CNG Holdings aims to educate the equipment manufacturers and the private sector about the various benefits of Compressed Natural Gas (CNG) during an expo to be scheduled on July 11th and 12th at the Kyalami International Grand Prix Circuit and Conference Centre. Wayne Williams, the Group Sales and Marketing manager of CNG Holdings talks about...Continue Reading

The future of major oil companies is now dependent on the fate of natural gas more than ever before. Major companies like BP and Royal Dutch Shell have already hiked their gas output in the past years. Natural gas is considered the best alternative as it offers a long-term growth in demand due to the...Continue Reading

In a recent survey performed by Oil and Gas people in alliance with KPMG, more than 95% of the oil and gas workers reported that they suffered from financial problems due to the downturn in the oil industry. More than 50% of the respondents admitted an increase in debt over the years while 35% of...Continue Reading

As demand continues to increase, the global oil industry needs to look for another North Sea or Iraq to meet the shortage of supply, says Majid Zafar, CEO of Crescent Petroleum. The problem of underinvestment lies in the image of the oil industry developed over the years. People think that it is dying and not...Continue Reading

Shell Gas Holdings (Malaysia) Limited made an announcement regarding the sale of equity in Malaysia LNG Tiga Sdn Bhd (MLNG Tiga) for US$750 million. The economic date of the transaction is Sept 1, 2017, and Shell has been paid a final amount of US$640 million after the dividend adjustments. The sale is in line with...Continue Reading

Before the meet in Vienna, the OPEC members discuss a modest hike in oil output in order to strike a balance between Russia’s proposal for a big hike and Iran’s opposition for no change in production.   A compromise in the output hike indicates that the resulting increase in supply might be lower than the...Continue Reading

Upland Resources has raised a fund of £3 million through a share placing, winning support from both existing and new investors. Upland also said that the fundraising will strengthen the balance sheet of the company ahead of a busy schedule which includes spudding of Wick well in the third quarter and other activities. The placing...Continue Reading

Saudi Arabia, the world’s largest exporter of oil, has put forth several plans for a hike in the production of oil to the other OPEC members, as it aims to bridge the gap with Russia. Saudi Arabia has put up different scenarios to raise the oil output including a two-step hike to smoothen the effect...Continue Reading

Bahrain has planned to invite international oil companies to help develop the first major discovery in decades. It hopes to begin production in 5-years. Currently, this oldest and smallest energy producer of the Persian Gulf derives most of its revenue from crude exports. However, its finances are under strain due to lower oil prices. This...Continue Reading

The oil and gas industry has seen some horrific incidents in its existence. Learning from these incidents help us understand what went wrong as well as figure out what could have been done differently. 1. Piper Alpha Disaster, North Sea, UK This is by far the deadliest accident in this industry which claimed 167 lives in...Continue Reading