Industry News

According to the latest GlobalData report, the oil and gas industry is experiencing a slowdown in its energy transition efforts. The report highlights that despite the growing global emphasis on sustainability and reducing carbon emissions, the pace at which the...

The Nigerian National Petroleum Corporation (NNPC), a state-owned entity, recently acknowledged its substantial debt of $6 billion to petrol suppliers. This admission, made in early September 2024, marks a significant development in the Nigerian oil industry, which has been grappling...

Recently, a significant reserve of oil and gas was discovered in Pakistan's territorial waters. This finding came after a three-year geographical survey conducted in collaboration with a friendly country. The identification of these reserves could mark an important milestone for...

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...

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...