Shell planning to drill in the Gulf of Mexico for oil extraction
US President Joe Biden is considering opening the gates for drilling in the Gulf of Mexico....
Category : Oil & Gas
Europe told to buckle-up as Russia set to turn off gas exports
The development comes after Europe was warned by the head of the International Energy Agency that Russia is planning to cut off the gas exports....
Kuwait oil revenues reach $38.10 bn in 2021
The gulf OPEC member recorded a budget deficit of Dh682.4 mn in the first nine months of the fiscal year...
Brazil auctions two large oil blocks, raises $2 bn
Total, Shell, Petronas and Petrobras among the winning bidders...
Petrobras hands contract to Offshore driller Seadrill for work in the Búzios field
Seadrill will commence work on December 2022 and the contract is for 1,040 days...
Saudi Aramco to continue seeking business opportunities in India
The announcement comes after Reliance Industries scrapped a plan to sell a stake in its oil-to-chemical unit...
Kuwait backs OPEC+ plan to increase oil output
OPEC+ announced a monthly increase of 400,000 barrels to ensure the oil supply balance in the global market...
Petrobras mulls selling 100% stake in the Catua Field, in the Campos Basin
The field is located around 128 kilometers from the coast...
Brazilian President Bolsonaro is considering Petrobras privatisation
A decision however is not been made as of yet...