Oil & Gas

PetroSA, the Oil and Gas Corporation of South Africa, and Rosgeo, geological exploration company of the Russian Federation, have signed an agreement that will see about US$400 Million invested in oil and gas development. The agreement was signed in the...
With the use of seismic imaging, BP PLC has identified more than 200 million barrels (MMbbl) of additional oil resources at its Atlantis Oil Field in the Gulf of Mexico. Seismic imaging enables the oil giant to enhance the...
Learning from previous lack of success, oil rig operators these days are embracing the great things the digital world is offering to boost production and efficiency. Over the years, the crude oil market has experienced the worst crashes. With...
The Russian company, Diakont, has developed a new robot that can get into difficult-to-inspect portions of gas pipelines, lessening the probability of oil spills. Running millions of miles, oil pipelines in the US are not all that safe. According to...
European companies, Siemens AG and ABB Group, are collaborating with exploration and production firms (E&Ps) to develop unmanned and automated submerged oil platforms. According to Siemens, these new platforms are self-sufficient and better than traditional oil and gas extraction factories,...
A team of researchers in the US has developed a new method to lower the sulfur content of fossil fuels, specifically diesel fuel. Fuels that are rich in sulfur produce sulfur dioxide that, when combusted, will react with water...
As Uganda starts producing ethanol, its government revealed that it will enact a law that will allow the blending of such type of alcohol and petrol, hoping that it will save the country millions of dollars in foreign exchange. According...
Abu Dhabi’s integrated oil and gas company has said it will expand its use of Enhanced Oil Recovery (EOR) and Extended Reach Drilling (ERD) technologies as part of its plans to maximise the value of its resources. ADNOC intends to...
GLENCORE’S Ivan Glasenberg made a stunning return to deal-making after 18 months of austerity by joining its 9% shareholder Qatar Investment Authority (QIA) in a €10.5bn swoop for 19.5% of Russian oil company, Rosneft. The Financial Times said the deal...
The Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) posted continued global success, celebrating a milestone year in its 19th edition, and realising ongoing industry acclaim from world oil and gas leaders. More than 8,500 delegates, 2,000 exhibiting companies, 700...

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