August 2024

Libya’s Oil Industry in 2024: Challenges and Prospects

by admin|27 August 202427 August 2024|Industry News

In 2024, Libya's oil industry is navigating a complex landscape marked by both significant challenges and promising opportunities. The Libyan National Oil Corporation (NOC) has set ambitious goals to increase production capacity to two million barrels per day within the...

Europe Faces Negative Power Prices Amid Renewable Energy Surge

by admin|21 August 202421 August 2024|Environment News

In recent months, Europe has witnessed a surprising and significant economic event: negative power prices. This phenomenon, where electricity producers must pay consumers to take their power, has raised eyebrows across the continent. While it may seem counterintuitive, negative power...

Decline in US Oil & Gas Jobs Amid Record Production

by admin|12 August 202412 August 2024|Industry News

The US oil and gas industry is experiencing a paradoxical trend: record-breaking production levels coupled with a significant decline in employment. Despite the United States achieving unprecedented oil and gas output, the number of jobs in the sector has been...

ONGC’s Discovery of Five New Oil and Gas Sources Boosts Indian Industry

by admin|07 August 202407 August 2024|News

India’s Oil and Natural Gas Corporation (ONGC) recently announced the discovery of five new oil and gas sources, marking a significant development for the country’s energy industry. These discoveries were made in multiple regions, both onshore and offshore, and promise...