the Middle East.
- [Quest For Russian Gas Options By Europe Hits Roadblocks](https://www.oilandgasadvancement.com/news/quest-for-russian-gas-options-by-europe-hits-roadblocks/) - European negotiations with the gas suppliers in the Middle East have been difficult, and a mix of policies and politics is impeding the progress all the more.
- [Angolan exploration and production to drive Africa cumulative capital expenditure](https://www.oilandgasadvancement.com/press-releases/angolan-exploration-and-production-to-drive-africa-cumulative-capital-expenditure/) - Greenfield investments in Angola and other leading and emerging hydrocarbon producing countries in Africa will help increase cumulative capital expenditure
- [Biden Says Far Above Normal Refinery Profitability Not Fair](https://www.oilandgasadvancement.com/news/biden-says-far-above-normal-refinery-profitability-not-fair/) - President Joe Biden has urged the oil refineries in the United States to increase production in order to assist the consumers cope with rising petrol costs.
- [Central American Development Bank Grants $800mn Loan On Fuel Relief](https://www.oilandgasadvancement.com/news/central-american-development-bank-grants-800mn-loan-on-fuel-relief/) - To safeguard local countries from fluctuating fuel prices due to Russia invasion of Ukraine, Central American Development Bank has offered a cover of $800m.
- [From 27% In 2021, S.Korea To Push Nuclear Mix To 30% By 2030](https://www.oilandgasadvancement.com/news/from-27-in-2021-s-korea-to-push-nuclear-mix-to-30-by-2030/) - The dependence on imported fossil fuels, which was 81.8% last year, is set to plummet to about 60% in 2030 if the measures are carried out without a glitch.
- [Oil Supply Is Expected To Trail Behind Demand Next Year](https://www.oilandgasadvancement.com/news/oil-supply-is-expected-to-trail-behind-demand-next-year/) - IEA forecasts that developed economies across the globe and oil producing nations, will face challenges in keeping up with speed at which oil demand is rising.
- [Oil purchases by China and India could exceed US estimates](https://www.oilandgasadvancement.com/news/oil-purchases-by-china-and-india-could-exceed-us-estimates/) - China and India may be buying more oil from Russia than US thought, which would help global market supply problem and could explain why prices are falling now.
- [Russian Gas Supply Limits Forcing Coal Return In Europe](https://www.oilandgasadvancement.com/news/russian-gas-supply-limits-forcing-coal-return-in-europe/) - Because their gas supplies are being stretched, European governments are hurrying to fill underground storage with natural gas supplies readying for winter.
- [Russia Counters EU Oil Ban Vowing It Will Find Other Buyers](https://www.oilandgasadvancement.com/news/russia-counters-eu-oil-ban-vowing-it-will-find-other-buyers/) - As part of fresh sanctions aimed at punishing Russia for its invasion of Ukraine, the EU has agreed to restrict most Russian oil supplies by the end of 2022.
- [TotalEnergies starts pullback from Russia with $4 billion writedown](https://www.oilandgasadvancement.com/news/totalenergies-starts-pullback-from-russia-with-4-billion-writedown/) - TotalEnergies SE took a $4.1 billion writedown on its flagship Russian gas project and indicated that it may belatedly join its peers in pulling back from the country
- [Neptune Energy confirms oil and gas discovery at Hamlet in the North Sea](https://www.oilandgasadvancement.com/press-releases/neptune-energy-confirms-oil-and-gas-discovery-at-hamlet-in-the-north-sea/) - Neptune Energy and its partners discovered up to 24 million recoverable barrels of oil equivalent at the Hamlet exploration wells (PL153) in the Norwegian sector of the North Sea
- [Baker Hughes launches subsea wellhead technology to lower well construction, installation costs](https://www.oilandgasadvancement.com/press-releases/baker-hughes-launches-subsea-wellhead-technology-to-lower-well-construction-installation-costs/) - Baker Hughes, an energy technology company, has launched a new subsea wellhead technology, the MS-2 Annulus Seal, to save substantial operational rig cost
- [ExxonMobil makes three new oil discoveries offshore Guyana](https://www.oilandgasadvancement.com/news/exxonmobil-makes-three-new-oil-discoveries-offshore-guyana/) - ExxonMobil announced three new discoveries offshore Guyana which will increase the estimate of the recoverable resource of the Stabroek Block to nearly 11 billion oil-equivalent barrels.
- [Maersk Drilling awarded additional three-well contract with Aker BP](https://www.oilandgasadvancement.com/news/maersk-drilling-awarded-additional-three-well-contract-with-aker-bp/) - Maersk Drilling has secured a contract with Aker BP, who will employ the ultra-harsh environment jackup Maersk Invincible for the drilling of three infill wells at the Ivar Aasen field offshore Norway
- [South Sudan to take over oil operations in nationalization drive](https://www.oilandgasadvancement.com/press-releases/south-sudan-to-take-over-oil-operations-in-nationalization-drive/) - South Sudan is taking steps to take over the operations of international oil companies in the country to increase its share of revenue, even as production declines, according to a government official.
- [Shell will sell Russian fuel stations as part of exit plan](https://www.oilandgasadvancement.com/press-releases/shell-will-sell-russian-fuel-stations-as-part-of-exit-plan/) - Shell Plc is in talks to sell its fuel stations in Russia as it withdraws from the country in response to the invasion of Ukraine.
- [Guyana and Exxon in talks to build offshore gas pipeline](https://www.oilandgasadvancement.com/press-releases/guyana-and-exxon-in-talks-to-build-offshore-gas-pipeline/) - Guyana has started talks with U.S. Exxon Mobil Corp to build a more than 120-mile (190-km) natural gas pipeline from the company's offshore projects, Natural Resources Minister Vickram Bharrat
- [Shell starts production from Guanabara FPSO in Brazilian pre-salt](https://www.oilandgasadvancement.com/news/shell-starts-production-from-guanabara-fpso-in-brazilian-pre-salt/) - Shell announced that it has started production from the Guanabara FPSO, located in the Mero field offshore Santos Basin in Brazil.
- [Can African Oil Producers help the world end reliance onRussian Oil and Gas?](https://www.oilandgasadvancement.com/news/can-african-oil-producers-help-the-world-end-reliance-onrussian-oil-and-gas/) - Unlocking Africa’s oil and gas potential is now imperative against the backdropof the war in Ukraine and the resulting crude, diesel, and gas supply crunch. This has rendered European
- [ABB to lead power and automation engineering and equipment supply in new order from ioneer at US mine](https://www.oilandgasadvancement.com/news/abb-to-lead-power-and-automation-engineering-and-equipment-supply-in-new-order-from-ioneer-at-us-mine/) - ABB has won a large contract from Australian-listed ioneer Ltd., an emerging lithium-boron supplier committed to becoming an important producer of materials necessary for a sustainable future
- [MOL and PETRONAS Sign MoU on Liquefied CO2 Transportation for CCUS](https://www.oilandgasadvancement.com/news/mol-and-petronas-sign-mou-on-liquefied-co2-transportation-for-ccus/) - Takeshi Hashimoto announced that it concluded a Memorandum of Understanding (MoU) with Petroliam Nasional Berhad (PETRONAS), the state-owned energy company of Malaysia,
- [Cheniere announces substantial completion of Train 6 at the Sabine Pass Liquefaction Project](https://www.oilandgasadvancement.com/news/cheniere-announces-substantial-completion-of-train-6-at-the-sabine-pass-liquefaction-project/) - Cheniere Energy Partners, L.P., a subsidiary of Cheniere Energy, Inc., announced that Substantial Completion of Train 6 at the Sabine Pass liquefaction project in Cameron Parish, Louisiana
- [Dominion Energy Agrees to Sell West Virginia Natural Gas Distribution Company to Ullico](https://www.oilandgasadvancement.com/news/dominion-energy-agrees-to-sell-west-virginia-natural-gas-distribution-company-to-ullico/) - Dominion Energy announced that it has executed a definitive agreement to sell its West Virginia natural gas utility – Hope Gas, Inc. (Dominion Energy West Virginia or DEWV)
- [Eni UK: achieved a major breakthrough for UK's decarbonization process with 19 MoUs signed for Carbon, Capture & Storage within the HyNet North West project](https://www.oilandgasadvancement.com/news/eni-uk-achieved-a-major-breakthrough-for-uks-decarbonization-process-with-19-mous-signed-for-carbon-capture-storage-within-the-hynet-north-west-project/) - Eni UK announces that it has reached a total of 19 MoUs signed with as many companies interested in the opportunity to have their emissions captured
- [Europe's largest green hydrogen plant showcased at Dubai Expo on Spain Day](https://www.oilandgasadvancement.com/press-releases/europes-largest-green-hydrogen-plant-showcased-at-dubai-expo-on-spain-day/) - Europe's largest green hydrogen plant for industrial use has attracted all the attention at the Dubai Expo on Spain Day.
- [Neptune Energy increases production from Gjoa platform](https://www.oilandgasadvancement.com/press-releases/neptune-energy-increases-production-from-gjoa-platform/) - Neptune Energy announced that production from its operated Gjoa platform in the Norwegian North Sea increased by two million barrels of oil equivalents (boe) from 2020 to 2021.
- [Shell starts up hydrogen electrolyser in China with 20 MW production capacity](https://www.oilandgasadvancement.com/press-releases/shell-starts-up-hydrogen-electrolyser-in-china-with-20-mw-production-capacity/) - One of the world’s largest hydrogen electrolysers¹ has today started production of green hydrogen in Zhangjiakou, Hebei Province, China. The electrolyser will provide
- [Reliance's $75 billion plan aims to make India a hydrogen hub](https://www.oilandgasadvancement.com/news/reliances-75-billion-plan-aims-to-make-india-a-hydrogen-hub/) - Billionaire Mukesh Ambani’s ambitious effort to pivot his conglomerate Reliance Industries Ltd. toward green energy could transform India into a clean-hydrogen juggernaut.
- [KUFPEC makes first operated offshore exploration discovery](https://www.oilandgasadvancement.com/news/kufpec-makes-first-operated-offshore-exploration-discovery/) - Kuwait Foreign Petroleum Exploration Co. subsidiary KUFPEC Indonesia (Anambas) BV made a commercial discovery of gas and condensate in the Anambas block, offshore Indonesia.
- [Jindal SAW, Hunting Energy Services to build premium connection threading facility in India](https://www.oilandgasadvancement.com/press-releases/jindal-saw-hunting-energy-services-to-build-premium-connection-threading-facility-in-india/) - Jindal SAW, a pipe manufacturing company, has formed a new joint venture (JV) with Hunting Energy Services, a developer of premium connection solutions, to create India’s first premium OCTG 130,000 sq
- [OEG Offshore starts 2022 with exclusive distribution agreement](https://www.oilandgasadvancement.com/news/oeg-offshore-starts-2022-with-exclusive-distribution-agreement/) - OEG Offshore (OEG) has announced an exclusive distribution agreement with a leading provider of well completion installation solutions, Blue Manta International (Blue Manta), headquartered in Aberdeen, UK.
- [Data Gumbo expands smart contract network with Equinor](https://www.oilandgasadvancement.com/news/data-gumbo-expands-smart-contract-network-with-equinor/) - Data Gumbo, an industrial smart contract network company, has signed a contract with Equinor. The contract will provide the basis for companywide application of the GumboNet smart contract network within Equinor
- [bp and Oman form strategic partnership to progress significant renewable energy and hydrogen development](https://www.oilandgasadvancement.com/news/bp-and-oman-form-strategic-partnership-to-progress-significant-renewable-energy-and-hydrogen-development/) - bp and the Ministry of Energy and Minerals in Oman signed a Strategic Framework Agreement (SFA) and a Renewables Data Collection Agreement which will support the potential development of a multiple gigawatt
- [DNV Assesses Hydrogen Readiness of Hungarian Gas Pipeline](https://www.oilandgasadvancement.com/press-releases/dnv-assesses-hydrogen-readiness-of-hungarian-gas-pipeline/) - FGSZ Ltd, the owner and operator of the Hungarian high-pressure transmission natural gas pipeline system servicing gas distribution companies, power plants and large industrial consumers has commissioned DNV
- [Aramco expands European downstream presence with PKN Orlen investments](https://www.oilandgasadvancement.com/news/aramco-expands-european-downstream-presence-with-pkn-orlen-investments/) - The Saudi Arabian Oil Company, the world’s largest integrated energy and chemicals company, is expanding its global downstream presence with investments in Poland’s refining, wholesale, and jet fuel marketing segments.
- [Equinor awarded 26 new production licences on the Norwegian continental shelf](https://www.oilandgasadvancement.com/news/equinor-awarded-26-new-production-licences-on-the-norwegian-continental-shelf/) - Equinor awarded 26 new production licences on the Norwegian continental shelf
- [TotalEnergies partners with Oman on low-carbon natural gas projects](https://www.oilandgasadvancement.com/news/totalenergies-partners-with-oman-on-low-carbon-natural-gas-projects/) - PARIS – TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources.
- [Carbon+Intel - DNV and energy majors launch JIP to develop low-pressure CO2 transport by ships](https://www.oilandgasadvancement.com/press-releases/carbonintel-dnv-and-energy-majors-launch-jip-to-develop-low-pressure-co2-transport-by-ships/) - Equinor, Shell, TotalEnergies, Gassco and classification society DNV announced the kick-off of a new JIP to develop low-pressure solutions for the transportation of CO2 by ships.
- [ExxonMobil, SGN, Green Investment Group sign MoU to explore potential for Southampton Hydrogen hub](https://www.oilandgasadvancement.com/press-releases/exxonmobil-sgn-green-investment-group-sign-mou-to-explore-potential-for-southampton-hydrogen-hub/) - ExxonMobil, SGN, Green Investment Group sign MoU to explore potential for Southampton Hydrogen hub
- [TotalEnergies signs agreements for the development of low carbon natural gas projects](https://www.oilandgasadvancement.com/press-releases/totalenergies-signs-agreements-for-the-development-of-low-carbon-natural-gas-projects/) - TotalEnergies has signed with the Ministry of Energy and Minerals of the Sultanate of Oman a series of agreements for the sustainable development of the country’s natural gas resources.
- [Chevron Announces $15 Billion Capital and Exploratory Budget for 2022](https://www.oilandgasadvancement.com/market-reports/chevron-announces-15-billion-capital-and-exploratory-budget-for-2022/) - Chevron Corporation announced a 2022 organic capital and exploratory spending program of $15 billion, at the low end of its $15 to $17 billion guidance range and up more than 20% from 2021 expected levels.
- [Rosneft approves new strategy as step towards 2050 net zero emissions](https://www.oilandgasadvancement.com/news/rosneft-approves-new-strategy-as-step-towards-2050-net-zero-emissions/) - Russia's largest oil producer Rosneft said that its board has approved new strategy through to 2030 with the aim of achieving net zero emissions by 2050, earlier than President Vladimir Putin's deadline.
- [Chevron Phillips Chemical to build propylene unit in Baytown, Texas](https://www.oilandgasadvancement.com/news/chevron-phillips-chemical-to-build-propylene-unit-in-baytown-texas/) - Chevron Phillips Chemical announced today plans to expand its propylene business with a final investment decision for a new C3 splitter unit. The unit’s location will be in Baytown, Texas
- [Aker BP buys Lundin's oil and gas units for $10B, becoming major North Sea player](https://www.oilandgasadvancement.com/news/aker-bp-buys-lundins-oil-and-gas-units-for-10b-becoming-major-north-sea-player/) - Aker BP ASA agreed to buy the oil and gas business of Lundin Energy AB in a $10 billion deal that creates the second-largest producer on the Norwegian Continental Shelf.
- [Carbon+Intel - ADNOC and TAQA set $3.6 billion plan to decarbonize offshore operations](https://www.oilandgasadvancement.com/news/carbonintel-adnoc-and-taqa-set-3-6-billion-plan-to-decarbonize-offshore-operations/) - ADNOC and TAQA announced a $3.6 billion strategic project to significantly decarbonize ADNOC’s offshore production operations,
- [Neptune Energy extends drilling contract with Odfjell Drilling](https://www.oilandgasadvancement.com/press-releases/neptune-energy-extends-drilling-contract-with-odfjell-drilling/) - Neptune Energy announced it has extended a contract for Odfjell Drilling’s Deepsea Yantai drilling rig, to include three additional wells in the Norwegian North Sea next year.
- [KCA Deutag secures almost $185m of land drilling contracts in the Middle East region](https://www.oilandgasadvancement.com/news/kca-deutag-secures-almost-185m-of-land-drilling-contracts-in-the-middle-east-region/) - Global drilling, engineering and technology provider, KCA Deutag, has been awarded contracts worth almost $185m from leading exploration and production companies across key markets in the Middle East region.
- [Aker BP makes minor oil discovery near the Ula field in the southern North Sea](https://www.oilandgasadvancement.com/news/aker-bp-makes-minor-oil-discovery-near-the-ula-field-in-the-southern-north-sea/) - The well was drilled about 11 kilometres west of the Ula field in the southern North Sea and 275 kilometres southwest of Stavanger. The objective of the well was to prove petroleum in upper Jurassic reservoir rocks in the Ula Formation (Vestland Group).
- [Empyrean Energy executes drilling contract for Jade Prospect, Block 29/11, offshore China](https://www.oilandgasadvancement.com/press-releases/empyrean-energy-executes-drilling-contract-for-jade-prospect-block-29-11-offshore-china/) - Empyrean Energy, the oil and gas development company with interests in China, Indonesia and the United States, has advised that the Integrated Drilling Contract ('IDC')
- [Zephyr Energy announces production of first hydrocarbons at the State 16-2LN-CC well](https://www.oilandgasadvancement.com/press-releases/zephyr-energy-announces-production-of-first-hydrocarbons-at-the-state-16-2ln-cc-well/) - Zephyr Energy, the Rocky Mountain oil and gas company focused on responsible resource development from carbon-neutral operations
- [Equinor awarding major Wisting assignments to Norwegian industry](https://www.oilandgasadvancement.com/news/equinor-awarding-major-wisting-assignments-to-norwegian-industry/) - Equinor has signed a contract with Aker Solutions for front-end engineering and design (FEED) of a floating production and storage vessel (FPSO) for the Wisting field.
- [Maersk Drilling announces agreement to merge with Noble](https://www.oilandgasadvancement.com/press-releases/maersk-drilling-announces-agreement-to-merge-with-noble/) - The Drilling Company of 1972 A/S announced that it has entered into a definitive agreement to combine with Noble Corporation (“Noble”) in a primarily all-stock transaction.
- [Lummus and Braskem Partner to License Technology for Two Green Ethylene Projects](https://www.oilandgasadvancement.com/press-releases/lummus-and-braskem-partner-to-license-technology-for-two-green-ethylene-projects/) - Lummus Technology announced that it has executed a memorandum of understanding (MoU) with Braskem Netherlands B.V., a subsidiary of Braskem, the largest biopolymer producer in the world.
- [Saudi Aramco awards Worley a services contract at Ras Tanura refinery](https://www.oilandgasadvancement.com/news/saudi-aramco-awards-worley-a-services-contract-at-ras-tanura-refinery/) - Worley has been awarded a services contract for a residue upgrade project at Saudi Aramco’s Ras Tanura refinery.
- [Air Products to develop $4.5-B clean energy complex](https://www.oilandgasadvancement.com/news/air-products-to-develop-4-5-b-clean-energy-complex/) - Gov. John Bel Edwards and Air Products’ Chairman, President and CEO Seifi Ghasemi announced the company will develop a $4.5 billion clean energy complex near Burnside in Ascension Parish.
- [ExxonMobil announces FID for mega China petchem project](https://www.oilandgasadvancement.com/news/exxonmobil-announces-fid-for-mega-china-petchem-project/) - U.S. oil and gas major ExxonMobil announced it had made a final investment decision (FID) to build a multi-billion dollar petrochemical complex in south China's Guangdong province.
- [Shell-Technip Energies test latest Cansolv CO2 capture technology](https://www.oilandgasadvancement.com/news/shell-technip-energies-test-latest-cansolv-co2-capture-technology/) - Technip Energies and Shell Catalysts & Technologies announce that their jointly developed improvements on the Cansolv CO2 Capture technology are being tested in a pilot plant campaign at Fortum Oslo Varme’s Waste to Energy plant.
- [PipeChina invests $3.8bn to boost natural gas supplies](https://www.oilandgasadvancement.com/news/pipechina-invests-3-8bn-to-boost-natural-gas-supplies/) - PipeChina has reportedly made an investment of $3.8bn to boost gas supplies ahead of its winter season when demand is anticipated to surge.
- [East Coast Cluster selected as one of the UK's first two carbon capture and storage projects](https://www.oilandgasadvancement.com/press-releases/east-coast-cluster-selected-as-one-of-the-uks-first-two-carbon-capture-and-storage-projects/) - The East Coast Cluster (ECC) has been named as one of the UK’s first carbon capture, usage and storage clusters following a successful bid to the Department for Business, Energy & Industrial Strategy (BEIS).
- [ExxonMobil plans to increase carbon capture at LaBarge, Wyoming facility](https://www.oilandgasadvancement.com/press-releases/exxonmobil-plans-to-increase-carbon-capture-at-labarge-wyoming-facility/) - ExxonMobil today initiated the process for engineering, procurement and construction contracts as part of its plans to expand carbon capture and storage (CCS) at its LaBarge
- [Guyana seeks a 135-mile subsea gas pipeline to extend its energy win streak](https://www.oilandgasadvancement.com/news/guyana-seeks-a-135-mile-subsea-gas-pipeline-to-extend-its-energy-win-streak/) - Guyana will likely become one of South America’s top oil producers over the next four years, but the world’s newest petrostate increasingly sees gas as the bedrock for growing its domestic economy.
- [Aramco expands climate goals, stating ambition to reach operational net-zero emissions by 2050](https://www.oilandgasadvancement.com/news/aramco-expands-climate-goals-stating-ambition-to-reach-operational-net-zero-emissions-by-2050/) - Aramco expands climate goals, stating ambition to reach operational net-zero emissions by 2050
- [McDermott Selected for Engineering and Procurement Phase of Mega Gas Chemical Complex Project in Russia](https://www.oilandgasadvancement.com/press-releases/mcdermott-selected-for-engineering-and-procurement-phase-of-mega-gas-chemical-complex-project-in-russia/) - McDermott has signed a Letter of Guarantee to deliver engineering and procurement for the ethylene cracker of the Gas Chemical Complex project, the largest polyethylene integration project in the world.
- [Inpex, Idemitsu partner on Norway upstream projects](https://www.oilandgasadvancement.com/news/inpex-idemitsu-partner-on-norway-upstream-projects/) - Japanese upstream firm Inpex is partnering refiner Idemitsu to develop and operate oil and gas fields in Norway, after taking a majority stake in Idemitsu Snnore Oil Development (ISD).
- [Equinor makes material light oil discovery in Norwegian Sea](https://www.oilandgasadvancement.com/news/equinor-makes-material-light-oil-discovery-in-norwegian-sea/) - Equinor has made a material oil discovery near it Asgard field in the Norwegian Sea with up to 63 million barrels of recoverable resources, the company's block partner said Oct. 25.
- [Denbury and Mitsui Announce MOU and Start of Joint Evaluation for Low-Carbon Solutions Opportunities](https://www.oilandgasadvancement.com/press-releases/denbury-and-mitsui-announce-mou-and-start-of-joint-evaluation-for-low-carbon-solutions-opportunities/) - Denbury Onshore, LLC, a subsidiary of Denbury Inc. and Mitsui E&P USA LLC, a subsidiary of Mitsui & Co., Ltd, announce they have commenced a joint evaluation of potential opportunities in the U.S. Gulf Coast to develop
- [Hiber signs deal with Shell for remote IoT well monitoring system](https://www.oilandgasadvancement.com/press-releases/hiber-signs-deal-with-shell-for-remote-iot-well-monitoring-system/) - Hiber, an industrial IoT as-a-service startup company, has signed an agreement with Shell to provide well-integrity monitoring solutions globally.
- [Chevron, Caterpillar Announce Collaboration Agreement on Hydrogen](https://www.oilandgasadvancement.com/press-releases/chevron-caterpillar-announce-collaboration-agreement-on-hydrogen/) - Chevron and Caterpillar Inc. announced a collaboration agreement to develop hydrogen demonstration projects in transportation and stationary power applications, including prime power.
- [Suncor forms pipeline partnership with eight Indigenous communities](https://www.oilandgasadvancement.com/news/suncor-forms-pipeline-partnership-with-eight-indigenous-communities/) - Suncor Energy has signed agreements with eight Indigenous communities in the Regional Municipality of Wood Buffalo to acquire all of TC Energy’s 15% interest in the Norther Courier Pipeline LP. The value of the share is about $1.3 billion.
- [Chevron, Mercuria Announce CNG Fueling Network Joint Venture](https://www.oilandgasadvancement.com/press-releases/chevron-mercuria-announce-cng-fueling-network-joint-venture/) - Chevron U.S.A. Inc., a subsidiary of Chevron Corporation, announced the signing of definitive agreements to form a joint venture with Mercuria Energy
- [Calumet partners with Burns & McDonnell for renewable diesel project](https://www.oilandgasadvancement.com/news/calumet-partners-with-burns-mcdonnell-for-renewable-diesel-project/) - Leading the energy transition in the Pacific Northwest, Calumet Specialty Products Partners, L.P. is converting a significant portion of its Great Falls facility..
- [NextChem, Johnson Matthey team up to commercially develop waste-to-methanol technology](https://www.oilandgasadvancement.com/press-releases/nextchem-johnson-matthey-team-up-to-commercially-develop-waste-to-methanol-technology/) - A new milestone in Maire Tecnimont Group’s green acceleration roadmap: MyRechemical, NextChem’s subsidiary dedicated to waste-to-chemical technologies, and Johnson Matthey
- [Mubadala Petroleum, Eni team up on energy transition](https://www.oilandgasadvancement.com/news/mubadala-petroleum-eni-team-up-on-energy-transition/) - Mubadala Petroleum, a wholly owned subsidiary of Mubadala Investment Company, and Eni signed a Memorandum of Understanding (MoU) aimed at identifying cooperation opportunities in the energy
- [World's largest plant capturing carbon from air starts in Iceland](https://www.oilandgasadvancement.com/news/worlds-largest-plant-capturing-carbon-from-air-starts-in-iceland/) - The world's largest plant that sucks carbon dioxide directly from the air and deposits it underground is due to begin operating, the company behind the nascent green technology said.
- [Chevron, Gevo join hands to invest in sustainable aviation fuel](https://www.oilandgasadvancement.com/news/chevron-gevo-join-hands-to-invest-in-sustainable-aviation-fuel/) - U.S oil major Chevron Corp and renewable energy firm Gevo Inc will jointly invest in building and operating one or more facilities that would process corn to produce sustainable aviation fuel, the companies said.
- [TotalEnergies partners with AirLiquide to develop low-carbon hydrogen in Normandy](https://www.oilandgasadvancement.com/press-releases/totalenergies-partners-with-airliquide-to-develop-low-carbon-hydrogen-in-normandy/) - TotalEnergies and Air Liquide are joining forces to decarbonise hydrogen production at TotalEnergies’ Normandy platform in France.
- [Honeywell and Preem conduct commercial co-processing trial to produce renewable fuel](https://www.oilandgasadvancement.com/press-releases/honeywell-and-preem-conduct-commercial-co-processing-trial-to-produce-renewable-fuel/) - Honeywell has announced the completion of a commercial refinery trial with Preem AB for co-processing of biomass-based pyrolysis oil in a fluidised catalytic cracking (FCC) unit.
- [SITC and Xiamen port collaborate on container shipping expansion](https://www.oilandgasadvancement.com/news/sitc-and-xiamen-port-collaborate-on-container-shipping-expansion/) - The two parties will jointly develop international shipping routes, cargo transhipment, global logistics chain service, cross-border e-commerce logistics platform and port cargo hinterland resources expansion.
- [Lundin Energy completes Lille Prinsen appraisal wells in Norwegian North Sea](https://www.oilandgasadvancement.com/news/lundin-energy-completes-lille-prinsen-appraisal-wells-in-norwegian-north-sea/) - Lundin Energy announced the successful completion of two appraisal wells on the Lille Prinsen discovery, north of the Edvard Grieg field in the North Sea.
- [Energean selects Halliburton for offshore Israel drilling campaign](https://www.oilandgasadvancement.com/news/energean-selects-halliburton-for-offshore-israel-drilling-campaign/) - Halliburton Company announced it was awarded an integrated services contract to execute a three to five well drilling and completions campaign for Energean, an independent E&P
- [Transocean lands $252 million contract for new ultra-deepwater drillship](https://www.oilandgasadvancement.com/news/transocean-lands-252-million-contract-for-new-ultra-deepwater-drillship/) - Transocean announced that BOE Exploration & Production LLC awarded Transocean a $252 million firm contract for its newbuild ultra-deepwater drillship
- [bp, ADNOC and Masdar to form strategic partnership to provide clean energy solutions for UK and UAE](https://www.oilandgasadvancement.com/press-releases/bp-adnoc-and-masdar-to-form-strategic-partnership-to-provide-clean-energy-solutions-for-uk-and-uae/) - bp, ADNOC and Masdar have signed three agreements with the potential to lead to billions of dollars of investment into clean and low carbon energy, creating potentially thousands of energy jobs.
- [Aquaterra Energy signs three-year Angola platform contract with supermajor](https://www.oilandgasadvancement.com/news/aquaterra-energy-signs-three-year-angola-platform-contract-with-supermajor/) - Aquaterra Energy has secured a multi-million-dollar master engineering and design service agreement with a supermajor to deliver multiple Sea Swift platforms over a three-year period.
- [ExxonMobil's offshore Guyana win streak continues with Pinktail discovery](https://www.oilandgasadvancement.com/press-releases/exxonmobils-offshore-guyana-win-streak-continues-with-pinktail-discovery/) - ExxonMobil announced a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon bearing sandstone reservoirs.
- [Woodside and BHP to create a global energy company](https://www.oilandgasadvancement.com/press-releases/woodside-and-bhp-to-create-a-global-energy-company/) - Woodside Petroleum Ltd (Woodside) and BHP Group (BHP) have entered into a merger commitment deed to combine their respective oil and gas portfolios by an all-stock merger.
- [ABB wins $120m deal for Chevron's Jansz-Io project off Australia](https://www.oilandgasadvancement.com/press-releases/abb-wins-120m-deal-for-chevrons-jansz-io-project-off-australia/) - ABB will supply the overall electrical power system (EPS) for the multi-billion dollar Jansz-Io Compression (J-IC) project offshore Australia after winning contracts with Chevron and Aker Solutions worth $120 million.
- [Bapco lets contract for Sitra refinery modernization, expansion program](https://www.oilandgasadvancement.com/news/bapco-lets-contract-for-sitra-refinery-modernization-expansion-program/) - Bahrain Petroleum Co. has let a long-term contract to Advanced Refining Technologies LLC to deliver a series of services for a grassroots residue hydrocracking unit to be built as part of the operator’s Bapco Modernization Program now under way.
- [Aramco announces second quarter and half-year 2021 results](https://www.oilandgasadvancement.com/market-reports/aramco-announces-second-quarter-and-half-year-2021-results/) - The Saudi Arabian Oil Company announced its second quarter 2021 financial results, reporting a 288% increase in net income from the same quarter of last year to $25.5 billion
- [API launches new edition of cybersecurity standard for pipelines](https://www.oilandgasadvancement.com/news/api-launches-new-edition-of-cybersecurity-standard-for-pipelines/) - The American Petroleum Institute (API) has published its 3rd Edition of Standard (Std) 1164, ‘Pipeline Control Systems Cybersecurity’
- [Eni starts production of Cuica field deep offshore Angola](https://www.oilandgasadvancement.com/news/eni-starts-production-of-cuica-field-deep-offshore-angola/) - Eni started production of the Cuica Field, in Block 15/06 of the Angolan deep offshore, via the Armada Olombendo Floating Production Storage and Offloading (FPSO) vessel on 30th July 2021, just over 4 months from discovery.
- [Maersk secures green e-methanol for worlds first carbon neutral container ship](https://www.oilandgasadvancement.com/press-releases/maersk-secures-green-e-methanol-for-worlds-first-carbon-neutral-container-ship/) - A.P. Moller - Maersk announced that European Energy subsidiary REintegrate will produce green fuel for its first vessel to operate on carbon neutral methanol.

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