Oil and Gas
Aker BP Discovers Major Oil Reserve Near Yggdrasil
Aker BP’s discovery near Yggdrasil marks a key milestone in North Sea oil exploration, expanding production potential and energy supply.
Oil and gas remain fundamental pillars of the global energy system. This category features news covering exploration activities, production developments, strategic investments, and major projects related to the hydrocarbon industry across different regions of the world.
Coverage includes new resource discoveries, expansion of production operations, partnerships between energy companies, and technological advancements supporting exploration and hydrocarbon development. News also highlights market dynamics, corporate strategies, infrastructure projects, and industry initiatives influencing the global supply of oil and natural gas.
Stories in this category reflect how the sector continues to evolve in response to energy demand, technological innovation, and the broader energy transition, while maintaining a central role in the global energy landscape.
Latest Oil and Gas News
Oil and Gas
Bangladesh Reveals Epic Find: New Gas Field Discovered in Bhola
Inspenet, May 22, 2023 The Bangladeshi government announced the discovery of a new gas field in the southern district of Bhola. Bangladesh Minister of…
Oil and Gas
The future of fracking is green: Eco2power and QM Equipment develop novel natural gas-powered frac pump
Inspenet, May 21, 2023 Eco2power and QM Equipment have completed the tests of their frac pump with a power of 5,000 HP powered by…
Oil and Gas
Adnoc’s New Heavy Crude: A Game-Changer in Oil Industry
Adnoc introduces a heavier crude grade, influencing refining strategies and global oil market trends.
Oil and Gas
Incredible find! Petrobras finds oil in a new exploratory well in the Santos Basin
Inspenet, May 19, 2023 Petrobras informs that it has identified the presence of hydrocarbons in the pre-salt of the Santos Basin in Brazil, in…
Oil and Gas
Shell dives into deep water with the help of AI for oil exploration
Inspenet, May 18, 2023 The company Shell, in alliance with SparkCognition, will enter the world of Artificial Intelligence (AI) to boost oil production through…
Oil and Gas
Pemex plans to buy Monterra Energy fuel storage terminal for $320 million
Inspenet, May 18, 2023 Petróleos Mexicanos (Pemex) is in talks to buy KKR & Co's Monterra Energy fuel storage terminal in Tuxpan, Veracruz.
Oil and Gas
MIT-World Peace University inaugurates the most innovative underwater laboratory in Asia to boost the oil and gas industry
Inspenet, May 16, 2023 MIT-World Peace University (WPU) has built the first underwater research laboratory in Asia, with the aim of fostering multidisciplinary talent…
Oil and Gas
Mexico is positioned in the global LNG market: 3 new liquefaction plants under construction
Inspenet, May 15, 2023 The President of Mexico, Andrés Manuel López Obrador (AMLO), announced that natural gas liquefaction plants are under construction in three…
Oil and Gas
India’s state-owned company ONGC announced a key offshore oil and gas discovery
Inspenet, May 14, 2023 India's state-owned exploration and production company ONGC has made what it describes as a key oil and gas discovery in…
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