India is set for the largest increase in energy demand of any country over the next 20 years. This underscores the potential for policies and investment to accelerate the clean energy transition, the International Energy Agency (IEA) said in a new report.
The Indian government is trying to persuade ExxonMobil to take stakes in offshore acreage controlled by state-backed Oil & Natural Gas Corporation (ONGC).
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
China Oilfield Services Limited (COSL) is expected to have another solid year in 2021 as offshore capital spending is set to surge to record levels in China.
CNOOC, China’s third-biggest oil company, aims to raise its capital spending this year to between 90 billion and 100 billion yuan ($15 billion), the highest level since 2014, bucking the industry trend.
Indonesia’s national oil company (NOC) Pertamina is preparing to take at least one of its business units public during the second-half 2021.
Malaysian national oil company (NOC) Petronas said that it is making every effort to ensure the safety of about 155 workers that are sub-contracted on a barge servicing its Yetagun platform in the Andaman Sea off Myanmar following the military coup.
The Asia Pacific region offers plenty of opportunities for the UK’s subsea engineering sector, both in the traditional oil and gas business, as well as the rapidly expanding renewable energy industry, reckons Subsea UK.
The bloodless military coup in Myanmar has triggered some upstream companies to assess whether they should activate force majeure clauses in their production-sharing contracts (PSCs) with the government.
Petronas MPM has officially introduced Malaysia’s Small Fields Asset (SFA) production-sharing contract framework as part of an effort to revive its domestic upstream sector and lure new money.
The scale of the challenges posed by the energy transition make tackling it a daunting prospect.
As the UK prepares to host the United Nations Climate Change Conference (COP26) in Glasgow in November, we’re doing all we can to help others understand and see our industry’s crucial contribution towards delivering a net-zero economy.
As many of you reading this will know, ASCO operates under two fundamental obsessions – Safety and Service excellence. However, as of last month, we added a third obsession: Sustainability.
The atmosphere in Myanmar remains volatile after the military seized power from the National League for Democracy (NLD) government and is creating logistical challenges for upstream companies, including Woodside Energy, that operate in the country.
Myanmar faces a potential energy crunch following a bloodless military coup that is set to delay urgent upstream investment and derail vital liquefied natural gas (LNG) import projects.
Australia could offer a $26 billion renewable power generation investment opportunity this decade if the government can implement an ambitious long-term Renewable Energy Target (RET) to reverse a slowdown in wind and solar spending.
During an intense period of challenge for the energy sector in the midst of a global pandemic, securing the future of Aberdeen as Europe’s oil and gas capital has never been more important.
This coming decade will be defined by three historic, global challenges: building a resilient recovery from the devastating Covid-19 pandemic; achieving the UN goal of universal access to energy for all populations; and charting an ambitious course - at COP26 and beyond - for tackling the threat we all face from the climate emergency.
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
Will you be compliant with International Maritime Organization (IMO) regulations by September 2024?
Mental Health is about the way we cope with the different things that are happening in our lives and how things can affect our emotions.
A full month into 2021 and we are past the point of making predictions for the year ahead, other than unpredictability and uncertainty likely to remain the case for some time yet in the energy sector.
The winds are changing and blades in motion as offshore wind becomes the next economic and environmentally sound option for oil and gas companies to diversify into.
This November, the world’s heads of state, climate experts and campaigners are expected to come together in Glasgow for the COP26 summit to discuss action to accelerate towards the goals of the Paris Agreement. Hosted by the UK this latest United Nations Climate Change conference will be a pivotal moment in history and comes at a time when the world faces the twin existential crises of climate change and the coronavirus pandemic.