Natural gas share of energy mix will rise to 26% in 2050: GE

The energy demand is expected to rise 22 per cent by 2050 and the natural gas share in the energy mix will go from 23 per cent today to 26 per cent in 2050, according to a new study. The Gas Exporting Countries Forum (GECF) launched the lat...

China Signs 25-Year Contract With Taliban to Produce Oil

China Signs 25-Year Contract With Taliban to Produce Oil in Afghanistan 09 Jan 2023 by Bloomberg (Bloomberg) --The Taliban-led administration in Afghanistan signed its first international contract on Jan. 5 to extract oil from the northern...

Egypt Makes 53 New Oil And Gas Discoveries In 2022

Egypt Makes 53 New Oil And Gas Discoveries In 2022 Egypt has witnessed a spike in its energy reserves in 2022, with 53 new oil and gas discoveries, according to a report by the countrys Ministry of Petroleum and Mineral Resources. The new d...

Turkey’s Natural Gas Find in Black Sea Now Comes to 710 Bcm

ISTANBUL, Dec 26 (Reuters) - The total volume of natural gas Turkey has discovered in the Black Sea now amounts to 710 billion cubic metres (bcm) after a new field was located and a previous find was revised higher, President Tayyip Erdogan...

QatarEnergy TotalEnergiesAnd Petronas Win Offshore In Brazil

A consortium of three oil and gas giants Qatars QatarEnergy, Frances TotalEnergies, and Malaysias Petronas have been awarded an offshore exploration block during the first cycle of Brazils open acreage under a production sharing regime bid...

Saudi Arabia Makes More Unconventional Gas Discoveries

Saudi Arabias oil giant Aramco has discovered two unconventional natural gas fields in the eastern part of the country, Energy Minister Prince Abdulaziz bin Salman said on Wednesday. The Awtad unconventional gas field has been discovered so...