Rigzone Industry News

NewMed Energy and its co-venturers in the Leviathan field offshore Israel received an initial permit from the Energy Ministry to raise its natural gas allotment for overseas markets.

'Recent structural changes to the Norwegian upstream industry have favored an increasingly small group of very large companies with long-term investment horizons and access to low cost of capital'.

The EU disbursed a record $3.2 billion to 10 countries under a clean energy financing program for poorer members.

'Labour's manifesto ... includes changes to tax allowances, an end to new exploration, and an increase and extension to the existing energy profit levy', the analysts said.

Advocates of rival petroleum- and plant-based fuels are joining forces to challenge new Biden administration pollution limits.

'There will be a strong growth in LNG regasification terminals in China by 2028', Bhargavi Gandham, an oil and gas analyst at GlobalData, said.

Goldman Sachs Research predicts that the global gas market will grow 50 percent in the next five years, as LNG investments rise more than 50 percent in 2029 and oil investment growth peaks in non-OPEC countries.

'This investment in NATPET reflects our commitment to grow and upgrade our core businesses and strengthen our presence in Saudi Arabia through a new long-term partnership'.

'Libya's short- and medium-term economic outlook is dominated by the dynamics of hydrocarbon production'.

'Any extended delays in publication of guidance for the Sec. 45Z credit may disrupt project timelines, impede capital flows, and threaten existing production and demand for low carbon renewable fuels'.