News
Biden Says Far Above Normal Refinery Profitability Not Fair
President Joe Biden called on U.S. oil refining businesses to increase production on June 15th, saying that customers should not...
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Oil Supply Is Expected To Trail Behind Demand Next Year
Following 3 years of COVID-19 lockdowns and the economic catastrophe of the Ukraine crisis, global oil demand will surge above...
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Central American Development Bank Grants $800mn Loan On Fuel Relief
On June 3, a Central American development bank announced that it had authorised an $800 million credit to protect local...
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Russia Counters EU Oil Ban Vowing It Will Find Other Buyers
Shortly after the world's largest trading bloc agreed to put a partial embargo on Russian crude, Moscow committed to finding...
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Quest For Russian Gas Options By Europe Hits Roadblocks
Europe is facing stumbling blocks in its potential alternative to Russian gas in the Middle East and North Africa, as...
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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...
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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...
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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...
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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. Seadrill has...
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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...
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Oil and Gas Advancement is an information centric knowledge sharing platform focused on the latest news in the B2B oil and gas sector bringing to our audiences B2B updates on upstream, downstream, pipeline and transport categories providing information on the latest projects and developments.