Extractive 360
INTERNATIONAL NEWS
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99UK Offshore Workers To Take Strike Action In Dispute Over Pay
Trade union Unite confirmed on Friday that 200 Sparrows offshore workers in the UK will take strike action in a dispute over...
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106Shell, Petrobras To Collaborate On Upstream, Decarbonization Opportunities At CERAWeek 2023
Jean Paul Prates, the CEO of Petrobras and Wael Sawan, the CEO of Shell, signed a Memorandum of Understanding during CERAWeek by...
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119Indonesia Invites Oil And Gas Operators To Set Up Carbon Capture Facilities
Oil and gas companies operating in Indonesia are being encouraged to install carbon capture facilities in their working areas, the Energy Ministry...
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155CNOOC Raises Production Target, Capex Budget For 2023
CNOOC Ltd. raised its production target and capital expenditure budget for 2023. The company is targeting net production of 650-660 MMboe, of...
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134WoodMac: Global upstream Challenges To Compound In 2023
Upstream oil and gas companies made progress restoring confidence and repairing balance sheets in 2022, but challenges the industry faces will compound...
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167EU Agrees On $60/bbl Cap On Russian Oil In Revenue Reduction Efforts
The European Union (EU) has agreed to cap Russian seaborne oil prices to other destinations at $60/bbl. The deal was made after...
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190EIA: US Proved Oil Reserves Increase 16% In 2021
Proved reserves of US crude oil and lease condensate increased by 6.2 billion bbl (+16%) to 44.4 billion bbl at yearend 2021...
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168Eni launches Second FLNG Project For Republic Of Congo
Eni has signed a contract with Wison Heavy Industry for the construction and installation of a floating LNG (FLNG) unit with a capacity...
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209OPEC Inaugurates 2022 World Oil Outlook At ADIPEC
The Organisation of Petroleum Exporting Countries (OPEC) on Monday inaugurated its 2022 World Oil Outlook (WOO). The WOO was inaugurated at the...