Lux recently attended OGIS New York, where independent oil and gas producers presented on the overall health of the sector. Presenters noted the increasing reliance on unconventional oil and natural gas liquids (NGL), which was a common theme throughout the event. Independent producers highlighte...
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News Commentary | September 13, 2021
Three years after acquiring Quadrant Energy for $2.15 billion, Santos is making another strategic move to acquire Oil Search, a Papua New Guinea‑focused oil and gas producer, which paves the way for Santos to become the top oil and gas company in Australia. As a result, the shareholders of Oil ... Not part of subscription
News Commentary | August 20, 2021
The project will capture CO2 from Sinopec's Qilu petrochemical plant, which produces hydrogen from coal, and subsequently inject it into the Shengli oil field (China's second‑largest) for enhanced oil recovery. Slated to begin operations by the end of 2021, Sinopec expects the project to inject 10.7... Not part of subscription
News Commentary | May 25, 2022
Indian Oil Corporation (IOC), the largest state‑owned oil and gas company in India, plans to capture 700,000 tonne/a of CO2 from its refinery that uses steam methane reforming for hydrogen production. Most of the captured CO2 will be used for enhanced oil recovery (EOR), while a smaller portion will... Not part of subscription