International
Selected high-end diesel car model sales down 95% in Norway as EVs gain momentum
Sales of certain diesel models are in free-fall as Norwegians turn to Tesla and other makers of premium electric vehicles (EV), Rystad Energy finds. Norway is leading the global shift towards private EV transportation, with the highest EV ownership per capita in the...
2019 World Oil Awards finalists announced
World Oil and Gulf Energy Information are pleased to announce the finalists for the 2019 World Oil Awards. For 18 years, these prestigious awards have recognized and honored the upstream energy industry’s leading innovators and innovations and recognized step changes...
OPEC sees ‘somewhat bearish’ oil outlook even as market tightens
LONDON (Bloomberg) - Global oil markets face a “somewhat bearish” outlook for the rest of the year amid slowing economic growth and the long-running trade war, even though supplies will be tighter than previously thought, OPEC said. The Organization of Petroleum...
GulfDrill JV inks $656 million jackup contract with Qatar Petroleum
HAMILTON, BERMUDA - Seadrill and Gulf Drilling International have entered into a 50:50 joint venture, GulfDrill, which will initially manage and operate five premium jackups in Qatar with Qatar Petroleum commencing throughout 2020. The five firm, well-based contracts...
SSE welcomes Glasgow bid for 2020 UN climate summit
SSE has welcomed the announcement made by Claire Perry, the UK-nominated president for Conference of the Parties 26 (COP26), that Glasgow is the selected venue for the UK’s bid to host the United Nation’s 2020 climate change summit. Next year’s UN conference is...
EY collaborates with the World Energy Council for innovation in energy
The World Energy Council is pleased to announce the collaboration with EY on the topic of innovation in energy and their platinum sponsorship for the 24thWorld Energy Congress, to be held between 9-12 September 2019, at Abu Dhabi, UAE. EY will play an integral role by...
US $434.5m petroleum revenues recorded in first half of 2019
For the first half of 2019, the country made a total of US$ 434.5 million in oil sale proceeds from its three operational oil fields as well as in fees and taxes charged for the period. A report from the Bank of Ghana (BoG) outlines the crude liftings of Ghana as well...
U.S. oil sanctions leave Russian exporters $1 billion richer
MOSCOW (Bloomberg) - U.S. sanctions against Iran and Venezuela have inadvertently increased demand for a Russian brand of crude oil, boosting revenues for the nation’s exporters. Russian oil companies received at least $905 million in additional revenues between...
UK blackout proved need for diverse energy mix, says business secretary
UK Business Secretary Andrea Leadsom has set out the scope of the government's investigation into the power cut that affected a million homes and caused travel disruption across England and Wales on 9 August as generators cut off unexpectedly around 5.00pm. The...
World’s largest tanker starts 12,400-mile journey to meet IMO regulations
LONDON (Bloomberg) - The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. More than 1,200 feet long, 16 years old, and able to...
